Business Archives - The MoCo Show

Published September 1, 2022 at 5:53PM

Planet Fitness at 13031 Wisteria Dr in Germantown has recently begun renovations to the location. Part of the renovations include expanding next door into the former site of Eye to Eye, which relocated to 19520 Waters Rd in Germantown over a year ago. In addition to more gym space, the location will also be upgrading it’s Black Card spa area. We’re told the construction is scheduled to last 11 weeks and the gym will remain open during this time.

In July we let you know that Planet Fitness will be opening a new location at 5520 Randolph Rd in Rockville (Montrose Shopping Center) in the space that was formerly occupied by Gold’s Gym. Though an opening date has not yet been set, we were told today that the current Rockville location at 1776 E Jefferson St in Federal Plaza will close when the new location opens. The new location is currently under construction.

Silver Spring

Silver Branch Brewing Co. to Merge With Virginia Based Old Ox Brewery

By Patrick Herron

Published April 11, 2022 at 11:47AM

Silver Branch Brewing Co. (8401 Colesville Rd #150, Silver Spring) announced today that they will be merging with Old Ox Brewery (Ashburn & Middleburg, VA) to form one company.

According to a press release, both breweries will maintain their individual brands and tasting rooms.

Business

Rockville’s Emmes Acquires Casimir, Its Fourth Major Acquisition

By MCS Staff

Published March 13, 2022 at 7:08PM

Rockville-based Emmes (401 N Washington Street), a global, full-service Clinical Research Organization (CRO) dedicated to supporting the advancement of public health and biopharmaceutical innovation, last week announced that it has acquired Casimir, a U.S.-based CRO. Casimir has experience in more than 20 rare diseases and has worked with regulators, sponsors and patients to develop outcome measures that capture the nuances of disease progression and treatment benefit.

Emmes Chief Executive Officer Dr. Christine Dingivan said, “This is the fourth acquisition for Emmes in just over a year, as we continue to add new biopharma clients and deepen our innovative research capabilities. The combination of Casimir and Emmes will further differentiate our global rare disease center of excellence, Orphan Reach™. We plan to continue and accelerate the groundbreaking work of Casimir in neurodegenerative and neuromuscular conditions with remote data capture and patient outcome standardization.”

Business

Gaithersburg: Salubris Biotherapeutics Announces $32 Million Financing to Advance Novel Complex Biologics for Cardiovascular, Oncology, and Neurodegenerative Diseases

By MCS Staff

Published March 9, 2022 at 9:26AM

Reports Promising Early Data from Lead Clinical Program, JK07, for the Treatment of Heart Failure with Reduced Ejection Fraction

Initiates Enrollment in Second Cohort of JK07 Phase 1 Dose Escalation Study

Business

Gaithersburg: Edgybees Named to Fast Company’s Annual List of the World’s 50 Most Innovative Companies for 2022

By MCS Staff

Published March 9, 2022 at 9:14AM

EdgyBees Logo

The leading geospatial intelligence software company joins the ranks of Canva, Microsoft, SpaceX, and more.

Edgybees, the global leader in geo-registration software that’s headquartered on Washingtonian Blvd in Gaithersburg, has been named to Fast Company‘s prestigious annual list of the World’s Most Innovative Companies for 2022. This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole—ultimately thriving in today’s ever-changing world. These companies are creating the future today with some of the most inspiring accomplishments of the 21^st century. In addition to the World’s 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

Bethesda

Bethesda: Perseus TDC Acquires Bethesda Office Building, Announces Plans For Multifamily Development

By MCS Staff

Published March 9, 2022 at 9:05AM | Updated March 9, 2022 at 9:48AM

Perseus TDC announces it has acquired a five-story, 65,000-square-foot office building at 4405 East-West Highway in Bethesda, Maryland with plans to redevelop the site as a 10-story multifamily community with more than 300 units. Entitlement and design is underway, and construction is expected to begin in 2024.

“Perseus TDC is focused on developing highly-amenitized multifamily communities in premier D.C. metro locations, creating value for our investors and improving the community for all residents,” said Adam Peters, Regional Partner at Perseus TDC. “Our commitment to building the best product for all price points drives our design approach and strategy.”

Business

Olney: Sandy Spring Bank Makes Top 5 of ‘America’s Best Banks’ List by Forbes

By MCS Staff

Published March 3, 2022 at 7:10PM

Sandy Spring Bank is a community bank headquartered in Olney, serving the Washington metropolitan area. It operates 55 branches and 6 financial centers. The local bank came in at #5 on the 13th annual ‘America’s Best Banks’ list by esteemed business magazine, Forbes.

Forbes’ 13th annual America’s Best Banks list looks at growth, credit quality and profitability to rank the 100 largest publicly-traded banks and thrifts. Sandy Spring Bank came in 5th nationally and was the highest ranking D.C. area bank.

Bethesda

Newly Opened Marriott Bethesda Downtown is Marriott’s 8,000th Property

By MCS Staff

Published March 2, 2022 at 10:33AM

The Highly Anticipated 245-Room Hotel Features Inspired Spaces, Enriching Experiences, Three Food-and-Drink Concepts, Creative Meeting Spaces and Locally Influenced Design in the Heart of Bethesda, Maryland

Per Marriott:

Business

Silver Spring: Man Who Received Pig Heart Xenotransplanation Continues to Show Strong Cardiovascular Function 7 Weeks Later; United Therapeutics 2021 Financial Results Released

By MCS Staff

Published February 28, 2022 at 11:52AM

(Photo: University of Maryland Medical Centre)

Silver Spring’s United Therapeutics Corporation provided an update on Mr. David Bennett, the first UHeart™ recipient, stating that “The recent transplants of our xenoheart and xenokidney products demonstrate the tremendous potential of our business model for the second half of the 2020s and beyond. Indeed, Mr. David Bennett, Sr., the first UHeart™ recipient, continues to have strong cardiovascular function seven weeks after his transplant.”

The surgery took place at the University of Maryland Medical Centre (UMMC). It was a first of its kind transplant of a genetically modified pig heart that was successfully carried out in David Bennett, a 57-year-old man with terminal heart disease.

Business

Germantown: BurgerFi Selects Hughes to Support its Expanding Enterprise with Managed Network Services

By MCS Staff

Published February 25, 2022 at 1:00PM

Germantown’s Hughes to deliver full suite of cloud-based network management solutions to help BurgerFi evolve fast-casual dining with technology and innovation

BurgerFi International, owner of one of the nation’s fastest-growing premium fast-casual and casual dining concepts through the BurgerFi brand, and the high quality, casual dining brand Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), selected Germantown’s Hughes Network Systems, LLC (HUGHES), an innovator in multi-transport technologies and networks, to upgrade, optimize and manage network infrastructure and digital signage. The move will support BurgerFi’s commitment to provide the best restaurant guest experience while continuing its aggressive expansion up the Eastern Seaboard.

Clarksburg

Clarksburg: RR.AI Expands Leadership Team to Support Rapid Growth

By MCS Staff

Published February 25, 2022 at 11:12AM

Industry Veteran Kyle Williams named VP of Commercial Business Development

RR.AI, the commercial division of Clarksburg-based Robotic Research, a global leader in autonomous driving technology, today announced the appointment of Kyle Williams as the company’s vice president of commercial business development. In this role, Kyle will execute the company’s commercial strategy by identifying new business opportunities, expanding the company’s client base, and building key strategic partnerships.