Biohealth Innovation
Mr. Hakdo Kim, President, Korea SMEs & Startups Agency KOSME), joins Rich Bendis from the BHI Offices to discuss their biotech mission, their relationship with Maryland, and opportunities to expand in the United States
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University of Maryland School of Medicine (UMSOM) Dean E. Albert Reece, MD, PhD, MBA, announced today that UMSOM has been awarded $1.25 million in matching funds from the Maryland E-Nnovation Initiative Fund (MEIF), administered by the Maryland Department of Commerce. The funds, totaling $2.5 million when combined with private philanthropy, will enable the establishment of a new Center for Pathogen Research. They will also enable UMSOM to support research professorships in the Department of Microbiology and Immunology and the Department of Neurology.
The Alicia and Yaya Foundation made a $750,000 philanthropic commitment to establish the Alicia and Yaya Foundation Professorship in Pathogen Research in the Department of Microbiology and Immunology. Matching state funds bring the total to $1.5 million, which will establish an endowed professorship for Matthew Frieman, PhD, associate professor of Microbiology and Immunology at UMSOM. He will also serve as the director of a new Center for Pathogen Research.
Danae expands its 3-D Print manufacturing capacity, adds access to unique 3D printing technologies from Materic
October 21, 2021, Baltimore, MD – Danae, Inc., a Baltimore-based 3-D Printing design and manufacturing company, today announced it has partnered with Materic, LLC and received investment from Conscious Venture Partners through their Conscious Venture Fund II.
Located at Baltimore’s 1100 Wicomico, Danae has used this investment to install eight new printers to meet its rapidly growing customer demand. The new machines extend Danae’s capabilities allowing them to manufacture parts using Selective Laser Sintering (SLS) or Stereolithography (SLA) technologies. SLS uses a laser to transform powder into a 3D model whereas SLA uses a laser to cure liquid resin into hardened plastic.
GYEONGGI-DO, Korea & GAITHERSBURG, Md., October 19, 2021--(BUSINESS WIRE)--D&D Pharmatech Inc., a clinical-stage biotechnology company focused on development and commercialization of revolutionary medicines, and parent company of U.S.-based Neuraly Inc., Precision Molecular, Inc., Theraly Fibrosis Inc., P4Microbiome and Valted Seq, today announced that it has completed a $51 million Series C round of financing led by Praxis Capital Partners, a private equity firm that focuses on growth acquisitions and investments in Asia; other investors included DS Asset Management, Kudos Ventures and Korea Investment & Securities. The new round of financing builds upon the $137.1 million the company secured in Series B financing in August 2019. The company is planning an initial public offering in Korea in 2022.
ROCKVILLE, MARYLAND, Oct 18, 2020 – The Board of Directors of BioHealth Innovation, Inc. (BHI) unanimously approved the appointment of Aubrey Watkins III, Ph.D., M.S. as a new board member. Aubrey Watkins III is a Senior Director, Corporate Development, Scientific Affairs, with Emergent BioSolutions Inc. in Gaithersburg, Maryland; where he leads due diligence and technical evaluations to facilitate mergers and acquisitions that supports the company’s growth strategy. BHI would also like to congratulate Board of Directors members Jarrod Borkat as he takes a new role at CareDx as Vice President Corporate Development, and Bob Silverman in his new role as Chief Business Officer with Rejuveron Life Sciences.
“I am delighted to welcome Aubrey to our Board of Directors,” said Richard Bendis, BHI President, and CEO. “BioHealth Innovation and Emergent BioSolutions have had a long and productive relationship. We look forward to having Aubrey as a part of this Board to share his experience and perspective.”
Leaders from the BioHealth Capital Region welcome the over 1,000 registrants to the 7th Annual BioHealth Capital Region Forum.
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Divya Chadha Manek was appointed as the NIHR CRN’s Head of Commercial Business Development in 2015 then in 2020, Divya was seconded to the UK Vaccines Taskforce (VTF) which was set up in response to the COVID-19 pandemic to lead the UK’s search for a safe and effective vaccine. Divya was responsible for supporting global pharmaceutical companies to rapidly generate the evidence required for marketing authorisation of COVID-19 vaccines. Divya also played a pivotal role in conceptualising and developing the NHS Vaccine Research Registry.
BioHealth Innovation (BHI) is an innovation intermediary that facilitates the commercialization of emerging technologies in the BioHealth Capital Region (Maryland, DC and Virginia).
BHI is seeking a Life Sciences Business Strategist to join its team in Rockville, Maryland. This position provides the opportunity to leverage scientific knowledge to evaluate the commercial potential of emerging technologies and provide recommendations on go-to-market strategies.
