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Author Archives: Staff and Wire Reports

MiddleBrook Pharmaceuticals eyes merger or sale

MiddleBrook Pharmaceuticals Inc., of Westlake, Texas, formerly called Advancis Pharmaceuticals and based in Germantown, said it is eliminating its entire field sales force and significantly reducing corporate staff as it tries to preserve cash. The company, which makes Moxatag, an ...

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Novavax posts higher 4Q loss

Novavax Inc., of Rockville, reported a fourth-quarter net loss of $14 million, or 15 cents per share, on revenue of $75,000, versus a net loss for the prior-year period of $11.1 million, or 16 cents per share, on revenue of ...

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Medifast Inc. quarterly sales top $46M

Medifast Inc., of Owings Mills, a provider of dietary supplements and weight-control programs, said its fourth-quarter per-share profit increased 200 percent, as it recorded strong growth across its distribution segments. The company reported net income of $3 million, or 21 ...

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Bavar Properties Group leases building to Neustar

Bavar Properties Group, a Timonium-based commercial real estate company, said it leased an entire, 92,000-square-foot building that it developed in Sterling, Va., to a telecommunications clearinghouse. Neustar Inc., a publicly traded provider of clearinghouse services to the global communications and ...

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Baltimore Jewish group launches data project

The ASSOCIATED: Jewish Community Federation of Baltimore has retained Ukeles Associates Inc., a New York City-based policy research and planning consulting firm, to coordinate a massive data-collection project examining the Greater Baltimore Jewish community. The purpose is to inform planning ...

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GP Strategies swings to 4Q profit

GP Strategies Corp., of Elkridge, a provider of training, e-learning, management consulting, engineering and technical services, reported earning $2 million, or 13 cents per diluted share, in the fourth quarter of 2009, a turnaround from its net loss of $931,000, ...

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Maryland transit gets $16M funding boost

The Maryland Transit Administration received more than $16 million from the U.S. Department of Transportation to improve MARC Commuter Rail, Howard Transit, Connect-A-Ride and Western Anne Arundel County transit services, Maryland’s two U.S. senators announced. MARC was awarded $6.8 million ...

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