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Vertex teams up with Feng Zhang startup on gene editing tech

Vertex teams up with Feng Zhang startup on gene editing tech - Quincy




Vertex Pharmaceuticals is partnering with a local biotech co-founded by one of the masterminds of gene editing, announcing a deal Thursday to develop treatments for five diseases including cystic fibrosis. Boston-based Vertex (Nasdaq: VRTX), which focuses on the lung...
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National Grid, union reach tentative deal to end lockout

National Grid, union reach tentative deal to end lockout - Quincy




National Grid and the United Steelworkers union have reached a tentative agreement to end the six-month lockout of 1,250 gas-utility workers, according to a joint statement issued by the utility and the union late last night. The tentative deal will replace the...
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Cambridge cannabis firm Tilt to buy vape tech maker for $210M

Cambridge cannabis firm Tilt to buy vape tech maker for $210M - Quincy




Massachusetts cannabis company Tilt Holdings Inc. has acquired an Arizona-based vape company for $210 million, broadening the array of cannabis products offered under the TILT brand. Cambridge-based Tilt announced on Thursday morning that it had acquired Juniper...
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Former Bruins player lists Newton home for a cool $2.5M

Former Bruins player lists Newton home for a cool $2.5M - Quincy




A former Boston Bruins player and his wife have listed their Newton home for sale for just under $2.5 million. Matt Beleskey and his wife, Victoria, are listing the six-bedroom, six-bathroom home through George Sarkis of brokerage Douglas Elliman. Beleskey, a left...
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Star lawyer leaves Ropes to launch Boston office for Orrick

Star lawyer leaves Ropes to launch Boston office for Orrick - Quincy




The corporate legal giant Orrick Herrington & Sutcliffe LLP is opening a Boston office by hiring away a trio of Ropes & Gray LLP partners specializing in data breaches and cybersecurity, including star litigator Doug Meal. Joining Meal at Orrick are partners...
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Atlas launches $250M fund for later-stage investments

Atlas launches $250M fund for later-stage investments - Quincy




Life sciences investment firm Atlas Venture is launching a new $250 million fund for later-stage investments, the Cambridge-based company announced Wednesday. Atlas Venture’s new bank of capital, its first so-called Opportunity Fund, will be used for Series B...
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Mass. colleges whose endowments grew the most in 2018

Mass. colleges whose endowments grew the most in 2018 - Quincy




Some of the Bay State’s richest private colleges got even richer in 2018. A Business Journal review of college financial statements shows endowment gains at two dozen of the wealthiest local schools during the fiscal year that ended June 30, 2018. The biggest...
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13 local life sciences drugs and devices to watch in 2019

13 local life sciences drugs and devices to watch in 2019 - Quincy




It’s a new year, and local life sciences companies are readying a stream of new products. A dozen Massachusetts companies are currently conducting final clinical tests and assessing rounds of data for an array of new treatments that could be sent to the FDA for...
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11 Mass. business leaders to watch in 2019

11 Mass. business leaders to watch in 2019 - Quincy




As another year goes into the books, it’s worth examining exactly who’s going to make a big splash as the calendar turns to January. This year’s roster of business leaders to watch in the upcoming year includes an outspoken city official, a local...
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Three Mass. biotechs prepare to ring in 2019 with IPOs

Three Mass. biotechs prepare to ring in 2019 with IPOs - Quincy




Three local companies are set to be among the first U.S. biotechs to go public in 2019, hoping to raise $227 million collectively. Cambridge’s TCR2 Therapeutics Inc. and Newton’s Stealth BioTherapeutics Corp. are aiming to raise up to $100 million and $86...
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CBRE New England adds to Boston leadership team

CBRE New England adds to Boston leadership team - Quincy




CBRE New England, the region’s largest real estate brokerage, will have a new member of its leadership team effective Jan. 1.  Jodie Poirier, who previously led a CBRE office in the South Bay area of Los Angeles, will be managing director in Boston, joining...
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Cambridge database company NuoDB raises $30M

Cambridge database company NuoDB raises $30M - Quincy




In perhaps the final major local fundraise of 2018, Cambridge-based database provider NuoDB has raised a $30 million equity round, according to an SEC filing. This brings the company’s total funding to $95 million to date. Founded in 2008, the company...
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These were the BBJ's most-read stories in 2018

These were the BBJ's most-read stories in 2018 - Quincy




From Amazon.com Inc.’s expansion plans to seismic changes at General Electric Co. to breakthroughs in science and health care, it was a year of upheaval in the Boston business community — and the Business Journal had it covered every step of the way. As...
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Boston gym The Phoenix aims to help people in recovery rise

