Early Briefing: Transforming Tysons


What could Tysons look like? (Davis, Carter, Scott Ltd.)

*Remaking Tysons Corner from a car-dominated tangle of offices, malls and auto dealers into a livable city will start moving ahead in the coming weeks.

County leaders and landowners are unveiling sweeping proposals to build densely packed high-rises, miles of new streets, and enough parks, schools, police stations and firehouses to serve an entirely new place.

Landowners and developers are ready to invest, but they say that if they are not given new latitude to build more densely, they will redevelop under existing rules -- promising more of the same auto-dependent, suburban sprawl.

*Human Genome Sciences said that it is moving forward on several biotechnology drugs and that it plans to begin testing its experimental lupus drug as a treatment for multiple sclerosis.

The Rockville firm said its lupus treatment, LymphoStat-B, could be effective in treating multiple sclerosis because it inhibits a protein found in high levels in lesions affected by the disease. While they're working on an upcoming trial, partners HGS and GlaxoSmithKline plan to continue late-stage trials using LymphoStat-B to help lupus patients.

HGS is expecting all late-stage data for its hepatitis C drug candidate, Albuferon, by spring 2009 for filing several marketing applications in different countries by fall 2009. The company also updated analysts on the status of its anthrax treatment, saying it is set to deliver 20,000 doses of ABthrax to the U.S. government's national stockpile under a $165 million contract, the company's first sale.

*Radio One investors grilled the company's officers during a shareholder's shareholders meeting Wednesday, questioning the propriety of a new compensation package for chief executive Alfred C. Liggins III and founder Cathy Hughes.

Radio One board member B. Doyle Mitchell Jr., president of Industrial Bank, said the board held off awarding Liggins a new contract for three years in part because it was awaiting the results of a consultant's review of CEO salaries at comparable companies.

*A soccer stadium in Anacostia would be a splendid addition to Washington's resurgence as a sports town, columnist Marc Fisher writes. But the city has no business paying for such a facility or grabbing riverfront parkland. And here are the numbers that he uses to explain it: Here they are: 220, 100, 35, 8.

Meanwhile, D.C. United officials continued to lobby for the money.

*Reston-based ComScore, a data provider, agreed to buy M:Metrics of Seattle, a communications research firm, in a bid to expand its ability to track the mobile Internet market. The transaction includes $44.3 million in cash and the issuance to certain M:Metrics investors of about 50,000 options to buy shares of ComScore.

By Terri Rupar  |  May 29, 2008; 5:00 AM ET  | Category:  Morning Brief
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