Johns Hopkins Technology Ventures makes startups its business | Chevy Chase investment firm funds Elkridge's CyberCore Technologies | MD THINK data-sharing program expands to include more services
October 5, 2017
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Cybersecurity and Technology
Johns Hopkins Technology Ventures makes startups its business
Johns Hopkins Technology Ventures makes startups its business
(Leigh Vogel/Getty Images)
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.
The Business Journals (tiered subscription model)/Baltimore (9/22) 
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Chevy Chase investment firm funds Elkridge's CyberCore Technologies
Elkridge, Md.-based CyberCore Technologies has received an undisclosed investment from Enlightenment Capital in Chevy Chase. The IT company plans to expand its technologies and target new customers.
The Business Journals (tiered subscription model)/Washington, D.C. (9/30) 
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Health IT
Vixiar Medical and manufacturing partner relocate to Baltimore
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.
Technical.ly (9/21) 
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Md. medtech company obtains $3.5M in funding round
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.
FinSMEs (9/27) 
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Vaccine and Immunotherapeutics
Gaithersburg's Emergent BioSolutions gets part of GSK deal completed
Emergent BioSolutions has closed on the IP-acquisition phase of its multimillion-dollar deal that will allow the Gaithersburg, Md., company to make GSK's raxibacumab anthrax antidote.
BioPharmaReporter (10/4) 
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Group will test gigabit telemed on chronically ill patients
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.
Telecompetitor (9/20) 
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Biotech and Life Science
Guidance documents for medical device makers released by FDA
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.
Regulatory Focus (10/3) 
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Government Affairs
State delegates lure 2 more South Korean-based companies to state
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 Herald-Mail (Hagerstown, Md.)/Capital News Service (10/1) 
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Talent and Capital
Univ. of Md. receives $219.5M gift from Bethesda's Clark Foundation
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.
ABC News/The Associated Press (10/4),  The Baltimore Sun (10/4) 
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MTC News
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.

For information on how to attend the event, please contact: Connie Ezerski. For media inquiries, please contact: Sasha Whitaker.

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MTC announces upcoming Signature Events
We are excited to announce programming for our upcoming signature events. Please see below and visit www.mdtechcouncil.com/events/events-new.php for more information.

  • 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
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    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.

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