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Johns Hopkins Technology Ventures Celebrates a Decade of Innovation with the Release of FY24 Annual Report

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JHTV LogoJohns Hopkins Technology Ventures (JHTV) has proudly released its FY24 Annual Report, marking ten years of exceptional growth in innovation and entrepreneurship. The report highlights JHTV’s significant achievements, including a fourfold increase in venture investments and a tripling of annual licensing revenue. These accomplishments underscore JHTV’s critical role in translating groundbreaking research into impactful technologies.

The report also celebrates the establishment of the Pava Marie LaPere Center for Entrepreneurship, which continues to nurture student and community innovation at Johns Hopkins. In addition to these milestones, JHTV has spearheaded collaborations, secured substantial funding, and supported the growth of new startups, further solidifying its position as a leader in academic technology transfer.

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HJF Save the date small

September 9th: HJF Networking and Educational Series

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HJF Save the date smallHJF, Montgomery County, Maryland & BioBuzz

We are teaming up to bring the research community a new and exciting opportunity – the HJF Networking and Educational Series. Each quarter, a new topic will be presented in HJF’s state-of-the-art Conference Facility located at HJF Headquarters, followed by complimentary food and drinks.

Join us at 4 p.m. on September 9, 2024

https://www.hjf.org/networking-educational-series

Questions? Send an Email to: Linda Yaswen-Corkery

Want to Learn the Ins & Outs of the FDA Approval Process?

Join us for an informative FDA Panel, moderated by HJF’s Scientific  Employee Resource Group, followed by networking with Montgomery County life science colleagues.

Date: September 9, 2024
Time: 4-7 p.m.
Location: HJF Conference Facility
6720A Rockledge Drive
Bethesda, MD 20817

TedcoSimmbion

TEDCO Invests in Simmbion, LLC

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TedcoSimmbionCOLUMBIA, Md., (August 26, 2024)TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 Pre-Seed Builder Fund investment in Simmbion, LLC. Businesses receiving an investment from TEDCO’s Pre-Seed Builder Fund, housed under TEDCO’s Social Impact Funds, receive access to a variety of benefits designed to nurture business growth.

“The promise of biologic drugs has been hampered by the need for frequent injections and cold-chain logistics,” said Derese Getnet, CEO of Simmbion. “Through the assistance of TEDCO, Simmbion is working to eliminate the need for recurrent needle-based administration of these drugs (and all the associated cold-chain). In success, our approach will transform adherence to treatment for diabetes, obesity, rare genetic diseases and cancer.”

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Baltimore AI

Techstars, Johns Hopkins University, and CareFirst BlueCross BlueShield to Bring Healthcare AI Accelerator to Baltimore

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Baltimore AIBALTIMORE–()–TechstarsJohns Hopkins University, and CareFirst BlueCross BlueShield (CareFirst) announced today a collaboration to launch a new healthcare accelerator program designed to support early-stage entrepreneurs building pathways to better care through artificial intelligence.

Techstars AI Health Baltimore powered by Johns Hopkins and CareFirst combines the university’s expertise in transforming research into commercially viable businesses, CareFirst’s experience in advancing access to affordable, equitable, high-quality healthcare, and Techstars’ accelerator model that has helped entrepreneurs build thousands of successful companies, including more than 600 in healthcare.

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NIHBHI

NIH SBIR Cycle is Opening: Deadline Approaching on January 5th, 2025

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NIHBHIThe next cycle of the National Institutes of Health (NIH) Small Business Innovation Research (SBIR) program is just around the corner, with a critical submission deadline set for January 5th, 2025. This highly competitive program offers early-stage funding opportunities for small businesses engaged in research and development that addresses significant biomedical challenges.

The NIH SBIR program provides a powerful vehicle for small businesses to accelerate the commercialization of cutting-edge technologies in fields such as biotechnology, pharmaceuticals, medical devices, and healthcare IT. Through this program, businesses can secure non-dilutive funding to advance their innovative solutions while gaining access to NIH’s vast network of resources and expertise.

Now is the time for eligible companies to prepare their proposals. Securing funding through the NIH SBIR program requires a robust and well-articulated application that clearly demonstrates the proposed project’s scientific merit, innovation, and commercial potential. Companies should also ensure they meet all eligibility requirements and align their research with NIH’s priorities.

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7thBHI

Meet the BHI Analyst Team at the BioHealth Capital Region Investment Conference

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7thBHIThis September 19th, the BioHealth Capital Region Investment Conference will once again serve as a premier gathering for the biopharma sector, uniting a dynamic blend of participants, including industry executives, investors, and exciting early-stage companies. Known for fostering impactful collaborations and driving innovation, the free-to-attend conference on the third day of BioHealth Capital Region Week is an essential event for those invested in the continued growth of the BioHealth Capital Region.

As part of this event, BioHealth Innovation (BHI) invites you to connect with our expert Analyst Team, led by Jon Nelson. This team plays a pivotal role in advancing the biohealth ecosystem by offering strategic insights within the non-dilutive funding space that help drive success for startups and established companies.

