Novavax Inc. is selling off its manufacturing business to Baltimore’s Paragon Bioservices Inc., now part of New Jersey-based Catalent Inc., in a move the Gaithersburg biotech’s CEO says will cut its burn rate by more than half. The Gaithersburg company will turn over two of its manufacturing facilities and equipment to Paragon (NYSE: CTLT), for $18 million in cash. More than 100 of Novavax’s employees will also become part of Catalent. The New Jersey company’s acquisition of Paragon, one of…
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“Our largest quarters are ahead of us,” McCormick CEO Lawrence Kurzius said.
The new hub will also include loft-style apartments, retail and a new restaurant called North Market, said developer Yonah Zahler.
A new study by personal finance site SmartAsset sought to find where homebuyers can get the best bang for their buck, and named Baltimore among the most undervalued U.S. cities. Charm City lands at No. 5 on the ranking, which compared 189 cities based on factors including the price of homes per square foot and other quality of life metrics. Baltimore was given a high score for the value of its homes, which based on a model of its own creation SmartAsset found to be $223.07 per square foot. That's…
Locked-out Baltimore Symphony Orchestra musicians will keep their health and dental benefits through July and August after all, symphony management said Thursday. Musicians, who have been negotiating a new contract since their most recent one expired earlier this year, were initially told their insurance would run out at the end of June. But donors, including members of the BSO Board of Directors, have stepped in to pay for the benefits to be extended, according to the announcement. A symphony…
