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Phila. biotech firm agrees to pay $2.75M settlement

2015-06-03 21:15:35| Biotech - Topix.net

A Philadelphia biotechnology company has tentatively agreed to pay $2.75 million to resolve a lawsuit brought by its shareholders, who allege the company made "material misrepresentations and omissions" regarding the status of a new drug application for its lead new drug candidate. The class action lawsuit was filed against Hemispherx Biopharma , which has spent more than three decades developing Ampligen for a variety of possible uses.

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Austin tech services firm bought by Minnesota company

2015-06-03 20:45:33| IT Services - Topix.net

Austin-based Cascadera, which was founded in 2008 as Blazar LLC, installs Oracle Micros point-of-sale systems for retail stores. In 2013, the company changed its name to Cascadera, according to filings with the Texas Secretary of State.

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Former Evergreen plant in Devens sold to Maryland firm

2015-06-03 00:12:18| Industrial Machines - Topix.net

The sale of the 392,000-square-foot Class A manufacturing plant at 112 Barnum Road in the former military base was announced by its owners, Calare Properties, a private, Hudson-based real estate investment firm and operator, and Hackman Capital Partners, LLC, an asset-based investment firm headquartered in Los Angeles. The buyer is  Clinton-based Nypro, now part of Jabil, a Florida-based company, has leased about half of the building for manufacturing use.

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Former Evergreen plant in Devens sold to Maryland firm

2015-06-03 00:12:17| Industrial Machines - Topix.net

The sale of the 392,000-square-foot Class A manufacturing plant at 112 Barnum Road in the former military base was announced by its owners, Calare Properties, a private, Hudson-based real estate investment firm and operator, and Hackman Capital Partners, LLC, an asset-based investment firm headquartered in Los Angeles. The buyer is  Clinton-based Nypro, now part of Jabil, a Florida-based company, has leased about half of the building for manufacturing use.

Tags: firm sold plant maryland

 

Local Pharma firm plans to construct 3 new facilities

2015-06-02 18:21:16| Biotech - Topix.net

The Valley Forge, Pa., pharmaceutical distribution services company said its is building facilities in Olive Branch, Miss.; Shakopee, Minn.; and Newburgh, N.Y.; to "improve product access and increase supply chain efficiency." The building projects are part of AmerisourceBergen's ongoing investments in improving its shipping and information technology systems.

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