By Lucia Maffei After a national search that lasted months, Somerville-based Greentown Labs has found its new leader. The largest climatetech incubator in North America said Thursday it appointed Kevin Knobloch as its next CEO. He plans to start on Sept. 5. Knobloch, 66, served as chief of staff of the U.S. Department of Energy during […]
By Rowan Walrath Massachusetts’ life sciences industry grew by more than 7,000 jobs last year, outpacing competitor states even as the so-called “Covid boom” began to wane. That’s according to the latest “Industry Snapshot” report put out by the Massachusetts Biotechnology Council, the trade group better known as MassBio, which examines trends in workforce, real estate, […]
But as venture outlays fall, a recent spurt of layoffs has clouded outlook By Robert Weisman Globe Staff Massachusetts continued to expand its biopharma workforce in research labs and manufacturing plantslast year even as venture capital investment dwindled and fewer biotech companies went public. Overall employment in the sector — a bellwether of the state’s […]
By Rowan Walrath In the 2010s, life sciences developments made up less than 5% of all office construction nationwide. In the last two years alone, such projects have compromised more than one-in-four new projects, according to a new report from commercial real estate software company CommercialEdge. The report, released last week, warns of a possible oversupply on […]
By Rowan Walrath – Life Sciences Reporter, Boston Business Journal Developers hit a significant milestone in construction for a new, $915 million lab project in Boston’s Allston neighborhood. On Monday, developer King Street Properties and building contractor Consigli Construction Co. Inc. topped off the project that will become Allston Labworks, a mixed-use site involving life sciences space, […]
By Greg Ryan Astellas Pharma Inc. has agreed to take space on two floors of the newest lab building in the massive Cambridge Crossing mixed-use development, one of the region’s largest lab leases this year. The Japanese pharmaceutical giant will occupy about 62,000 square feet at 441 Morgan Ave., a 10-story building whose core and shell […]
By Greg Ryan Locus Robotics formally broke ground Wednesday on a nearly 200,000-square-foot headquarters in Wilmington, the town where the robot maker is now based. The new facility, at 100 Fordham Road, will replace its current home at 301 Ballardville St. in Wilmington and house the company’s executives and engineering, manufacturing and operations personnel. Locus’ European […]
By Rowan Walrath Massachusetts leaders want to make the commonwealth a hub for not just the research of drugs, but for the manufacturing of drugs. It’s a goal that’s seen progress in stops and starts before. The Genetics Institute Inc., the legendary Cambridge company that pioneered biomedical research in the early 1980s, set up shop in […]
Center of Innovation Across Industry Sectors Boston is a leading center of innovation in multiple sectors including life sciences, high tech, clean energy, maritime and aerospace. Because of the large entrepreneurial base, and the great concentration of universities, research centers, hospitals and support services, there are many other types of companies developing products ranging from […]
By Gail Kalinoski Pharmaceutical and biotechnology company Moderna has acquired a newly built 140,000-square-foot Boston-area GMP facility from developer Oxford Properties Group for $91 million. The 24-acre parcel, acquired as a vacant site by Oxford in 2021, is located at 149 Hayes Memorial Drive in Marlborough, Mass., a Boston submarket. Oxford built a two-story biomanufacturing facility that was designed to […]
