2021 was a phenomenal year for TEDCO (Maryland Technology Development Corporation)! Despite challenges and setbacks due to COVID-19, the venture and equity investment organization pushed boundaries and made phenomenal strides in growth and expansion across the state of Maryland. TEDCO also provided crucial funding, resources, and networking opportunities for entrepreneurs and startups in the state.
BioFactura, a leading developer and manufacturer of biosimilars and biodefense products, is one of the crown jewels of Frederick, Maryland’s growing biotech hub. The company is thriving and has secured strong funding from both private and government sources that see the potential of the company’s StableFast™ biosimilars platform. In May 2021, BioFactura reached an important milestone, announcing that it had moved its first biosimilar product into the clinic.
There is a growing movement of professionals seeking jobs with a purpose. The mission-driven culture of a company is a powerful attraction for those value-driven prospective applicants. Curing HIV is one of the bolder missions to be found in the I-270 technology corridor. With its bold mission to develop a cure for HIV, American Gene Technologies Business Development head Norman Rogers said that it’s an “attractive position for people who want a front seat to history.”
Every month, thousands of military veterans around the world begin their transition out of the military with anywhere between 2 and 20 years of experience in some of the most fast-paced, operationally focused, and regulated environments imaginable. These transitioning service-members and their families all bring an army of benefits to bear for innovative organizations willing to give them a chance.
Intellectual property is the lifeblood of biopharmaceutical companies. Protection of that information is of paramount importance and it is one reason companies seek legal firms that specialize in intellectual property and patent protection.
CRB, a global architecture, engineering, construction (AEC) and consulting firm, with a major office in Rockville, Maryland, has been on the cutting edge of the biotechnology real estate business for over 35 years. Established in 2014 with just 8 people, over the past 2 years CRB’s Rockville office has grown from 50 employees to over 90, says Ben Skowronski, office lead. And they are still growing!
For many labs with limited funding, equipment failure can put a huge and unwelcome dent in the budget. Is the cost of fixing it more than the cost of replacing it? If it needs to be replaced, can you afford a new piece? What if you’re expanding operations and just need to update your lab with more equipment? More and more, labs are turning to suppliers to purchase used equipment, but that isn’t entirely without its own risks. Here are a few questions to ask if you’re buying used lab equipment.
Biohealth professionals discussed the importance of recruitment and retention — and the effects location and resources can have on them — at the annual BioHealth Capital Region Forum. Front and center discussion focused on diversity, opening space in more urban areas, and providing employees with a company mission they can get behind.
Both the FNL and NCI look for partnerships that can aid their work while providing their partners’ resources and expertise. The lab’s partners often include big pharmaceutical and biotech companies that are more product-driven than NCI and FNL, which are more research-driven.
The pillars of a well-functioning community—professional, social, geographic, or otherwise—are a strong understanding of the needs of the members that comprise it, a sense of collective ownership, and either implicit or
