Latest News October 12, 2008

Babson brings in $10.8M gift to promote social entrepreneurship

Babson College has landed a $10.8 million gift from the Lewis Charitable Foundation to establish an institute to support teaching, research and outreach in social entrepreneurship, including health care and clean tech concepts.

Boston Scientific stent gets FDA approval

Natick-based Boston Scientific Corp. plans to begin selling its Taxus Liberte Paclitaxel-Eluting Coronary Stent System in the U.S., following today’s announced approval from the U.S. Food and Drug Administration.

Biogen withdraws arthritis drug after trial failures

Cambridge biotech Biogen Idec has stopped the development of its rheumatoid arthritis drug, baminercept, after it failed to meet both its primary and secondary endpoints in a Phase 2 trial, company officials announced.

Kronos Advanced Technologies shuts down

Kronos Advanced Technologies Inc., a maker of air movement and purification technologies in Belmont, has “curtailed operations and reduced its workforce to the fullest extent,” in response to the receipt of a notice of default by investor AirWorks Funding LLLP.

Draper taps retired general John Gordon as board chair

The non-profit defense research institute, Charles Stark Draper Laboratory Inc., has found a new board chairman in retired U.S. Air Force Gen. John Gordon. The four-star general will replace Draper’s current chairman John Kreick who is retiring and has held the post since 2001.

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The PITCH

SAGEPOINT SOFTWARE

Headquarters: Needham, Mass.
Employees: 6
Founded: 2007
The Pitch: SagePoint’s product is a software-as-a-service intended to help companies make better personnel decisions.
Web: www.sagepointsoftware.com

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Ironwood aims for area’s next blockbuster drug

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From the October 10, 2008 Print Edition

Ironwood Pharmaceuticals Inc. is aiming its sights on treatment areas typically pursued by large, deep-pocketed pharmaceutical companies and has amassed about $280 million in financing, primarily led by high-profile backers like venture capital firms Polaris Venture Partners and Venrock.

For the rest of the story, click here.

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Signature Programs

Women to Watch 2009

Mass High Tech’s Women to Watch program honors 10 New England-based women each year who are leading the way in entrepreneurship, technological innovation and lifelong learning. Read the profiles from the most recent publication, and be sure to nominate someone for Women to Watch 2009 before it’s too late!

Mass High Tech All Stars

Nominations are now closed for the Mass High Tech's 13th Annual All-Stars award.

Individuals are selected from such sectors as: Advanced Energy, Biotech, Education, Electronics, Hardware, Internet, Medical Devices, Software and Telecommunications. In addition, we'll name players to the Bullpen (which could include lawyers, financiers, public policy makers, association representatives or others who help our high tech industries thrive).

Find out who has been named the 2008 Mass High Tech All-Stars award winners.

The award winners will be honored at a reception at The Charles Hotel in Cambridge on Oct. 30 and will be profiled in a special section in our Oct. 24th issue. Register to attend the event.

Nominations are now open for the 14th Annual All-Stars Awards winners, to be honored in the fall of 2009.

Tech Dealmakers

Mass High Tech and the Association for Corporate Growth Boston (ACG) announced the winners of the 2007 Tech Dealmaker Awards at the ACG Boston 2007 Tech conference Wednesday night. This is the first year for these awards that honor and recognize the most interesting, most complex and largest financial transactions involving New England-based high tech companies. The winners are also featured in a special supplement in Mass High Tech's Friday, Dec. 7 issue. Read the full article »

Nominate someone for this year »

Tech Citizenship: Alive and well in New England

Mass High Tech annually honors New England technology companies that use their innovation to improve their communities as part of our Tech Citizenship section and related awards event. This week, we highlight 19 such companies for their charitable efforts in 2006. Read profiles of each company and learn how they met the criteria to be named a Tech Citizen. Their stories offer ideas from which we can all learn.

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RAPID MICRO BIOSYSTEMS INC.

Rapid Micro Biosystems is providing products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products.

www.rapidmicrobio.com

Bedford, Mass.