care-logo

Care.com, the site that matches users with childcare, pet care and related services, announced today that it has raised a whopping $50 million in Series E funding, led by Institutional Venture Partners. The round was joined by Matrix Partners, New Enterprise Associates and Trinity Ventures.

Founded in 2006, the Waltham-based company has upwards of seven million users in 15 countries.

connelly-deirdre

 

Deirdre Connelly '83 will take the helm as president and CEO of Human Genome Sciences following the company's acquisition by GlaxoSmithKline, one of the world's leading research-based pharmaceutical and healthcare companies.

HGS, headquartered in Rockville, Md., exists to place new therapies into the hands of those battling serious diseases.

Montgomery County ED

TOPIC:  U. S. Federal Technology Transfer and the FLC: Identifying and Accessing Federal Lab Technologies Available for Partnering

DATE: August 8, 2012

LOCATION: Shady Grove Innovation Center 9700 Great Seneca Highway Rockville, Maryland 20850

PRESENTER: Gary K.Jones Washington DC Representative  Federal Laboratory Consortium for Technology Transfer

Each year approximately $30 billion in intramural research and development occurs at hundreds of U.S. federal labs, across government in all sectors (defense, energy, health, transportation, etc.).  These labs and research institutes are charged with the mission of transferring the results of that federal research investment to the private sector, promoting economic growth, meeting societal needs, and enhancing U.S. competitiveness.  The Federal Lab Consortium (FLC) plays an important role in assisting that effort.  This session provides: 1) an overview of U.S. federal tech transfer; 2) the role of the FLC in supporting that mission; 3) how to identify and access federal lab partnering and collaborating opportunities; and 4) recent policy and legislative initiatives focused on tech transfer.

care-logo

Care.com ( http://www.care.com ), the largest online care destination in the world, today announced the closing of $50 million in new funding. The financing was led by Institutional Venture Partners (IVP) and joined by existing Care.com investors - Matrix Partners, New Enterprise Associates and Trinity Ventures - among others.

Founded in 2006, Care.com has raised $61 million in previous rounds of financing. The Company, which has approximately 7 million members in more than 15 countries, allows families to connect with millions of caregivers to help manage the lifecycle of care challenges families face: childcare, including special needs, senior care, pet care, housekeeping, tutoring, and more. Earlier this year, Care.com embarked upon an international expansion campaign which to date has included the acquisition of Berlin-based Besser Betreut, the largest online care portal in Europe, and the launches of Care.com in the UK and Canada.

Scott Dagenais

 

BioHealth Innovation, Inc. (BHI), a regional private-public partnership focusing on commercializing market-relevant biohealth innovations and increasing access to early-stage funding in Central Maryland, announced today the appointment to its Board of Directors of two Baltimore-based business leaders: M&T Bank Corporation Senior Vice President/Regional President Baltimore Scott E. Dagenais and Ernst & Young's Baltimore Office Managing Partner Jay S. Ridder.

"As the first Central Maryland intermediary created to connect Baltimore's strengths in university and hospital biohealth research with the bioscience industry and federal lab assets in Montgomery County, it is important for the BHI Board to have leadership and representation from both parts of our region," said Scott Carmer, BioHealth Innovation, Inc. Chairman of the Board and MedImmune Executive Vice President of Commercial Operations. "I am pleased to welcome Scott and Jay to the BHI Board.  They will both bring valued expertise from the Baltimore community and also provide depth in commercial banking and accounting experience."

umd-bio-park

The University of Maryland BioPark announced today that Baltimore BioWorks, Inc., a vocational bioscience training firm, has signed a lease to join the BioPark and its expanding group of commercial tenants. With this agreement, Baltimore BioWorks has opened corporate offices in the BioPark’s BioInnovation Center located at 801 West Baltimore Street in Baltimore.  

“Adding Baltimore BioWorks as one of our new commercial tenants is very exciting for us as workforce readiness is critical in the life sciences industry,” said Jane Shaab, University of Maryland Research Park Corporation Senior Vice President. “We are seeing increased interest in the BioPark from many types of bioscience-related companies. As a result, we have a great mix of tenants who range from emerging life science companies to training and educational resource firms to outsourced research and clinical services providers.”

guard

When you’re neck deep in starting a new business, you may not take the time to properly protect your inventions. As a result, you could see your intellectual property stolen or you could be sued for inadvertently stealing the intellectual property of others. Here are five easy tips on how to quickly develop an intellectual property strategy, specifically with respect to patents.

