Archive for November 2023
Moderna-partnered gene therapy firm to lay off 68, including two execs
An Atlas Venture-backed startup developing gene therapies is laying off nearly half of its workforce. Read More
Read MoreRocket Software agrees to buy OpenText’s business for $2.2B+
Waltham-based Rocket Software has agreed to buy a Canadian business for more than $2.2 billion, one of the year’s largest acquisition deals in the Bay State’s enterprise software space. Read More
Read MoreA tiny Waltham biotech just scored a $509M+ deal with Boehringer Ingelheim
The 20-person biotech based in Waltham and Toronto just scored a major new partnership. Read More
Read MoreFormer Mass transportation secretary Jamey Tesler to lead new Mobility Innovation Hub
Kendall Square will soon be home to a new Massachusetts Mobility Innovation Hub, led by the former Massachusetts secretary of transportation. Read More
Read MoreJumbo buys Wellesley office portfolio for $48.5M
A real estate investment firm has acquired a seven-building office portfolio in Wellesley for $48.5 million, betting that properties serving medical and small professional services businesses will make for a stronger investment than other types of offices. Read More
Read MoreSmall-business partnership offers funds to extend runway for neighborhood businesses
Born out of a partnership that includes banking giant JPMorgan Chase, Dorchester Bay Economic Development Corp. and the Upham’s Corner Main Street organization since 2020, the initiative subsidizes commercial rents for neighborhood businesses for a limited period. To date, it has provided $319,000 in subsidies to 15 businesses. Read More
Read MoreEF teams with university for study abroad push
Cambridge-based learning programs company EF Education First has signed a partnership deal with Colorado State University to help carry out its study abroad program. Read More
Read MoreImmuno-oncology firm Candel cuts its workforce in half
A 24-year-old biotech that made its way to the Nasdaq in 2021 is drastically cutting its workforce as it scales back a cancer drug. Read More
Read MoreBoston PE firm closes $438M fund to let founders retain control
Letting founders retain ownership is unusual in the private equity space, where firms usually get control in exchange of cash. But that’s the essence of the "Private IPO" model, which New Heritage’s founding team developed after working at another Boston-based PE firm. Read More
Read MoreSmall businesses that’ve embraced remote work look overseas for workers
The latest data shows many small businesses are looking to expand their overseas contingent. Read More
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