ROCKVILLE, MARYLAND, April 7, 2015 – To capitalize on the region’s significant human capital and resources driving health innovation, BioHealth Innovation, Inc. (BHI) and ProductSavvy, in partnership with Montgomery County Department of Economic Development (DED), are launching a health technology accelerator program named, “Relevant Health.” The accelerator will consist of a five-month intensive program focused on preparing eight early-stage health-related businesses for pilot product testing and financing. The program is scheduled to launch in September 2015 and will be located in the Rockville Innovation Center, part of the Montgomery County incubator network.
BHI is a public-private partnership that’s been building programs to foster commercialization of health and life sciences assets in the Central Maryland region over the last three years.”It’s fitting that we are fueling the launch of the first dedicated health-technology accelerator aimed at ‘moving minds to market’ in Montgomery County with the product-acceleration company, ProductSavvy, and our strategic partner, Montgomery County DED,” said Richard Bendis, BHI President and CEO. “Montgomery County is a hotbed of brilliant scientific minds driving new innovation. Our mission is to focus these minds toward new commercial-oriented goals. This new accelerator will allow us to foster leadership teams in these companies, enabling them to interact with the rich health resources and talent located in Central Maryland.”
New for 2015! BHI’s Funding Newsletter provides a monthly snapshot of biohealth funding opportunities from federal, state, local government, and private sources that could be relevant to advance your small business. BHI’s goal is to assist companies determine feasible non-dilutive funding pathways or government contract opportunities to enable biohealth businesses at multiple stages of development.
Establishes centralized vaccines research and development center in Rockville
GSK, one of the world’s leading research-based pharmaceutical and healthcare companies, announced today that they are expanding their operations in Rockville with the establishment of a centralized vaccines R&D facility.
BioHealth Innovation, Inc. (BHI) announced today that the National Institutes of Health (NIH) has signed an agreement to extend and expand its entrepreneur-in-residence (EIR) program with BHI. Under the terms of the new agreement, BHI is providing the services of five EIRs to the NIH starting with two lead institutes: the National Heart Lung and Blood Institute (NHLBI) and the National Institute of Neurological Disorders and Stroke (NINDS).
“BHI is excited to extend its existing relationship with NIH. By adding new EIRs within multiple institutes, we expand our ability to both support breakthrough technologies and to help identify new commercial opportunities working with national scientific experts,” said Richard Bendis, BHI President & CEO. “These new breakthroughs can then turn into new health-related products, many of which will come from the cutting-edge startup companies fostered by BHI that are focused on further enhancing the future of healthcare for all.”
British drugmaker GlaxoSmithKline announced plans Thursday to open a new vaccine research center in Rockville by this fall, a project that could bring up to 700 new jobs to Montgomery County. The center — at the site of the former Human Genome Sciences, which Glaxo acquired in 2012 for $3.6 billion — would combine two Glaxo research facilities on the East Coast and is expected to employ 1,000 people by 2016, a company spokeswoman said.
Another startup-focused program from TEDCO is on the way. The U.S. Economic Development Administration awarded the Maryland Technology Development Corporation (TEDCO) an innovation grant this week. TEDCO will use the $500,000 i6 Challenge award to launch a program for commercialization of medical devices. The program, called Maryland Structure Efficient Professional Product Development (mdSTEPP), is aiming to create 5-7 new medical device companies a year. It’s another example of the state working to turn the research that emerges from Maryland’s hospitals, labs and other centers into profitable businesses. The announcement also comes as University of Maryland officials are looking to expand the institution’s BioPark in Baltimore, and Johns Hopkins University is finally making the investment in commercialization that many have long wanted.
CLARKSVILLE, MD–(Marketwired – Apr 6, 2015) – Neuronascent, a biopharmaceutical company developing non-invasive, neuron regenerative therapeutics aimed at reversing cognitive deficits in Alzheimer’s disease, today announced the closing of a round of financing for up to $1.2 million. Neuronascent’s human neuronal progenitor-based discovery platform identified a number of novel orally-available therapeutics that promote new neuron generation at the same time inhibiting loss of neurons. Proceeds from this first institutional investment will allow the development of Neuronascent’s lead Alzheimer’s candidate, NNI-362, to the point of first-in-human clinical testing. The Company expects to complete all IND-enabling studies in 2015, with the considerable support of the National Institute of Aging’s (NIA) Alzheimer’s Disease Translational Research Program.
The Maryland Department of Business and Economic Development (DBED) named today 12 finalists in the InvestMaryland Challenge (IMC), the State’s international business competition. The Challenge brings together startup companies from a variety of industries with investors, advisors, successful entrepreneurs and other established members of Maryland’s entrepreneurial community. There are three finalists in each of four categories — Life Sciences, IT, Defense & Security, and Sustainability & Exploration. The winner of each will win a $100,000 top prize from the State’s Maryland Venture Fund. InvestMaryland Challenge partners have contributed another $300,000 in prizes that will be awarded to others in the field of 214 applicants. Winners of all awards will be announced April 28 at an event at the Maryland Science Center in Baltimore.
