Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jonathan Saltzman Globe Staff October 24, 2018 Alexion Pharmaceuticals Inc., the rare-disease drug maker that in July moved its headquarters from New Haven to Boston’s Seaport District, has signed its second business deal in less than a month with a local biotech start-up.Alexion said Wednesday it will pay $22 million up front to help develop two experimental drugs owned by Cambridge-based Dicerna Pharmaceuticals Inc. Dicerna is trying to develop medicines that rely on RNA interference, a cutting-edge, Nobel Prize-winning technology that drug makers hope to use to turn off disease-causing genes.Under the deal, Alexion will get exclusive worldwide rights to the two drugs — which have yet to be tested in clinical trials — and the right to exercise options, for an additional sum, to help develop and sell two other Dicerna compounds. Alexion is also … [Read more...] about Boston newcomer Alexion strikes second deal in less than a month
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Shirley Leung Globe Staff October 01, 2018 Jeff Immelt, John Flannery, and here comes Larry Culp. Count’em: That makes three CEOs since General Electric Co. moved its headquarters to Boston in 2016.Only the late Yankees owner George Steinbrenner went through more field managers.One could conclude that Boston is GE’s curse. Since it set up a temporary headquarters in an old loft space in the Fort Point neighborhood, its stock has plummeted more than 61 percent. Not only was the industrial giant the worst-performing stock in the Dow Jones industrial average in 2017, but the company got bounced from the list in June after more than a century. Advertisement But the truth is GE arrived in Boston wounded, an organization in the middle of a massive reboot, in search of a place that could make it more nimble and innovative. Say what you will about Immelt, … [Read more...] about Three CEOs later, is Boston a curse for GE?
As the wearables market emerged a decade ago, France’s Withings took its place among a class of pioneers that included such names as Fitbit, Pebble, and Jawbone. And in its home territory, Withings’ rise had French Tech boosters hoping that it just might be the break out startup hit the country craved. So when the company was acquired by Nokia for $192 million in 2016, the news came as a shock. Withings’ cofounders insisted at the time that the deal would help them accelerate growth. Instead, within a year, Nokia had snuffed out the Withings brand name as part of a broader, ill-fated strategy that involved writing down the entire value of the deal to almost zero, and announcing that the Withings business was for sale. But it seems the biggest surprise was yet to come. The company, now officially Nokia Digital Health, was sold back yesterday to Withings cofounder Éric Carreel for a sum he says he cannot disclose. Just what he is getting back is unclear. … [Read more...] about How Withings’ Éric Carreel plans to raise his wearables company from the dead
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jaclyn Reiss Globe Staff May 31, 2018 Could some people be willing to trade in their Yankees hats for Red Sox ones?More than a third of New Yorkers are looking for homes outside the city — and their leading potential destination is Boston, according to a study by Redfin.The study, which was released by the real estate company last week, looked at more than 1 million Redfin users’ search history across 75 metro areas in the first three months of 2018. The analysis found that 34 percent of New York City residents were looking at homes in a different area, and that Boston was the most-searched city. Advertisement Looking to leave tight, expensive housing markets appears to be a national trend: About 24 percent of Redfin users looked to relocate to another metropolitan area last quarter, up from 19.8 percent a year earlier, the report said. Get Fast … [Read more...] about New Yorkers are looking to flee the Big Apple — and move to Boston, study says
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Tim Logan Globe Staff May 17, 2018 On the sixth floor of a Back Bay office building, past the Art Deco lounge with its bouncy background music and long bar, there’s a row of small, glass-walled offices where developers and data scientists ponder smart-home technology and sensors to make cars safer. Walk down the hall and you’ll pass a small venture capital operation. At the end is a showroom stuffed with drones, virtual reality headsets, and other tech toys.The floor, one of three in the building run by a company called WeWork, looks and feels like part of Boston’s startup world. And it is. But WeWork also is an outpost for Liberty Mutual, an insurer that started up in 1912.Three years ago, despite having ample room at its Back Bay headquarters, Liberty Mutual moved its Solaria Labs innovation center to space rented out by WeWork, first near South … [Read more...] about Once a haven for boot-strapped startups, larger companies now turn to co-working spaces