1776 has made its second acquisition.
Just weeks after the surprise announcement of its Disruption Corp. purchase, the Washington, D.C., accelerator has acquired San Francisco-based Hattery, a co-working space that will give the company a foothold on the West Coast.
Alexandria is in the enviable position of having a commercial real estate portfolio including embedded development opportunities at the crossroads of the innovation economy – in Cambridge, Massachusetts, San Francisco, and other markets experiencing positive demand. This unprecedented demand from life science and tech tenants is giving ARE significant pricing power – as demonstrated by not only strong SS NOI for the quarter at 7.8% (vs 6.7% Q4 14 and 4.3% Q1 14) but also via the leasing spreads on renewal at 30.8% GAAP and 18.5% cash in Q1 15 and guidance for 2015 leasing spreads at 8-10%. Q1 leasing spreads skewed much higher than guidance given one lease at Tech Square in Cambridge that increased 100%. Given limited supply in Cambridge and the timing of deliveries, ARE may be in a position, as mentioned on the call, to push rents on its Kendall Square development buildings higher than original pro forma. In 2015, ARE is allocating capital 47% Cambridge, 25% Mission Bay/SoMa and 10% Torrey Pines/UTC with the balance in Manhattan and Other.
Strand Life Sciences, a global genomic profiling company that uses next generation sequencing technology to empower cancer care, today announced it has opened its U.S. operations center in Aurora, Colorado. This opening is in support of the company’s recent launch of the StrandAdvantage pan-cancer genomic profiling service.
Available now to physicians, StrandAdvantage was designed to accelerate the analysis of therapeutically actionable cancer genes and match them to relevant FDA-approved targeted cancer therapies and open clinical trials without the need for multiple tests.
CRISPR Therapeutics, a biopharmaceutical company focused on translating CRISPR-Cas9 gene-editing technology into transformative medicines, today announced the closing of a Series A and Series B financing totaling USD 89 million, including USD 35 million of new funding in the Series A and USD 29 million in the Series B. The oversubscribed Series A and Series B financings were led by strategic investors, SR One and Celgene Corporation, respectively, and included new investors New Enterprise Associates (NEA) and Abingworth, alongside the Company’s founding investor, Versant Ventures.
CRISPR Therapeutics has also announced changes to its Board of Directors. Simeon George, SR One, Ali Behbahani, NEA, and Kurt von Emster, Abingworth, will be joining Brad Bolzon, Tom Woiwode, and Chief Executive Officer, Rodger Novak.
Results Published in Clinical Vaccine Immunology Compares AdVAV Favorably Against Only Currently Licensed Alternative
Vaxin Inc., a clinical stage vaccine development company, today announced that a recently published study demonstrated that utilizing a single vaccination with the company’s AdVAVTM intranasal anthrax vaccine performs as well as the currently licensed Anthrax Vaccine Absorbed (AVA; BioThrax®), which requires two vaccinations. AdVAV is administered via an intranasal route rather than the intramuscular route of AVA. Intranasal delivery is generally believed to be a superior vaccination route because the mucosal immune response is important for protection, particularly against respiratory diseases. The study found that protection from aerosolized anthrax after a single dose of AdVAV was no worse than the protection afforded by multiple doses of AVA. Importantly, AdVAV produced protective antibody titers with earlier onset and greater persistence than AVA, suggesting that AdVAV may offer both rapid and long-lasting protection with just a single dose.
AstraZeneca has inked a development and commercialisation deal with Celgene for its haematology programmed cell death ligand 1 (PD-L1) candidate, MEDI4736.
Montgomery College offers Summer 2015 classes designed to meet your entrepreneurial needs in support of your business ideas. For Aspiring Entrepreneurs: The Intentional Entrepreneur This one day class helps you identify your entrepreneurial skills and abilities, and addresses any concerns you may have about business ownership. This class is a must for anyone considering starting a business! For Early Stage Entrepreneurs: New Venture Designed specifically for the entrepreneurs in the early stages of business development. Please contact Karen Ambrose, Program Director at 240-567-2592 or e-mail: karen.ambrose@montgomerycollege.edu
Women in tech in D.C. aren’t going anywhere. We’ve spent some time on these pages covering some amazing founders over the past two and a half years—Donna Harris, Carla Valdes, Glennette Clark, Shavanna Miller, Sara Capra and Veronica Eklund, Denise Tayloe, Elizabeth Bennett, and many, many others.
Here are three more Superwomen in Tech—a social marketer for one of D.C’s hottest startups, the president of DC Web Women, and the assistant director for open innovation in the White House Office of Science and Technology Policy—that “get it.” They know that they are working in male-dominated industries. They go to work every day and do their jobs. They network. But they take the time to connect with other people—particularly other women, sometimes in a volunteer capacity—to ensure that the people they meet get what they need. And the tech scene is better because of them.
Governor Larry Hogan today announced that he will sign into law 10 bills directly related to encouraging economic development and job growth in the state of Maryland. He will sign the bills into law at the next bill signing ceremony, to be held tomorrow, April 28, from 9 to 11 a.m.
“The following bills all address ways to improve the state’s business climate and make it easier for the hardworking men and women of our state to thrive and succeed,” said Governor Hogan. “The primary focus of my administration is to get Maryland open for business once again and create greater economic opportunity for our citizens, and I am proud to sign these bills into law.”
Given the complexity and difficulty of the challenges that government leaders face, encouraging innovation among their workers can pay dividends. Government-wide employee survey data, however, suggest that much more needs to be done to foster this type of culture at many federal organizations.