1) Give each team member an information disclosure form

The first key step to getting a patent is identifying ideas that are potentially novel and inventive. Discovering and understanding your employees’ inventions as early as possible will enable your patent lawyer to draft earlier applications with more accurate and comprehensive disclosures, which means stronger patents. Circulating an information disclosure form to your team will help your startup learn about technology being created internally.

NewImage

Every industry needs its anchors, the companies that everyone looks up to as models of success. Think Apple, GE, Boeing. Biotech is no different, as it has been defined by trailblazers like Genentech, Genzyme, and more.

But if you look around, biotech is clearly losing its anchors. And this worrisome trend isn’t just happening in one or two places—it is playing out in most every regional cluster where the industry has grown up in the past 30 years.

Maryland

Most of the $25.5 million in venture capital pumped into Maryland businesses in the second quarter went to just two companies and was primarily focused on later-stage firms, according to a new report.

The $25.5 million total, which was split among eight companies, was the smallest quarterly total in almost 16 years, according to the new MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.

Qiagen

Qiagen has published its financial results for the second quarter of 2012, during which it experienced a strong increase in sales.

The company's net sales rose by nine percent year on year to reach a total of $307.2 million (197.67 million pounds), with growth observed across all regions and customer classes.

Molecular diagnostics and applied testing product sales were noted as being particularly robust, while the firm was also able to expand through the acquisition of Cellestis, Ipsogen and AmniSure.

human-genome-sciences

GlaxoSmithKline plc (LSE: GSK) today announced that it has completed its acquisition of Human Genome Sciences (NASDAQ: HGSI) for US$3.6 billion on an equity basis, or approximately US$3 billion net of cash and debt. All outstanding shares of HGS were acquired for US$14.25 per share in cash.  

The subsequent offering period for GSK’s tender offer for HGS shares expired at 5:00 pm, New York City time, on 2 August 2012.  The depositary for the tender offer has advised GSK that approximately 174,430,970 shares were validly tendered and not withdrawn during the initial and subsequent offering periods (including shares that had been tendered by notice of guaranteed delivery and subsequently delivered), all of which have been accepted for payment and purchased.  Such shares, together with shares otherwise beneficially owned by GSK, represent a total of approximately 87% of HGS’ outstanding shares.

pres-log-md

What do I do after I graduate? That is never an easy question, but the July 19 Diamondback article, “Students struggle to find jobs after graduating with Ph.D.s in sciences,” suggests it might be even harder to figure out.

The article cited a recent survey showing 45 percent of computer, mathematical and natural sciences school graduates had accepted full-time employment after graduation. It stated, “CMNS Associate Dean Robert Infantino said job shortages coincide with the health of the economy and that the government must increase its investments in research and technology.”

itec-talk

A Review of the Federal Government's Entrepreneurial Initiatives
Monday, August 13, 12:00 pm to 12:30pm ET

Richard Bendis and Nish Acharya will talk about the innovation and entrepreneurship programs in Federal Government today. Nish will also discuss briefly the status of the EDA i6 competition and the noticeable increase in the quality of the proposals.

They will speak about the paradigm shift in the EDA programs from a "Bricks and Mortar" focus (hard) to a more innovative programmatic focus (soft) on innovation, commercialization and entrepreneurship.

They will also discuss the convergence of Universities, Government/ NIST and industry in the formation of private/public/partnerships to implement strategic innovation based economic development initiatives on a regional basis.

healthtech

If you thought buying stock in mobile health (mHealth) companies was a good idea, it is. But if you decided to invest in the overall digital health sector - which includes mHealth, B2B apps and consumer services such as ZocDoc – you’d be brilliant. And, probably very rich.

Private financing by venture capitalists more than tripled in the first half of 2012, according to a study by financial services company Burrill & Company, as reported by Richard MacManus at ReadWriteWeb. This follows a June report from nonprofit foundation Rock Health that showed "skyrocketing" VC funding in the healthcare sector.

Incubator

Did you know that the first business incubator was started in Batavia, N.Y., in 1956? Joseph Mancuso was the founder, and after seeing newly hatched chicks running around from one of his portfolio companies, he coined the business “incubator”. From there on out business incubators started gaining popularity. There are currently 1,200 in the U.S. They have caught the attention of local governments and universities interested in retaining entrepreneurial talent. An example of this is LaunchHouse’s partnership with the city of Shaker Heights.