An impressive number of Maryland startup companies have been born from Johns Hopkins University and already have seen great success this year, bringing in millions of dollars in funding. Of the new ventures coming out of Johns Hopkins Technology Ventures were medical device firm Sonavex, which received $3 million in funding this year, while established startups brought $56.8 million in follow-on financing.
Annapolis, Md.-based Vixiar Medical plans to retain its local office, but will relocate its headquarters to Baltimore. The new digs will house the company alongside Engineering Medical Systems, its manufacturing partner, which also is relocating to Baltimore.
A round of Series A funding led by MicroPort Scientific pulled in $3.5 million for Rockville, Md.-based medical device company Promaxo, which intends to use the proceeds for clinical validation and regulatory submission for its office-based high-resolution, single-sided Magnetic Resonance Imaging. MicroPort has also secured exclusive rights to distribute and manufacture Promaxo's MRI technology in China.
The city of Westminster, Md., will be the site of a telehealth trial in which six chronically ill patients in two group homes will be treated via gigabit connectivity provided by Ting Internet. The Mid-Atlantic Gigabit Innovation Collaboratory is overseeing the trial to determine whether telemedicine can help the patients' health care providers prevent problems from escalating.
Seven new or updated documents were released by the FDA to provide medical device makers with guidance on its user fee programs and how the performance goals set by MDUFA IV are affected by FDA and industry actions. A guidance on the presubmission program for medical devices was also updated by the agency to include changes in meeting scheduling and timing of providing feedback to companies.
Two companies headquartered in South Korea -- Fasoo.com and Green Cross Cell -- reportedly plan to locate sites in Maryland after a recent trade mission by a state government delegation that included first lady Yumi Hogan. If the deals materialize, then Maryland would be home to a total of 12 Korean companies, half involved in life sciences.
The A. James and Alice B. Clark Foundation has awarded $219.5 million to the University of Maryland, which will use the funds to provide financial aid to needy students. The foundation is an arm of the Bethesda-headquartered Clark Construction Group.
AGT builds Montgomery County gene & cell therapy momentum
American Gene Technologies, a private Maryland biotechnology company developing cures and treatments for infectious diseases, cancers and monogenic disorders, will celebrate the grand opening of its new 24,000-sq.-ft. laboratory and offices. From its new location, AGT will begin clinical trials for its HIV Functional Cure therapeutic in the next six months. The ribbon cutting ceremony highlights AGT's commitment to biotechnology in Maryland, and will take place at its new location 9640 Medical Center Dr., Rockville, MD 20850 between 1 p.m. and 4 p.m. on Oct. 23.
November 2, 2017 - MTC Tech Tasting, Whiteford Taylor Preston, Baltimore
November 30, 2017 - Innovation Speaker Series Kick-off Breakfast with Dr. Nora Volkow, Director, National Institute on Drug Abuse, National Institutes of Health
December 7, 2017 - Sparkle & B'More Holiday Cocktail Party and Fundraiser, Horseshoe Casino, Baltimore
January 18, 2018 - Leadership Dinner with Governor Hogan (invited), Loews Annapolis
April 18, 2018 - Lifetime Achievement Gala honoring Dr. Douglas Lowy and Dr. John Schiller, Center for Cancer Research, National Cancer Institute. We are happy to announce two confirmed honorees. More information to follow.
May 17, 2018 - 30th Anniversary Industry Awards Celebration, The Hotel at the University of Maryland
June 18, 2018 - Golf tournament, Cattail Creek Country Club
September 26-27, 2018 - Bio+Tech18 Conference, Baltimore Hilton
The universe was placed here for us to explore and appreciate.
Ray Bradbury, writer
About the Maryland Technology Council
The Maryland Tech Council (MTC) is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. MTC is the largest technology and life science trade association in the state of Maryland providing value to members by giving them a forum to learn, share, and connect. MTC is also the only technology council in Maryland with a full-time presence in Annapolis working year round representing its members' interest and seeks to influence policymakers on issues such as tech, life science, economic development, capital formation, higher education, transportation, workforce, tax climate, and more.
In addition, members of MTC are provided with educational programming taught by industry leaders with a focus on key topics and a variety of opportunities to participate in both large and small events. Members also have access to our Cost Savings Program where they can choose from our list of reputable companies that provide discounts for business services.