This is a customer facing role with a focus on supporting clients in the development of commercial analyses and federal grant proposals.
Medical devices are ubiquitous in US healthcare— everything from the delivery room’s sterile gloves and umbilical cord clamps to the breathtakingly sophisticated neurosurgical operating room’s stereotactic navigation systems. More than ever medical devices are a fusion of hardware, software, and even synthetic living material. These are the physical tools through which new life science discoveries improve our lives.
TYSONS CORNER, Va., Oct. 12, 2021 /PRNewswire-PRWeb/ -- As of late September, 77% of the total adult population of the U.S. had received at least one dose of a COVID-19 vaccine. Black and Hispanic people, however, remain less likely than whites to have received a vaccine, leaving them at increased risk of infection, particularly as the novel variant spreads.(1) Some of this hesitance to vaccination, notes Dr. Harsha Rajasimha, founder and CEO of Jeeva Informatics, is rooted in long-lost trust. "We see it in clinical trials as well," he says. "Black and brown people need the medicines and therapies being developed but are less inclined to trust the professionals who develop them." This is unfortunate.
Baltimore, Md. (Oct. 12, 2021) – State of Maryland leaders will join University System of Maryland (USM) Chancellor Jay A. Perman at 1 p.m. Friday, Oct. 15 to celebrate the unveiling of the Academic & Innovation Center for the University System of Maryland (USM) at Southern Maryland (USMSM) in California, MD.
The new Southern Maryland Autonomous Research and Technology (SMART) building is an $86 million, 84,000-square foot academic and research facility that will nearly double the educational footprint of USMSM, create autonomous systems research space, and spur economic activity and job growth.
Image: https://www.usmd.edu
Benjamin Glenn of A Matter of Innovation sits down with Jennifer McCaney PhD, (Co-Executive Director UCLA Biodesign) and Kwame Ulmer, MD (Venture Partner Wavemaker Three-Sixty Health and BHI/NIH Entrepreneur in Residence) to discuss the new UCLA Biodesign curriculum and their landmark study which asks the question:
“What does it take to bring a novel medical technology to market in the year 2021”?
Topics include how companies large and small are currently dealing with regulatory and reimbursement, the current palette of investment strategies and the possible trend towards a US first launch strategy as the norm. The study so far has produced insightful data on medtech companies owned and operated by people of color and the detailed novel solutions borne out of experiences unique to these communities - as well as the benefits of a fresh focus on addressing unmet clinical needs as a wellspring for powerful new innovations, essential data and a better future for all.
John Mumm, the chief executive officer of Germantown’s Deka Biosciences, describes the body’s immune system as a ballet. While the dancers take the stage and command attention, Mumm notes that it’s the symphony that guides the performance and dictates where the dancers need to be.
What Does a Successful Submission Look Like?
BALTIMORE, Oct. 14, 2021 /PRNewswire/ -- The Wrightguard Innovations Corporation (TWGIC), a University of Maryland, Baltimore (UMB) startup company developing smart mouthguard technology designed to protect athletes, announced today that the National Science Foundation (NSF) has awarded the company an SBIR grant totaling more than $250K.
Developed by the University of Maryland's School of Dentistry (UMSOD) faculty member Radi Masri, DDS, MS, PhD, and Michael Wright, DDS, MS, CEO and founder of TWGIC, the technology is a smart mouthguard with physiological tracking capabilities that provides real-time monitoring for a variety of biometrics, such as force of impact, pH and hydration levels, as well as body temperature. Currently in the prototyping and beta testing phase, the technology can be used to collect multi-sensor data in real time, enabling more advanced physiological analysis and a new level of safety and performance for athletes.
Exits top $582 billion as US VC continues its extraordinary year
In nine months, the US venture capital industry turned 2021 into a year for the record books, leaving 2020's eye-popping numbers far behind.
The Q3 2021 PitchBook-NVCA Venture Monitor depicts how the frenetic pace of dealmaking, exits, and fundraising has easily toppled last year's records, as venture capital's strength continues to support the country's economic recovery.
For our Dutch-speaking following, there is a podcast available with our CEO Paul Vulto. In this podcast series “Pioneren in de polder”, different entrepreneurs talk about starting and growing their company in the Leiden Bio Science Park. Listen to the podcast to hear about the origin story of MIMETAS, our launching customer, and of course Paul’s musical talents! e
GAITHERSBURG, Md., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE:EBS) today announced the first participant dosed in its pivotal phase 3 study evaluating the safety and immunogenicity of the company’s investigational chikungunya virus (CHIKV) virus-like particle (VLP) vaccine candidate, CHIKV VLP, in a single dose. CHIKV VLP is the only VLP-based vaccine currently in clinical development for active immunization against chikungunya disease.
