MedImmune, Georgetown to Collaborate
In an effort to beef up its pipeline of potential drugs, MedImmune entered into a collaboration with Georgetown University to develop cancer treatments. Financial terms were not disclosed. The deal gives the Gaithersburg biotech firm exclusive rights to develop drugs targeting a protein that may be involved in the growth of some cancer tumors. Georgetown received an upfront payment and is entitled to milestone payments and royalties.
BearingPoint Gets More Work in Afghanistan
BearingPoint won its third contract to help Afghanistan rebuild its finance and accounting systems since 2001. BearingPoint will handle the Ministry of Finance's information system, help manage its cash and process transactions, the McLean-based company said in a statement. The three-year contract is worth $6.85 million and brings the company's total Afghanistan contracts to $75 million.
Lockheed to Assist With 2010 Census
Lockheed Martin said it received a $500 million contract to develop and operate an information processing system for the 2010 Census. Under the six-year deal, Lockheed will be the prime contractor in a group including IBM, Computer Sciences, Cardinal Technologies, Fairfax-based Nortel PEC Solutions and Arlington-based Pearson Government Solutions.
MERGERS & ACQUISITIONS
Carlyle Group to Buy Armor Manufacturer
Carlyle Group, a District-based buyout firm that has invested in 18 defense and aerospace companies, agreed to buy NP Aerospace, a British maker of body armor and military helmets, from Reinhold Industries for $53.4 million in cash.
Radio One Acquires St. Louis FM Station
Radio One said it bought WRDA-FM in St. Louis for about $20 million, giving it 70 stations nationwide and two in St. Louis. The firm plans to change WRDA's call letters and easy-listening format.
Compiled from staff and news service reports.