Larger medtech companies have traditionally shied away from investing in the pediatric market, but the landscape is changing. In the last year alone, we witnessed the passage of the 21st Century Cures Act and the signing of the FDA Reauthorization Act (FDARA 2017) into law. The industry is ripe for innovation and these legislative advances present new opportunities to connect innovators with the investment community.

One week until Beta City! Join Betamore + Sagamore Ventures on September 28 for Maryland's annual celebration of entrepreneurship + technology. Beta City brings together Baltimore's greatest minds for a day full of pitches, startup demos and a celebration of our growing community.

Thursday September 28, 2017 6:00 PM - 8:00 PM

Brewer’s Alley 124 North Market Street Frederick, MD 21701

Leave the stress of your work day behind and come join friends and colleagues at MTC’s Young Professionals Society networking event. Join us in Frederick for light hors d'oeuvres and a cash bar. 

YPS advances young professionals through leadership and professional development, networking opportunities, educational events and community outreach. The society strengthens the life science and technology communities in Maryland by providing an opportunity for collaboration among these two industries.

This group is designed for MTC members 35 years and under. We look forward to seeing you soon!

Greater Washington has no shortage of respected leaders, and some of them are among the world’s most revered.

Welcome to ARP Network Quarterly Notes! Our goal is to keep you informed about ARP Network and Agricultural Research Service’s current information. We hope that the notes build networking opportunities for businesses to connect with ARP Network Members. Please help us spread the word by sharing ARP Network Notes statewide with your company contacts, colleagues, other organizations, etc. Thank you!

What is Philips HealthWorks? As a venture capital fund, what qualities do you look for in a partner?

While the Philips HealthWorks team is linked to our Health Technology Venture Fund team at Philips, we see ourselves, first and foremost, as defining a new model for innovation community engagement. Think of Philips HealthWorks as a new front door for early-stage companies to collaborate with our global company.

The Emmes Corporation today announced that it is the new corporate sponsor of Leadership Montgomery's Corporate Volunteer Council. 

The grant from Emmes will help Leadership Montgomery add new business partners, help existing partners increase the number of employee volunteers, and match volunteer interests with the needs of area non-profit and charitable organizations.

Institute for Bioscience & Biotechnology Research 9600 Gudelsky Drive Rockville, MD, Maryland 20850

Wednesday, October 4, 2017 from 6:00 PM to 8:00 PM (EDT)

As physicians, scientists and entrepreneurs, sometimes we believe that we can do it all, only to find out that our attempts at practicing law, accounting or financial strategy are many times misguided. Come and learn from experts in the field about the obstacles and opportunities that are ahead of you and how best to navigate these choppy waters!

CEL-SCI Corporation (NYSE American: CVM) announced today that it has been awarded a new Phase II Small Business Innovation Research (SBIR) grant by the National Institute of Arthritis and Musculoskeletal and Skin Diseases entitled “Preclinical studies of PG70 LEAPS peptide vaccine for rheumatoid arthritis”. The grant in the amount of approximately $1.5 million will provide funding to allow CEL-SCI to advance its first LEAPS product candidate, CEL-4000, towards an Investigational New Drug (IND) application, by funding GMP manufacturing, IND enabling studies, and additional mechanism of action studies.

Martine Rothblatt, Chairman and Chief Executive Officer of United Therapeutics Corporation (NASDAQ: UTHR) is featured in Forbes magazine's special centennial issue, released today, as one of The World's 100 Greatest Living Business Minds. In celebration of its 100th anniversary, Forbes magazine's collector's edition features essays, lessons and ideas for the next 100 years from today's most influential business leaders around the world. 

When a hospital needs to rush a delivery from a lab somewhere else in a densely populated city–for example, when a surgeon needs an urgent biopsy of a tumor in the middle of a surgery to determine how much tissue to remove, or a gunshot victim in the ER needs blood that the hospital doesn’t have in stock–that delivery can sometimes get stuck in traffic. Couriers are also expensive. In Switzerland, hospitals and labs will soon begin using drones to make those deliveries instead.

