So you want to work for a biotech startup. Why not? It seems like a glamour job, working on the very bleeding edge of science. And admit it—in the back of your mind, you’re thinking it’ll become the next Genentech (RHHBY) and you’ll be rich with all your stock options.
TEDCO’s Entrepreneur Expo came to Baltimore this year, hosting an all-day session at the Hilton on Monday.
The annual event attracts founders, investors and other community members from around the state. For the past several years, it was held in Columbia.
Startup Maryland yesterday unveiled the finalist for the Pitch Across Maryland Competition. Startup Maryland is proud to showcase the finalists along with all the ventures who participated in the 2016 STRT1UP Roadshow celebration of innovation and entrepreneurship. This year’s Finalist for each category are listed below with a link to their 2016 pitch video:
Faculty from the University of Maryland, Baltimore and Johns Hopkins University and local entrepreneurs were recently recognized for their groundbreaking research with $200,000 in prizes.
The awards were made by the two universities, the Abell Foundation and the Maryland Department of Commerce as part of a day-long 2016 Innovation Showcase. The event was cohosted by the Johns Hopkins Alliance for Science and Technology Development and the University of Maryland, Baltimore Commercial Advisory Board.
Baltimore-based Glyscend Inc. was awarded one of three $500,000 research grants from Johnson & Johnson Innovation LLC and its research arm Janssen as part of the health care giant’s World Without Disease QuickFire Challenge.
Glyscend was spun out of Johns Hopkins University and continues operations as part of the Johns Hopkins Technology Ventures program. The company is currently in the process of raising a Series A funding round, with a goal of between $5 million and $10 million. The Johnson & Johnson (NYSE: JNJ) grant money will help the company reach its goal, said Ashish Nimgaonkar, co-founder and CEO.
HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) and QIAGEN Manchester Limited, a wholly owned subsidiary of QIAGEN N.V. (Nasdaq: QGEN). This Agreement creates a framework for both companies to combine their technological and commercial strengths with the goal to offer pharmaceutical companies a complete NGS-based solution for the development and commercialization of companion diagnostics, with a focus in oncology. Together with the parties’ entry into the Agreement, QIAGEN North American Holdings, Inc., another QIAGEN subsidiary, made a minority investment in HTG’s common stock.
Deloitte today released the 2016 Technology Fast 500, an annual ranking of the fastest growing North American companies in the technology, media, telecommunications, life sciences and energy tech sectors. Loot Crate claimed the top spot with a growth rate of 66,661 percent from 2012 to 2015.
Based in Los Angeles, Loot Crate delivers monthly curated mystery boxes of entertainment and pop culture themed collectibles to fans. Founded in 2012, Loot Crate has more than 650,000 subscribers worldwide in 35 countries. Loot Crate’s position at the top of this year’s list showcases how innovation isn’t always about new technology and invention, but also about ingenuity, the recombining of existing assets and know-how in new ways to maximize value.
AstraZeneca today announced the completion of the licensing agreement between MedImmune, its global biologics research and development arm, and Allergan plc, for the global rights to MEDI2070.
MEDI2070 is an IL-23 monoclonal antibody currently in a Phase IIb clinical trial for moderate-to-severe Crohn’s disease and ready for Phase II for ulcerative colitis, diseases that sit outside AstraZeneca’s three main therapy areas.
Calling all innovators, startups, and entrepreneurs: join us in participating in the first-ever #FosterlyCensus — a region-wide, community project gathering information and statistics about our rapidly expanding ecosystem. Be a part of the most comprehensive, resourceful survey our city has ever seen by filling out the info at http://fosterly.com.
California, the nation’s birthplace of biotechnology, continues to add jobs in that sector and the life sciences in general, a trade association reported Wednesday.
While growth is slow, the life sciences remain a potent economic force, especially in San Diego County and the San Francisco Bay area. There are also signs of expansion in Los Angeles County, which has long been overshadowed by its neighbors to the north and south.
