Archive: Biotech

O'Malley Announces Plan for Biotech Center

Gov. Martin O'Malley and state officials said the Maryland Biotechnology Center in Montgomery County will open within 60 days in the Shady Grove Life Sciences Park with another office "co-located" at the World Trade Center in Baltimore. Read about it on Maryland Moment here....

By Terri Rupar | May 18, 2009; 03:25 PM ET | Comments (0)

Rockville Firm's Malaria Vaccine Moves to Trials

UPDATED, 3:40 P.M., with comments from Dr. Anthony Fauci of the National Institutes of Health. A Washington area biotech said today that it won approval to test its malaria vaccine in healthy adults. The vaccine, by Rockville-based Sanaria, is different than most, being made with a live, but weakened, malaria...

By Terri Rupar | April 23, 2009; 12:17 PM ET | Comments (0)

Avalon Pharmaceuticals Gets 'Going Concern' Notice

Avalon Pharmaceuticals of Germantown said its auditor has expressed concern about the biotech's ability to continue as a going concern. The company, which develops cancer treatments, said that without expense cuts or new revenue or financing, the company will not be able to fund its operations "significantly beyond May." Clinical...

By Terri Rupar | April 8, 2009; 04:24 PM ET | Comments (0)

Emergent Drops Bid for Protein Sciences

By Alejandro Lazo Emergent BioSolutions of Rockville has dropped a bid to acquire Protein Sciences, the maker of a next-generation flu vaccine that Emergent sought to buy last year in an attempt to diversify. Emergent, a major supplier of an anthrax vaccine to the federal government, in April agreed to...

By Terri Rupar | January 7, 2009; 03:18 PM ET | Comments (0)

Morning Brief: Small Businesses Wary of Bailout

Chris Kelly, a 31-year employee, awaits customers at Champion Billiards & Barstools in Rockville, which is holding a going-out-of-business sale. (By Kevin Clark -- The Washington Post) Small businesses are concerned that the government's announcement this week of what amounts to a bailout attempt for consumers and small-business owners...

By Alejandro Lazo | November 28, 2008; 09:37 AM ET | Comments (0)

Martek Chairman Leaves Amid Sale of Unit

Columbia's Martek Biosciences is selling its fluorescent detection products business for $900,000 to a newly formed company that will be owned by its chairman Henry Linsert Jr. Linsert is stepping down from the Martek board and will be replaced as chairman by another director, Robert L. Flanagan. Martek said in...

By Dan Beyers | June 28, 2007; 12:31 PM ET | Comments (0)

BioVeris Finalizes Deal

From the Associated Press: GAITHERSBURG, Md. (AP) -- Chemical testing instrument maker BioVeris Corp. said Tuesday that its $600 million acquisition by Roche Holdings Ltd. has been completed. Shareholders voted to approve the deal at a special meeting on Monday. BioVeris agreed to the $21.50-per-share cash buyout by the Swiss...

By Dan Beyers | June 26, 2007; 03:42 PM ET | Comments (0)

Martek and Breyer's Smart Yogurt

Martek Biosciences of Columbia said in a release that its DHA omega-3 nutritional supplement will find its way into Breyer's newest line of "Smart! Yogurt" beginning in July. Martek derives its supplement from microalgae. The company previously inked deals for infant formula, sushi and veggie burgers, and is working cereal...

By Dan Beyers | June 25, 2007; 12:47 PM ET | Comments (0)

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