Archive for March 2023
Moderna CEO’s salary rose again in 2022
Moderna Inc. CEO Stephane Bancel’s salary rose again in 2022, increasing by 6.7% over the year prior. Read More
Read MoreFounding CEO of Andover tech business to retire as CFO takes interim role
Casa Systems Inc. (Nasdaq: CASA) said Tuesday that its founder Jerry Guo plans to retire as CEO and president after 20 years at the helm. Read More
Read MoreCities, towns violating MBTA housing law may face legal action, AG says
A handful of cities and towns have not complied with the MBTA Communities law so far, saying they would rather give up the state funding tied to compliance than permit the development envisioned by the statute. Read More
Read MoreViewpoint: Middlemen are increasing prescription drug costs. The public needs to know.
Many people may not know who they are, but the middlemen on our prescription drug cards, pharmacy benefit managers (PBMs), are increasing our prescription drug costs. Read More
Read MoreIn the midst of a reverse merger, Jounce Therapeutics gets competing offer
Just three weeks after announcing a planned reverse merger with a U.K. pharma firm, Jounce Therapeutics has disclosed a competing offer from a mysterious buyer. Read More
Read MoreSVB’s collapse leaves gap for state’s affordable housing developments
Though developers’ immediate fears were quelled by the FDIC announcement that all deposits at Silicon Valley Bank would be protected, they’re now worried about the longer term gaps that the failure of SVB may leave in funding. Read More
Read MoreFor some biotechs moving on from SVB, not all traditional banks are an option
Even though companies that banked with SVB are now able to make payroll thanks to the federal government’s intervention this week, the dust hasn’t settled. Larger institutions like J.P. Morgan Chase aren’t exactly rolling out the red carpet for small and midsize life sciences companies and smaller banks are under pressure, too. Read More
Read MoreCasinos outline tech problems that led to illegal bets
Key technical blunders led to a series of illegal bets on college athletics accepted at two Massachusetts casinos last month, representatives of Encore Boston Harbor and Plainridge Park Casino detailed Tuesday in a pair of adjudicatory hearings. Read More
Read MoreCovid-19 public health emergency set to end May 11, Healey announces
The state’s Covid-19 public health emergency is set to end on May 11, the same day the federal public health emergency expires, the Healey-Driscoll Administration announced Wednesday. Read More
Read MoreBoston VCs, founders face long-term funding challenges after SVB shutdown
Members of the Boston startup community said the failure of SVB will likely have implications for startups’ ability to grow and raise capital into the future. Read More
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