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Life Sciences

Worcester gene therapy startup raises $13M for manufacturing facility

A gene therapy startup company at Worcester's Massachusetts Biomedical Initiatives incubator has raised $13 million in new funding to be used to establish a manufacturing facility in Lexington.

Beverly Hills law firm files class-action lawsuit against Boston Scientific

The Beverly Hills-based Schall Law Firm on Monday announced it is filing a class action lawsuit against Marlborough medical device manufacturer Boston Scientific, alleging potential Securities Exchange Act violations, according to a press release from the lawyers.

Waters CFO stepping down

Milford life sciences company Waters Corp. has reported Sherry Buck will step down as chief financial officer at the end of December.

Boston Scientific sells British antidote business for $800M

Marlborough medical device manufacturer Boston Scientific Corp. has entered into an agreement to sell its BTG Specialty Pharmaceuticals business for $800 million in cash.
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Hologic earns FDA approval for breast cancer AI technology

Marlborough medical device company Hologic has won regulatory approval for a new device using artificial intelligence to detect subtle potential breast cancers.

Boston developer moving forward on $500M Devens life science complex

King Street Properties, a Boston development firm that bought three Devens sites this year, is planning a $500-million life sciences complex in a major boon to the former military base.

Marlborough approves tax break for California manufacturer’s $115M facility

California’s Revance Therapeutics has secured a tax increment financing agreement with Marlborough to cover a planned $115-million new construction with the company committing to the creation of 76 jobs.

Boston Scientific recalls and cancels valve system at cost of $450M

Marlborough medical device manufacturer Boston Scientific has voluntarily recalled the unused inventory of one of its aortic valve systems and announced it will discontinue the product.
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German COVID vaccine maker establishing $150M Boxborough facility

A German biologics company has chosen a Boxborough site for a $150-million virotherapy manufacturing center spanning 110,000 square feet in what the company says is a major expansion of its United States operations.

Phio Pharma ends Q3 with $16.9M on hand

Marlborough drugmaker Phio Pharmaceuticals has ended the third quarter of the year with $16.9 million on hand as it ramps up its research and development of its cancer therapy technology.
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