Sigma-Tau Pharmaceuticals, Inc., announced today that the U.S. Food and Drug Administration (FDA) has granted an orphan drug designation for the Company’s investigational compound, STP-206 (lactobacillus acidophilus and Bifidobacterium animalis subsp. lactis), a live biotherapeutic being developed for the prevention of necrotizing enterocolitis (NEC) in premature infants with very low birth weight less than or equal to 1,500 grams. The Company is currently conducting a multi-center, double-blind, randomized, placebo-controlled Phase 1b/2a clinical trial for STP-206 at a number of different sites in the United States.
Strand Life Sciences today announced a partnership with MRI Global to open a reference laboratory in India and develop companion diagnostics.
The partners will conduct joint research to integrate Strand’s SmartLab informatics software with MRI Global’s mobile, rapid diagnostics laboratories. Strand will also act as a validation hub for new technologies that are developed, including point-of-care devices.
Immunomic Therapeutics, Inc. (“ITI”), a privately-held biotechnology company developing vaccines based on its proprietary LAMP technology, today announces that the National Institutes of Health has awarded ITI’s Small Business Innovation Research (SBIR) grant application titled, “Development of Nanoplasmid LAMP-based Peanut Allergy Immunotherapy.” The work in this award will help the pre-clinical development of new and advanced therapeutic platforms for peanut allergies.
“The receipt of this grant provides validation and financial support to evaluate the innovative combination of MHC-II targeting of important peanut allergens delivered in a minimal plasmid DNA backbone. With NIH’s support, we look forward to designing and evaluating new plasmid-based constructs for their immunological activity and improved safety profile, which builds off of ITI’s considerable expertise in plasmid-based therapeutics for food allergies. This research has the potential to help the more than one million Americans who suffer from peanut allergies,” said Teri Heiland, Ph.D., Vice President of R&D, ITI.
Chief technology officer at Health and Human Services, Bryan Sivak, is leaving the agency and retiring from federal government at the end of April, according to a department memo.
During his four years at the agency, Sivak was an ardent proponent of using technology to innovate and provide better services, both for the civilians the agency serves and for the employees internally.
A Baltimore startup that’s developing a medical device to treat migraine headaches is in talks to be acquired by a global medical device company.
Baltimore’s eNeura Inc. has entered into an agreement with Orthofix International N.V. that gives the Texas medical device firm 18 months to decide whether it wants to acquire eNeura for $65 million. As part of the deal, Orthofix is giving eNeura a $15 million loan to support commercialization of its migraine management device, Spring TMS.
When serial entrepreneurs Greg Cangialosi and Dave Troy launched the Baltimore Angels in 2009, the small group of investors heard pitches from hopeful entrepreneurs in a cramped Baltimore conference room, with maybe a pizza and bottle of water to share. Six years later, the Baltimore Angels are a crew of 40 investors, making deals upwards of $100,000. As Baltimore’s startup scene grows, Cangialosi is tightening the screws on the Baltimore Angels to attract new members, raise more money, ink more deals and be a driving force in the city’s entrepreneurship community.
Thrasos Therapeutics, a biotherapeutics company focused on delivering new solutions for kidney disease, today announced that it has completed a $21M Series D financing led by BDC Capital and SR One with participation by all current investors. Thrasos’ Board of Directors will be expanded with the addition of Ela Borenstein, Managing Partner at BDC Capital Healthcare Venture Fund.
The Tech Council of Maryland (TCM), Maryland’s largest technology trade association, today announced the finalists for its 27th Annual Industry Awards. Winners will be revealed at a celebration on May 13 at the Bethesda North Marriott Hotel & Conference Center. This year, the Industry Awards Celebration recognizes the achievements that inspiration can bring. Achievements in technology and life sciences that were nurtured locally, and grew to have a global impact.
BALTIMORE, April 1, 2015 /PRNewswire-USNewswire/ — University of Maryland School of Medicine Dean E. Albert Reece, MD, PhD, MBA, announced today that the School of Medicine (UM SOM) plans to establish a major new Institute for Global Health (IGH), bringing together decades of UM SOM research, treatment and vaccine development around the world, and expanding the School’s platform as the premier, leading center for global health research, treatment and prevention. The new Institute will focus on vaccine development and malaria research, and will house the UM SOM’s reconfigured Center for Vaccine Development (CVD) as well as a newly-formed Center for Malaria Research (CMR).
WASHINGTON – U.S. Senator Barbara A. Mikulski (D-Md.), Vice Chairwoman of the Senate Appropriations Committee, this week continued her Maryland Jobs Tour at the National Institutes of Health’s (NIH) National Center for Advancing Translational Sciences (NCATS). Senator Mikulski announced that she has introduced new legislation, the Accelerating Biomedical Research Act, to ensure NIH receives stable funding year after year to support community health, innovation and jobs across Maryland and the nation. Senator Mikulski was joined by NIH Director Dr. Francis S. Collins and NCATS Director Dr. Christopher P. Austin in touring the NCATS translational research facility to see first-hand state-of-the-art screening for potential new treatments and cures for diseases that can be delivered to patients faster.
