Ginkgo Bioworks, a Boston-based biotech company, has agreed to merge with Soaring Eagle Acquisition Corp., a publicly traded blank check company, in a deal that values the former at $15 billion. The deal will enable Ginkgo Bioworks to become a publicly listed company. Founded in 2008, the company is engaged in using genetic engineering for […]
Eastern Bankshares has agreed to acquire rival Boston-based bank holding company Century Bancorp in an all-cash deal worth $642 million. While Eastern Bankshares is the holding company for Eastern Bank, Century Bancorp is the holding company for Century Bank and Trust Company. The combination will create a $22 billion combined entity, which will strengthen tge […]
Pyxis Oncology, a Boston-based biotech company, has raised $152 million in a Series B financing round co-led by Arix Bioscience and RTW Investments. The company is developing antibody-drug conjugates (ADCs), immunotherapies, and other biologics for the treatment of difficult-to-treat cancers. Pyxis Oncology’s Series B round also saw the participation of additional new investors – Perceptive […]
Roivant Sciences has agreed to acquire Silicon Therapeutics, a Boston-based drug design, research, and development company, for $450 million, in an all-share deal. The Swiss biopharma company will also make additional payments to the US firm based on regulatory and commercial milestones. Silicon Therapeutics is said to have developed a computational physics platform. The platform […]
HUB International, a global insurance brokerage, has acquired the assets of Baystate Fiduciary Advisors based in Boston, Massachusetts for an undisclosed price. Baystate Fiduciary Advisors provides investment fiduciary advisory services to 401k and 403b plan sponsors with a general business approach and also a strong concentration in the non-profit sector. As of September 2020, the […]
Private equity firm Snow Phipps Group has closed its acquisition of Prototek, a US-based rapid prototyping services provider of CNC machined and sheet metal fabricated parts and components, for an undisclosed price. Prototek caters to a range of end markets such as aerospace, defense, electronics, consumer, medical, telecommunications, robotics, and general industrial. Based outside Boston, […]
InnovHeart, an Italian medical device manufacturer, has raised €20 million in a Series B funding round for its transcatheter mitral valve replacement systems (TMVR systems) for the treatment of mitral valve disease. Existing investor Genextra, which has been the lone investor in InnovHeart since its founding in 2015, took part in the funding round. A […]
Sapiens acquisition of Delphi Technology : Israel-based Sapiens International has acquired US insurtech company Delphi Technology for $19.5 million in an all-cash deal in a move to expand its presence in the medical professional liability market. Delphi Technology, which is based in Boston, provides software solutions for property and casualty (P&C) insurers for streamlining their […]
Novo Nordisk acquisition of Corvidia : Danish pharma company Novo Nordisk has agreed to acquire Corvidia Therapeutics from life sciences venture capital firm Sofinnova Partners in a deal worth up to $2.1 billion, in a move to expand its presence in cardiovascular disease. Corvidia Therapeutics, which is based in Boston, Massachusetts, was spun out from […]
JLL Income Property Trust has purchased the newly-built Milford Crossing shopping center in Milford, Massachusetts for about $42 million. According to the real estate investment trust (REIT), the 160,000 square-foot grocery-anchored neighborhood shopping center is 99% occupied and is leased by restaurants, medical, fitness and service-oriented retailers. In addition, there is a brand-new Stop & Shop […]