Roundup: HealthExtras, OpGen, Constellation, CSC

From staff and wire reports

*HealthExtras of Rockville is changing its name to Catalyst Health Solutions effective Oct. 1. Its ticker symbol will change from HLEX to CHSI. "Aligning the corporate brand with our most visible operation capitalizes on Catalyst Rx's brand equity and creates consistency for our shareholders and clients," said chief executive David T. Blair.

*OpGen Technologies officially moved its headquarters from Madison, Wis., to Gaithersburg. The biotech has hired 15 employees for its new 15,000-square-foot facility and plans to add 100 more jobs over the next three years. OpGen, which recently received venture funding from former Digene chief executive Evan Jones, specializes in genome analysis. In 2006 it helped the Food and Drug Administration find the source of E. coli outbreaks from spinach.

*Constellation Energy Group lost almost half of its value in two days on concern Wall Street turmoil will hurt its burgeoning energy-trading business. Constellation, based in Baltimore, fell $17.23, or 36 percent, to $30.76. That extended an 18 percent decline yesterday. Constellation chief executive Mayo Shattuck is seeking a partner for his wholesale energy business, which accounted for 83 percent of the company's $21.2 billion in sales and 73 percent of $821.5 million in net income last year. Turmoil on Wall Street will make that more difficult, analysts said.

*Executives at Boeing and Bethesda-based Lockheed Martin said they expected the Air Force to remain on schedule for awarding a disputed $15 billion helicopter contract, though they don't anticipate official word until the end of December. Last week's cancellation by the Pentagon of a separate competition for a $35 billion aerial refueling tanker contract has elevated the Air Force's priority for awarding the combat, search-and-rescue helicopter deal as quickly as possible, according to company and service officials.

*CSC of Falls Church is relocating its CSC Identity Labs headquarters from Pennsylvania to Fairmont, W.Va. The move, scheduled for October, will enable better alignment with the federal government's presence along the I-79 high technology corridor, CSC said. It also said the relocation would allow for better operations that would increase support to federal government activity in identity management, including biometrics, radio frequency identification technology and human location intelligence.

By Terri Rupar  |  September 16, 2008; 4:55 PM ET  | Category:  Roundup
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