While travel search giants Google, Kayak Software Corp. and ITA Software Corp. battle it out over the future of online travel search, social travel site operator Get out of Cambridge Inc. is just getting started. The company has raised a $560,000 seed round, according to a regulatory document filed Friday. Founded in 2008 by Harvard […]
The whoopie pie war is on. Pennsylvania residents are planning to hold a rally Saturday to protect their heritage and claim the whoopie pie as their own. The event is being organized by Lancaster resident Nick Martin in response to recent events in Maine, where lawmakers are seeking to designate the whoopie pie as the […]
Aveo Pharmaceuticals Inc. of Cambridge announced a partnership that could be worth more than $1.3 billion with Astellas Pharma on Aveo’s lead drug candidate, the cancer treatment tivozanib. Japanese drugmaker Astellas agreed to pay Aveo $125 million up front. Aveo could receive $575 million if tivozanib reaches clinical development and regulatory milestones, while sales milestone […]
The Consumer Price Index for the Boston-Brockton-Nashua area increased 1.1 percent over the 12-month period that ended in January, the US Bureau of Labor Statistics reported today. The increase, the bureau said, was largely due to an increase in energy costs. For the 12-month period, gas prices rose 14.3 percent, the bureau said. The index […]
EMD Serono, the Massachusetts biopharmaceutical division Merck KGaA, held an official opening ceremony today for a new $65 million research-and-development facility in Billerica that will initially create about 100 new jobs. Merck, a chemical and pharmaceutical giant headquartered in Germany, will now have four research hubs deployed around the globe, and the Billerica site will […]
By DEALBOOK BJ’s Wholesale Club said on Thursday that it had decided “to explore and evaluate strategic alternatives, including a possible sale of the company.” That only confirms what the market has known for months: that there is an auction going on for the retailer. BJ’s has hired Morgan Stanley to run the sales process. […]
Cambridge-based Momenta Pharmaceuticals has been granted a patent that will help the company advance its drug target for a generic form of Teva Pharmaceutical Industries’ multiple sclerosis treatment Copaxone, the Boston Business Journal reports. The approval capped a good day for Momenta and a not-so-good one for Teva, which reported that profits fell short of […]
Eisai Inc. launched on Thursday a wholly owned research and development subsidiary in Cambridge called H3 Biomedicine Inc. that will focus on personalized cancer medicines based on cancer genetics and chemistry advances. Eisai, the U.S. pharmaceutical subsidiary of Tokyo-based Eisai Co. Ltd., has pledged up to $200 million in research funding, plus more for clinical […]
The Cambridge office of search engine giant Google Inc. has grown to employ more than 300 people, and now it’s making room for more. The company is recruiting local engineers, advertising managers, and administrative staff — all part of a global hiring spree, the biggest in Google’s history, with plans to hire more than 6,000 […]
Heartland Robotics Inc. said it is relocating its corporate headquarters and product development efforts from Cambridge to an area of Boston’s Fort Point Channel neighborhood that falls within what Mayor Thomas M. Menino has dubbed the “Innovation District.” The company, which is developing a new generation of intelligent robots to increase productivity in manufacturing environments, […]
