Archive for July 2010

Germantown-based Correlogic Systems filed for Chapter 11 bankruptcy earlier this month so that the diagnostic testing company can shed contracts with two major laboratory test suppliers that it says deter investors.  Mon, 07/26/2010 Though the circumstances of Correlogic’s filing are unique, its struggle points to a larger issue for many biotech companies: securing enough money…

The owner-developer of downtown Baltimore’s historic B&O building has filed for Chapter 11 bankruptcy stemming from its conversion of the property into a boutique Hotel Monaco. Fri, 07/23/2010 Baltimore & Charles Associates LLC sought bankruptcy protection July 12 in the U.S. Bankruptcy Court in Baltimore, a day before it was due in court to defend…

Germantown Company Develops Cancer Tests For the second time in a month, a Maryland bioscience company has filed for bankruptcy.But unlike Cyto Pulse Sciences of Glen Burnie, which filed for Chapter 7 liquidation, Correlogic of Germantown has filed for Chapter 11 protection and plans to soldier on with its cancer test candidate.The company, which develops…