When: Tuesday, October 17, 2017 from 5:00 PM to 7:00 PM EDT

Where: 7 Locks Brewing 12227 Wilkins Avenue Rockville, MD 20852

Join BioBuzz along with Double Helix Sponsor CRB and event sponsor ISPE-CBA as we visit 7 Locks Brewing in Rockville for this special networking event. The Science of Beer was created when we learned that many scientists and bbrewers. This is our opportunity to bring our members and brewing professionals together to network and sample some of the tastiest beers. This event has a limit on registration. please don't sign-up unless you are certain to attend!

Start here. That all-encompassing theme reverberated across Johns Hopkins Technology Ventures’ efforts to bring the benefits of discovery to the world in fiscal year 2017.

Angle plc, a liquid biopsy company, has secured a valuable partnership with molecular testing giant Qiagen and an exclusive option agreement with Queen Mary University of London. Angle is known for Parsortix, its novel system for capturing and harvesting circulating tumor cells (CTCs) from blood.

There’s a new “I-Team” in Baltimore City Hall.

The innovation team which was funded by Bloomberg Philanthropies earlier this year began work recently.

Top pharma execs at the marquee companies don’t really retire. Some segue quite naturally into venture capital, where their contacts and heavyweight industry reputations can facilitate the growth of little biotech companies at a time the VC crowd is enjoying a prolonged and popular boom.

The 2018 FLC Awards is now open for nominations. One of the most coveted honors in the technology transfer field, the FLC awards have been presented to over 200 federal laboratories since their inception in 1984. Many of our winning technology transfer efforts have gone on to become products and devices that are indispensable in our daily lives.

A research team will be using the funds to design a bioreactor that can extend the lifespan of an organ outside the body.

DayZero: Cybersecurity Law and Policy It is no secret that Silicon Valley and Washington have dramatically different workplace cultures and attitudes toward risk and technology. In the valley, savvy entrepreneurs look to disrupt the status quo. Meanwhile in Washington, many of our elected representatives and government personnel are stuck decades in the digital past, forced to use equipment that would be better housed in a museum. This divide inhibits the country’s ability to respond effectively to long-standing problems such as vulnerable critical infrastructure and to adapt in light of new threats such as election interference operations and loss of advanced intelligence capabilities. Washington needs to boost its technical chops and find new ways to recruit private-sector talent.

If it wins the federal OK, the company hopes to debut the late-stage drug candidate on the market within the next two years.

Margaret Anderson, formerly executive director at Washington-based FasterCures, has joined Deloitte Consulting LLP as a managing director for federal health practice.

Deloitte said Monday Anderson will oversee the firm’s health outcome improvement efforts through the advancement of platforms and collaboration with stakeholders across federal health, life sciences and nonprofit sectors.

COMPANY:  Machfu

LOCATION:  Germantown Innovation Center

FOUNDED: 2015

OVERVIEW: Machfu simplifies the complex landscape of Industrial Internet of Things (IIoT) by easily connecting data at the edge to IoT databases in the cloud for business analytics. Machfu grew out of a simple idea: that developing and maintaining applications in the industrial IoT world should be as easy as it is in the desktop world or the smartphone world.

GOAL: The company’s short-term goals are to create as much awareness as possible among the industries that having a standardized edge platform will bring substantial value. The less developers have to worry about the underlying plumbing in developing applications, the faster innovation can occur.  The long-term goal is to reduce the enormous system integration inefficiencies that exist in bringing industrial sensors and controllers to participate in the Internet-of-Things.

PIPELINE: Machfu has secured its first major OEM customer win – S&C Electric Company based in Chicago. The win validates the need for the company’s technology and the value it will bring to the end customers which are the utility companies. Machfu is using this win as a template in our discussions with other major OEMs.

FUNDING:  Machfu has secured its first institutional round. The funding will help with staff expansion and growth plans.

Q&A WITH CEO PRAKASH CHAKRAVARTHI:

The backstory of Machfu is interesting partially because part of your team has been working together for over 15 years. How did you decide to launch this company together?

The team has been together for over 15 years. We founded Eka Systems in 2001 and were one of the pioneers in mesh networking for the advanced metering market that grew big after the ARRA funding from the federal government. After Eka was sold to Cooper Power in 2010, the core team wanted to stay together and we founded a consulting company called Captiva to architect and implement IOT solutions for Fortune 500 clients. Our team has deep expertise in embedded systems as well as the business needs of many industrial segments such as Utilities, Building Controls, Oil & Gas, Water and others. During the course of consulting we realized our true DNA was in products.

