Manufacturing

The U.S. Department of the Treasury has backtracked from its designation of IPG Photonics CEO Valentin Gapontsev as a Russian oligarch after the two sides settled a lawsuit brought by the Russian-born physicist.

Marlborough drugmaker Phio Pharmaceuticals is partnering with a Philadelphia biotech on a research collaboration to help evaluate the company’s scientific platform for use in cancer treatment.

The former CEO of Fitchburg manufacturer Micron Solutions is now working on a new device to help secure America’s schools.

Harvard Bioscience closed Monday trading up more than 10% after the Holliston biotech released a strategic action plan and financial targets through 2021.

Kopin Corp., a maker of wearable optical equipment based in Westborough, has been removed from the S&P SmallCap 600. 

The family of Russian-American billionaire and Central Mass. executive Valentin Gapontsev is one of the wealthiest in Russia, according to a new ranking by Forbes magazine. 

Franklin joint-replacement company Arthrosurface has continued its recent string of product innovation by releasing a new toe implant that recently received federal clearance. 

With long-running patent litigation involving two infringing Chinese companies, Northborough aerogel manufacturer Aspen Aerogels can now focus on growing the company.

Cannabis retailer Curaleaf has sold its Webster cultivation facility for about $9.4 million, more than double what it paid for the building just several months ago in January. 

Marlborough medical device maker Hologic has made a final offer to acquire the remaining shares of a French ultrasound manufacturer about a month after purchasing nearly half of the company’s shares.