Maryland Daily Record Maryland's trusted source for business and legal news

The University System of Maryland Board of Regents was “unprepared and ill-equipped” to handle the fallout from the death of a football player, leading to a reputational hit for the system, a review of the system’s governance found. As part ...

University of Maryland Shore Regional Health received regulatory approval Thursday to convert its Cambridge hospital to a smaller facility and to move some of its existing services to the system’s larger Easton hospital. Shore Regional Health is one of several ...

Tagged with: certificate of need Maryland Health Care Commission Shore Regional Health University of Maryland Shore Medical Center at Dorchester

Ten years ago, Paragon Bioservices moved into the University of Maryland BioPark with just 30 employees and a change of direction to focus on manufacturing gene therapies. Monday the firm announced that it had agreed to be acquired by Catalent ...

Tagged with: Harpoon Medical Paragon Bioservices University of Maryland Baltimore University of Maryland BioPark

Stevenson University has listed its Greenspring campus for sale to explore its options as the college centers more activities at its expanding Owings Mills campus. Two years ago Stevenson bought the former Rosewood Center property from the state of Maryland. ...

Tagged with: Stevenson Unversity

Johns Hopkins University and McDaniel College have rewarded some students who also run their own businesses at campus pitch competitions this past week. Monday night, McDaniel College awarded its $10,000 to junior Rachael Fox for her shoe company, Fox Boots. ...

Tagged with: entrepreneurs FastForward McDaniel College McDaniel Innovation Challenge

Baltimore biotech firm Paragon Bioservices has been acquired by the New Jersey-based drug manufacturer Catalent, Inc. for $1.2 billion, Paragon announced Monday. Paragon, which specializes in biologics contract development and manufacturing, especially in gene therapy using viral vector manufacturing, employs ...

Paragon Bioservices is opening a manufacturing facility near Baltimore-Washington International Thurgood Marshall Airport that the company says will create 150 job. The biologics contract development and manufacturing organization said the new facility will help the firm employ 500 people in ...

Maryland venture-backed firms raised $79 million during the year’s first quarter, less than in any quarter since 2016, according to the quarterly PwC/CB Insights MoneyTree Report. Despite a significantly lower number than the state had seen in nine quarters, the ...

Tagged with: MoneyTree Report PWC venture capital

Sometimes compromise means recognizing things could have gone worse. That seems to be the view of advocates of measures aimed at controlling what Marylanders pay for their medication. Legislation introduced in January would have created a board to set upper ...

Tagged with: Brian Feldman Pharmaceutical Researchers and Manufacturers of America prescription drug affordability board prescription drug prices Vincent DeMarco

Three years ago hundreds of KELLY employees gathered for a group photograph outside of the company’s headquarters at 1 Kelly Way in Sparks. What was once a mom-and-pop insurance operation founded in the basement of a Timonium home was celebrating ...