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July 21, 2011

The largest biotech in the Baltimore-Washington area measured by market value said Benlysta is gaining momentum in net sales

After more than a decade of research, development, and waiting more than a year for a delayed FDA approval, Human Genome Sciences, Inc (NASDAQ: HGSI) finally has a drug on the market that it can consistently sell to the healthcare industry.

The Rockville, Md biotechnology company reported Benlysta net sales of $7.8 Million. $1.2 Million in additional sales were excluded due to non-delivery to healthcare providers prior to the release of second quarter financial results.

Increasing Lupus Drug Sales

July 12, 2011

Choice Hotels International, Inc (NYSE:CHH)  has completed a lease agreement to move its global corporate headquarters to Rockville.

The popular hotel management company will take up an entire building to be constructed at 121 Rockville Pike. The 130,000 square foot Class A office building is expected to break ground shortly, for a projected spring 2013 move in.

June 16, 2011

Despite recession, several Maryland Biotechs turn a profit

Biotechnology firms have been reported to be hard hit by the recent recession; struggling to stay afloat amid a dearth of venture capital funding and and lack of new drugs selling on the market. The Biotech industry is often pigeonholed as frail, cash strapped and high risk; spending years on research to develop drugs but often ending with failure and bankruptcy.

But in Maryland it's a different story. Several biotech firms have achieved profitability for their full fiscal year and some of them for the first time in the midst of a troubled U.S. economy.

July 20, 2015

President and Chief Executive Officer of Ciena Corporation (NYSE: CIEN) filed the following stock transactions with the SEC on July 20, 2015.

Gary B. Smith acquired and disposed of Ciena stock between between July 16, 2015 and July 17, 2015. Smith's transactions were as follows,

April 25, 2012

Fulton, MD-based industrial engineering firm Colfax Corp (NYSE:CFX)President and Chief Executive Officer made the following stock transactions on April 22, 2012.

Steve Simms acquired 350,000 common stock shares under an Employee Stock Option plan, at an exercise price of $31.98 under general transaction code A (Grant, award or other acquisition pursuant to Rule 16b-3(d)).

April 18, 2012

Gaithersburg-based internet technology firm BroadSoft Inc (NASDAQ: BSFT) President and Chief Executive Officer made the following stock transactions on April 16, 2012.

Michael Tessler acquired 10,000 common stock shares at an average price of $2.40, totaling $24,000 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 225,573 beneficially and directly owned shares remained April 16, 2012.

April 17, 2012

Linthicum, Md- based computer networking firm, Ciena Corp (NASDAQ:CIEN) President and Chief Executive Officer, Gary B. Smith made an amendment to stock transactions on March 21, 2012.

Gary B. Smith disposed of 2935 Common Stock shares at an average price of $15.662, totaling $45,967.97 under general transaction code S (Open market or private sale of non-derivative or derivative security). 432,300 beneficially and directly owned shares remained March 21, 2012.

April 4, 2012

McLean-based government contractor Science Applications International Corporation (SAIC) (NYSE: SAI) President and Chief Executive Officer, John P. Jumper made the following stock transactions on March 30, 2012.

September 9, 2011

Geeknet, Inc. (Nasdaq:GKNT), which moved its headquarters from California to Fairfax County, Va last year has replaced its current CEO for ThinkGeek.

Colon Washburn will become President and Chief Executive Officer replacing Caroline Offutt who will remain a consultant of the Geeknet subsidiary.

August 6, 2011

Constellation Energy Expects Milestone Achievements with Exelon

Baltimore-based parent of BGE--Constellation Energy (NYSE: CEG), reported earnings of $108.1 Million in the second quarter ended June 301, 2011. Revenue increased slightly to $3.36 Billion. As of June 30, 2011 the company had $954.8 Million in cash and cash equivalents, less than half of the amount at the end of December 31, 2010. Constellation Energy is in negotiations with Exelon Corporation for a merger agreement expected to close in 2012.

August 1, 2011

Choice Hotels Reports Second Quarter 2011 Diluted EPS of $0.46, Domestic RevPAR Growth of 6.6%

SILVER SPRING, Md., Aug. 1, 2011 /PRNewswire via COMTEX/ --

Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for second quarter 2011:

July 21, 2011

Olney, Md based Sandy Spring Bancorp (Nasdaq:SASR), parent company of Sandy Spring Bank reported positive financial results including an increase in profits.

Net income for the second quarter ended June 30, 2011 was $8.296 Million compared to $6.259 Million for the same time last year.

July 19, 2011

The agreement could mean another merger and acquisition for the region

Another area based biotechnology company has partnered with a company on the other side of the country, a much larger company, far, far away from here.

This time it's Rockville based Micromet, Inc.

Micromet, Inc labels itself as a biopharmaceutical company focused on finding treatments for cancer through commercialization of innovative antibody based therapies. The company traces its root back to 1993 in Munich, Germany where a small group of scientists set upon treating cancer via T cell based therapies.