News Archive

Galen Robotics, Inc. was the winner of the 2018 BioHealth Capital Region Crab Trap Competition

COLUMBIA, Md. (June 27, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent $500,000 Seed Funds investment into Galen Robotics, Inc. This round of seed funding is from the Life Sciences Investment Fund.

Bruce Lichorowic, Galen Robotics CEO“In 2017, Galen successfully secured our first MII Phase III grant which led us to make the decision to relocate our headquarters from Silicon Valley to Baltimore. Now, as we receive a follow-up investment, it is evident that TEDCO remains committed to supporting and nurturing its portfolio companies. Despite the macroeconomic challenges associated with early-stage funding, TEDCO has established itself as a leader in investing in high-quality startups based in Maryland. Their dedication to supporting local entrepreneurship is commendable and sets them apart in the startup ecosystem,” said Bruce Lichorowic, president and CEO of Galen Robotics. “TEDCO serves as a valuable resource for Maryland’s early-stage technology companies, offering not only funding opportunities but also mentorship, marketing strategies and introductions to key leaders within the government and industry. With these comprehensive support services, TEDCO becomes an indispensable resource that empowers startups to progress and reach the next level of their development.”

GAITHERSBURG, Md., June 27, 2023 (GLOBE NEWSWIRE) — Emergent BioSolutions (NYSE: EBS, “Emergent” or the “Company”) today announced that Robert G. Kramer Sr. has informed the Board of Directors of his intention to retire from Emergent. Mr. Kramer will step down from his role as President and CEO of Emergent and as a member of the Company’s Board, effective immediately. The Board has appointed Haywood Miller as interim CEO while it conducts a search to identify a new permanent CEO, considering both internal and external candidates and with the assistance of a leading executive search firm. Mr. Miller, Managing Director at Berkeley Research Group (“BRG”), has served as an advisor to the Company and its executive management team for the last several months. In order to ensure a smooth transition, Mr. Kramer will serve as an advisor to the Company until August 1, 2023.

As Dr. Kurt Newman, President and CEO of Children’s National Hospital, prepares for retirement, BioHealth Innovation, Inc. (BHI) honors his exceptional contributions and visionary leadership in pediatric health and the BioHealth Capital Region. Since assuming the role of CEO in 2011, Dr. Newman has championed patient-centered care and driven innovation in research, operations, and clinical practices at Children’s National Hospital.

Under his guidance, Children’s National has formed successful partnerships with health systems, government entities, and community organizations, boosting pediatric healthcare forward and benefiting countless children and families. Dr. Newman’s advocacy for expanding mental health access for kids has significantly impacted many. He has led national forums on this critical issue, raising awareness and integrating mental health support within pediatric care.

Maryland company focused on innovating solutions for complex brain surgeries

COLUMBIA, Md. (June 26, 2023) – Jesse Christopher, Longeviti co-founder and CEOTEDCO, Maryland’s economic engine for technology companies, announced a $500,000 State Small Business Credit Initiative (SSBCI) investment into Longeviti Neuro Solutions, LLC (Longeviti). This SSBCI investment came out of TEDCO’s Venture Funds.

“We saw an opportunity to improve the lives of patients undergoing complex surgeries, and we’re glad we took it,” said Jesse Christopher, Longeviti co-founder and CEO. “Thanks to TEDCO’s investment, we can continue innovating, working towards solutions and helping patients.”

ANNAPOLIS, MARYLAND, UNITED STATES, June 20, 2023/EINPresswire.com/ — The study, “Advanced Prediction of Respiratory Depression Episodes with Linshom Continuous Predictive Respiratory Monitoring (CPRM)” began patient enrollment in March, 2023 and has enrolled over 90 patients; more than half of the enrollment target for phase one of the study.

“This study intends to prove Linshom Medical’s ability for early detection of patient respiratory decline”, said Richard Hughen, CEO. “Current standard of care and technology provide warnings after the patient is in trouble. If we get in front of this with predictive capability, we should be able to avoid costly rapid response activation, rescue events and ICU transfers”.

Are you curious to discover how experts navigate the complex landscape of life sciences real estate? Want to stay ahead of the curve in the market today? Ready to learn about the latest talent dynamics in the field?

Join Rich Bendis on BioTalk as he discusses the world of life sciences real estate and market trends with CBRE’s experts, Dan Grimes, Senior VP at CBRE’s Mid-Atlantic Life Sciences practice, and Ian Anderson, Senior Director of Research and Analysis. Together, they discuss the 2023 “US Life Sciences Research Talent Report” and the BioHealth Capital Region’s Top 3 ranking.

Discover how Dan’s expertise in real estate strategies for BioHealth companies and investors shapes success in the industry. Gain valuable insights from Ian’s extensive experience in commercial real estate and capital markets as he guides decision-making in the life sciences, office, and healthcare sectors. They discuss major BioHealth projects, delve into talent dynamics, and analyze market trends.

Modifying patients’ T-cells with mRNA to express a chimeric antigen receptor (rCAR-T therapy), a novel approach to treat myasthenia gravis and other autoimmune diseases.

Gaithersburg, MD—June 22, 2023 – Cartesian Therapeutics, a clinical-stage biotechnology company pioneering cell therapies for autoimmune diseases, announced today the publication of a landmark paper in The Lancet Neurology. The study describes Descartes-08, a cutting-edge RNA CAR-T (rCAR-T) therapy administered to patients with generalized myasthenia gravis (MG), a debilitating autoimmune neurological disease. The data demonstrate marked and long-lasting clinical improvement in patients with MG. This is the first clinical trial using rCAR-T to treat autoimmunity, and the first successful Phase 2 trial using an engineered cell therapy to treat autoimmunity.

Maryland life sciences company fighting antibiotic resistance, one innovative tech at a time

COLUMBIA, Md. (June 22, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a Seed Funds investment of $250,000 into Astek Diagnostics, a life sciences company fighting antibiotic resistance through innovative technology. In addition to this investment through the Life Sciences Investment Fund – a funding opportunity under the umbrella of TEDCO’s Seed Funds – Astek Diagnostics has received an additional $325,000 from the State Small Business Credit Initiative (SSBCI) funding.

The transformational investment is one of the hospital’s largest donations ever. It will power discoveries and revolutionize care for children and families who receive a brain tumor diagnosis.

June 21, 2023 – Children’s National Hospital announced a $96 million investment from an anonymous donor family that strengthens its globally recognized leadership to transform rare childhood brain tumor research and care. It is one of the largest donations in the hospital’s history. It allows Children’s National to recruit more top talent and advance the most promising research for safer, more effective treatments. The investment will elevate standards of care to help children with rare brain tumors thrive for a lifetime.

Sykesville, Maryland – June 20, 2023
Noble Life Sciences, a leading contract research organization in Maryland, is proud to announce that it has received renewed accreditation from the Association for Assessment and Accreditation of Laboratory Animal Care (AAALAC) International. This recognition validates Noble’s responsible treatment of animals in its research, solidifying it as a top-tier organization serving the biotechnology, biopharmaceutical, and pharmaceutical industries.

As the AAALAC is the foremost authority in accrediting animal care and use programs for research, testing, and teaching worldwide, accreditation from AAALAC International is a significant achievement. With its rigorous evaluation process and commitment to ensuring ethical treatment of animals, AAALAC has become the trusted accreditation agency for professionals across the globe.