Gaithersburg’s Novavax has received emergency use authorization in India just one week after the European Union authorized the use of Novavax Inc.’s Covid-19 vaccine for adults.
In an early December meeting, the City of Gaithersburg unanimously approved Novavax’s development plan.
Earlier this week, National Convenience Distributors, LLC announced the acquisition of Century Distributors Inc., one of the Mid-Atlantic region’s largest full-line wholesale distributors to the convenience and grocery store industries. Financial terms were not disclosed.
Century Distributors, founded in 1976 and located in Rockville, Maryland, will join NCD as a newly created division. Currently, National Convenience Distributors is the 4th largest wholesale convenience distributor in the U.S., servicing 12 states along the I-95 corridor, with annual revenues in excess of $3 billion.
Per VLP Therapeutics:
Gaithersburg, MD — US-based biotech company VLP Therapeutics, Inc. (VLPT) announced on December 27 that it has signed an agreement for an investment of US$21 million in a Series A-1 round from six investors, consisting of two new investors: Nobelpharma Co., Ltd.and MUFG Bank, Ltd., and four existing investors: Sojitz Corporation, MIYAKO Capital Co., Ltd., Mr. Robert G. Hisaoka and SK Impact Fund, LLC.
The buyer will operate a full-service Chinese/Seafood restaurant. We are told the buyer already has one location open in Montgomery County, but we don’t have a name for the restaurant at the moment. The building is 10,129 sf and came fully equipped. It seats over 300 people.
Truebill Inc., a personal finance startup based in Silver Spring is set to be acquired by Rocket Companies, a Detroit tech platform company for nearly $1.3 billion, per a Rocket Companies press release yesterday.
DETROIT, Dec. 20, 2021 /PRNewswire/ — Rocket Companies, (NYSE: RKT) the Detroit-based platform company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced it has entered into an agreement to acquire Truebill, the leading personal finance app that helps consumers manage every aspect of their financial lives, for $1.275 billion in cash.
Biz Journals recently released a list of D.C. area banks that have proposed to close. Below you’ll see the Montgomery County locations that are on the list, some of which have already closed:
Chase Bank has proposed two new Montgomery Counry locations. One near River Road and Falls Road, and one in the old Meixin location on Rockville Pike.
CLARKSBURG, Md.–(BUSINESS WIRE)–Robotic Research, a global leader in autonomous mobility and robotics solutions, today announced a $228 million funding round—the first outside capital the company has raised. This funding will drive further innovation and expansion of Robotic Research’s commercial division, RR.AI, which is focused on delivering comprehensive autonomous driving solutions for commercial truck, bus, drayage and logistics vehicles. Investors in the Series A round include SoftBank Vision Fund 2, Enlightenment Capital, Crescent Cove Advisors, Henry Crown and Company, and Luminar Technologies, Inc.
“This investment reflects our success in developing autonomous solutions for our U.S. government customers, and will provide the resources needed to meet our growing commercial customer demand and the expansion of our commercial efforts,” said Alberto Lacaze, CEO, Robotic Research. “Our long history and experience has enabled us to develop a proven solution that is not only rugged, safe, and reliable, but also versatile and ideal for operating across a variety of environments, weather conditions, and use cases.”
ProShares, a premiere provider of ETFs based in Bethesda, launched the first bitcoin-linked ETF in the United States (NYSE Ticker: BITO) back on October 19th.
After the October launch, over $1 billion was invested into it in two days, making it the the fastest that any exchange-traded fund has reached that milestone.
Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”), a hotel-focused real estate investment trust (“REIT”) headquartered and incorporated in Bethesda, Maryland, today announced that it has completed the sale of the Company’s 15 hotels.
The sale of the hotels was completed pursuant to the previously announced Hotel Purchase and Sale Agreement, dated September 22, 2021, between the Company and B9 Cowboy Mezz A LLC, a Delaware limited liability company and an affiliate of Blackstone Inc. (the “Buyer”), in which the Company agreed to sell the hotels to Buyer and Buyer agreed to purchase the hotels for a purchase price of $305,000,000.
Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, announced today that American Institute of Aeronautics and Astronautics (AIAA) awarded Pradman P. Kaul, president and CEO of Hughes, the 2021 Aerospace Communications Award. Kaul received the award, which recognizes outstanding contributions in the field of aerospace communications, for his leadership in the creation and development of the very small aperture terminal (VSAT) and its significance to the satellite communications industry.
“Thank you to the AIAA for this honor. It reflects the innovations and contributions of a long line of engineers at Hughes with whom I have had the privilege of working,” said Pradman P. Kaul, president and CEO at Hughes. “As we celebrate half a century since the start of Hughes, I continue to be amazed and humbled by what our industry has accomplished and how much we still stand to achieve.”
IPO, Private Investment and Venture Capital Funding Tops $18 Billion in More than 76 Companies Across Life Sciences, Health Tech, Media and Quantum Industries
Per MCEDC: