Archive for September 2023
Paratek Pharmaceuticals shareholders approve $462M buyout deal
The sale means Paratek will be going private after almost nine years as a publicly traded company. Read More
Read More2seventy bio reveals how many in Cambridge will be cut in mass layoff
2seventy bio Inc. has disclosed how many of its Cambridge employees will be cut in its 176-person layoff. Read More
Read MoreCo-founder of cancer biotech Black Diamond replaced as CEO
The board of Black Diamond Therapeutics has replaced its CEO, David Epstein, a Brandeis-trained biochemist. Read More
Read MoreCannabis regulators clash over acting chair role as lawmakers call for oversight
The Cannabis Control Commission spent the beginning of its Monday meeting embroiled in the question of who will serve as acting chair in the wake of Shannon O’Brien’s suspension. Meanwhile, lawmakers are calling for an oversight hearing. Read More
Read MoreRockland Trust names Lee Powlus as new executive to lead tech expansion
Rockland Trust has named Lee Powlus as its new chief technology and operations officer, as the bank bets big on its banking technology products. Read More
Read MoreKlaviyo aims to hold $538M IPO this week
The Boston marketing tech firm will have a fully diluted value after the IPO of $8.6 billion, according to Renaissance Capital. Read More
Read MoreWhere distressed commercial real estate loans are piling up the fastest
The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of outdated office towers struggle to refill vacant spaces and cash flow on those buildings becomes a bigger challenge. Read More
Read MoreBevi more than doubled its Charlestown office space. Take an exclusive look inside.
The move also coincides with Bevi’s 10-year anniversary, a period that saw Bevi overcome a "phase of desperation" during the pandemic and ultimately vastly expand its customer base. Read More
Read MoreJob gains pick up in August, unemployment remains near all-time low
The statewide unemployment rate ticked up one-tenth of a percentage point to 2.6% in August Read More
Read MoreCambridge Health Alliance to require masks again starting Monday
Cambridge Health Alliance will reinstate mask mandate for its patients, visitors and employees on Monday, according to a memo from CEO Dr. Assaad Savah. Read More
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