Rockville Archives - Page 192 of 360

Rockville BioTech Developing “Functional Cure for HIV” Announces Merger Agreement That Will Take The Company Public

Published August 10, 2023 at 10:59AM

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.

Driver Trapped Inside Vehicle After Crashing Into Home Thursday Morning

By Patrick Herron

Published August 10, 2023 at 9:51AM | Updated August 10, 2023 at 10:24AM

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.

Gaithersburg-Based Emergent BioSolutions To Cut 400 Jobs, Scale Back Operations at Some Facilities

By MCS Staff

Published August 9, 2023 at 5:10PM

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.

Children’s Business Fair Returns to Downtown Rockville on Saturday, Aug. 19

By Patrick Herron

Published August 9, 2023 at 4:31PM

Per Montgomery County: The Third Annual Montgomery County Children’s Business Fair will return to Rockville Town Center from 11 a.m.-2 p.m. on Saturday, Aug. 19, to display the works and ideas of more than 55 young entrepreneurs. The event is free to attend and open to the public.

The fair is back after a three-year hiatus due to the COVID-19 health crisis. The event was founded Tameka Montgomery of the Raising Entrepreneurs Podcast and a senior executive at the U.S. Small Business Administration.

Adult Bike and Scooter Classes This September, October and November

By Patrick Herron

Published August 8, 2023 at 5:28PM

Per MCDOT: The Montgomery County Department of Transportation (MCDOT), in collaboration with the Washington Area Bicyclist Association (WABA), is offering adult bike classes in September, October and November. The classes include both Learn to Ride and Basic Skills classes. MCDOT also will offer four free, walk-up scooter classes following select bike classes.

Advance registration is required to participate in the bicycle classes and cost $10 for Montgomery County residents. There is no charge for WABA or Capital Bikeshare For All members. Bicycles and helmets will be provided at no charge for the adult Learn to Ride class participants and can be rented from WABA, if needed, for the Basic Skills class participants. Scooter classes are free of charge.

Progress at Dunkin’ in Traville Gateway

By MCS Staff

Published August 8, 2023 at 11:47AM | Updated September 26, 2023 at 5:05PM

Last December, we let you know that Dunkin’ is continuing its massive expansion across the country and within MoCo, with an upcoming location coming to the Traville Village Center in Rockville. Crews have been working on both the interior and exterior of the space, with a projected opening timeframe of late 2023/early 2024.

Earlier this year learned that Dunkin’ will be taking over 1,500 SF in the back half of the building that was previously home to Capital One Bank building at 9761 Traville Gateway Drive (rendering available below). The location will also have a drive-thru. 1,700 SF on the front side of the building is still available to lease and has also received a facelift since its days as a bank (photo below).

Shady Grove Medical Center and Partner In-Site Earn Energy Conservation Award

By MCS Staff

Published August 8, 2023 at 7:11AM

Adventist HealthCare Shady Grove Medical Center is saving lives while also saving energy. The hospital and its partner InSite, a building intelligence company, have been honored by PEPCO for their success in energy conservation.

Shady Grove Medical Center and InSite received the 2022 Pepco Service Provider Award for Innovation. The honor recognizes participating service providers in Pepco’s Energy Savings for Business programs, which reward excellence in energy savings, project work and customer service.

Rockville’s Rocktobierfest to Take Place This September

By MCS Staff

Published August 7, 2023 at 9:59PM

Rocktobierfest is set to return to Rockville after last year’s cancellation. The event will take place on Saturday, September 30, 2023, from 11 a.m. – 5 p.m. and features two stages of entertainment, including German and rock music. Guests can also enjoy beverages for sale by local breweries and participants, food, and an artisan shopping area. This annual event attracts nearly 10,000 people to Rockville Town Center.

Local artisans and breweries are invited to apply to participate as a vendor for Rocktobierfest. Click on the appropriate application below to download the rules and application for this year’s festival. Applications are due by Friday, August 11, 2023. Additional information and applications can be found here.

Police and Family Searching for Missing 14-Year-Old

By Patrick Herron

Published August 7, 2023 at 2:49PM | Updated August 8, 2023 at 9:50AM

Anyone with information regarding the whereabouts of Jayleen Natalie Chavez is asked to call Montgomery County Police Non-Emergency (301) 279-8000 (24-hour line).

The Special Victims Investigations Division is asking for the public's assistance in locating, Jayleen Natalie Chavez, a missing 14-year-old.https://t.co/vz79A8WEHK #mcpd #mcpnews #missing pic.twitter.com/YQA75k72fm

Redevelopment of Loehmann’s Plaza Proposed in Rockville

By MCS Staff

Published August 6, 2023 at 10:47PM | Updated August 8, 2023 at 12:11PM

Earlier this year Rosenfeld Investments sent a letter to the community informing them of plans to redevelop the Loehmann’s Plaza shopping center, located at 5200 Randolph Rd. in Rockville. The shopping center was the longtime home of the Loehmann’s department store and, until recently, of Chuck E. Cheese. The plans include a proposed mixed-use development including up to 50,000 square feet of retail use and up to 750,000 square feet of residential use with up to 680 dwelling units. The first phase of the project would be up to 84 of the dwelling units with a 23,000 SF grocery store with other development to occur in future years.

Per Rosenfeld Investments, “the Property currently is developed with a shopping center (Loehmann’s Plaza) and a large surface parking lot. In recent years, retail trends have changed and major retail uses have been migrating to areas like Rockville Pike and to mixed-use centers like Pike and Rose. At the same time, there is an acute demand for new housing in mixed-use areas like this, near transit service, and Applicant has determined that it is in the public interest to redevelop the property in stages with a combination of residential and retail uses.”

Gama Chicken, Formerly Choong Man/CM Chicken, Closes Permanently in Rockville

By MCS Staff

Published August 6, 2023 at 9:57PM

Courtesy Google Maps

Earlier this year, Choong Man (CM) Chicken rebranded to Gama Chicken & BBQ at 765 Rockville Pike #E. At the time a representative from the restaurant, which specialized in Korean style fried chicken, let us that they made the change in early 2023 and that you can still find many of the same or similar menu items. Several readers have pointed out that the restaurant recently closed and GAMA is now listed as being closed permanently via Google with the phone number no longer working.

CM Chicken at 12933 Wisteria Dr in Germantown also rebranded to Chicken Pocho earlier this year. That restaurant remains open. CM Chicken opened in Rockville in late 2020. About Gama Chicken & BBQ: “Established over 6 years ago, we are a korean fried chicken franchise made with only the freshest and highest quality ingredients. Whether you eat in, get it to go, or get delivery, Gama Chicken will make sure to satisfy your taste buds.” Featured photo courtesy of Google Maps.