Business

Rockville’s American Gene Technologies International Inc. (AGT), located ant 9713 Key West Ave, and 10X Capital Venture Acquisition Corp. III (10X III) (NYSE: VCXB), a special purpose acquisition company, today announced that they have entered into a merger agreement for a business combination that would result in the combined company being a publicly listed company (the public company following the business combination to be renamed “Addimmune”). The combined company is expected to trade under the ticker symbol “HIV”. Addimmune is a clinical-stage gene and cell therapy company developing a functional cure for HIV. Prior to the combination, the non-HIV assets will spin-off into an entity that will retain the American Gene Technologies name. Full press release below:

10X III and AGT have entered into a non-binding letter of intent (“LOI”) with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald & Co. (“Cantor”), an underwriter of 10X III’s initial public offering, with respect to a $50 million committed equity facility. 


Entertainment

The Montgomery County Agricultural Fair returns this Friday, August 11th and will run through Saturday, August 19th. This will be the 74th annual fair and it’s third year back after having to cancel for the first time in its 70+ year history in 2020 due to Covid restrictions. Discount days at the fair include “Family Days” on Monday, Aug. 14, and Wednesday, Aug. 16, with $25 all-day rides, “Senior Day” on Tuesday, Aug. 15, that includes free admission to seniors 62+ until 5pm, and “Military Day” on Thursday, Aug. 17, which allows for free admission for active military in uniform or with a valid military ID through 5pm.

Make sure to join us opening night for the Fifth Annual Fair Foodie Awards, which will take place at 6pm at the seating tent across from the souvenir booth. Guest judges will include Montgomery County Police Chief Marcus Jones and MoCoShow founder “Mr. MoCo” Alex Tsironis.  Last year’s Foodie winners included Cajun Chicken on a Stick and Cotton Candy Lemonade.


Beyond MoCo

Cousins Maine Lobster, a leading quick-service Maine lobster roll concept, has announced the launch of their newest franchise market in Maryland. They are celebrating with the grand opening of the new food truck on August 18 at Streetcar 82 Brewing Company in Hyattsville, Maryland. The grand opening will take place between 12pm and 8pm at Streetcar 82 Brewing Company on 4824 Rhode Island Ave.

The operation is led by franchisees and brothers Yunus and Thameem Shahul and is part of a multi-unit franchise food truck deal for Washington, DC; Maryland; and Virginia. Yunus Shahul joined the Cousins Maine Lobster Franchise Family in September 2018 with his first food truck in Connecticut. Over the past five years the brothers have worked together to expand their franchise footprint to five markets that span from Connecticut to Virginia. The Shahul brothers launched their first DMV-area food truck in Virginia in March 2023 and have seen great success. “We are committed to investing in the DMV with the goal of building the same strong customer base that we have in our established markets,” Yunus explained. “Our brand has experienced great growth and a strong customer following on the East Coast and we know we can continue to connect with consumers in the DMV.”


Sponsored

Montgomery County, MD is commonly known as being a suburb of the nation’s capital, but what might surprise some is that it is also home to a thriving biotech ecosystem. With over 350 life sciences companies, including global brands like AstraZeneca, United Therapeutics, and Novavax, Montgomery County anchors the third largest biophama hub in the U.S., behind only Boston and San Francisco.

Running annually in Washington D.C. for over 25 years, World Vaccine Congress attracts an international audience from over 80 countries and convenes more than 3,000 people to learn about the latest trends, research, and technologies in the vaccine industry. This year, Montgomery County took center stage, with a featured session on the extensive Biologics Value Chain in the County, as well as a session during which County Executive Marc Elrich spoke about the extensive resources available to companies here, and an exhibit space showcasing these resources.

A Complete Biologics Value Chain in One Region

One of the defining strengths of Montgomery County is its ability to support the full lifecycle of biologics, all the way from early research to large-scale manufacturing. During the panel discussion, moderated by Dr. Stefanie Trop, Director of Life Sciences at the Maryland Department of Commerce, local leaders emphasized that the region’s strength lies in its network of partners who work collaboratively across discovery, development, testing, and production. Panelists from companies in all stages of the value chain spectrum included Dr. Andrew Lees, Founder of Fina Biosolutions, Benjamin Moutier, Senior Vice-President, Vaccines and Immune Therapies at AstraZeneca, Dr. Helen Sabzevari President & CEO of Precigen, and Dr. Frederick Holtsberg, Chief Scientific Officer of Integrated BioTherapeutics.

This end-to-end capability in close geographical proximity gives companies a unique advantage and is rare to find in other markets, even established ones like San Francisco and Boston. In fact, only a handful of places worldwide offer the combination of infrastructure, expertise, and collaboration found in Montgomery County and if diversity, education and population density are taken into consideration – then Montgomery County standouts even more.

“Gaithersburg is one of the six places in the world where we can do what we’re doing,” explained Benjamin Moutier, Senior Vice-President, Vaccines and Immune Therapies, AstraZeneca. “We have the right partners at every step of the value chain [in Montgomery County].”

