- Curt Sprouse, the CEO of Ipswich-based consulting firm EurekaConnect, has organized a series of workshops in recent years where scientists are trained on how to translate discoveries in the lab into commercial treatments — a vexing problem facing local biotechs.Now Sprouse is looking to expand the program, called the Institute for Biomedical Entrepreneurship, into Europe. In an interview, he said that the group plans to host an event in April at Erasmus University in the Netherlands. It is
- As Framingham-based TJX Companies Inc. celebrates four decades in business, the discount retail behemoth is making plans for significant future growth with the launch of a second home-goods concept.TJX (NYSE: TJX), the parent company of T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post, grew its store base by 198 to 3,800 total stores last year. It plans to open at least another 200 stores this year — including four stores under the new home concept.The plans were announced as part o
- The building formerly known as the John Hancock Tower in Boston will soon be home to a new co-working space.The Yard, a co-working space provider based in New York City, will open a new collaborative workspace in the Back Bay in the building called 120 St. James (the actual address of which is 200 Clarendon). The Yard will occupy 32,147 square feet on the tower's sixth floor in the Boston Properties building.The Yard's Back Bay location — scheduled to open this fall — will be the com
- Harvard Pilgrim Health Care has negotiated new payment contracts with two pharmaceutical companies for expensive drugs, progressing a new kind of payment model that could save millions of dollars down the line.The agreements are what are known as “value-based contracts," a type of agreement in which an insurer only pays a higher price for a drug only when it works. If not, the insurer receives a rebate from the pharmaceutical company, which trickles down into more stable premiums for membe
- A search committee on Wednesday recommended three finalists to become the next chancellor of the University of Massachusetts Dartmouth, tapping a Worcester college president along with officials from universities in Pennsylvania and Michigan.The finalists are Becker College President Robert Johnson; James Lentini, the senior vice president for academic affairs and provost at Oakland University in Rochester, Mich.; and Philip Way, the provost and vice president for academic and student affairs at
- Verts Mediterranean Grill, a fast-growing Texas-based fast-casual restaurant chain, will open two more locations in Boston over the next few months as it expands its pita-fueled empire.The company will open a restaurant at 545 Boylston St. on Friday, March 3, and another one at 265 Washington St. in Downtown Crossing in May — part of the chain's plan to open 200 restaurants by 2020, officials said. And that likely won't be the end of its local expansion.“Boston is definitely a growin
- In a first in its two-year lifespan, IBM Watson Health is partnering with a physician group to incorporate its artificial-intelligence software into its practice.The Cambridge-based health division of IBM (NYSE: IBM) announced this week the partnership with Atrius Health, a physician group based in Newton.IBM Watson Health will develop software using Watson’s cognitive computing capabilities that can provide a more holistic view of a patient’s health, including summarizing key aspect
- A number of prominent players in Boston tech have co-signed an open letter urging Gov. Charlie Baker to do more to counter President Donald Trump's immigration policies, calling Trump's recent executive order "bad for business, bad for science, bad for education, and bad for Massachusetts."The Alliance for Business Leadership, a progressive business group based in Boston, co-wrote the letter with the American Civil Liberties Union of Massachusetts.The letter first applauds Baker for speaking&hel
- The U.S. Supreme Court on Wednesday ruled in favor of a subsidiary of Waltham-based Thermo Fisher Scientific in a patent case with broad implications for device makers that use global supply chains.In a unanimous decision, the court ruled that a genetic testing kit made by Life Technologies, which Thermo Fisher (NYSE: TMO) purchased in 2013, did not infringe patents held by Wisconsin-based Promega Corp.Life Technologies made one important component of the kit in the U.S., then sent it to a U.K.&
- Lexington cancer drug developer Agenus quietly disclosed late Tuesday that its most advanced vaccine for brain tumors had failed in a mid-stage study, sending shares of the company down slightly on Wednesday morning.Agenus (Nasdaq: AGEN) revealed in a federal filing Tuesday night that a data and safety monitoring group had notified the company that the Phase 2 trial was likely futile. An interim analysis found that the survival rate of patients who received the company’s Prophage vaccine i
- A program in Northampton in which officers would greet elementary school students ended after a month in response to some children feeling uncomfortable.
