Qiagen shifts 60 Calif. workers to Maryland

The relocation of about 60 people from Valencia, Calif., to Germantown is a modest win for Maryland, which in 2004 slipped from third to fourth in Ernst & Young's national ranking of biotech centers. Maryland has about 350 biotech companies, putting it in the top three, but based on venture capital raised and other factors, the state continues to lose pace.

Biotech shifts 60 Calif. workers to Maryland - 2005-03-14

BioBOOM Op/Ed: As the Govenator of California recently said, We have to make sure everyone in California has a great job. A fantastic job!" Guess he didn't think it would be in Maryland. The article also says analysts expect the firm to continue buying other companies to accelerate growth. What's more, Qiagen itself could be an "attractive" acquisition target, say analysts at Canada-based Canaccord Capital in a recent report.

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