Germantown-based biotechnology company Seraxis has entered into a definitive merger agreement with Sernova Biotherapeutics to create BetaNova Biotherapeutics, a new company focused on developing cell-replacement treatments for type 1 diabetes.
Business
The newly constructed building housing The Learning Experience at 9963 Stedwick Road in Montgomery Village has sold for $8.25 million, according to Maryland Newsletters. The daycare is expected to continue operating with no changes.
Peterson Companies has acquired a five-story office building at Rio in Gaithersburg for $11,075,000, according to Hyatt Commercial.
Chevy Chase-based Forbright Bank has entered into an agreement to sell its Washington, D.C.-area legacy branches and associated deposits to Trustar Bank.
Germantown-based Great Kids Events, formerly known as Andy’s Parties, has announced an ownership change after more than two decades in business.
MedStar Health has launched a specialized Cardio-Obstetrics Clinic at MedStar Montgomery Medical Center in Olney, expanding access to cardiovascular care for women before, during and after pregnancy.
Potomac Place Shopping Center, a longtime grocery-anchored retail center in Potomac, has secured $50.75 million in permanent fixed-rate financing, according to Northmarq.
Woodmont Country Club has announced the appointment of Aaron Fox as its new director of racquets, bringing an accomplished racquets executive and nationally ranked tennis player to the prestigious private club in Rockville.
Marriott International, headquartered in Bethesda, has added another high-profile property to its portfolio with the debut of The Potomac Hotel, Autograph Collection in Washington, D.C.
Rockville-based Supernus Pharmaceuticals, headquartered at 9715 Key West Ave., has announced plans to merge with Indivior Pharmaceuticals in a deal that will create a larger company focused on developing and selling medications that treat conditions affecting the brain and nervous system, including neurological disorders, mental health conditions and addiction.
Montgomery TennisPlex, located at 18010 Central Park Circle in Boyds, is entering a new chapter as Marco Impeduglia has officially acquired the facility from founders Jack Schore and Anne Pallie, who have spent more than 13 years building it into one of the region’s premier destinations for tennis and pickleball.