- MassRobotics, a nonprofit dedicated to fostering young robotics companies in Massachusetts, on Friday showed off what makes its new facility unique: when it came time to cut the ribbon, Boston's mayor got some robotic help — from Baxter, a robot sporting a Patriots knit hat.The newly launched office and lab space for robotics is in a city-owned building at 12 Channel St. in the South Boston Innovation District, based on other popular co-working ideas in the region: Think Cambridge Innovati
- Opioid overdoses are still on the rise, with fentanyl overtaking heroin as causing the most deaths in Massachusetts in 2016.A report by the Massachusetts Department of Public Health estimated 1,979 opioid-related deaths in 2016, up 24 percent from the 1,751 deaths in 2015 and up 44 percent from the 1,379 deaths reported in 2014.Though the state is making strides reducing deaths caused by heroin, the state’s opioid crisis is being fueled by fentanyl, the report said. Fentanyl is a synthetic
- Liberty Mutual CEO David Long’s compensation rose to just under $17 million in 2016, as the Boston-based insurance giant began to recover from its struggles the previous year.Long’s compensation increased 8 percent from 2015, when he took home $15.7 million, according to information posted to the company’s website on Friday. Long’s base salary was slightly higher than it was last year, at $1.19 million. He earned an $8.9 million bonus, also higher than his 2015 award. An
- The Boston Celtics, one of the NBA's hottest teams since the start of the new year, go into this weekend's NBA All-Star break in first place in the Atlantic Division and second overall in the Eastern Conference.But, along with their team's rapid rise in the standings this season, Boston fans can also take pride in the fact that the Celtics front office ranks as one of the NBA's smartest in terms how much they've spent per win compared with their total team payroll. The Business Journal's affilia
- The Celtics don't just have the fifth-best win-loss record in the NBA at the moment — they're the fifth-most valuable franchise in the league, too.The Celtics are valued at $2.2 billion, according to a new report from Forbes Magazine. That's a 5 percent increase from last year, according to Forbes.The franchises ranked ahead of the Celtics are the New York Knicks, tops at $3.3 billion, the Los Angeles Lakers, valued at $3 billion; the Golden State Warriors, third at $2.6 billion; and the C
- If you’ve taken the T the past few weeks, you may have noticed what appear to be, at first blush, giant classified posts from a would-be paramour open to adultery, threesomes, a gay love affair and perhaps even an orgy.The posts are the latest advertisements from local furniture retailer Bernie & Phyl’s, and if they’ve caught your attention — in a good or bad way — they’re working, as far as the company is concerned.The ads are part of a years-long campaig
- Today, the Ewing Marion Kauffman Foundation released its State of Entrepreneurship 2017 report, emphasizing three new trends that the organization said will shape the future of entrepreneurship.The first of what the report termed “mega trends” is an aging and racially diversifying American populace.Since U.S. entrepreneurs are about 80 percent white and 65 percent male, a vast difference from the general population in the U.S., according to the report’s figures, that means ther
- U.S. Rep. William Keating of Bourne has become the latest federal lawmaker to condemn an Illinois drugmaker’s decision to charge $89,000 per year for its recently-approved Duchenne muscular dystrophy drug, calling the price tag an example of "gouging."In a letter to CEO Jeffrey Aronin of Marathon Pharmaceuticals sent Thursday, Keating questioned why the privately-held company had set that price for deflazacort — which it rebranded as Emflaza — even though the corticosteroid has
- The Massachusetts Budget and Policy Center says Massachusetts is at risk of losing billions in federal funding — the vast majority of that going to Medicaid — if the Trump administration decides to change several federal programs.In total, the federal government contributes approximately a quarter of the state’s $44 billion budget. Changes are still unclear, but Massachusetts could potentially lose large chunks of the $11 billion it receives from the feds.“We see our role
- Greater Boston ranked seventh nationally among large metropolitan areas for total commercial building and multifamily housing construction starts, with a combined value of $7.058 billion in starts last year, according to a year-end report released this week by construction research firm Dodge Data & Analytics.The $7.058 billion in commercial building and multifamily housing construction starts was up 50 percent from the $4.7 billion recorded in 2015, the Dodge report said.Nationally, Greater
- Moderna Therapeutics, one of the largest and most secretive biotechs in Cambridge, has published the first data from an animal study of its Zika vaccine, suggesting it helped a significant number of mice survive an infection.The data, published on Friday in the medical journal Cell, shows that a vaccine created by the company to protect against the Zika virus prompted a strong immune response in mice. The vaccine is being tested in humans in a closely-watched Phase 1/2 study that began in Decemb
- Romeo, Sloane and Kim Furmonavicius ride together in style in the Common on Friday afternoon.