Another realization that dawned on us was that we were solving the same problems over and over again. This is due to the fragmented nature of the industrial markets that were leading to tremendous market inefficiencies in system integration. Due to our depth in the technology and business needs of this space, we created Machfu with the aim of democratizing the space.

You recently lined up SBIR and Ventures funding. What can you tell us about those?

The Department of Energy awarded us the SBIR grant to create a software development kit that would enable rapid creation of new and innovative applications in the smart grid market. The office of Electricity Reliability and Energy delivery has a mission to secure the US grid and transition the legacy technologies and work flows to modern ways using web services that will bring substantial value. The transition must happen gracefully as there are trillions of dollars in deployed assets. Machfu’s platform paradigm fits nicely with this vision.

What attracted you to the Germantown Innovation Center?

Most of us live in this area and it made sense to apply to the Germantown Innovation center. At that time Ruth Semple and John Korpela who were managing the incubator companies were very supportive of our effort and understood what we were trying to accomplish. They continued to encourage us as our business model and plans evolved. We should be graduating soon and the experience as early stage entrepreneurs in this facility—now under the management of BioHealth Innovation--has been wonderful.

How do you feel about the present startup environment for technology companies in Maryland?

Maryland is an excellent place for early stage entrepreneurs. If you combine all the incubators, mentorship and promotion opportunities available from organizations such as BioHealth Innovation and the Maryland Technology Council with the early stage funding available from TEDCO and other sources, it is certainly a premier location for a technology startup in the US. What is lacking is the next level beyond the early stage. The eco-system for post early stage companies is not yet as robust as Boston or the Bay Area.

Where do you see your technology having the biggest impact?

Machfu’s technology will have the biggest impact in industries that rely on legacy protocols for communication. These include industries such as the utilities, oil & gas, water infrastructure, industrial automation etc. These industries rely on protocols such as Modbus and DNP that were developed a few decades ago prior to the Internet or modern security needs but are still being deployed today. The economics of transitioning these device to modern ways is staggering and yet the value capture is much needed.

What were the main challenges you faced when starting Machfu?

Some challenges are similar to what all entrepreneurs face – which is being under capitalized with a vision and no product. There are specific challenges when dealing with the Industrial space. The sales cycles are long and there is a large inertia in changing or even thinking beyond established ways of doing things. In addition, the early stage capital market has a lesser understanding and familiarity with the Industrials.

What makes Machfu different from other companies in the same market space?

Machfu’s team has extensive experience in engineering and management leadership in wireless and embedded software technology. The team has been working together in the IoT space for the last 15 years and has the rare combination of IoT vertical markets and embedded systems experience.

What are some of the current inefficiencies in your industry?

What we have in the market today are 50+ IoT cloud platforms. However, there is a lack of a device platform with standard APIs and segmented tool chains. Historically the IoT market (previously referred to as M2M, sensor networking etc.) has been a silo’d and fragmented market where a potpourri of hardware and software platforms were used by industrial OEMs (original equipment manufacturers) to address a particular business need. Very often one business unit within a company would implement a different hardware-software platform from another business unit within the same company. This device fragmentation is referred to as “million platforms with a hundred users each”. With a projected growth in revenues from $12B to $69B over the next decade for the industrial IoT, creating a standardized device platform will fulfill a substantial market need.

What are the near-term milestones for Machfu? When should we next expect to hear about the company?

The near term milestones are to secure a few more customer wins in the next couple of quarters.

What specific advice would you offer to a first-time entrepreneur?

I wish there was a universal secret sauce. Each adventure is unique. But I would broadly say “If you believe in it, stick with it, put together a team around yourself where the whole is much larger than the sum of the parts and find experienced mentors who believe in you.”

Learn more about Machfu at http://www.machfu.com/.  Learn more about BioHealth Innovation and the Germantown Innovation Center and other resources at www.BioHealthInnovation.org. This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. are available to answer your Innovation Center related questions.

ConverGene is pleased to announce that it has entered into a collaboration with The University of Texas MD Anderson Cancer Center (“MD Anderson”) to characterize ConverGene’s first-in-class dual inhibitor of BET bromodomains and dopamine receptor 2, in ovarian carcinoma.   Work will be done under the guidance of Dr. Sherry Wu in the laboratory of Dr. Anil Sood. The program will advance in 2 distinct phases. First the unique mechanism of action of the ConverGene lead compound will be assessed in vitro then clinically relevant activity will be determined utilizing in vivo model systems developed in the Sood lab.

