Posts by ericg
Jumbo 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
Read MoreLexington biotech gets second FDA rejection this year
The U.S. Food and Drug Administration has rejected a drug made by a Lexington biotech just a few months after it rejected another drug by the same company. Read More
Read MoreArgenx drug meets surprise late-stage failure
A drug made by Dutch biotech argenx SE, which has U.S. offices in Cambridge, met a surprise failure in a late-stage study, sending share prices down on Tuesday morning. Read More
Read MoreTransgender woman sues employer, Harvard Pilgrim for discrimination
Lillian Bernier said her employer-sponsored health plan excluded coverage for gender-affirming care—and she’s arguing that exclusion violates state and federal discrimination laws. Read More
Read MoreUkrainian consumer software company opens Cambridge office
While the majority of MacPaw’s team is in Ukraine, this fall, the company embarked on a journey to expand globally. MacPaw has opened a new office in Cambridge and plans to grow its local team. Read More
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