RXi Pharmaceuticals Corp., a clinical-stage biotechnology company based in Marlborough, narrowed its net loss to $2.28 million in the first quarter, down from $14.39 million a year earlier.
News that online marketing firm TelexFREE of Marlborough has allegedly been making money off investments by Brazilian immigrants in a massive scheme was eye-opening for many, but people close to the community aren't surprised.
A national real estate operating company purchased Brookview Village, a 28-acre development site in Marlborough, on May 1 for $5.85 million, according to deed records.
Natick-based pharmaceutical company Boston Scientific Corp. (BSX) announced it will acquire IoGyn Inc, a clinical-stage company that has received FDA approval on a system designed to treat uterine fibroids and polyps.
The developer of a condominium complex at an old shoe factory near downtown Marlborough said the housing units are nearly ready for sale after four years of planning and construction.
The Howe Shoe Factory Condominiums at 110 Pleasant St. include a mix of units featuring the original post-and-beam architecture. The building was one of six Howe factories that operated in the city in the mid- to late-19th century. Developer Stas Burdan, owner of Altre Development, said he's hoping the two-bedroom, two-bathroom units will be popular among young urban professionals, as well as retirees looking to downsize.
Boston Scientific, lifted by growth in cardiac-treatment devices, reported a 4-percent jump in operational revenue for the first quarter along with net profits of $133 million, rebounding from a $454 million loss in the first quarter of 2013.
(Updated Tuesday, April 29; 4:35 p.m.) Marlborough's city council is considering a tax break proposal for California-based SanDisk Corporation, which is looking to relocate its regional research operations to the city.