ALTIMORE, MD (June 8, 2022) – The Maryland Department of Commerce has announced that the Board of Public Works today approved Montgomery County Economic Development Corporation (MCEDC) as a new fund manager to provide loans through the state’s Small, Minority and Women-Owned Business Account, which receives 1.5 percent of video lottery terminal revenue from Maryland casinos. Since 2013, the account has approved more than 860 loans for a total of $92.3 million, projecting to create more than 4,000 jobs and retain nearly 6,000 more in Maryland. ...  Read more

GlaxoSmithKline (GSK) has agreed to acquire Affinivax for up to $3.3 billion, the companies said today, in a deal designed to strengthen the buyer’s vaccine portfolio with jabs based on Affinivax’s technology. ...  Read more

Health and Human Services Secretary Xavier Becerra appointed Adam Russell, Chief Scientist at the University of Maryland’s Applied Research Laboratory for Intelligence and Security (ARLIS), to serve as acting deputy director of the new Advanced Research Project Agency for Health (ARPA-H). ...  Read more

June 6, 2022 ...  Read more

May 31, 2022 ...  Read more

KnowledgeNet.ai, a leader in collaboration intelligence and knowledge sharing platform, announces the successful completion of the System and Organization Controls (SOC) 2 Type II Audit. SOC 2® is a reporting framework that sets the benchmarks for managing systems, process controls and data, including – privacy, confidentiality, security, availability, and processing integrity. Adhering to SOC 2 Type II ensures current and future customers that KnowledgeNet.ai has the proper security, privacy, and compliance controls to manage its collaboration intelligence and knowledge-sharing platform. ...  Read more

Applied Biomimetic, Inc., a leader in the convergence of polymer and protein membrane technologies, has renamed itself Vandstrom, Inc.  Commenting on the change, CEO Imran Jaferey remarked: “Vandstrom is built on a passion for doing more with less and supporting a leaner and cleaner world through engineering. The company was founded on the basis of a research program to develop a biomimetic membrane. In that journey, we have developed a focus on enhancing industrial operations through increased efficiency in separation sciences. We have developed novel and proprietary porous polymeric membranes, and we have in recent years integrated manufacturing operations around these products adjacent to our laboratories in Gaithersburg. have built this business with multiple technology platforms, and it was time to broaden the brand with a name that reflects these platforms.” ...  Read more

CAMBRIDGE, Mass.  and INCHEON, Korea – June 02, 2022 – Biogen Inc. (Nasdaq: BIIB) and Samsung Bioepis Co., Ltd. today announced that BYOOVIZ™ (ranibizumab-nuna), a biosimilar referencing LUCENTIS® (ranibizumab)ⁱ has been launched in the United States. Healthcare provider engagement, promotional activity, collaborations with professional societies and patient advocacy groups have commenced and BYOOVIZ will be commercially available on July 1, 2022, through major distributors across the U.S. The list price will be $1,130 per single use vial to administer 0.5mg via intravitreal injection, which is 40% lower than the current list price of LUCENTIS. ...  Read more

TEDCO, Maryland’s economic engine for technology companies, announced today its Builder Fund invested $150,000 in AudioOne Inc., a technology startup based in Maryland. TEDCO’s Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage. ...  Read more