Boston gym The Phoenix aims to help people in recovery rise - Quincy




It was five years ago that Kelly Cave first heard about a gym in the Denver area that would change her life. At age 23, Cave was newly sober, and some friends recommended she go to The Phoenix, a nonprofit fitness center that’s free to anyone with 48 hours of...
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Beacon Hill leaders to get hefty pay raises

Beacon Hill leaders to get hefty pay raises - Quincy




The adjustments in legislative base pay are required biennially under the state Constitution, and are based on changes in the median household income statewide. The problem is that the law never spelled out who should determine the size of those adjustments.
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Viewpoint: It's time to reclaim civility for the workplace

Viewpoint: It's time to reclaim civility for the workplace - Quincy




You can see it on the Mass Pike, the Expressway, and the T. In the workplace and at home. Everyone seems to be in our way, our impatience reaches a boiling point, and our annoyance with everything and everyone explodes in anger or frustration. The holidays are...
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The most popular real estate stories of 2018

The most popular real estate stories of 2018 - Quincy




Here’s a rundown of the Boston Business Journal’s top 15 most-read real estate stories this year. 1. Amazon plans to lease 18-story office, add 2,000 workers in major Boston expansion: A regulatory filing from Chestnut Hill-based WS Development in February...
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Online retailers sue to avoid paying millions in Mass. taxes

Online retailers sue to avoid paying millions in Mass. taxes - Quincy




A group of online retailers has sued the state in a bid to avoid handing over millions of dollars in sales taxes on purchases made prior to the U.S. Supreme Court’s landmark Wayfair ruling in June. The Supreme Court held then that states can collect sales taxes...
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Viewpoint: New energy infrastructure must be a priority

Viewpoint: New energy infrastructure must be a priority - Quincy




The saying goes “there’s no place like home for the holidays.” Unless that is, the heating is set to frigid because the energy bill is too high, and the tree lights are flickering because of rolling blackouts. As far-fetched as this may sound, it is...
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WCVB launches new evening show featuring Maria Stephanos

WCVB launches new evening show featuring Maria Stephanos - Quincy




Newscaster Maria Stephanos is getting a new show. WCVB Channel 5 has announced that it will launch a new evening news show — anchored by Stephanos and Ben Simmoneau, with chief meteorologist Harvey Leonard — at 4:30 p.m. on weekdays. The show,...
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Researchers blame opioid epidemic on higher homeless ER visits

Researchers blame opioid epidemic on higher homeless ER visits - Quincy




Homeless people in Massachusetts are visiting the emergency room at drastically higher rates, and local researchers point to the opioid epidemic as a possible cause. An increase in Medicaid coverage may also have been a contributing factor, a study suggests. The trend...
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Cannabis-infused condoms? This company is working on it

Cannabis-infused condoms? This company is working on it - Quincy




A Massachusetts marijuana company is looking to produce cannabis-infused sexual-health products — including cannabis-infused condoms and tampons — and has hired a physician involved in the research of Viagra and Cialis to oversee the work.
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Medical pot oversight moves from DPH to commission

Medical pot oversight moves from DPH to commission - Quincy




The Cannabis Control Commission has taken over Massachusetts’ medical marijuana program. Sunday’s transition of the program away from the state Department of Public Health went smoothly, according to commission staff. According to the commission,...
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Suffolk launches student-loan repayment program

Suffolk launches student-loan repayment program - Quincy




Suffolk Construction, the largest general contracting company in Massachusetts, this January will launch a student-loan repayment program for its employees in an effort to reduce their financial stress and help them focus on long-term career growth. Outstanding U.S....
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Viewpoint: Banks must keep pace with tech changes

Viewpoint: Banks must keep pace with tech changes - Quincy




Whether by partnering with fintechs or developing their own solutions, most banks are moving quickly to invest in digital capabilities that provide similar kinds of frictionless customer experiences that resonate with customers in an increasingly digital...
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Women-led luggage startup Away opens in Seaport District

Women-led luggage startup Away opens in Seaport District - Quincy




Luggage startup Away has opened a storefront at 50 Seaport Blvd., the seventh physical location for the previously online-only brand and another example of the “clicks to bricks” trend on prominent display in Boston’s Seaport District. Away’s...
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Five real-estate developments we’re watching in 2019

Five real-estate developments we’re watching in 2019 - Quincy




The Boston Planning and Development Agency approved 41.3 million square feet of real estate development projects in 2018, and some 28 million square feet is under active construction — and that’s just in Boston. The real-estate cycle keeps churning. Here...
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O'Hanley takes reins with State Street facing challenges