- By Seth Daniel
While there is frequently a lot of emphasis on public schools and private schools, and where parents will send their school-age children, not much attention has been paid to policies surrounding and even more critical time in a child’s life – the years before school.
Four female City Councilors look to change that oversight and apply the spotlight to early childhood education and daycare in the City of Boston – inclusive of every neighborhood – in a series
- By Beth Treffeisen
The Boston City Council voted to unanimously re-establish the Special Committee on Civil Rights, at the hearing this past Wednesday, February 8.
City Councilor Josh Zakim of District 8 will chair the new special committee. He has previously chaired the discontinued committee on Human Rights and Civil Rights in the 2014 to 2015 term.
“I think there is a lot that needs to be accomplished,” said Zakim. “Our civil rights are under attack in our country from Washi
- Super Bowl fever brought up the topic of sports design. Surely you have noticed the Super Bowl trophy. Once in awhile someone mentions its shape, but not much. Apparently two prominent football guys sat down in a restaurant and designed it, and Tiffany made it and continues to make it. Maybe the guys who designed it had small “hands” and didn’t realize what they were doing. Much talk centers on how men make better decisions when women are included in the decision-making. This w
- By Dan Murphy
Rebekah Brooks Jewelry has opened a third retail location at 96 Charles St., offering the store owner’s custom line, alongside a selection of engagement and wedding rings and antique jewels.
“We cannot think of a better location for our newest store,” said Brooks, a New Hampshire native and second-generation artist who launched her jewelry line out of a Brooklyn loft in 1998. “Our company has been making locally handmade jewelry and restoring antiques for ov
- By Beth Treffeisen
This past Sunday, over a hundred people came together to join City Councilor Josh Zakim and community allies across the region for a rally in support of HAIS National Day of Action for Refugees.
The rally was held despite the snow on February 12, at 11:00 am at the New England Holocaust Memorial located in Boston’s Carmen Park across from Boston City Hall.
HAIS is the global Jewish non-profit that protects refugees whose mission is to protect and assist refugees of all f
- By Dan Murphy
The Boston Public Library is now offering an online lottery for six couples to exchange vows in its iconic Italianate courtyard at the Central Library in Copley Square on Sunday, June 11.
“Long a much sought-after wedding venue, this initiative offers everyone regardless of economic capacity a chance to have Boston Public Library be a part of their lives on this special occasion,” said David Leonard, president of the library, “and we hope to see many applicants wi
- Beacon Hill Beat
From Boston Police Area A-1
02/02/17 – A victim reported unknown person(s) stole a purse, U.S. currency, a pair sunglasses and clothing from her Cordis Street apartment some time between 8:40 a.m. on Jan. 30 and 4:45 p.m. on Feb. 2. There was no sign of forced entry.
