Tendyne, a Baltimore startup focused on “structural heart disease,” has raised nearly $9 million in a recent offering, according to an SEC filing dated Tuesday.
The news was first reported by Citybizlist.
According to the filing, two-year-old Tendyne raised $8.98 million in the $23 million offering.
The company received about $75,000 from the Maryland Technology Development Corp. (TEDCO) in 2009. The press release announcing that funding states “Tendyne is working with the University of Maryland Baltimore to develop and manufacture medical devices that address the features of structural heart disease. This technology will focus on developing minimally invasive devices.”
On the Eastern Shore, the owner of Pickles Pub and Hammerhead’s in Ocean City is opening a brewpub on the beach town’s boardwalk. Construction of the Shorebilly Brewing Co. outpost at 10th Street will begin soon, according to owner Danny Robinson.
(Check out the full story in The Daily Times of Salisbury.)
“This area is already known for great beer,” Robinson told the newspaper. “If we can say, ‘Hey, this is brewed only a few blocks from here,’ bars will be anxious to get this on their taps. It will be available in as many places as I can get it.”
Shorebilly is having a contest on its Facebook page to design the brewery’s logo.
Shorebilly will be Ocean City’s only brewpub, but it’s not alone on the Shore. Evolution Craft Brewing Co. moved to Salisbury in April, taking over a 30,000-square-foot building once home to an ice factory.
Baltimore is more attractive to the graduates of colleges and universities in the area, according to a recent survey by Baltimore Collegetown Network, a local higher education coalition.
According to the survey — the 2012 version was conducted in March — 37.7 percent of college students said they will “definitely” or “likely” stay in Baltimore after they graduate, compared to just 19 percent nine years ago. The No. 1 reason they plan to stay? Jobs.
In the survey three years ago, the most common word used to describe the city was “dangerous.” This year, “accessible” edged out “dangerous” for the top spot. More than half the students described Baltimore as “vibrant” and 45 percent said “friendly.”
Some TEDCO news slipped through the cracks here. Earlier this month, the entrepreneurial support organization invested nearly $1.2 million in 16 Maryland startups. The companies range from a Bethesda firm developing a small, portable x-ray scanner to a Rockville biotech startup working on a breast cancer screening and detection product.
“Each of these companies shows great promise and marketability and we look forward to tracking their growth,” said TEDCO President and Executive Director Rob Rosenbaum.
And finally, on the social media front, Twitter may do away with follower counts in favor of a measure of a user’s “engagement,” according to this Washington Post story.