NEWS
October 27, 2011 | By Casey Ross, Globe Staff
A California developer will break ground today on an 11-acre, $500 million laboratory, office, and residential complex in Cambridge's Kendall Square, one of the largest construction projects to start in Greater Boston this year. Alexandria Real Estate Equities Inc. of Pasadena will start construction with a six-story headquarters for drug giant Biogen Idec Inc., which will move its executive offices from Weston. The development plans call for seven buildings, including two residential structures, in the heart of a commercial district that continues to attract the biotechnology giants whose growth has...
BUSINESS
June 30, 2011 | By Robert Weisman, Globe Staff
WASHINGTON — Massachusetts officials came courting biotechnology business yesterday, descending on the nation’s capital to promote an industry convention scheduled for Boston next year, trumpet new life sciences collaborations with three countries, and invite thousands of executives gathered here to set up shop in the Bay State. “The life sciences community in Massachusetts is on fire,’’ Governor Deval Patrick told a luncheon crowd at the Biotechnology Industry Organization’s annual gathering.
NEWS
January 27, 2012 | By Colin A. Young
The Massachusetts Life Sciences Center announced yesterday that it has awarded a $5 million grant to the Museum of Science, Boston, that will be used to build a new, expansive exhibit dedicated to the life sciences. Construction of the exhibit, which will be called the Hall of Human Life, will begin this summer. The grand opening is scheduled for July 2013. "It will be the most spectacular exhibit on human biology in the world," said Ioannis N. Miaoulis, the museum's president and director.
BUSINESS
January 10, 2012 | By Chris Reidy
Knome Inc., a Cambridge life sciences company, has named Dr. Martin Tolar as chief executive. Knome supports researchers with the informatics and software tools used to investigate the genetic basis of human disease and drug response. Before joining Knome, Tolar was chief executive of Normoxys Inc., where he helped build a management team, secure venture financing, and advance the company's novel cancer therapeutics from a research project into clinical development, Knome said.
BUSINESS
July 2, 2008 | Associated Press
NEW YORK - Analysts say there may be more consolidation in the life sciences sector following Invitrogen Corp.'s purchase of Applied Biosystems Group and Thermo Fisher's acquisition of Open Biosystems. "There is some school of thought that we'll start to see a broader consolidation wave," said JPMorgan analyst Tycho Peterson in a conference call Monday. Invitrogen Corp. has agreed to pay $6.4 billion for Applied Biosystems, which was a unit of Applera Corp. The deal brings Invitrogen's systems and Applied Biosystems' disposable products together to form the...
BUSINESS
April 11, 2012 | By Chris Reidy
Cambridge venture capital firm Flagship Ventures said Tuesday that it is partnering with Merck Research Laboratories and its newly formed Merck Research Ventures in a collaboration designed to foster early-stage innovation in life sciences. Merck & Co. is a large drug company based in New Jersey. As part of the collaboration, Merck Research Ventures Fund became an investor in Flagship Ventures Fund IV L.P., a $270 million venture capital fund that closed in January, Flagship Ventures said in a press release.