Are you a biohealth start-up in Maryland, DC or Virginia seeking feedback on your biohealth business idea, pitch deck, or commercialization plan? Schedule your feedback session with BHI EIRs on one of the following dates. Pre-registration is required; Sign up here tinyurl.com/EIRfeedback
For questions/more information, contact BHI.
ROCKVILLE, Md. and EMERYVILLE, Calif., Oct. 11, 2021 (GLOBE NEWSWIRE) -- Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN) and Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS), today announced a definitive agreement for Supernus to acquire Adamas through a tender offer for $8.10 per share in cash (or an aggregate of approximately $400 million), payable at closing plus two non-tradable contingent value rights (CVR) collectively worth up to $1.00 per share in cash (or an aggregate of approximately $50 million), for a total consideration of $9.10 per share in cash (or an aggregate of approximately $450 million). The first CVR, worth $0.50 per share, is payable upon achieving net sales of GOCOVRI® of $150 million in any four consecutive quarters between closing and the end of 2024. The second CVR, worth $0.50 per share, is payable upon achieving net sales of GOCOVRI of $225 million in any four consecutive quarters between closing and the end of 2025. The transaction is expected to close in late fourth quarter 2021 or in early first quarter 2022.
The transaction will provide Supernus with two marketed products: GOCOVRI (amantadine) extended release capsules, the first and only U.S. Food and Drug Administration (FDA)-approved medicine indicated for the treatment of both OFF and dyskinesia in patients with Parkinson’s disease receiving levodopa-based therapy; and Osmolex ER® (amantadine) extended release tablets, approved for the treatment of Parkinson’s disease and drug-induced extrapyramidal reactions in adult patients.
When Christine Dingivan took her first job in biotech, she assumed she would stay a couple years and go back to clinical medicine as a practicing surgeon. But when she discovered how much she loved research, that plan changed permanently.
“It all just came together for me, but it was not the career that I set out for when I went to medical school,” Dingivan says. “When you develop a new drug and it becomes available, whether it’s for cancer or an influenza vaccine or a pandemic — like the Covid-19 vaccines — you see the millions of people that have the opportunity to benefit from that work. You can only treat so many patients in one career, and I really felt like I was making a bigger impact in a way.”
Welcome Dr. Ilana G. Goldberg, Melissa Lawrence, Samantha Black, PhD, Somayeh Hooshmand, Priscilla Fussell, and Natsumi Takahashi-Vitiello, PhD to our WIB-Capital Region Leadership Team! We are so excited to work with you!
Will YOU be the next one to join our cause to improve the drug development process utilizing human-relevant tissue and disease models? We are looking for commercial and scientific talent to join our teams in the Netherlands and the USA! We are looking for people to join us in the following roles:
In Gaithersburg, USA:
In Oegstgeest, NL:
Do you see yourself shining in one of these roles? Apply now and we can’t wait to meet you! See the vacancies here --> https://lnkd.in/gNmZhPQ9
As you know, quantum computing is a type of computation that harnesses the collective properties of quantum states, such as superposition, interference, and entanglement, to perform calculations. To discuss the future of quantum computing there are some workshops and conferences taking place in 2021 that every person should attend.
Here are the top ten quantum computing workshops and conferences:
Image: https://www.analyticsinsight.net
The digital health sector was growing rapidly. Then the pandemic came. In this case, it was a story of growth.
Following distancing requirements and loosening regulations, telemedicine became the name of the game for many healthcare systems across the nation. It was an area where Baltimore startups could add value, whether it was the “digital front door” of b.well Connected Health or Tissue Analytics‘ work with healthcare institutions to remotely monitor woundcare patients.
Calling all women entrepreneurs! Whether you’re already a founder, thinking of starting your own company, or are curious to learn more about the ins and outs of launching a new venture, join Women In Bio-Capital Region and a panel of women founders to hear their experiences, learn about available resources, and ask any questions you may have. From financing to IP law to business strategy, learn from a diverse group of speakers who will share their experiences and perspectives from the world of biotech start-ups. Join us for a one-stop shop to start building your own personal biotech startup toolkit.