02/02/17 – A victim reports his Jeep Cherokee was vandalized at Beacon and Beaver streets some time between 6:52 and 7:20 a.m. The rear passenger’s side window was broken,
- Amazon.com became one of the most valuable companies in the world by disrupting other people's businesses — first book stores, then retailers more generally and then large-scale data storage providers (and next maybe blimp operators).With its announcement this week of Chime, a software-as-a-service videoconferencing tool for businesses, Amazon is making waves in a market where a number of Boston companies doing business.The share price of Boston-based LogMeIn Inc. dropped nearly 10 percent
- Boston-based education publisher Houghton Mifflin Harcourt Co. (Nasdaq: HMHC) on Wednesday named John J. “Jack” Lynch president and CEO.Lynch succeeds L. Gordon Crovitz, who served as interim president and CEO following the departure of Linda K. Zecher in September.“I am honored and excited to join Houghton Mifflin Harcourt as its CEO,” Lynch said in a statement. “A leader in its space with critical scale and an extraordinary legacy, HMH is exceptionally well positi
- Eataly, the giant Italian marketplace that's co-owned by Mario Batali, will soon be getting a new rooftop restaurant at its Boston location.The new eatery, called Terra, will feature "a wood fire grill and regional Italian-inspired dishes," according to a job posting on BostonChefs.com."The menu will showcase a number of specialty Italian items sourced from their downstairs market including dry aged meats and the freshest seafood available, house made pasta and seasonal specials featuring local&
- A panel of judges at the U.S. Patent and Trademark Office has ruled in favor of the Broad Institute of MIT and Harvard in a dispute over the right to patents on the gene-editing tool CRISPR/Cas9, sending shares of Cambridge-based licensee Editas Medicine soaring.The decision by the Patent Trial and Appeal Board validates patents that were given to the Broad in 2014 based on research by Feng Zhang. The University of California had challenged those patents, arguing that the award interfered with&h
- Students at Harvard University have organized a potentially sizable protest aimed at disrupting a speech by controversial pharmaceutical executive Martin Shkreli on Wednesday evening on the Cambridge campus.Shkreli, who gained notoriety in 2015 for significantly raising the price of a life-saving drug and was later indicted in New York on unrelated securities fraud charges, is scheduled to give a talk on investing at 8:30 p.m. The event is being organized by a student group, the Harvard Financia
- A 1905 townhouse in Richmond, Va., an 1840 home Truro, Mass., and a shingled house in Vashon, Wash.
- One of the first commercial developments in Boston’s now-thriving Seaport District could get a facelift.Pembroke Real Estate is in the early stages of studying a redevelopment of the Seaport World Trade Center, a 715,000-square-foot office and meeting complex located on the South Boston waterfront. Pembroke is also considering expansion of the adjacent 428-room Seaport Hotel.The two properties are part of Seaport Place, a 2.2 million-square-foot, four-building complex developed between 198
- GE Aviation is working on a $60 million to $70 million utility plant at its Evendale, Ohio headquarters that bares a striking resemblance to its jet engines.The new power plant will provide heating and cooling for the entire 7 million-square-foot Evendale campus along with pressurized air for shop services, a reverse osmosis system to purify water and new gas service. The 68,000-square-foot north utility plant was designed to look like a jet engine facing the sky.Boston-based General Electric&he
- A 1905 townhouse in Richmond, Va., an 1840 home Truro, Mass., and a shingled house in Vashon, Wash.
