News Archive

As we await the decision from the National Institutes of Health (NIH) on the petition backed by Senator Bernie Sanders (D-VT) and others urging that the march in provision of the Bayh-Dole Act be used to control drug prices, it’s worthwhile to recall the time the agency followed similar advice. That resulted in a smack down by Congress and the courts after a band of universities, an innovative small company and a conscientious federal employee refused to be bullied, altering the course of government.

Thursday, May 26, 2016

Please join us for the award ceremony where we announce the three winners of the Innovation into Action Challenge—a new initiative to support innovations with the potential to make a difference in the lives of people in emerging nations. At stake is a tailored package of support designed to accelerate the winning innovations’ deployment in the field, including $100,000 in funding, market testing on DAI’s overseas projects, access to a network of accelerator professionals, and technical mentoring to refine the innovator’s pitch, product, or service.

Today, Stewart Edelstein, executive director of the Universities at Shady Grove, released the following statement:

“On behalf of the entire Universities at Shady Grove (USG) community, I want to thank the Maryland General Assembly and Governor Hogan for reinstating $36.7 million in funding for the construction of our Biomedical Sciences and Engineering Education (BSE) facility. With this secured funding, the Universities at Shady Grove plans to break ground later this year on the new facility.

Maryland got an infusion of West Coast tech money recently. It’s going toward a new spot for College Park students to study the latest in digital technology.

Oculus CEO Brendan Iribe provided $31 million to the University of Maryland College Park. The 36-year-old’s name is now on the school’s new Center for Computer Science and Innovation. Iribe’s fellow cofounders are also included in the naming of the center, who gave a combined $7 million. It will include the 300-seat Michael Antonov Auditorium and a rooftop garden called Andrew Reisse Park.

The old adage that money doesn’t change everything could well be said of this year’s Top 10 U.S. biopharma clusters as listed by GEN. Nearly all regions saw significant increases in NIH funding (thanks to the $2 billion boost agreed upon by Congress for the current fiscal year) and in venture capital or “VC” funding (thanks to a market that was bullish on biopharma until this fall).

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 expanded Innovation Zone at the 2016 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™. Select companies will make 15-minute company presentations in the BIO Business Forum.

VividCortex, the database performance monitoring company that helps enterprises understand and optimize workloads across hybrid, distributed databases, today announced it has raised an additional $4.5 million in a Series A funding. The fast-growing company, which is profitable and grew revenues 8x last year, will use the funds to accelerate product development and sales.