Archive for August 2023
The Petri Dish: Alexion buys Pfizer gene therapies in $1B deal; Peter Hecht’s plan to save Cyclerion assets
Peter Hecht, the co-founder and CEO of embattled biotech Cyclerion Therapeutics Inc. (Nasdaq: CYCN), is heading up a new startup that’s effectively a life raft for Cyclerion’s research. Elsewhere in the Petri Dish: a $1 billion deal for Pfizer gene therapies, a succession plan for a founder-led biotech organization, and a new Longwood Fund spinout…
Read MoreU.S. Senate restores $850K funding for LGBTQ housing development
The affordable housing project for LGBTQ seniors will get the federal funding, after U.S. House members nixed it two weeks ago. “While Republicans continue their hateful, anti-gay crusade, we remain undeterred in our fight to affirm the dignity and humanity of our LGBTQ+ neighbors,” said Rep. Ayanna Pressley. Read More
Read MoreTripadvisor is making layoffs in its ‘Core’segment after a post-pandemic hiring spree
Shortly after a period of ramping up hiring after its headcount was decimated as a result of the pandemic’s impact on the travel industry, Tripadvisor Inc. is making job cuts. Read More
Read MoreLenders worried about rent-control prospects in government-backed loans
Lenders are worried that a recent request for input from the Federal Housing Finance Agency could result in new and burdensome requirements. Read More
Read MoreDefinitive Healthcare cuts jobs for the second time this year
The commercial intelligence company based in Framingham has shed 100 jobs so far this year. Read More
Read MoreCVS execs: Cutting 5,000 jobs will yield $600M in savings
CEO Karen Lynch said the freed-up funds “will enable us to reallocate resources and invest in critical growth areas, such as health services and technology, which are the biggest enablers of our strategy.” Read More
Read MoreFew childcare workers have retirement benefits amid workforce, cost crisis
Besides sky-high costs for parents and low wages and long hours for employees, the childcare sector has another problem: its workers can’t retire. Read More
Read MoreCalifornia firm buys long-undeveloped Fort Point site approved for labs
The property has changed hands and intended uses multiple times over the past two decades, as other parts of the Channel Center project have taken root around it. Read More
Read MoreBig law firms are mandating return-to-office. Small firms see an opportunity.
For smaller firms that may struggle to recruit and retain talent, Biglaw return-to-office mandates are an opportunity for them to woo away top talent by offering more flexible schedules. Read More
Read MoreLaw firm Armstrong Teasdale lays off 4.5% of its workforce
Law firm Armstrong Teasdale LLP is laying off 4.5% of its workforce, affecting 24 staff members and 11 lawyers. In Boston, this includes four individuals, the firm said. Read More
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