Lantheus Holdings has secured approval from the US Food and Drug Administration (FDA) for the supplemental drug application (sNDA) for its isolator-based drug manufacturing facility for DEFINITY (Perflutren Lipid Microsphere) in North Billerica, Massachusetts. According to the US-based provider of diagnostic imaging agents, DEFINITY is an ultrasound enhancing agent in the US for patients having […]
Eli Lilly and Company (Lilly) has revealed plans to open a new research facility for genetic medicine dubbed as Lilly Institute for Genetic Medicine in Boston with an investment of around $700 million. According to the US pharma giant, the investment in the Boston Seaport site is part of its strategy to advance RNA based […]
Keltron Corporation, a Massachusetts-based provider of life safety event management systems, has acquired the assets of pressure gauge manufacturer MIJA Industries for an undisclosed price. MIJA Industries, which is based in Rockland, Massachusetts, is engaged in manufacturing industrial, medical, and fire protection pressure gauge applications. The company manufactures pressurized gas measurement that comes with alert […]
Oxford Biomedica, a UK-based gene and cell therapy company, has agreed to form a joint venture (JV) to undertake an adeno-associated virus (AAV) manufacturing and innovation business in the US with Homology Medicines. The joint venture has been named — Oxford Biomedica Solutions. As per the terms of the agreement, Oxford Biomedica will pay $130 […]
One80 Intermediaries, a Boston-based specialty insurance broker, has acquired PMC Insurance Group, a wholesale broker for workers’ compensation and program manager. The financial terms of the deal were not disclosed. PMC Insurance Group was established in 1996 to help independent insurance agents grow their capabilities in marketing by offering workers’ compensation specialty products and programs […]
TriMech, a Virginia-based technology partner to engineers and manufacturers, has acquired the Mastercam CAM software businesses of MACDAC Engineering and Compumachine. The financial terms of the two deals were not revealed by TriMech, which is a portfolio company of private equity firm Halifax Group. MACDAC Engineering, which is based in Somers, Connecticut, is a Mastercam […]
Novo Nordisk has signed a deal worth around $3.3 billion to acquire Dicerna Pharmaceuticals, a US-based biotech company focused on developing ribonucleic acid interference (RNAi) therapies. Based in Lexington, Massachusetts, Dicerna Pharmaceuticals leverages its proprietary GalXC and GalXC-Plus RNAi technologies to develop therapies to preferentially silence genes that either cause or contribute to disease. The […]
LightForce Orthodontics, a maker of 3D printed braces system, has raised $50 million in a Series C round led by venture capital firm Kleiner Perkins. Previous investors of the company — Matrix Partners, AM Ventures, and Tyche Partners, also took part in the funding round. Based in Burlington, Massachusetts, LightForce Orthodontics is a digital platform […]
The Hilb Group has acquired Forrest Insurance Agency, a property and casualty (P&C) agency based in East Longmeadow, Massachusetts, for an undisclosed price. The acquisition is said to broaden the P&C offerings and footprint in New England for the Virginia-based insurance brokerage. Ricky Spiro — Hilb Group CEO said: “Forrest Insurance brings experience, expert service […]
Materion Corporation, an Ohio-based supplier of high performing advanced materials, has agreed to acquire the electronic materials business of H.C. Starck Solutions — HCS-Electronic Materials for $380 million. The deal was announced in late September. Based in Newton, Massachusetts, HCS-Electronic Materials supplies tantalum- and niobium-based products and services for the semiconductor, industrial, defense and aerospace […]