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These drugs brought in combined sales of $554.2 million in 2015, accounting for 5.1 percent of Biogen's revenue for that year. Biogen's executive vice president, pharmaceutical operations and technology, John Cox, will be the chief executive officer of the new company, Biogen said. The spin-off is expected to be completed by end of 2016 or early 2017, with the...
NEW YORK— Biotechnology company Biogen says it plans to spin off its hemophilia business into a separate, publicly traded company. Biogen, which is based in Cambridge, Massachusetts, said Tuesday that the new company will concentrate on the discovery and development of therapies for the treatment of hemophilia, with existing marketed products to include...
BOSTON _ Carbonite Inc. on Tuesday reported a loss of $4.7 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. Four analysts surveyed by Zacks expected $41.4 million.
BOSTON _ Cabot Corp. on Monday reported fiscal second-quarter profit of $48 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
BOSTON _ Paratek Pharmaceuticals Inc. on Monday reported a loss of $31.3 million in its first quarter. The Boston- based company said it had a loss of $1.78 per share. Keywords: Paratek Pharmaceuticals, Earnings Report.
May 2- Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds that include the $100 billion- plus Contrafund, Boston- based Fidelity has become one of the largest investors in companies before they go public.
BOSTON— An Uber driver accused of making strong sexual advances toward a reporter last month is "no longer active" on the popular ride-hailing car service, Uber said Friday. "The driver is not an active driver-partner on the Uber platform," spokeswoman Carlie Waibel said in a statement. Pohle said Uber officials assured her she wouldn't be paired with the driver for...
The complaint targets some of T. Rowe Price's most popular funds, including its $31 billion Blue Chip Growth Fund, according to documents filed in U.S. District Court in Oakland, California. The company, for example, is accused of charging up to 69 percent more in management fees on its Blue Chip Growth Fund than what it charges as a subadviser on similar funds for...
BOSTON _ American Tower Corp. on Friday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Boston, said it had funds from operations of $602.5 million, or $1.41 per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.30 per share.
BOSTON _ Brightcove Inc. on Thursday reported a loss of $1.6 million in its first quarter. For the current quarter ending in July, Brightcove said it expects revenue in the range of $35.8 million to $36.3 million. Brightcove shares have risen 5.5 percent since the beginning of the year.
BOSTON _ LPL Financial Holdings Inc. on Thursday reported first-quarter earnings of $50.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. LPL Financial shares have decreased 39 percent since the beginning of the year.
BOSTON— Two major resort casinos won't duke it out in Massachusetts' southeastern corner after all. Mass Gaming& Entertainment lost its bid to build a resort in Brockton on Thursday after the state Gaming Commission voted 4-1 to deny it a gambling license. Joe Baerlein, a spokesman for Mass Gaming& Entertainment, said the company was disappointed but thanked the...
BOSTON _ LogMein Inc. on Thursday reported a first-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier. Six analysts surveyed by Zacks expected $77.7 million. For the current quarter ending in July, LogMein expects its per-share earnings to range from 45 cents to 46 cents.
Southwest Airlines generally keeps to its schedule but American Airlines, Delta Air Lines and United Airlines make many changes during that time. Let's say a family is flying from Orlando home to Boston. But that flight is $60 more per person than the 9 a.m. flight.
April 28- JetBlue Airways Corp said Thursday that it will start six round-trip flights per weekday between New York's space-constrained LaGuardia airport and Boston, in a bid to capture business travelers on the heavily trafficked route.
BOSTON _ Keryx Biopharmaceuticals Inc. on Thursday reported a loss of $41 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 22 cents per share. Four analysts surveyed by Zacks expected $7 million.
Gross domestic product, the broadest measure of economic health, expanded at a paltry annual rate of 0.5 percent in the January-March quarter, the Commerce Department reported Thursday. The poor start to the year did not escape notice among Republicans hoping capture the White House in November. "Today's report showing the weakest period of economic growth in...
BOSTON _ CRA International Inc. on Thursday reported first-quarter earnings of $2.4 million. On a per-share basis, the Boston- based company said it had net income of 27 cents. Keywords: CRA International, Earnings Report.
The real estate investment trust, based in Boston, said it had funds from operations of $108.4 million, or 51 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 48 cents per share. Three analysts surveyed by Zacks expected $762.6 million.
BOSTON— The Massachusetts Senate voted overwhelmingly Thursday to raise the minimum age for purchasing cigarettes and other tobacco products across the state, which could make it the second to raise its threshold to 21 years old. Hawaii became the first U.S. state last year to raise the tobacco purchase age to 21, and other states are considering the change.