Isabel Tehan

Marlborough-based pharmaceutical company TheracosBio appointed Jeff McGroarty as its first full-time chief financial officer. His appointment comes following regulatory approval of a new diabetes drug, TheracosBio’s first commercial product.

Central Massachusetts Agency on Aging, Inc. will tackle the project of creating a new resource center in Worcester for its populations. The Grandparents Raising Grandkids Resource Center will seek to connect grandparent-led households to essential services, including housing, transportation, and translation.

Marlborough medical device company Candela Corp. has received clearance from the U.S. Food & Drug Administration to use the company’s laster system to treat Melasma, a skin condition frequently arising during pregnancy, among other times.

Hiring remains a challenge at companies still focused on growth and recruitment, in part due to the high cost of living in Massachusetts.

UMass Chan Medical School is consolidating its workforce at MassBiologics, its Boston-based biologics and vaccine manufacturing arm. The affected positions will be eliminated in 60 days.

Victoria Waterman, the CEO of nonprofit Girls Inc. of Worcester is stepping down at the end of June after 11 years in the role. Waterman has been CEO of the Worcester nonprofit since 2012, before which she was president of the board of directors.

Oligo Factory, a Holliston-based biomanufacturer, opened Thursday a new 13,000 square foot facility to scale-up its production processes. The new facility will serve as Oligo’s new headquarters and will increase manufacturing capabilities for the company by a factor of 12.