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Life Sciences

Global investment firm acquires Westborough manufacturing facility for $8.8 million

TPG, a global investment firm based in Fort Worth, Texas, has purchased a 91,045-square-foot manufacturing and office facility in Westborough for $8.8 million.

AbbVie to help build Worcester middle school STEM lab 

More than 150 employees from the Worcester facility of Illinois pharmaceutical company AbbVie are building a STEM lab for Forest-Grove Middle School in Worcester.

Mustang Bio rare cancer treatment received FDA orphan drug nod

Worcester life sciences firm Mustang Bio reached a significant milestone for its new treatment for a rare type of non-Hodgkin's lymphoma, as the U.S. Food & Drug Administration granted its orphan drug designation for the project.

State approves $4.8M in tax breaks for Central Mass. businesses

Three businesses in Central Massachusetts have been approved for economic incentive development programs by the state’s Economic Assistance Coordinating Council, and two additional Worcester County towns have been approved for the council’s vacant storefront program.
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UMass Chan professor to lead New England diabetes initiative

UMass Chan Medical School professor Dr. David Harlan will be the new director of the JDRF Center of Excellence in New England, effective immediately.

Boston Scientific buying majority $230M stake in Korean manufacturer

Boston Scientific is purchasing a majority stake in a South Korean manufacturer and distributor of medical devices, which focuses on medical devices for endoscopic and urologic procedures.

🔒Q&A: Becoming the next Republican governor

WBJ spoke to both Geoff Diehl and Chris Doughty separately after the convention to ask about economic issues in Central Massachusetts and the commonwealth as a whole.

Cytovia Therapeutics appoints CFO, chief product officer

Cytovia Therapeutics, a Florida company with research-and-development operations in Natick, has named a chief financial officer and a chief product officer, as the company advances towards clinical trials and prepares to go public.
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Veristat promotes seasoned drug developer to chief commercial officer

Veristat, the Southborough-based global clinical research organization, has promoted Cindy Henderson to the role of chief commercial officer.

Worcester lab charged in urine testing kickback probe

Preferred Laboratory LLC of Worcester and its owner, Vipin Adhlakha of Westfield, Ind., were implicated in a scheme that resulted in more than $2 million in false claims billed to the state insurance system MassHealth.
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