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VIRGINIA
WebSurveyor of Herndon, which provides online survey technology to companies, announced it is merging with Perseus Development Corp. of Braintree, Mass., which provides similar services. The companies will be combined in a new entity funded by Texas-based Austin Ventures. Terms were not disclosed.
Primus Telecommunications Group of McLean said shareholders at its annual meeting approved a 1-for-10 reverse stock split at the discretion of the telephone company's board. The issuance of one share for every 10 held would boost the depressed per-share price of the stock. The company has appealed a decision to delist its stock, which closed Friday at 62.55 cents a share, from the Nasdaq Capital Market.
Long & Foster of Fairfax named David H. Stevens president of affiliated businesses. Stevens, who was previously with Well Fargo Home Mortgage, will be responsible for Long & Foster's affiliated mortgage, title and insurance companies.
MARYLAND
Advancis Pharmaceutical of Germantown said it signed a contract sales and marketing agreement with Innovex, a division of Quintiles Transnational. Innovex will provide 75 sales representatives to sell and promote the recently approved 333 milligram and 750 milligram strengths of Keflex Capsules, its cephalosporin antibiotic.
HealthExtras of Rockville, a pharmacy benefit management company, moved Michael P. Donovan to a new post as executive vice president for corporate development. The company said Donovan will develop "new service offerings and strategic acquisitions." Richard W. Hunt will succeed Donovan as chief financial officer.
