MedImmune Named One of Maryland's Fastest Growing Technology Companies in Deloitte Technology Fast 50 Program
September 29 2006 - 11:30AM
PR Newswire (US)
- 10th Consecutive Year for MedImmune on the Fast 50 List -
GAITHERSBURG, Md., Sept. 29 /PRNewswire-FirstCall/ -- MedImmune,
Inc. has been named to Deloitte's Maryland Technology Fast 50
program for the tenth consecutive year. The Technology Fast 50 is a
ranking of the fastest growing technology companies in the area by
Deloitte & Touche LLP. Rankings are based on the percentage
growth over five years from 2001-2005. "We are pleased to be
recognized again by Deloitte & Touche as one of the area's
fastest growing technology companies," said Lota S. Zoth,
MedImmune's chief financial officer. "Our continued inclusion in
the Fast 50 program reflects the fact that MedImmune has doubled
its revenues over the last five years, reaching $1.2 billion in
2005. Our goal is to continue to grow our business by aggressively
investing in research and development activities. Toward this end,
during 2005 we completed several late-stage clinical trials,
started clinical testing on three new promising compounds, and
expanded our product portfolio with almost a dozen new targets.
"MedImmune's fast-paced growth continues in 2006," Zoth said. "We
submitted data to the FDA to expand our label indication for
FluMist(R) (Influenza Virus Vaccine Live, Intranasal); we entered
into an agreement with Infinity Pharmaceuticals to develop cancer
drugs focused on two of the most attractive targeted therapy
opportunities in cancer research today; we completed a Phase 3
study with our next-generation monoclonal antibody to prevent
respiratory syncytial virus (RSV); and we initiated clinical
testing with several new compounds, including those targeting
lupus, RSV, parainfluenza virus type 3, B-cell lymphomas, and avian
influenza viruses. We also received a $170-million contract from
the U.S. Health and Human Services Department to expedite
development of cell culture-based production of our flu vaccine,
and earlier this month we broke ground on the first phase of a
planned 700,000 square-foot expansion of our cell culture
manufacturing facility in Frederick, Maryland." "To rank on
Deloitte's Technology Fast 50, companies must have phenomenal
revenue growth over five years," said Andrew Harrs, Deloitte's
Southeast regional managing partner for the Technology, Media and
Telecommunications Industry Practice. "MedImmune has proven to be
one of the fast-growth success stories in Maryland, and we applaud
their dedication to making their vision a reality." The Maryland
Technology Fast 50 program is presented by Deloitte and sponsored
by Wilmer Cutler Pickering Hale and Dorr, NASDAQ and UK Trade &
Investment. Media sponsors include PR Newswire and Washington
SmartCEO magazine. To qualify for the Technology Fast 50, companies
must have had operating revenues of at least $50,000 in 2001 and
$5,000,000 in 2005, be headquartered in North America, and be a
company that owns proprietary technology that contributes to a
significant portion of the company's operating revenues; or devotes
a significant proportion of revenues to the research and
development of technology. Winners of the 16 regional Technology
Fast 50 programs in the United States and Canada are automatically
entered in Deloitte's Technology Fast 500 program, which ranks
North America's top 500 fastest growing technology, media,
telecommunications and life sciences companies. For more
information on the Technology Fast 50 or Technology Fast 500
programs, visit http://www.fast500.com/. About MedImmune MedImmune
strives to provide better medicines to patients, new medical
options for physicians, rewarding careers to employees, and
increased value to shareholders. Dedicated to advancing science and
medicine to help people live better lives, the company is focused
on the areas of infectious diseases, cancer and inflammatory
diseases. With more than 2,400 employees worldwide, MedImmune is
headquartered in Maryland. For more information, visit the
company's website at http://www.medimmune.com/. About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and
affiliates. As a Swiss Verein (association), neither Deloitte
Touche Tohmatsu nor any of its member firms has any liability for
each other's acts or omissions. Each of the member firms is a
separate and independent legal entity operating under the names
"Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or
other related names. Services are provided by the member firms or
their subsidiaries or affiliates and not by the Deloitte Touche
Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member
firm of Deloitte Touche Tohmatsu. In the U.S., services are
provided by the subsidiaries of Deloitte & Touche USA LLP
(Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
Financial Advisory Services LLP, Deloitte Tax LLP and their
subsidiaries), and not by Deloitte & Touche USA LLP. This
announcement may contain, in addition to historical information,
certain forward-looking statements that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could differ
materially from those currently anticipated as a result of a number
of factors, including risks and uncertainties discussed in the
company's filings with the U.S. Securities and Exchange Commission.
The company is developing several products for potential future
marketing. There can be no assurance that such development efforts
will succeed, that such products will receive required regulatory
clearance or that, even if such regulatory clearance were received,
such products would ultimately achieve commercial success.
DATASOURCE: MedImmune, Inc. CONTACT: Media: Kate Barrett,
+1-301-398-4320, Investors: Peter Vozzo, +1-301-398-4358, both of
MedImmune, Inc. Web site: http://www.medimmune.com/
http://www.fast500.com/
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