By Boston Restaurant Talk A new dining and drinking spot has come to Cambridge after being in the works for at least six years. According to an Instagram post from the place, Mothership is now open in the Alewife area of the city, moving into a building on CambridgePark Drive that is also home to a location […]
By Will Parker When Tressy Coats looked to rent a somewhat worn-out, three-bedroom house in Virginia Beach, Va., two years ago, the market was so tight that 46 other people applied to rent the same home. This June, Coats found an ocean-facing, two-bedroom apartment in that city. The $2,100 a month rent was lower than she […]
By Rowan Walrath In a first for the Nobel Prize-winning gene-editing technology, a CRISPR-based drug has been approved in the U.S. The Food and Drug Administration gave the green light Friday to exa-cel, a drug made by two Boston-based companies, Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) and CRISPR Therapeutics Inc. (Nasdaq: CRSP). It will be marketed under […]
By Rowan Walrath Somerville’s bluebird bio Inc. has won its third U.S. drug approval since splitting into two companies. On Friday, the Food and Drug Administration approved lovo-cel, a gene therapy for sickle-cell disease. The drug will be marketed under the name Lyfgenia. The FDA announced Lyfgenia’s approval at the same time it said it had approved […]
By Greg Ryan One year ago almost to the day, the Nissenbaum family was on the brink of becoming $150 million richer. Things did not go as planned. For much of 2022, the Nissenbaums had a tentative deal in place to sell their car-parts junkyard near Somerville’s Union Square to the real estate developers building the […]
By Steph Solis The creators of a new venture studio in Kendall Square aim to make Massachusetts the global center of the AI industry. Driving the news: CIC, which operates “innovation campuses” worldwide, partnered with C10 Labs, an MIT Media Lab spinout, to launch an AI venture studio space. Why it matters: The founders want to harness […]
By Charlotte LoBuono The Massachusetts Biotechnology Council, the nation’s oldest biotech trade association, released its 2023 Industry Snapshot on September 6. The report found that biotech and pharmaceutical companies in Massachusetts added more research and development and biomanufacturing jobs than in most other states in 2022. The biopharma R&D workforce in Massachusetts had a year-over-year growth rate of 8.5% […]
By David Abel From a distance, the new skyscraper looks like any other generic glass tower looming over downtown Boston. But it’s the bowels of the building — in its curtains of glass, in its thickly insulated walls, and in its specially designed ventilation systems — that make it distinct from the others. The $1.4 […]
By Jon Chesto Revs fans are going to have to wait longer for a shot at their goal: a soccer stadium in the heart of Greater Boston. Legislation that would have paved the way for a New England Revolution stadium to go up along the Mystic River in Everett was sidelined when state House and […]
By Alice Atkins and Sujata Rao-Coverley The Federal Reserve will cut interest rates by 275 basis points next year, nearly four times more than what markets are pricing, strategists at UBS Investment Bank predict. A continued decline in inflation will enable the central bank to start easing policy as soon as March, with rates likely to be cut in the large increments […]
