Emergent BioSolutions is one of the vaccine producers that the federal government can tap in case of a virus pandemic, and now it has doubled the size of one of its manufacturing and development facilities with funding help from the feds.
VLP Therapeutics, LLC (“VLP”), a biotechnology company focusing on the research and development of therapeutic and preventative vaccines and antibody agents, today announced that it completed a convertible note financing with an angel investor Dr. Tomy Kamada, through his investment firm TomyK Ltd., that supports technology startups which pioneer new markets and create new industries with their innovative technologies.
When the next flu pandemic strikes or, perish the thought, the Ebola virus starts spreading in the United States, a newly expanded pharmaceutical plant in East Baltimore stands ready to respond.
Emergent BioSolutions, in partnership with the federal government, spent $80 million to double the size of its East Lombard Street plant near Johns Hopkins Bayview Medical Center.
Today, Maryland Governor Larry Hogan signed into law a measure aimed at providing additional support to Maryland small biotechnology companies. Senate Bill 226 sponsored by Senator Roger Manno, and House Bill 373 sponsored by Delegate Darryl Barnes will support Maryland small and innovative biotech companies by amending the Biotechnology Investor Incentive Tax Credit (BIITC) definition of a Qualified Maryland Biotechnology to allow investment in companies that have been in business no longer than 12 years and in active business for up to 15 years if completing the process of regulatory approval. The BIITC Extension has been a legislative priority of BioFactura and the Small Biotechnology Business Coalition, and our Coalition has worked closely with Delegate Barnes and Senator Manno on this legislation.
Maryland Gov. Larry Hogan signed more than 200 bills Thursday afternoon, including one that will present the University of Maryland with $1.5 million a year to establish a new Maryland Energy Innovation Institute on the campus.
The Maryland Clean Energy Center and the University of Maryland Energy Research Center collaborated to work out the details of the initiative, which aims to increase job opportunities and protect the environment by commercializing environmentally-friendly technology statewide, according to Eric Wachsman, director of the Energy Research Center and the Institute.
MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs.
MSBDFA uses include working capital, supplies and materials, machinery and equipment acquisition, land acquisition or real estate improvements. Other uses include the purchase of an existing franchise, construction or renovation and franchise fees or obtaining bid, performance and payment bonds for contracts, which receive the majority of their funding from federal, state or local government.
The Biotechnology Innovation Organization (BIO), the National Science Foundation (NSF) and the National Institutes of Health (NIH) today announced an agreement to feature Small Business Innovation Research (SBIR)-funded early-stage biomedical companies in an Innovation Zone at the 2017 BIO International Convention. The Innovation Zone companies, focused on drug discovery, diagnostics and other therapeutic platform technologies, will have dedicated exhibit space and participate in BIO’s One-on-One Partnering™ system. Select companies will make 15-minute company presentations in the BIO Business Forum.
ByteGrid Holdings LLC, which is dedicated to providing the most secure and compliant hosting solutions available, has been awarded “FedRAMP Ready” status by the Federal Risk and Authorization Management Program (FedRAMP).
“We are pleased to announce this achievement as we continue to add to our capability in delivering a highly secure and regulatory compliant set of products and services to our customers. This is just one more example of ByteGrid’s commitment to serving our customers’ requirements and going the extra mile in protecting their systems and data,” said Michael Duckett, Bytegrid CEO.
This isn’t Brian Loew’s first run at Internet success.
During the thick of the dot-com mania 20 years ago, Loew and some friends built an online publishing company called Worldweb.net. It had 150 employees and $15 million in revenue but, like many start-ups from the era, it never posted a profit.
EY today announced the finalists for the Entrepreneur Of The Year 2017 Award in the Maryland Region. The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. These business leaders were selected by a panel of independent judges. Award winners will be announced at a special gala on June 28, 2017 at the Baltimore Marriott Waterfront Hotel.