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Governor Leading Asian Trade Mission
Gov. O’Malley is leading one of the state’s largest overseas delegations on a 10-day economic development mission in China, Korea and Vietnam to boost trade and investment and promote Maryland as the ideal location to establish U.S. operations. During the first stop in China, the Governor announced more than $45 million in deals with Chinese companies and institutions, including a $40 million investment by Tasly Group (see story below). The mission will also include a meeting with South Korea’s National Minister of Knowledge Economy Choi Joong-kyung. Read more....
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China’s Tasly Group Invests $40M in MD Facility
Leading Chinese biopharmaceutical company Tasly Group will invest $40 million in a new Montgomery County U.S. operation, the largest investment in Maryland by a Chinese company. Tasly plans to create dozens of jobs at a 430,000 SF production facility and training center in the Shady Grove Life Sciences Center as they prepare for Phase III FDA trials of CDDP, their leading traditional Chinese medicine. Tasly Chairman Dr. Yan Xijun said Maryland was a “perfect fit” due to its talent base, R&D infrastructure, location, rich scientific community and world-class universities. Read more...
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Mission Brings Chinese, MD Companies Closer
In addition to the Tasly Group, several important agreements were announced during the Asian mission. Maryland-based RTKL will provide design consulting services to Beijing United Family Hospital and Columbia-based nutritional product developer Martek Biosciences will renew its partnership with Chinese company COFCO for the use of Martek's signature product life’s DHA in cooking oils. Towson University will provide a faculty training program and school management services for Pudong Educational Bureau; and Baltimore-based Wall Street Institute School of English will start a language training program for the Shanghai Police Academy.
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Two Firms Join MI2; 3rd Renews Contract
Emerging Chinese life science companies Sunscape and CellPath China announced plans to set up U.S. operations in Maryland’s International Incubator (MI2). Solar Energy company DaSol Energy Science and Technology will also renew its MI2 contract. Home to 16 international firms, the incubator connects Maryland and international companies through targeted business services, state-of-the-art facilities and first-class resources.
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Exis Interactive Scores with ExportMD Grant
Towson’s Exis Interactive Games Founder Peter Kojesta (left) never imagined what a small push in the right direction might do. After years of going to the Game Developers Conference in San Francisco as an attendee, he was awarded an ExportMD grant and used the funds to set up as an exhibitor. As a result, he found numerous leads and a publisher for his game, Majestic-12, which will be available via Xbox 360 and PC, and expects to hire about 50 workers this year. Learn more about ExportMD Grants.
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Maryland Gears up for BIO 2011
The state will have a large presence at this year’s Bio International Convention in Washington, D.C., June 27-30. The BioMaryland Pavilion will highlight some exciting made-in-Maryland products such as FluMist, Synagis and a chemical agent detector. More than 5,000 industry leaders, executives and thinkers from over 65 countries will be on hand. Chinese and French delegations, among others, will meet with the state’s Office of International Investment and Trade.
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