Marlborough

Web Industries Inc., a Marlborough-based provider of precision converting and outsource manufacturing and 100% employee-owned company, has appointed John Madej as its new president.

Lightpath, an all-fiber, infrastructure-based connectivity provider in New York will create a 75-mile expansion of high-count fiber down the I-90 corridor to improve MetroWest internet connectivity.

Nasuni Corp., a Boston cloud storage company with an office in Marlborough, received a $60-million equity investment by new investor Sixth Street Growth in New York.

Marlborough drugmaker Phio Pharmaceuticals ended the 2021 fiscal year with $24.1 million cash in hand, enough to carry the drugmaker through the second quarter of 2023.

A nearly 98,000-square-foot industrial complex in Marlborough sold for $8 million in a sale closed Friday, according to the Middlesex South District Registry of Deeds.

Skinner, a midsized art auction house with locations in Marlborough and Boston, has been acquired by London-based global auction house Bonhams.

Marlborough medical device manufacturer Hologic Inc. partnered with the Women’s Tennis Association to further the company’s focus on women’s wellness and equality.

Local entrepreneur Kevin Labadini sold both of his car wash locations to a Canton-based car wash company, with the two sales totaling $4.75 million, according to the registries of deeds.

Among the hires and promotions in this edition of Movers & Shakers are those at Fletcher Tilton, Open Sky Community Services, AXIOM Learning Solutions, and AAFCPAs.

Marlborough drugmaker Phio Pharmaceuticals has begun animal studies on an antiviral compound as a potential treatment for SARS-CoV-2 infection, the virus that causes COVID-19.