- Good morning, Boston! Pitchers and catchers have reported, Claude Julien has landed, and Tom Brady's a cockroach. Scroll down for more on those, and read the five most important things you need to know in Boston business today.Ipsen to add 100 former Merrimack employees under cancer drug dealFrench pharmaceutical giant Ipsen has agreed to hire around 100 Merrimack Pharmaceuticals employees as part of its recent acquisition of the Cambridge biotech's top cancer drugs, Max Stendahl reports.Bermuda
- The government of Bermuda has filed a lawsuit against Lahey Health, alleging that Lahey conspired with a Bermuda official in a bribery scheme to focus the island health services to the Massachusetts hospital.The lawsuit was filed by the Bermuda Attorney General late Tuesday in federal court in Boston, and alleges that for nearly two decades, Lahey conspired with Dr. Ewart Brown, the former premier of Bermuda, to give Lahey preferential treatment when bidding on healthcare contracts issued by the
- The private equity firms that own Westborough-based BJ’s Wholesale Club are considering selling the retailer or taking it public, the Wall Street Journal reported on Tuesday.The firms, CVC Capital Partners and Leonard Green & Partners, are now hiring investment bankers to explore the options, the Journal reported, citing anonymous sources. An IPO would come in the second half of 2017, one source reportedly said.BJ’s was publicly traded before the firm took the company private in
- It will feature works by the emerging playwright Jen Silverman; its 2016 playwright-in-residence, Harrison David Rivers; Jason Kim; and others.
- When President Donald Trump formally announced his Cabinet, one of the surprises was that the list of 24 Cabinet-level officials did not include the chair of the Council of Economic Advisers (CEA).There is no formal requirement that an economic adviser be part of the Cabinet. However, Barack Obama started a new trend by appointing the last four council chairs as part of his Cabinet. Being part of the Cabinet is important because it ensures economic as well as political considerations are part of
- When Erik Sayce and fiancée Jennifer Pullen first opened their pop-up cookie shop last fall, they didn’t tell anyone what they were doing for two weeks. Not family, not friends.They had put $1,200 on Erik’s credit card to buy a small electric oven and other supplies, and made a deal with a local cafe called Derby Joe’s to sell cookies on weekend evenings. It was the height of Salem’s Halloween tourist rush, and their advertising consisted of Jennifer standing in th
- It's a tough time for brick-and-mortar retailers, especially for ones that are public, such as Macy's or Sears. But one Quincy-based company, women's apparel brand J.Jill Inc., sees an opportunity to enter the public market.It's not the first time it's been there.On Friday, the company filed for an initial public offering, looking to trade on the New York Stock Exchange under the stock ticker "JILL."So harsh is the climate for brick-and-mortar that J.Jill warned investors in its filing that&hell
- Visterra, a Cambridge biotech with an influenza treatment in a mid-stage trial, has withdrawn its plan for a $50 million initial public offering, according to a federal filing.Visterra first disclosed its plan to raise between $46 million to $54 million on Jan. 17. According to IPO fund manager Renaissance Capital, the company had been slated to go public the week of Jan. 23, listing on the Nasdaq under the symbol “VIST.”In a letter to the U.S. Securities and Exchange Commission on F
- Raytheon Co., the Waltham-based defense contractor, was chosen by the U.S. Army to share in a $3 billion missile-defense technology contract.Others taking part in the contract include subsidiaries of BAE Systems, Northrop Grumman Corp., Science Applications International Corp., Teledyne Technologies Inc. and KBR Inc.The contract pertains to a research and development effort "for the design, development, demonstration, and integration, domain-one of space/high altitude and missile defense hardwar
- Good morning, Boston, and Happy Friday. Here is your blizzard's worth of the most important things you need to know to help start your busy business day.Former Tufts nurse makes her 'Shark Tank' debut tonightTonight on Shark Tank, Melissa Gersin, a former maternity nurse who became a MassChallenge-winning startup founder, will appear on ABC's "Shark Tank," to pitch her baby-soothing technology — the Tranquilo Mat, Kelly O'Brien reports.You could say there’s demandThe West Cambridge l
- The Beacon Hill Women’s Forum Mom’s Group gathered at Sarah Papajohn’s home on Jan. 31 for “Mom’s Night In.” Pictured top left to right: Jennifer Gifford, Brittany Seymour, Sandra Gilpatrick and Sarah Papajohn; bottom left to right: Lindsay Sullivan, Laura Chassaigne and Emily Synk; attended but not in photo: Jennifer Zipp and Erica Grey.
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