Fallon Health hits new membership high and $2.8M profit

Grant Welker |

Fallon Health of Worcester hit a new high of more than 277,000 members in the second quarter, a period in which it also reported a $2.8 million net profit, it announced Wednesday.

 

Worcester courthouse redevelopment wins $800K tax credit

Grant Welker |

A long-awaited redevelopment of the former Worcester County Courthouse in Lincoln Square will be helped by an $800,000 state historical tax credit.

 

MGM preps for Springfield opening, highway advertising

State House News Service |

MGM Springfield, the state's first resort casino, has been humming with activity in recent days as employees complete dry runs of gaming and entertainment operations ahead of the planned grand...

 

Hologic subsidiary lands laughing gas rights

A subsidiary of Marlborough medical device firm Hologic has landed the U.S. and Canadian distribution rights of a Pennsylvania medical equipment manufacturer’s nitrous oxide and oxygen systems.

 

Biostage eyes FDA application in 2019

Despite just $5.8 million in cash to its name, Holliston organ bioengineering firm Biostage is eyeing a 2019 U.S. Food and Drug Administration application for its esophagus-regenerating device.

 
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Central Mass Health

Inc. 5000 honors 16 fast-growing Central Mass. firms

Zachary Comeau |

A total of 16 Central Massachusetts companies made Inc. 5000's 2018 list of the 5,000 fastest growing companies in the country.

RXi Pharmaceutics extends runway in Q2

Zachary Comeau |

Despite reporting just $58,000 in second-quarter revenues, Marlborough drugmaker RXi Pharmaceuticals was able to significantly reduce its net loss, reduce its cash burn and extend its runway.

UMass: Marijuana could help stomach problems

Researchers at UMass Medical School may have found a link between marijuana use and relief of inflammatory bowel disease.

Behavioral health group says ballot question would force closures

State House News Service |

Nurse staffing mandates called for in a November ballot question would force psychiatric hospitals to shed 1,000 beds, according to a new behavioral health care industry study.

Movers & Shakers

Twelve Central Mass. businesspersons have landed new roles at organizations like Reliant Medical Group, the Worcester County Bar Association and Rollstone Bank & Trust.

MetroWest495 Biz

Nashoba Valley Medical Center president resigning

Grant Welker |

The president of Nashoba Valley Medical Center, Sal Perla, has resigned, the Ayer hospital announced Tuesday.

ReWalk shares dive 19% after lackluster earnings report

Shares medical device maker ReWalk Robotics dropped 19 percent at Tuesday's open after the company reported a loss of $5.8 million with $9.1 million in cash left on its balance sheet.

Worcester State, Nichols form counter-terrorism degree agreement

Grant Welker |

Worcester State University criminal justice majors will be able to get a master's degree in counter-terrorism a year ahead of time under a new agreement with Nichols College in Dudley.

FDA warns Hologic over device's vaginal rejuvenation claims

Zachary Comeau |

Marlborough medical device company Hologic is suspending the marketing and distribution of a vaginal heating device after the company receiving a warning from the U.S. Food and Drug Administration.

Biostage to withdraw SEC registration

Holliston biotech Biostage is seeking to withdraw a registration statement with the SEC filed nearly one year ago after no securities had been issued or sold under the statement.

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