Attendees registered will have the unique opportunity to schedule one-on-one meetings with Jon Nelson. These sessions offer a chance to discuss non-dilutive funding, gain valuable guidance from a team deeply embedded in the grant landscape, and explore potential options for grant assistance. The BHI Analyst Team is equipped to provide the support you need to achieve your goals.

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Wilson

Key Insights from Wilson Sonsini’s Entrepreneurs Report: 1H 2024

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WilsonWilson Sonsini’s Entrepreneurs Report for the first half of 2024 is now available, offering critical insights into the current private company financing landscape. Valuations remain subdued across Seed to Series C stages, with many still below their recent peaks. However, later-stage companies are beginning to see larger fundraising amounts, suggesting a cautious but emerging confidence among investors.

A notable theme in the report is the decline in down rounds, indicating that investors are shifting their focus toward healthier, more sustainable startups. This trend, coupled with steady momentum in pre-seed notes and a dip in post-seed raise amounts, reflects a mixed yet cautiously optimistic venture capital environment.

The report also highlights significant changes in Delaware’s corporate law, which could have substantial implications for governance rights among venture-backed startups. These legal developments, along with the financial trends observed, are shaping the venture landscape as we move into the latter half of 2024. Access the full report here.

Hopkins Whiting

Hopkins Team Awarded Up To $20.9 Million in ARPA-H Funding to Further Tumor-Removal Research

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Hopkins WhitingA Whiting School-led interinstitutional research team will develop a novel photoacoustic endoscope and fluorescent contrast agent to ensure total tumor removal and preservation of healthy tissue

A Johns Hopkins Engineering-led team has won an award of up to $20.9 million over five years from the Advanced Research Projects Agency for Health (ARPA-H) to develop novel technologies for precise tumor removal. ARPA-H is a federal funding agency established by the Biden-Harris administration to rapidly advance high-impact biomedical research centered around preventing, detecting, and treating cancer and other diseases.

Using its ARPA-H award, the team, led by Emad Boctor of the Whiting School of Engineering and including collaborators from Johns Hopkins’ schools of Engineering and Medicine, the University of Texas Southwestern Medical Center, the National Institutes of Health Clinical Center, and industry will develop a novel, non-contact photoacoustic endoscope that promises to provide an information-enhanced view of the surgical field without altering surgeons’ workflows. When used with the team’s proposed multi-cancer fluorescent contrast agent, the endoscope will help surgeons identify and remove any remaining microscopic cancer remnants during tumor removal procedures.

The team will also use existing fluorescent dyes in combination with their novel photoacoustic endoscope to visualize critical anatomical structures, allowing surgeons to “see” deep into human tissue to reveal hidden blood vessels and nerves so that they are not accidentally damaged during such procedures.

This project is one of several nationwide chosen for funding of up to $150 million total from the ARPA-H Precision Surgical Interventions (PSI) program, which is part of the broader Biden-Harris administration’s Cancer Moonshot initiative.

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SAllain2

WBJ: Virginia Tech taps D.C. incubator leader Sally Allain for new role

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SAllain2By Sara Gilgore – Staff Reporter, Washington Business Journal Aug 21, 2024 – Sally Allain, the inaugural head of Johnson & Johnson Innovation’s D.C. incubator, has left her position after more than four years — to grow Virginia Tech’s health sciences research enterprise.

Allain, a longtime J&J exec who built up and led the local JLabs hub that planted roots on Children’s National Hospital’s Walter Reed campus in spring 2019, stepped away this month, announcing her departure in a LinkedIn post. She’ll start with Virginia Tech next week as chief health sciences growth and innovation officer, a newly created position charged with spinning out technology companies and tapping big-name partners across sectors.

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Rentention

Falls Church’s Retension Pharmaceuticals Closes $10.4 Million Oversubscribed Series A to Fund Clinical Trials for Patients Suffering from Resistant and Uncontrolled Hypertension

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RententionFALLS CHURCH, Va.–()–Retension Pharmaceuticals, Inc. is pleased to announce the successful closing of its Series A $10.4 million financing round to initiate a well-powered and controlled Phase 2 clinical study in patients with hypertension uncontrolled on two or more antihypertensives.

Retension Pharmaceuticals is a clinical-stage therapeutic development company focused on developing innovative treatments for hypertension and cardiovascular disease. The company’s lead drug candidate, RTN-001, a second generation PDE5 inhibitor, was designed to target the tissues of the higher vasculature by the company’s CSO and Co-Founder, Dr. Paul Sweetnam, overcoming the limitations of first generation PDE5 inhibitors in the hypertension space. According to the WHO, it is estimated that hypertension affects 1.28 billion adults worldwide, of whom only 21% have their hypertension fully under control. In prior clinical trials, RTN-001 has been studied in over 265 human subjects, including two Phase 2 studies in patients with uncontrolled hypertension. In these studies, RTN-001 was shown to be well tolerated and demonstrated clinically significant blood pressure lowering effects.

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