Hundreds of people from more than 140 life sciences organizations based in Maryland are traveling to the BIO International annual conference taking place next week, June 15th-18th, in Philadelphia.
Stop by our Booth (#301), enjoy a cup of espresso, meet key industry leaders, and learn more about the many resources and experts available in Maryland to help you grow your business!
Take a poll of most of biotech’s venture capitalists—the ones that survived the financial crash, anyway—and you might find that just about all of them have reloaded with new funds over the past few years. Today, you can add Clarus Ventures to the list.
Clarus—a VC firm with offices in the bi-coastal biotech hotbeds of Cambridge, MA, and South San Francisco, CA—has raised its third fund, a $500 million haul called Clarus Lifesciences III LP that’ll it’ll use to invest in both early and mature drug developers.
Symbiomix Therapeutics today announced the dosing of the first patient in a Phase 3 clinical trial, the second of two planned pivotal trials for its lead drug candidate SYM-1219 for the treatment of bacterial vaginosis (BV). Symbiomix previously announced that it plans to submit the multi-center, randomized Phase 2 trial completed last year as one of two pivotal trials required for a New Drug Application (NDA) filing. This Phase 3 trial is the second pivotal study to support an NDA submission for BV. SYM-1219 is a novel drug candidate that contains secnidazole, an antibiotic with favorable pharmacokinetics (PK) allowing for single-dose oral therapy in a condition that is marked by high recurrence rates and low adherence to the current recommended treatment.
Alexandria Real Estate Equities will break ground next week on The Alexandria Center, an 11-story biotech building at 400 Dexter Ave. N.
Juno Therapeutics will be the anchor tenant, taking about 90,000 of the 285,000 square feet. Juno will lease the top four floors and has an option on three more.
Maryland Governor Larry Hogan today announced the signing of a Memorandum of Understanding (MOU) between the University of Maryland (UMD) and the headquarters of the Chinese Academy of Sciences (CAS), China’s top science and technology research and educational organization.
Signed on June 2nd by UMD President Wallace D. Loh and CAS President Bai Chunli at CAS headquarters in Beijing, the MOU encourages joint research activities, student exchanges, and other related and mutually beneficial activities. CAS is composed of 104 research institutes, two universities, 12 academies, and over 100 key national labs.
Tech award season rolled on in Maryland on Thursday night at the American Visionary Art Museum. The Maryland Incubator Company of the Year Awards recognized startups in a host of categories like life sciences, health technology and technology services.
Maryland Department of Business and Economic Development Secretary Mike Gill offered the keynote address, detailing a few specifics of how Gov. Larry Hogan’s administration wants to make the state more business-friendly. That will include a new name for the department, and will likely mean a new title for Gill.
Gemstone Biotherapeutics, a Baltimore company developing treatments to promote wound healing, has raised $2.45 million in a seed round of investment, company officials said.
The company plans to use the money to further test its technologies and pursue regulatory review and clinical trials. It is developing biosynthetic “scaffold” technology that has shown in animal tests it can help skin regenerate and prevent scarring when applied to burn wounds.
Personal Genome Diagnostics has raised $4.3 million in private financing, the firm said in a document filed with the US Securities and Exchange Commission on Wednesday.
A spokesperson for the firm said that the financing was in the form of a convertible note funding and is part of a larger Series A round currently underway. No further details were disclosed.
Investment to accelerate momentum behind cloud-based electronic health record software for behavioral health market
June 2nd, 2015 | Rockville, MD – Credible Behavioral Health, Inc. (“Credible”), a leading provider of electronic health record (“EHR”) and practice management Software-as-a-Service (“SaaS”) solutions to the behavioral health market, today announced that it has secured a $30 million minority investment from Goldman Sachs. The investment will allow Credible to further pursue its mission of helping behavioral health agencies improve their quality of care by scaling its presence across the clinic, community, residential, and inpatient behavioral health market. Credible plans to accelerate product development, build out its sales and marketing team, and opportunistically pursue acquisitions.
The Incubator Company of the Year Awards is an opportunity to highlight Maryland’s impressive incubator system and recognize the breadth and depth of technology talent that we have throughout Maryland. In determining the winners, judges considered factors such as technology and product development, increase in employee numbers, growth in revenue, and the attraction of outside investors. The Incubator Company of the Year Awards represent some of the best companies in Maryland that have recently been started and have gone through incubator programs. With BioHealth Innovation’s assistance, Avhana Health has been able to create a category-defining product, triple it’s workforce and gain funding from outside investors.
