Archive for April 2023
Alexandria to sell Newton office complex once destined to be labs
The life sciences developer bought the property for $235 million in early 2020, but this week announced a $139 million impairment charge. Read More
Read MoreAthenahealth to move HQ from Watertown to Boston Landing
The health IT provider’s long-time home in Watertown could be converted into lab space. Read More
Read MoreVillanova University receives $20M gift from Moderna CEO
The gift from Bancel Philanthropies, the billionaire CEO of Moderna’s foundation, will fund scholarships for Villanova students in partnership with the Posse Foundation. Read More
Read MoreBudget carrier Spirit Airlines adding five flights out of Logan this year
The budget carrier Spirit Airlines is adding five new destinations from Boston this year: Charlotte, Dallas-Fort Worth, Houston, Los Angeles and Phoenix. Read More
Read MoreWith new Gene and Cell Therapy institute, MGB is staking its claim in the biotech industry
"We’re trying to take the best of the VC world and the best of the academic world and merge it together in a way that is going to differentiate it from other gene therapy institutes," said Nathan Yozwiak, head of research at GCTI. Read More
Read MoreBiogen halts work on several drugs as it awaits FDA decisions
With multiple FDA drug approval decisions on the horizon — including one expected later today — CEO Christopher Viehbacher isn’t waiting to maximize profits. Read More
Read MoreMicrobiome-focused PureTech spinout raises $106.5M to fund two trials
A Cambridge biotech is embarking on its largest endeavor yet: launching two mid- and late-stage studies for its microbiome therapeutics for gastrointestinal disorders. Now it has $106.5 million to see it through to completion. Read More
Read MoreParking enforcement, towing software company moves HQ to Boston, names new executive team
A vehicle towing and parking-enforcement company based in San Francisco has a new executive team and is setting up its new headquarters in Boston. Read More
Read MoreFirst Republic Bank to make big layoffs, shed real estate and pursue ‘strategic options’
More than $100 billion — over half the deposits First Republic held — went out the door in the frantic days following the March 10 collapse of Silicon Valley Bank. Its earnings call lasted only 12 minutes, with no analyst Q&A. Here’s what it plans to do. Read More
Read MoreBlackRock buys local apartment complex from Hancock affiliate for $156M
Two institutional investor heavyweights were on either end of the recent $156 million acquisition of a Concord residential property. The Prescott at Concord is a decade-old community of 350 apartments and townhomes. Read More
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