Rival to buy local biotech pioneer Genovo; the Sharon Hill firm was the major corporate backer of gene therapy research at Penn. Those ties will end

Article Abstract:

Sharon Hill-based Genovo Inc. agreed to be acquired by its rival in genetic research, Seattle-based Targeted Genetics Corp. for $89.9 million in stock. Since Targeted has collaborations with the University of Washington, Johns Hopkins and the Un. of North Carolina, Genovo's agreement with the Un. of Pennsylvania will be discontinued.

Genovo Inc., Targeted Genetics Corp., TCGN

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Gene-therapy firm fetches $120 million

Article Abstract:

Norristown, NJ-based Principia Pharmaceutical Corp. has been acquired for $120 million in stock by Human Genome Sciences Inc. of Rockville, MD. Human Genome Sciences is hoping to develop a better method of administering biotechnology drugs.

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Local biotech company relocating to Maryland

Article Abstract:

Human Genome Sciences moves its Principia Pharmaceutical division from Norristown, Pennsylvania to Rockville, Maryland, rather than expanding the Norristown location, as it had once planned.

Biochemistry, Organizational history, Maryland

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