O'Hanley takes reins with State Street facing challenges - Quincy




Barring a big rally in 2018’s final days, State Street’s share price will have fallen by more than 35 percent this year. The drop is partially because investors are skeptical of the recent $2.6 billion acquisition of Burlington financial technology firm...
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National Grid, union reach tentative deal to end lockout

During Christmas Eve session, Beacon Hill enacts lockout bill - Quincy




During Christmas Eve sessions, the House and Senate on Monday enacted and sent to Gov. Charlie Baker a bill extending unemployment benefits to workers locked out by their employers and facing the exhaustion of benefits. The bill, a response to National Grid’s...
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Mass. employers prepare for minimum wage to rise

Mass. employers prepare for minimum wage to rise - Quincy




As a manager at the 7/11 in Kenmore Square, Andrew Asare makes $13.50 an hour, a wage significantly higher than that of the workers he oversees. But even so, he said, it’s not a livable wage in the city of Boston. “How can you live if you have two children...
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INSA opens for recreational cannabis sales in Easthampton

INSA opens for recreational cannabis sales in Easthampton - Quincy




A city councilor who worked for years to welcome and properly regulate the local cannabis industry made the first ceremonial purchase Saturday as INSA, the medical marijuana dispensary at the Keystone Mill in the Western Massachusetts town of Easthampton, opened...
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First retail marijuana shop in Southeastern Mass. opens

First retail marijuana shop in Southeastern Mass. opens - Quincy




This story originally appeared on MassLive. The fourth recreational marijuana store opened in Massachusetts on Friday, marking the first retail shop in the southeastern part of the state. Verilife opened for recreational sales in the Plymouth County town of Wareham at...
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UMass Amherst names first female dean for Isenberg School

UMass Amherst names first female dean for Isenberg School - Quincy




UMass Amherst’s Isenberg School of Management has named its first female dean, appointing University of Wisconsin School of Business professor Anne Massey to the role on Friday. Massey, who is currently the Ruth L. Nelson Chair of Business at Wisconsin, will...
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CFO of gene editing biotech Editas leaving for Bain

CFO of gene editing biotech Editas leaving for Bain - Quincy




Editas Medicine’s chief financial officer is leaving the gene editing biotech in early 2019, returning to the investment industry with a position at Bain Capital. Editas (Nasdaq: EDIT) said Friday that Andrew Hack will leave on March 1 to take a position as a...
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Beverly pharma robotics company names new CEO

Beverly pharma robotics company names new CEO - Quincy




Beverly-based HighRes Biosolutions Inc. has named a new CEO as it aims to expand the reach of its robotic arms throughout the pharmaceutical world. Ira Hoffman, formerly the company’s president, will become CEO on February 1, replacing current CEO Peter Harris....
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Ash officially named CEO of Mass. Competitive Partnership

Ash officially named CEO of Mass. Competitive Partnership - Quincy




Days after announcing his departure as the state’s economic development chief, Jay Ash has officially been named the next CEO of the Massachusetts Competitive Partnership. The MCP is composed of 17 of the most powerful business executives in the state. They use...
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Google 'moonshot' spins off into Cambridge startup with $26M

Google 'moonshot' spins off into Cambridge startup with $26M - Quincy




Alphabet Inc. (Nasdaq: GOOG), the parent company of Google, has turned an ambitious energy storage project from its “moonshot factory” into an independent startup based in Cambridge. As part of the spinout, the startup, Malta Inc., has raised $26 million...
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Report: Red Sox owner John Henry could buy stake in NASCAR

Report: Red Sox owner John Henry could buy stake in NASCAR - Quincy




John Henry, who owns the Red Sox and the Liverpool Football Club, has expressed interest in acquiring a stake in NASCAR, Bloomberg News reported Tuesday. The report, citing anonymous sources, said that NASCAR has been “seeking minority investors.” Henry...
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Fidelity evacuates downtown headquarters following fire

Fidelity evacuates downtown headquarters following fire - Quincy




A fire broke out at Fidelity Investments’ downtown Boston headquarters Wednesday afternoon, prompting an evacuation. The Boston Fire Department had ordered two alarms to 245 Summer St. as of 12:32 p.m. Wednesday, reporting heavy smoke in the rear of the building...
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Report: GE files for IPO for health care unit

Report: GE files for IPO for health care unit - Quincy




General Electric Co. has reportedly made a confidential filing for an initial public offering for its health care unit, taking a major step in its plan to shrink the company in order to improve its financial performance. GE (NYSE: GE) has tapped investment banks...