X4 Pharmaceuticals has finalised its merger with Arsanis, creating a late-stage biopharmaceutical company focused on tackling rare diseases and cancer. This strategic move unites two Massachusetts-based companies, with X4 Pharmaceuticals specializing in immune cell trafficking therapies for conditions such as primary immunodeficiencies and cancer, and Arsanis leading the charge in monoclonal antibody (mAb) immunotherapies for […]
German pharmaceutical giant Merck KGaA has announced a significant investment of $70 million to expand its EMD Serono research and development (R&D) facility located in Billerica, Massachusetts. This expansion, which includes the construction of a new building, is set to drive innovations in critical areas like oncology, immuno-oncology, and immunology, helping the company advance its […]
German pharmaceutical giant Merck is set to invest $70 million to expand its EMD Serono research and development (R&D) facility in Billerica, Massachusetts. This major investment will support the company’s efforts in advancing drug discoveries, specifically in oncology, immuno-oncology, and immunology. The expansion, which includes the construction of a new 145,000 square-foot building, will help […]
Lakeview Farms acquisition of Tribe Mediterranean Foods : Lakeview Farms has acquired Tribe Mediterranean Foods, a Massachusetts-based manufacturer of preservative-free prepared hummus products, for an undisclosed price. The acquisition for the Ohio-based Lakeview Farms enables it to expand further into the fresh dip category, as per the latest food acquisition news. Currently, Lakeview Farms, which […]
Wind industry news : Norwegian energy company Equinor successfully bid $135 million for one of three lease areas offshore Massachusetts in the online offshore wind auction held by the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM). The lease area secured by Equinor in this connection is OCS-A 0520, which is spread […]
Brazilian petrochemical company Braskem has started operations at a new facility in Boston, Massachusetts to expand its focus on the research, development and commercialization of chemicals and materials procured from renewable feedstocks. The thermoplastics resins producer will indulge into biotechnology and material science R&D, business and market development and technology scouting for important strategic partnerships […]
US solar industry news : Navisun, a solar power company has acquired OSG Solar I, a 2.746MW solar project in Orange, Massachusetts for an undisclosed price. OSG Solar I project has been in producing power since mid-2012. Through the acquisition, Navisun has started its mission to create a portfolio of solar power projects in the […]
Food industry news : Japanese food and chemical company Ajinomoto through its subsidiary Ajinomoto North America has acquired medical foods company Cambrooke Therapeutics for nearly $64 million to enter into the US medical foods market. Based in Massachusetts, Cambrooke Therapeutics is a therapeutic nutrition company. It provides medical nutrition products across the world for patients […]
