• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

BioMaryland Center Awards $1.5M to Johns Hopkins and 7 Biotech Companies

by Jasmine Pennic 03/04/2014 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Governor Martin O’Malley announced today that the State, through the BioMaryland Center, has awarded nearly $1.5 million to seven innovative life sciences companies and one educational institution through its Biotechnology Development Awards program. The companies, which received up to $200,000 each, will use the funding to accelerate the commercialization of a wide range of treatments and technologies; including a device that detects concussions in youths engaged in sports; a tool that takes a minimally invasive approach to mitral valve repair; and a drug to reduce eye injections for macular degeneration. An award was also given to a Johns Hopkins University researcher who is developing a device to lessen certain risks involved with cardiac ablation.
 
“Because of the better choice to invest in initiatives that create jobs and support our growing Innovation Economy, Maryland is well positioned to expand our global leadership and competitiveness,” said Governor O’Malley. “These awards are critical to ensuring the groundbreaking research being done here in Maryland has the opportunity to move to the commercial marketplace.”
Maryland BioMaryland Center Awards $1.5M to Hopskins and 7 Biotech Companies
 
Since its inception in 2010, more than $6 million has been awarded through the program to 32 Maryland life science companies. It is a key component of Governor O’Malley’s Bio 2020 initiative. The BioMaryland Center is part of the State’s business and economic development agency, the Maryland Department of Business and Economic Development (DBED).
 
“The program already has yielded multiple success stories.  Three previous awardees—Gliknik, Telcare, and Unither Virology–collectively have raised more than $100 million after using their biotechnology development award funds to advance the early stages of their technology,” said Dr. Judith Britz, Executive Director of the BioMaryland Center. “We are proud of the work these innovators are doing and anticipate the Center’s investments will help them move their technologies from research to reality.”
 
Awardees this round include:
 
•AsclepiX Therapeutics, LLC (Baltimore) –a long-lasting drug which would reduce the number of eye injections for macular degeneration and improve patient vision.
•Brain Sentry, Inc. (Bethesda) – helmet mounted sensors which detect and count possible concussive injury hits for youth engaged in sports.
•Clear Guide Medical (Baltimore) – ultrasound guided technology to make needle biopsy more accurate, faster, and safer.
•Cordex Systems, Inc. (Annapolis) –an enhanced blood pressure cuff to measure endothelial dysfunction, the earliest indicator of atherosclerosis.
•Harpoon Medical Inc. (Stevensville) – a surgical tool which will enable surgeons to reliably repair the mitral valve using a minimally invasive beating-heart approach.
•Otomagnetics (College Park) – a magnetic particle drug delivery system for treatment of sudden hearing loss and eventually common ear infections.
•Vasoptic Medical Inc. (Columbia) – a low-cost portable retinal imaging instrument for early diagnosis of diabetic retinopathy affecting 1 in 3 diabetics.
•Johns Hopkins University (Baltimore) – a system which assists with securing the puncture site during cardiac ablation therapy to compensate for the beating heart.

Featured image credit: Sky Noir via cc

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |