News Archive

Maryland’s road to a stronger high-tech economy lies at the intersection of its I-95 and I-270 corridors.  Better integration of education, research and development in the state’s two biggest innovation centers—the Washington suburbs and Baltimore—will spur success.  This is underway.

In less than three years, a strategic collaboration between the University of Maryland, College Park and the University of Maryland, Baltimore, called “MPowering the State,” has dramatically energized technology development along these corridors.

Mach37, the CIT-backed accelerator for cybersecurity startups, has announced its spring cohort of investments. The companies include services ranging from risk tracking to system immunization and firewalling — your usual cybersecurity shenanigans.

The Herndon-based accelerator invests $50,000 in each of its startups and provides network access and guidance toward each company’s development. The portfolio includes 22 companies as of this announcement.

Johns Hopkins University today unveiled specific steps it plans to take to cultivate and support a culture of innovation and entrepreneurship and respond to the strategic challenges detailed in last year’s committee report on the topic.

The implementation plan, the release of which was announced today to the university community in a message from JHU President Ronald J. Daniels, addresses the 22 specific recommendations to bolster the university’s innovation initiatives that were included in the May 2014 innovation report.

Where will the first $1 trillion company come from? Some think it is already in the making, but not visible yet. The future is all around us and innovators can see it more than the rest of us.

As suggested, a convergence of technologies, including the Internet of Things, AI, robotics and synthetic biology, might just make a health company the first to be the Trillion Dollar Unicorn.

Symbiomix Therapeutics, a late-stage, privately held biopharmaceutical company developing innovative medicines for serious women’s health infections, today announced results from its Phase 1 clinical program demonstrating that its lead product candidate, SYM-1219, was safe and well tolerated and had predictable pharmacokinetics (PK), and that contraceptive efficacy for birth control pills would not be altered by SYM-1219 administration.

These results will be presented on March 6th at the annual meeting of the American Society of Clinical Pharmacology and Therapeutics (ASCPT), which takes place in New Orleans from today through March 7th. Following are the details for the two posters presenting the study results:

AstraZeneca has completed the acquisition of Actavis’ branded respiratory business in the US and Canada for an initial consideration of $600m.

The deal strengthens AstraZeneca’s aclidinium respiratory franchise and builds on the acquisition of Almirall’s respiratory portfolio in 2014 by extending the company’s development and commercialization rights into the US for both Tudorza Pressair and Duaklir Genuair.

Gaithersburg-based molecular diagnostics company OpGen Inc. filed Tuesday to go public in hopes of raising as much as $37.4 million.

In its initial regulatory filing with the Securities and Exchange Commission, the company said it would trade on the Nasdaq under the ticker symbol OPGN. It has yet to set a price for the stock or date for the initial public offering, which New York-based Maxim Group LLC will manage.

This spring, the InvestMaryland Challenge will award four $100,000 grand prizes to innovative young companies with the potential to flourish in Maryland.

Now in its third year, this national seed and early-stage business competition, hosted by the Maryland Department of Business and Economic Development, has accepted hundreds of applications since fall 2014. Judges have now narrowed the field to just 46 companies, including the competition’s first-ever international semifinalist, Israel-based AcceleRadio. This month, they will present their business plans during face-to-face interviews with panels of three to five judges. Final reviews will take place in April.

The Johns Hopkins University Montgomery County Campus welcomes Leidos to the campus community. Leidos has located some of its employees in Building III, putting them in close proximity to the National Cancer Institute Shady Grove, located right next door. Leidos Biomedical Research and the National Cancer Institute have a contract to work together on “genetics and genomics, proteins and proteomics, advanced biomedical computing and information technology, biopharmaceutical development and manufacturing, nanotechnology characterization, and clinical trials management,” according to NCI.

Today at Henderson’s Wharf Inn in Fells Point, U.S. Senator Barbara A. Mikulski (D-Md.) announced she has decided not to run for re-election. Senator Mikulski, who will complete her 5th term in office in January, 2017, says she wants to focus for the next two years on working for her constituents and for the nation.

“Because every day, I want to wake up thinking about you — the little guys and gals, the watermen, automobile workers, researchers, small business owners and families,” Senator Mikulski said. “I want to give you 120 percent of my time with all of my energy focused on you and your futures. Because it’s always been about you, never about me. That’s what it takes to be a good senator by my expectations and by my standards.”