Though the Terrapins men’s basketball team didn’t pass the second round of the NCAA tournament, this university found success in a different kind of bracket. This university was named the “Nation’s Greenest University” by SaveOnEnergy.com in its March Mania Bracket, taking on Kansas University, Duke University and the University of Virginia before defeating the University of Louisville in the championship. In the spirit of March Madness, SaveOnEnergy.com — an online energy comparison website — created March Mania to mimic the NCAA Division I basketball tournament. The tournament included 16 of the nation’s top men’s basketball teams and ranked them based on their green efforts, according to the March Mania website.
FastForward, the catalyst for the advancement and commercialization of Johns Hopkins innovations, will help drive business development. There will be some available space outfitted as a core lab facility with shared equipment. Approximately 115,000 SF of the building is already committed. An additional 53,000 SF of lab and office space is available. Additionally, there will be 2,000 SF of retail space that will open directly to the lobby and serve as the social hub for innovation activities in the building. This space will have 180 degree exposure to Ashland Avenue and Eager Park. The retail tenant can extend its outdoor operation onto the ground floor building terrace and into Eager Park.
For University of Maryland researchers, the last year has marked a series of new discoveries and innovations: a revolutionary nanopore battery with high storage capabilities, a language aptitude measuring system, and a national food safety database to improve safety measures in retail establishments, just to name a few. UMD will honor nine nominees for the most promising new inventions at the Celebration of Innovation and Partnerships event on April 29, held as part of the University of Maryland’s ’30 Days of EnTERPreneurship,’ a month-long celebration and exhibition of innovation and entrepreneurship.
Health and Human Services chief technology officer Bryan Sivak announced that he will step down from the job this month.
In so doing, Sivak is not just leaving the CTO position but also the entrepreneur-in-residence post he held simultaneously. Healthcare IT News Executive Editor Tom Sullivan spoke with Sivak in 2013 about disrupting government culture with both technology and modern business practices.
We’re back in Baltimore thanks to The University of Maryland’s Biotech Research and Education Program (BREP) who is sponsoring this BioBuzz networking event on April 9th at @HeavySeasAleHse. Join us to share an evening with BREP and Baltimore’s growing Biotech community. Heavy Seas Alehouse is located in a very accessible part of the city and has plenty of free street parking or a $4 garage directly across the street.
Mtech’s Biotechnology Research and Education Program (BREP) is the regions premier biotechnology, biopharmaceutical and biofuel research center, designed to bolster Maryland’s burgeoning biotechnology industry. The program consists of two core facilities dedicated to providing supplemental research to academia, government and industry.
Start-up accelerators have become a prominent feature of the entrepreneurship landscape in recent years. New programs appear nearly every month, and in many ways, accelerator participation has become a rite of passage for budding entrepreneurs. Yet, with the proliferation of programs, the newness of the phenomena, and little to no publicly available data on outcomes for the programs and affiliated start-ups, it is hard for entrepreneurs to determine which programs are most effective and, more importantly, which specific program would be the best fit for their particular start-up’s goals. With this challenge in mind, we set out over the last few years to both foster conversation about the accelerator model, and help entrepreneurs gain visibility into the strengths of individual programs.
Like plenty of science-oriented high school kids, Andrew Jin is interested in human evolution. But Jin, one of three $150,000 first-place winners in this year’s Intel Science Talent Search, took that interest further than most. For his project, the high school senior came up with machine learning algorithms that detect mutations in the human genome—mutations that could one day be used to develop drugs to combat diseases like HIV and schizophrenia.
The decline in first quarter digital health investment was a notable shift from the steadily rising levels since 2010. That’s probably the most striking development in StartUp Health’s latest report which otherwise highlighted some pretty consistent trends. In the the first three months of 2015, big data attracted the most investment (led by Health Catalyst, which raised $70 million). Plus, more venture capitalists are moving into the sector – at least 20 made two digital health investments. But the second half of the report, which looks at digital health subsectors and deals relevant to the graying market – ie. almost every aspect of consumer health – was a promotional, business-intelligence look at what’s happening with the constituents of one of its sponsors, AARP. Reading the report, I wonder if it really provides enough firepower for innovators to help that 50+ population.
U.S. Secretary of Commerce Penny Pritzker announced the first 26 recipients of the 2014 Regional Innovation Strategies program grants. Managed by the Economic Development Administration, the Regional Innovation Strategies (RIS) program is designed to advance innovation and capacity-building activities in regions across the country through three different types of grants.
I’ve reached the stage of my career where I’ve been invited to give “career retrospective talks” to grad students and post-docs at academic institutions. It’s been an interesting and enjoyable experience meeting a new generation of young scientists and hearing what’s on their minds. After delivering my seminar and sharing lots of stories and advice, the discussion quickly turns to jobs: what’s available out there, and how do you get one?
We’re back in Baltimore thanks to The University of Maryland’s Biotech Research and Education Program (BREP) who is sponsoring this BioBuzz networking event on April 9th at @HeavySeasAleHse. Join us to share an evening with BREP and Baltimore’s growing Biotech community. Heavy Seas Alehouse is located in a very accessible part of the city and has plenty of free street parking and a garage directly across the street.
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