Paragon acquisition gives a jolt to Md. biotech industry
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 Biologics in a more than $1.2 billion deal expected to be completed this quarter. It […]
Abell Foundation reaps windfall from Harpoon Medical sale
The Abell Foundation’s investment in a Baltimore-based medical technology firm earned it a $5.2 million payday. Roughly three years ago the foundation invested $500,000 in Harpoon Medical Inc. Harpoon, which invented a technology allowing for less-invasive heart surgery, was purchased by Edwards Lifesciences Corp. for $100 million last week, leading to the return on Abell’s […]