News Archive

California-based companies received about 56 percent of all U.S. venture capital dollars in 2014, the state’s highest share of venture activity since the dot com boom of the early 2000s. Over the past 15 years, investment activity has steadily become more concentrated in California and a few other states. In 2009, about 67 percent of all deals and 74 percent of venture capital dollars flowed to the top five states. By 2014, those states’ share of venture dollars grew to 80 percent, according to NVCA/Pricewaterhouse Coopers data. A recent Harvard Business Review article, however, suggests that startups are receiving first-round funding in more metropolitan areas than ever.

Paul Palmieri thinks Maryland’s entrepreneurs and innovators need a boost — especially after supporters of a state angel investor tax credit turned out in force to a Senate hearing Wednesday and faced some tough questions.

“We need to, as much as possible, support new entrepreneurs,” said Palmieri, the founder and former CEO of Millennial Media who’s now venture adviser at Chevy Chase-based New Enterprise Associates Inc. and an angel investor.

A coalition of 13 leading life science and diagnostics organizations today announced the formation of the Allele Frequency Community, a landmark initiative that is creating an extensive, high-quality and ethnically diverse collection of human genomes to address a key challenge in interpreting sequencing data for research and clinical applications. The announcement coincides with the start of the 16th annual Advances in Genome Biology and Technology (AGBT) scientific meeting in Marco Island, Florida.

Signing a deal can seal your fate. An exit for your investors may mean the end of your dream. What if you decided to forego the exit route, leapfrog to an IPO, and use commercial partnerships to fuel your scale-up into a fully integrated biopharma company? For an example in progress, look at Sucampo — a still-small company with two FDAapproved products, many more in the pipeline, a healthy balance sheet, and a commitment to maintain its long-term independence.

Vaccination may be the most effective public health intervention of all time. This is especially true in developing countries, where many families can’t find or afford health care when they get sick. The prevention offered by vaccines can be life-saving.

Five Maryland life science companies and a medical institution will share a total of $865,000 in grants from the BioMaryland Center. The awards — up to $200,000 per recipient — are part of the center’s Biotechnology Development Awards program, which is designed to help accelerate commercialization of medical treatments and technologies.

Smart Asset names Rockville and Bethesda as having the best paying STEM jobs in the nation

Looking for a job in STEM-related fields (Science, Technology, Engineering or Mathematics)?  Look no further than Montgomery County.

A recent report by Smart Asset (smartasset.com) lists Rockville and Bethesda as the top spots in the nation for well-paying STEM jobs.  The area (which included Frederick, MD) beat out Silicon Valley, San Francisco, Boston and New York in offering the most financially rewarding opportunities. 

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Qiagen N.V. (Symbol: QGEN) was identified as having a larger market cap than the smaller end of the S&P 500, for example Jacobs Engineering Group, Inc. (Symbol: JEC), according to The Online Investor .

The Cambridge Biomedical Campus will become a new UK home for biologics research and protein engineering next year, as pharmaceutical giant AstraZeneca opens its new headquarters.

Venture capital investment in U.S. life sciences companies soared 29 percent in 2014 from the year before, reaching $8.6 billion, the highest level since 2007. And there is reason to think 2015 will also be a big year for a sector having its third boom of the last two decades.