BUSINESS
By Gus G. Sentementes, The Baltimore Sun | October 17, 2012
Human Genome Sciences Inc., which was acquired for $3.6 billion by London-based GlaxoSmithKline Plc in August, intends to lay off 97 employees in mid-December, and an additional but unspecified number of cuts are planned for next year, the company warned Maryland labor regulators this week. The Rockville-based biopharmaceuticals company, which employed as many as 1,000 people up until the acquisition, is in the process of integrating with GSK, a spokesman said. Previously, the company disclosed in September it would cut 114 positions by the end of this month.
HEALTH
By Jamie Smith Hopkins, The Baltimore Sun | September 5, 2012
Rockville-based Human Genome Sciences has warned state regulators that it plans to cut 114 jobs beginning in October, three months after striking a deal to be acquired by GlaxoSmithKline. Human Genome, which employs about 1,000 people in Rockville, could not be reached for comment Wednesday. But it told the state Department of Labor, Licensing and Regulation that the layoffs — to start Oct. 30 — were part of an internal restructuring. GlaxoSmithKline, a London pharmaceutical firm, also could not immediately be reached for comment.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | April 21, 2012
Like a one-two punch, two major Maryland employers in the health care service and pharmaceutical industries were the targets last week of multibillion-dollar acquisition deals. Both homegrown companies — Human Genome Sciences Inc. and Catalyst Health Solutions Inc. — are based in Rockville. Both were courted by out-of-state companies. Human Genome ultimately rebuffed a $2.6 billion offer by biopharmaceutical giant GlaxoSmithKline, saying it was too low. But Catalyst agreed to be acquired by a larger Illinois competitor for $4.4 billion, and Human Genome has officially acknowledged it's on the market.
NEWS
By Gus G. Sentementes, The Baltimore Sun | April 19, 2012
Shares of Human Genome Sciences doubled in Thursday morning trading on news that a major British biopharmaceutical company offered to buy it for $2.6 billion, which the Rockville company rejected as too low. Human Genome, which uses the human DNA sequence to develop targeted drugs, said in a news statement that GlaxoSmithKline PLC offered to buy the company for $13 a share in cash. The company declined the offer, saying it did not "reflect the value inherent" in Human Genome, and added that it had begun exploring strategic alternatives, including a possible sale.
HEALTH
By Meredith Cohn | February 6, 2012
For those who missed it in today's Sun, there was a story about veterans being asked to serve again by giving some blood for a databank. The DNA information will be used to help scientists learn about the causes of disease and develop preventive methods and treatments. Many vets have already stepped up, but the Department of Veterans Affairs is looking for a million former service members to participate. The information will be kep confidential and vets will be able to approve use of data for each study under taken.
HEALTH
By Meredith Cohn, The Baltimore Sun | July 27, 2011
Within days of the E.coli outbreak in Germany that officially ended this week, scientists at the University of Maryland Institute for Genome Sciences began cracking the genomic code of the bacteria responsible for infecting thousands and killing dozens. Information about all the genes that make up the bacteria from these scientists and others around the globe was soon offered online at no cost to doctors treating those infected, possibly saving lives, as well as to epidemiologists looking for the source of the pathogen.