– Winner to be announced during 2017 BioHealth Capital Region Forum –
ROCKVILLE, MARYLAND, April 11, 2017 – Five companies have been selected to present in front of a panel of judges consisting of industry leaders during the 2017 BioHealth Capital Region Forum, April 19-20 at the MedImmune campus in Gaithersburg, Maryland. Founded by BioHealth Innovation, Inc. (BHI) and MedImmune in 2016, the Crab Trap Competition focuses on companies in therapeutics, diagnostics, medical devices, healthcare services, e-health, mobile health, electronic medical records, health informatics, and biohealth cyber security. The grand prize this year is $10,000, incubation space in either Prince William County, VA or Montgomery Country, MD, and business mentoring. The 2nd Annual Crab Trap Competition is sponsored by Wilson Sonsini Goodrich & Rosati. Last year’s winner of the Crab Trap Competition was Sonavex, Inc., a Johns Hopkins University spin-off simplifying point-of-care ultrasound imaging to increase its utility.
The 2017 finalist Companies are:
AgamiLife - The first company to isolate and preserve mesenchymal stem cells obtained during routine tonsillectomies.
Aperiomics - A high-tech biotech company focused on improving infectious disease diagnostics.
LifeSprout - Developing the next-generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine.
miRecule – Invented a novel platform for discovering miR mimetics for treating heterogeneous multi-drug resistant (MDR) tumors.
Seraxis – A private biotech company developing a cell replacement therapy for insulin-dependent diabetes.
About BioHealth Capital Region
The BioHealth Capital Region (BHCR) consisting of Maryland, Virginia, and Washington, DC is the prominent BioHealth cluster in the Mid-Atlantic. The BHCR encompasses more than 800 life sciences companies, over 70 federal labs and world-class academic and research institutions. According to Genetic Engineering News (May 2016), the BHCR is ranked 4th in Top Biopharma Clusters in the country. The BHCR brand represents collaboration among leading stakeholders with a collective goal to make the BHCR a top 3 biohealth cluster by 2023. http://www.biohealthcapital.com/