Maryland has one of the nation’s strongest life sciences industries. The state’s array of universities, federal labs, and firms employ 54,000 people, generate breakthrough discoveries, and supply a range of technologies that have been key to the COVID-19 pandemic response. Despite Maryland’s high concentration of employment in research and development (R&D), the sector’s 7.4 percent growth between 2015 and 2020 trailed other leading states such as Massachusetts (58 percent) and North Carolina (38 percent). Beyond R&D employment, the state’s life sciences manufacturing sector expanded at one of the fastest rates nationwide (31 percent), but remains relatively less concentrated than the national average, indicating significant potential for further growth. Maryland’s life sciences industry also faces competition from other states for investment, particularly in entrepreneurs and startup firms that have the potential to sustain job creation across the state.
CHATHAM, N.J., Oct. 04, 2021 (GLOBE NEWSWIRE) — Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a clinical-stage biopharmaceutical company, announced it has completed the acquisition of its new research and development center (RDC) located in Frederick, Md. The approximately 48,000 square foot facility will support Tonix’s expanding infectious disease pipeline, including:
Tonix purchased the RDC from Southern Research, a collaborating partner on TNX-1800 and TNX-801 development.
RICHMOND, Va., Oct. 4, 2021 /PRNewswire/ -- Activation Capital, a leading entrepreneurship and ecosystem development organization, announced the launch of a cluster accelerator to catalyze the growth of advanced pharmaceutical manufacturing and R&D in Central Virginia. A coalition of private-public entities from Greater Petersburg and Greater Richmond helped form the accelerator, secured $2.5M in seed funding from GO Virginia and others, and appointed Activation Capital as the organizing entity - a first-of-its-kind initiative for the Commonwealth of Virginia.
NIA participates in a broad range of funding opportunities, research and development (R&D) programs, and technical assistance that address innovations in healthy aging as well as Alzheimer’ disease (AD) and AD-related dementias (ADRD).
COLLEGE PARK, Md., October 01, 2021--(BUSINESS WIRE)--IonQ, Inc. ("IonQ" or the "Company") (NYSE: IONQ), a leader in quantum computing, completed its previously announced business combination with dMY Technology Group, Inc. III ("dMY") (formerly NYSE: DMYI), a publicly traded special purpose acquisition company, on September 30, 2021. Starting this morning, the common stock and warrants of the combined company, IonQ Inc., will be listed on the New York Stock Exchange under the ticker symbols "IONQ" and "IONQ.WS," respectively.
IonQ is a trailblazer in quantum computing with the world’s most powerful trapped-ion quantum computer, and is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud. This business combination provided IonQ with $636 million in gross proceeds to fund future growth and accelerate the commercialization of its industry-leading quantum computers.
WASHINGTON (FOX 5 DC) - Children's National Hospital in D.C. has announced that 100% of its workforce, around 8,500 team members, is compliant with its COVID-19 vaccination policy.
"Back in December when vaccines first became available, around 1,500 of those team members were hesitant to get the shot," a spokesperson for Children's National said. "So a lot of targeted work and action took place since then to get to 100% compliance…"
Image: https://www.fox5dc.com
GERMANTOWN, Md. & HILDEN, Germany--(BUSINESS WIRE)--QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) today announced that it had won a U.S. government contract to increase the production capacity for consumables used on its NeuMoDx 96 and 288 integrated PCR testing systems, an important step to support laboratory testing as the COVID-19 pandemic continues.
Tweet this QIAGEN was awarded a $3.4 million contract by the U.S. Department of Defense (DOD), on behalf of and in coordination with the Department of Health and Human Services (HHS), to expand production capacity for COVID-19 tests running on NeuMoDx instruments at its site in Ann Arbor, Michigan. The platforms offer a unique combination of speed, flexibility, throughput and ease of use for molecular diagnostics testing, including laboratory-developed tests. By the end of March 2022, QIAGEN plans to scale up production to more than 16 million tests per year, up from the current level of about 10 million.
Life science and healthcare companies have many avenues available to raise capital at various stages, each with its own benefits and considerations. Savvy founders and startup leaders should understand which asset class can offer the best opportunity to advance and support their company’s success. Across all sectors - therapeutics, diagnostics, tools, medical devices and digital health - the approach you take today to create your syndicate of investors will impact all future funding rounds.
The BioHealth Capital Region Forum offered many insights into the state of the industry, but the most prevalent theme was certainly big data. Panelists and keynote speakers across multiple events spoke about the importance of data in the biohealth and life sciences industry and how artificial intelligence will help the sector innovate.
Keynote speaker Chris Monroe, co-founder and chief scientist at IonQ, discussed how biotech experts can use quantum mechanics and quantum computers to solve problems within the healthcare industry. Monroe is a faculty member at Duke University and the University of Maryland and studies how Q-bits and quantum computers can help optimize complex problems