Vedere Bio, a stealth-stage company focused on advancing optogenetic therapies that are delivered to the retina to restore functional vision, has been acquired by Novartis. Shareholders in Vedere Bio received $150 million upfront and will be eligible for up to $130 million in milestone payments, for a total of $280 million. Vedere Bio was formed […]

Sartorius is expanding its presence in Massachusetts with a 40,000-square-foot North American Customer Interaction Center in Marlborough that will open in early 2021. The Customer Interaction Center initiative will enable Sartorius to scale up its operations and capabilities in the Boston biotech hub. The new site in Marlborough also will provide the capacity to support […]

Boston Properties has announced a 138,000 square-foot, 10-year lease with Lexington-based Translate Bio, a clinical-stage messenger RNA (mRNA) therapeutics company, at 200 West Street in Waltham. Boston Properties is currently redeveloping 200 West Street into lab space with expected completion in 2021. Translate Bio is a clinical-stage mRNA therapeutics company developing a new class of potentially transformative medicines to treat diseases […]

The FDA has granted Emergency Use Authorization (EUA) for Eli Lilly’s investigational drug bamlanivimab, a recombinant, neutralizing human IgG1 monoclonal antibody (mAb) directed against the spike protein of SARS-CoV-2. Bamlanivimab is designed to block viral attachment and entry into human cells, thus neutralizing the virus, potentially treating COVID-19. Bamlanivimab emerged from the collaboration between Lilly and AbCellera to create […]