Losses at Advanced Cell Technology (ACT) of Marlborough deepened in its first quarter, as the cost of clinical trials for its macular degeneration treatments rose, the company said.
Cost of living in the nine-town stretch of MetroWest between Hopkinton and Natick ranks above that of Boston, according to a report released last week by Framingham State University.
The school's MetroWest Economic Research Center (MERC) issued its cost of living index – which it gathers and shares with a national organization called C2ER that tracks national prices – last week at its 21st annual conference at the Verve Crowne Plaza in Natick.
Marlborough's hospitality industry is showing signs of growth, with a 23.5-percent increase in hotel room revenue over the last three years, according to the Marlborough Economic Development Corp. (MEDC), a public-private partnership for the city.
The state's Economic Assistance Coordinating Council this week approved $5.7 million in state investment tax credits for three Central Massachusetts companies.
Advanced Cell Technology of Marlborough nearly doubled its fourth-quarter revenue to end 2012, but reported a net loss of $10.3 million, the biotech firm reported Thursday.