Precigen has secured orphan drug designation (ODD) for PRGN-2012 from the US Food and Drug Administration (FDA) in recurrent respiratory papillomatosis (RRP). PRGN-2012 is an investigational off-the-shelf (OTS) AdenoVerse immunotherapy. In January 2021, Precigen was given clearance by the FDA to launch a phase 1 study of PRGN-2012 AdenoVerse immunotherapy in adults having recurrent respiratory […]
Relation Insurance Services, a US insurance brokerage, has acquired the assets of Adams Insurance Agency based in Maryland for an undisclosed price. Previously, Adams Insurance Agency was a part of the exclusive distribution model of Nationwide Mutual Insurance. Adams Insurance Agency caters to clients across Maryland and surrounding states with commercial and personal lines insurance […]
Merck acquisition of OncoImmune : Pharma giant Merck has signed an all-cash deal worth $425 million to acquire OncoImmune to gain access to the latter’s investigational Covid-19 drug – CD24Fc. Based in Maryland, OncoImmune is a clinical-stage biopharma company, that is focused on the discovery and development of therapies for cancer and autoimmune disease. As […]
Trustar Bank, a chartered bank based in Virginia, has acquired Granite Mortgage, a full-service correspondent mortgage loan lender based in Fairfax, Virginia. The financial terms of the deal were not disclosed. Granite Mortgage is engaged in providing conventional, federal housing administration (FHA), and veterans affairs (VA) loans and also a range variety of non- qualified […]
McCormick & Company, a US-based producer of flavor, seasonings, and spices, has revealed plans of opening its northeast distribution center in the Tradepoint Atlantic Industrial Park in Sparrows Point, Maryland. According to the US food company, the 1.8 million square foot leased facility will considerably boost its capacity to cope up with the increasing demand […]
Global insurance brokerage Hub International has acquired the assets of Maryland-based Bernstein Insurance for an undisclosed price. Bernstein Insurance, which is located in Odenton, offers personal and commercial insurance solutions, which include home, auto, business, and life. Jennifer Bernstein, the main owner of Bernstein Insurance will be joining Hub having transitioned recently to an independent […]
The Henry M. Jackson Foundation for the Advancement of Military Medicine (HJF) has acquired CAMRIS International, a Maryland-based international development and health research firm. CAMRIS is said to combine research and technical assistance expertise of 250 plus employees with modern, evidence-based practices for developing innovative solutions for complex problems. With experience spread over all regions […]
United Therapeutics, a Maryland biotech company, has appointed head and neck surgeon Dr Linda Maxwell to its board of directors as an independent director. Dr Linda Maxwell is also a medical educator, a health technology entrepreneur and innovator, and a published scientific author. She is an adjunct professor of surgery at the University of Toronto, […]
Apollo Global Management said that certain funds managed by its affiliates (Apollo Funds) have agreed to make an equity investment of $265 million in offshore wind energy development company US Wind, which owns the rights to develop the Maryland offshore wind project. Apollo Funds have also committed to funding the development and construction costs pertaining […]
Chesapeake Utilities, a US natural gas distribution and transmission company, has wrapped up its previously announced acquisition of Elkton Gas from energy services holding company South Jersey Industries for an undisclosed price. The deal, which was announced in December 2019, has been completed following the fulfillment of all closing conditions. Founded in 1863, Elkton Gas […]