Massachusetts news

• ​Vertex CEO's compensation, stock value fell in 2016

  17-04-2017 22:32 via feeds.bizjournals.com
  The CEO of Vertex Pharmaceuticals earned $19.2 million in total compensation plus value realized from past stock awards in 2016, down significantly from the year before.Boston-based Vertex (Nasdaq: VRTX), one of the largest life science firms in the state, said in a federal filing on Monday that CEO Jeff Leiden had earned $17.4 million in total compensation and realized an additional $1.8 million in value from the vesting of restricted stock that he received in prior years.That marks a decrease&
  
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• State puts pause on UMass Memorial plans to close psychiatric beds

  17-04-2017 21:43 via feeds.bizjournals.com
  The state Department of Public Health has put a pause on UMass Memorial Health Care’s plans to cut the number of psychiatric beds at its University campus in half, saying the beds are necessary for the region.In a letter issued April 14, the Department of Public Health called into question UMass’ plans to eliminate 13 inpatient psychiatric beds. The hospital announced in early March that it was in dire need of medical/surgical beds, and would shift the psychiatric beds into medical o
  
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• Behind the mammoth growth plans at Southborough-based RxAdvance

  17-04-2017 21:02 via feeds.bizjournals.com
  A fast-growing pharmacy benefit manager is planning a massive expansion in Southborough, just a year after launching its pharmacy benefit platform.RxAdvance, which works with insurers or self-insured businesses to manage pharmacy costs through a cloud-based platform, operated in stealth mode for the first two-and-a-half years after launching in 2013, and didn’t go live with a single customer — Avera Health in South Dakota — until last year.But in 2016 alone, RxAdvance generated
  
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• 12 Boston-area startups aiming to disrupt agriculture

  17-04-2017 20:31 via feeds.bizjournals.com
  As spring finally arrives, Boston is reminding winter weary residents that its blooming flowers and trees can put on a lovely show when they get the chance.But a growing number of local entrepreneurs are thinking about blooms, sprouts and harvests all year round. They're members of the Boston area's flowering agricultural technology sector, which has been attracting investment and attention over the past several years.Last year, Anterra Capital, a Dutch investment firm, closed a $125 million&hel
  
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• Cooking Got Barbara Lynch Out of South Boston, and Brought Her Back

  17-04-2017 18:57
  By the time the chef, who grew up in a housing project, dropped out of high school, her studies had been reduced to one area: home economics.
  
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