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ENTERTAINMENT
Verizon to Carry Sinclair Programming
Sinclair Broadcast Group of Baltimore reached an agreement with Verizon for the telecommunications company to carry Sinclair's television channels on its new cable television service. The initial agreement covers Sinclair's station in Tampa, and two of its Baltimore stations, Fox affiliate WBFF, and WB affiliate WNUV.
Sinclair said it hopes to reach agreements in its 35 other markets as Verizon expands the reach of its cable service.
Phone companies like Verizon are beginning to compete with cable companies by offering television programming, just as cable companies are offering phone service via high-speed Internet connections. Fairfax County and Herndon are among the first markets where Verizon is offering a full package of phone, Internet and television service.
BIOTECH
GenVec, Mytogen Complete Sale
GenVec, a Gaithersburg biotech firm working on treatments for cancer, blood-vessel disorders and infectious diseases, completed the sale of a cell-therapy program for congestive heart failure to Mytogen, a new, private biotech firm, in exchange for potential future royalties and milestone payments.
GenVec acquired the program in 2003 as part of its 2003 merger with Diacrin of Charlestown, Mass. It said the sale would allow it to focus on its developing TNFerade, a potential treatment for rectal and other cancers. Genvec shares closed yesterday at $1.60, up 4 cents, or 2.6 percent.
Compiled from staff and news service reports.
