NEWS
By Jacob S. Sherkow | February 18, 2013
As the economy continues to flounder, many cities are looking for ways to replicate Silicon Valley's financial success. When seeking to catch the magic of those biggest successes - Apple, Google and Facebook - the word "innovation" gets thrown around frequently. And as intellectual property is taking on a larger and larger role in how companies do business in the Bay Area, many have equated innovation with patents. A recent Sun article about innovation in Baltimore and Maryland focused on just that.
NEWS
By Brian Gaines | January 22, 2013
This month Marylanders learned that Education Week had named our state's schools the best in the nation for the fifth year in a row. Credit goes to our students, educators, parents and policy makers for this exciting recognition. But as CEO of a nonprofit dedicated to science education, I would caution against excess celebration. A closer look at recent test scores reveals that we must improve how we educate our students in science, a discipline that is vital to success in the 21st century economy.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 21, 2013
Uncertainty over the economy contributed to a nearly 27 percent drop last year in venture capital funding for young companies in Maryland, Washington and Northern Virginia, the first decrease since 2009, according to a new report from PricewaterhouseCoopers. Last year, venture capitalists invested $725.1 million in 164 deals in the area, down from $987.5 million for 163 deals in 2011. On a percentage basis, the decrease in dollars was more than twice the national average for last year, when funding dropped 10 percent to $26.5 billion invested in nearly 3,700 deals, PricewaterhouseCoopers reported.
NEWS
By John Fritze, The Baltimore Sun | May 5, 2012
A proposal to speed the approval of new prescription drugs has patient advocates and biotech firms — including many based in Maryland — hoping that Congress will deliver a rare dose of bipartisanship this year. Lawmakers are proposing a 6 percent increase in the fees that pharmaceutical firms pay the Food and Drug Administration to offset the cost of approving new drugs. If the measure is not signed into law by the end of September, the FDA would lose the ability to charge any fees and be forced to lay off 2,000 workers, significantly slowing review times.
NEWS
By Michael Knapp | October 4, 2011
The Dow takes another tumble, there is one more lackluster report on unemployment, and attention in Maryland turns once again to how to improve the local economy. There have been well-intentioned efforts to stimulate the economy, but there is also an element of wishful thinking in many of these efforts — the thought being that enough bailing twine and chewing gum can hold things together long enough for the economy to improve. However, the situation in Maryland requires a fundamental change in how we do business.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | July 5, 2011
In a conference room in downtown Baltimore, F. Blix Winston compared the Food and Drug Administration to a "slow-moving bulldog. " "You don't want to get bitten," Winston, an expert on the federal regulation of medical devices, told a crowd of about 50 entrepreneurs and academics recently. "You don't want to tangle with the FDA," he warned. "The FDA has the power to come in and padlock a company's doors. " Winston's presentation was part of a new approach by Maryland economic development officials to promote the state's life sciences industry.