Aviation companies making comeback
Watertown-based Wisconsin Aviation and Morey Airplane Co. in Middleton have not returned to the boom days of 2005. But officials say they are seeing a recovery, which suggests better days and more...
View ArticleBugaboo bugs out
The parent company of the Bugaboo Creek Steak House chain has closed five locations in Massachusetts, the Enterprise and Patriot Ledger report. New Jersey-based CB Holding Corp. is closing locations in...
View ArticleA123 loss widens by 78 percent
A123 Systems Inc., saw its annual net loss widen by 78 percent in 2010 as the company laid a foundation to support what it refers to as “rapid growth” in coming years, the Boston Business Journal...
View ArticleAnti-poverty agency may have to cut back
The Community Action Coalition for South Central Wisconsin, Inc., may be forced to reduce its services, or even close its Watertown office, if threatened cuts to the federal Community Services Block...
View ArticleRuggieri takes top spot at Dynasil
Steven Ruggieri is the new president of Dynasil Inc., a Watertown-based photonics manufacturer for instruments, optical materials, coatings and components, the Boston Business Journal reports. Ruggieri...
View ArticleAthenahealth expands Maine footprint
Watertown-based electronic health records company athenahealth Inc. has paid $7.7 million to buy a 396-acre piece of property in Maine, where the company plans to house its new client and employee...
View ArticleFDA again stalls OK for pSivida eye disease drug
For the second time, the U.S. Food and Drug Administration has stalled approval of Watertown biotech pSivida Corp.’s eye disease drug Iluvien, Mass High Tech reports. The FDA notified Alimera that it...
View ArticleEnanta inks deal with Novartis
Watertown-based Enanta Pharmaceuticals Inc. is joining forces with Swiss pharmaceutical giant Novartis AG to speed development of a drug that targets hepatitis C, the Boston Globe reports. Under the...
View ArticleBoston's Sasaki sharpens local focus
Watertown-based planning and design firm Sasaki Associates has reshaped its leadership structure and is shifting its focus from the global stage to the local area, the Boston Herald reports. On the...
View ArticlePSivida licensee back to FDA for diabetic eye disease drug approval
Watertown eye-disease drug developer pSivida Corp. (Nasdaq: PSDV) announced its licensee, Alimera Sciences Inc., is resubmitting the drug Iluvien to the U.S. Food and Drug Administration (FDA) for...
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Congressman slams A123's deal with Chinese firm
Rep. Cliff Stearns, a Florida Republican, is criticizing a deal that would provide a much-needed cash infusion for battery maker A123 Systems (Nasdaq: AONE), pointing out the deal with Wanxiang Group...
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MIT prof. to write 'crazy monster book' with MacArthur 'genius' grant
MIT professor Junot Diaz is one of four individuals from Massachusetts to win a $500,000 grant from the MacArthur Fellows program of the John D. and Catherine T. MacArthur Foundation. The so-called...
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Athenahealth seeks 1 million square-foot HQ
Health information technology company athenahealth (Nasdaq: ATHN) is looking to triple the size of its current headquarters, to around 1 million square feet. “We’ve got to expand or move,” athenahealth...
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Bob Langer's Selecta signs with Sanofi to develop food-allergy drugs
Selecta Biosciences, a Watertown, Mass. nanotech startup founded in the lab of MIT researcher Robert Langer, has signed a deal with Sanofi (NYSE: $SNY) to develop "highly targeted, antigen-specific...
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Athenahealth to buy Harvard-owned Watertown complex for $169M
Athenahealth (Nasdaq: ATHN), the Watertown IT firm, has a deal to buy “Arsenal on the Charles,” the 11 building complex owned by Harvard University, for $168.5 million. The purchase and sale agreement...
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Arsenal Medical gets $15M DARPA contract to help wounded military personnel
Arsenal Medical Inc. in Watertown has received a $15.5 million federal contract for development of a foam product designed for soldiers to use on the battlefield to temporarily stem internal bleeding....
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Oleana chef Ana Sortun to open new Somerville restaurant
Ana Sortun, the chef and owner of the Cambridge restaurant Oleana, is reportedly opening a second restaurant in Somerville with Oleana chef de cuisine Cassie Piuma. The Paddock, a neighborhood pub and...
View ArticleChanges coming for UFood Restaurant Group following its bankruptcy filing
Like many of the consumers who seek out its UBowls and UnFries, UFood Restaurant Group is going to be tightening its belt now that the Newton company has filed for Chapter 11 bankruptcy. The...
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Blend Therapeutics raises $16M, names a CEO
Blend Therapeutics, a one-year-old pre-clinical biotech focused on oncology drugs, has raised $16 million in Series B financing and named the former head of Sunovion Pharmaceuticals as its new CEO....
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Upper Crust pizzeria locations head to bankruptcy auction today
Leases and related assets are up for grabs Wednesday at as many as 10 locations of the Boston-area gourmet pizza chain Upper Crust, part of the once high-flying company's bankruptcy proceedings. More...
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