A Strong Partnership Network

Biotech breakthroughs rarely happen in isolation. They depend on strong partnerships between private companies, local and state governments, academic institutions, and workforce training organizations. Montgomery County has intentionally cultivated these connections, making collaboration and coordination defining characteristics of its life sciences ecosystem.

Dr. Frederick Holtsberg, Chief Scientific Officer at IBT Bioservices, a full service CRO offering clinical & preclinical contract research services, says the company’s close partnerships between them and local stakeholders have been crucial to its success. “As a Rockville-based company, we’re grateful for the partnership and support from city, County, and state leaders,” explained Dr. Holtsberg. “These programs have helped fuel our growth, and we’re excited about the continued momentum of our community.” (more…)


MCFRS

Montgomery County Fire and Rescue Services (MCFRS) responded to the 2200blk of McAuliffe Dr., near Meadow Hall Drive, in Rockville (near Twinbrook Library), around 7:45am on Thursday, August 10 after a car struck a utility pole and then crashed into a home. According to Rockville Police, “Driver is a 67-year old male, he is not the homeowner. A case of operator error, driver transported with minor injuries, cited for various traffic offenses. Housing inspectors are currently on scene.”

Chief Spokesperson for MCFRS Pete Piringer tweeted that the occupied vehicle was in contact with ‘live’ powerlines. We will post an update if additional information becomes available.


Event

Beautiful venue; great art, gifts and hand-crafted items; refreshments; and meet the award-winning painters, photographers, mixed media artists, ceramicists, fiber artists, and more – some 40 artists in all. It’s an extraordinary array of framed wall works, 3-d media including sculpture, ceramics, jewelry, and fiber pieces, and unframed prints.

Among them, you’ll see:


Bethesda

Per the Montgomery County Office of Emergency Management and Homeland Security, “Fire department activity blocks 4 lanes of SB I-270 just prior to Exit 1/Democracy Blvd. Only the right lane gets by. Expect significant delays. Seek alternate route. #MdTraffic” We will post an update when additional information is available.

Update – SB I270 Spur IAO Westlake Ter Bridge/ramp, collision, involves several vehicles, incl overturned truck/vehicle, 2patients carrying pesticides, @mcfrs HM707, SU725, BC702, BC704, PE726, PE733, T710, A726, A710, EMS702 PE720 T725, BC7O3 assisting, some lanes blocked


Beyond MoCo

Starting October 7th, Titanic: The Exhibition will be in the DMV as it comes to 151 St George Blvd, Oxon Hill, MD 20745 at National Harbor. The visit, which takes approximately 80-90 minutes, will include an audio guide who will take you on a narrative experience describing the events on that fateful day in 1912. Visitors will be able to unravel the true story of the ship through personal belongings, photographs and other relics and walk through a recreation of the ship’s interior—from a first-class suite to a humble third-class cabin.

“The Exhibition is far more than a display of historic items: it is a unique narrative experience, a tale of the people aboard history’s most legendary ship on its maiden and final journey. Travel back to 1912 through photographs, handwritten letters, wayward keepsakes, and other personal belongings telling countless stories about the fates and heroic deeds on board.”


Derwood

Montgomery County Police and Montgomery County Fire and Rescue Services responded to an incident Wednesday evening in Derwood. According to MCPD, “At approximately 8 p.m., MCP officers responded to the area of East Gude Drive and Crabbs Branch Way for the report of a pedestrian that was struck by a vehicle.

Officers arrived at the scene and determined that a pedestrian was not struck by a vehicle. Officers located a juvenile female in distress. The mother of the juvenile female arrived at the scene and assaulted officers. The juvenile female was transported to an area hospital for an Emergency Evaluation Petition.  


Arts

Per Montgomery County: The Wheaton Arts Parade organization, which is constantly expanding its range of activities, will sponsor two upcoming events including a guided tour of its artists “pyramids” that are placed around Brookside Gardens in Wheaton on Saturday, Aug. 12, and a “Yarn Bomb” at the Wheaton Library on Sunday, Aug. 13, that will lead to decorating the Wheaton area in creations of knitted and crocheted works.

The “Guided Garden Tour of Pyramids” will be part of pop up art activities at Brookside Gardens from 9 a.m.-noon on Aug. 12. Brookside Gardens is located at 1800 Glenallan Ave. in Wheaton.


Business

Gaithersburg-based Emergent BioSolutions has made the decision to cut 400 jobs and scale back operations at some its facilities, instead focusing on core products such as overdose reversal nasal spray Narcan and anthrax vaccines. The company is also eliminating its chief operating officer (COO) position. According to WTOP, “the job cuts are at Emergent’s Bayview facility in Baltimore, at its drug production facility in Rockville, as well as another facility in Canton, Massachusetts.”

In March, the FDA granted the over-the-counter approval of Narcan to Emergent BioSolutions. It became the first naloxone product approved for use without a prescription. “Emergent’s business pivot is expected to result in yearly savings of more than $100 million, the company explained. The moves will cost Emergent around $20 million—costs it expects to incur in the third quarter of 2023.” according to FiercePharma.