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Deal With SmithKline Beecham Worth $30 Million-Plus to MedImmune

MedImmune Inc. had a busy week, announcing a $30 million-plus licensing deal with SmithKline Beecham as well as a 60 percent increase in revenues in its second quarter.<@SM><@SM><TAB>SmithKline will pay $30 million in an upfront payment and future milestones, in addition to a share of royalties, for exclusive worldwide licensing rights to MedImmune

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Freedom Forum Offers $100M for Prime Pa. Ave. Site

<@SM><@SM>In a preemptive bid to keep the competition spinning and Washington officials smiling, The Freedom Forum has offered $100 million for a piece of prime Pennsylvania Avenue to house an expanded Newseum.<@SM><@SM><TAB>The nonprofit foundation that runs the news media museum in Arlington, Va., apparently is one of four unsolicited bids the city has received for the Employment Security Building at the corner of Pennsylvania Avenue and Sixth Street, N.W. The city has talked about issuing a formal request for development proposals, which would have included the sale of the building that now houses the district

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MIE Complex Underway

MIE Properties Inc. is doubling the size of its flex portfolio in Frederick to 1 million square feet, as it breaks ground today on Riverside Technology Park.<@SM><@SM><TAB>The six-building, 487,560 square-foot office complex is situated on a 44-acre parcel at the corner of Monocacy Boulevard and Progress Drive, close to the Municipal Airport off Interstate Highway 70. The $25 million project is part of the 350-acre Riverside Corporate Park being developed by Millennium Development Group of Frederick.

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News Summary

Atlantic Beverage Co. Sign East Coast DealMaryland based Atlantic Beverage Co. have placed an initial $1 million order with East Coast Beverage Corp. of Florida, a leading producer of ready-to drink bottled coffee beverages. The deal authorizes Atlantic to carry ...

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Computer Hackers Decipher Secret Info on Mexico’s Bank Scandal

<TAB>Computer hackers hired by an opposition political party have gained access to a list of bad bank loans that cost taxpayers $7.3 billion, adding fuel to one of Mexico’s biggest political scandals.<@SM><@SM><TAB>The ruling Institutional Revolutionary Party, or PRI, which forced a 1995 bank bailout through congress, had tried to keep the list secret, fearing accusations that the loans benefited the rich, according to news reports last week.

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Small Business

In starting a business, perhaps the most important investment that an entrepreneur can make is time to think about this new venture and what it will take to make it work.<@SM><@SM><TAB>Small businesses end up in trouble when their owners fail to anticipate their companies

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