News Briefs: PharmAthene, RegeneRx and Weatherbug

BIC offers scholarships

Baltimore International College, a Baltimore-based culinary institute, and the American Academy of Chefs, the honor society of the American Culinary Federation, are partnering to offer two new scholarships, totaling $20,000 over four years, to high school students accepted to BIC who plan to become chefs. Two yearly scholarships of $2,500 per year for four years will be awarded and applied directly to students’ accounts at BIC. Applications are available at www.acfchefs.org, by clicking on “schools,” then “scholarships.” The application deadline is March 31 and the winners chosen in May. The ACF is the nation’s largest professional chefs organization.

Boost for PharmAthene

PharmAthene Inc. of Annapolis, a biodefense company developing medical countermeasures against biological and chemical threats, said the U.S. Food and Drug Administration has lifted a partial clinical hold it had placed on PharmAthene’s development of a new anti-anthrax drug in late 2009. This constitutes formal consent by the FDA for PharmAthene to resume clinical testing of the drug, called Valortim. Valortim is being developed for the prevention and treatment of inhalational anthrax.

RegeneRx gets Mexico OK

RegeneRx Biopharmaceuticals Inc. of Rockville, which is developing products for repair and healing of chronic wounds and injured tissues, said it received a patent from the Mexico Patent and Trademark Office for the use of its flagship product, TB4, for preventing or healing the damage that occurs from a heart attack. The patent expires in 2022. RegeneRx has similar patent applications pending in a number of countries, including the U.S.

WeatherBug in good hands

Germantown-based WeatherBug, the operator of the largest weather observing and lightning network, announced that it has selected Allstate Corp. as the exclusive sponsor, through Dec. 31, of the new WeatherBug Time & Temp widget for Android smartphones. Financial terms of the arrangement were not disclosed. The widget is available for download free of charge in the Android market. The agreement marks the first time that WeatherBug has given an advertiser exclusive exposure on a weather app. Currently, both free and paid versions of WeatherBug mobile apps are available for all smartphone platforms, including Android, BlackBerry, iPhone and Windows Phone 7.

Alkane in South Korea

Alkane Inc. of Lutherville, a manufacturer and distributor of alternative fuels and additives for motor vehicles, said it granted to Mervita LLC of Bellevue, Wash., the exclusive distribution right to Alkane’s flagship product, Monster Diesel, in South Korea. Mervita has committed to purchase at least $11.5 million worth of Monster Diesel over a five-year period. Mervita is to receive an initial shipment of Monster Diesel, worth $50,000, by the end of December. Monster Diesel is a patent-pending, high energy, alternative fuel additive which, according to Alkane, boosts diesel fuel’s quality to premium levels and is designed for use in any diesel-powered motor.

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