A trade and diplomatic mission to South Korea led by officials from the Maryland Department of Commerce and the Maryland Secretary of State’s office concluded the evening of Friday, September 8, 2017, with a reception at the U.S. Ambassador to South Korea’s residence in Seoul.

The Pinkney Innovation Complex for Science and Technology is located on the Montgomery College Germantown Campus. We're also known as PIC MC. The College is ideally situated in Montgomery County, Maryland, within the Washington, DC metropolitan region.

The area is home to more than 350 bioscience companies and key federal institutions, including the National Institutes of Health, the Food and Drug Administration, the National Institute of Standards and Technology, and the Walter Reed Army Institute for Research.

Surrounded by woodlands, the site provides immediate access to the I-270 technology corridor. The park is currently being developed to accommodate life sciences, cybersecurity, and other technology companies.

Shuttle Pharmaceuticals, Inc. (USA) and POLA Pharma Inc. (Japan), today announced agreement to license the U.S. rights for doranidazole, a hypoxic cell radiation sensitizer, for clinical development in treating cancers in combination with stereotactic body radiation therapy (SBRT).  SBRT is used to deliver large doses of radiation in a few treatments with precise targeting of cancers. Current radiation dose limitations, due to sensitive normal tissues that may surround a tumor, support a role for radiation sensitizers to enhance the effectiveness of radiation. Clinical trials to determination safety and efficacy of the combination of doranidazole and SBRT are proposed for treating patients with pancreatic, lung and liver cancers.

In the conference room of a spacious loft office near 30th Street Station, Usman “Oz” Azam and Michael Christiano huddle for a meeting. They’re CEO and chief business officer, respectively, of Tmunity Therapeutics, a start-up launched to commercialize some breakthrough research out of the University of Pennsylvania — a method of reengineering a patient’s own immune system cells so they can destroy cancer tumors.

Emergent BioSolutions Inc. (NYSE:EBS) today announced that it has been awarded a contract valued at approximately $63 million by the Biomedical Advanced Research and Development Authority (BARDA) to develop an antidote spray device for the treatment of known or suspected acute cyanide poisoning. The single-use intranasal spray device will deliver a stabilized form of isoamyl nitrite (SIAN) and is intended for use by first responders and medical personnel following a cyanide incident.

The greatest economic development sweepstakes in the country is underway and Montgomery County officials are hoping the county can be a player.

Amazon is searching for a second headquarters site to house as many as 50,000 employees, at an expected cost of $5 billion to construct. The footprint for the new headquarters would be up to 8 million square feet by 2027 and an initial 500,000 square feet by 2019.

When Knox Singleton first took the helm at Inova Health System in 1984, Mobil Corp. was still building its campus — the first major corporate headquarters ever landed by Fairfax County — on the massive wooded lot just across the street from the health system's Fairfax hospital.

ConverGene has entered into a Sponsored Research Agreement with University of Maryland, Baltimore. Under this agreement University of Maryland School of Medicine Professor Curt I. Civin, M.D., who is associate dean for research and director of the Center For Stem Cell Biology & Regenerative Medicine, will investigate the in vivo anti-leukemic effects of ConverGene’s lead drug candidates, CG223 and CG250. Acute Myelogenous Leukemia (AML) is a likely first disease target for these compounds.

The company just received a Series A investment from VSP Global, one of the country’s largest networks of vision doctors.

Cancer Prevention Pharmaceuticals, Inc. (CPP), a private biotech company developing novel therapeutics to prevent cancer and other diseases, announced today that the U.S. Food and Drug Administration (FDA) has granted “Fast-Track” status for its lead drug CPP-1X/sul for adults with familial adenomatous polyposis (FAP), which is currently in a Phase 3 clinical trial. FAP is a rare genetic disease that if left untreated progresses to colorectal cancer in nearly 100% of patients. Currently there is no effective treatment for FAP.

Flagship Pioneering (fka Flagship Ventures), a Cambridge, MA-based life sciences venture capital firm, is seeking to raise $500m for its latest fund.

Congressional lawmakers from both parties have rejected the Trump administration's proposals to cut spending for NIH, and have joined forces to increase spending on biomedical research.