Andover maker of 'heart in a box' secures $51M in new funding Nearly a year after landing $20 million to progress development of its “heart in a box" technology, Andover-based TransMedics has received another $51.2 million in investor funding.
The financing was co-led by global life science investors Fayerweather Fund, Pharmstandard International S.A. — represented by InBioVentures, Ervington Investments and BioStar Ventures, with additional participation from Abrams Capital, Lung Biotechnology PBC, Flagship Ventures and KPCB.
According to regulatory…
Mon, 30 May 2016 23:22:56 +0000 Fewer Americans switching jobs, but in N.C. the decline isn't as sharp Labor market fluidity – the movement from job-to-job by a labor force – has declined in the United States in the past three decades, something that economists say holds down wages and productivity, and can make it harder for unemployed workers to find jobs.
North Carolina, however, has seen the smallest decline of any state in the nation, according to a recent report published by the Brookings Institution. Before economic development officials pat themselves on the backs too hard, however, a…
Mon, 30 May 2016 20:22:03 +0000 Concordance Academy add Nunn, Smith to leadership team Danny Ludeman ’s Concordance Academy of Leadership, which provides job skills and education to prisoners before and after they are released, has added two senior executives: Roderick Nunn as executive vice president and head of education and employment, and Michelle Smith as executive vice president and head of finance and administration.
Concordance Academy of Leadership Adds Nunn, Smith to Growing Executive Team
Newcomers to focus on workforce opportunities, organization administration
Mon, 30 May 2016 19:46:55 +0000 Raising Cane's plans Manchester restaurant Raising Cane’s restaurant is seeking zoning variances to build a location at the southwest corner of Big Bend and Manchester roads, reports 40 South News. The site is the former Shaeffer Shell gas station, which has been closed since March.
The restaurant is waiting for final approval from the Maplewood City Council. A public hearing on the variances is set for June 8 at 7 p.m.
McDonald's had planned a location at the site but its proposal was met with opposition in the community.
Mon, 30 May 2016 19:34:21 +0000 Road mapping your company to maximum value: A five step process for success Currently there are close to 6 million small- to medium-sized companies in the U.S. and 70 percent of them are expected to change ownership by the year 2025. Given the existing demographic and venture capital trends, there will be many more sellers than buyers in the next 15 years. This market disparity between buyers and sellers means that only the best companies will be able to attract buyers’ dollars and the rest will simply cease to exist.
So, how can you make sure that your company is properly…
Mon, 30 May 2016 19:15:03 +0000 A virtual tour of SAP Center as the San Jose Sharks prepare for the Stanley Cup Final After 25 years as an NHL franchise and 23 years in San Jose, the Sharks are preparing Monday to make their first-ever appearance in the Stanley Cup Final.
The first two games will be played on the road in Pittsburgh, then the action comes home to SAP Center on Saturday for game three and next Monday for game four.
We took our Theta 360 camera over to the Shark Tank to capture the changes fans can expect to see when the San Jose becomes ground zero. Some seats are being removed to make way for press…
Mon, 30 May 2016 18:19:42 +0000 Energy Transfer looking for permission to kill deal with Williams Dallas-based Energy Transfer Equity LP (NYSE: ETE) is seeking to kill its $37.7 billion acquisition of Tulsa, Oklahoma-based The Williams Companies Inc. (NYSE: WMB), according to a statement.
Energy Transfer filed its affirmative defenses and counterclaim under seal in the Delaware Court of Chancery earlier this month in response to a lawsuit Williams filed against the company.
Energy Transfer alleges that Williams broke the pact by failing to make "reasonable best efforts" to complete the merger,…
Mon, 30 May 2016 17:55:30 +0000 Eagle Ford rig count falls to new low despite rising crude oil prices Crude oil prices have been steadily climbing over the past six weeks, but new drilling activity has fallen to a new low in the vast oil-producing region just south of San Antonio.
New figures from the Baker Hughes Rig Count released May 27 show that the Eagle Ford Shale only has 29 active rigs, compared to 110 during the same time period last year and 213 active rigs during the same week in 2014.
West Texas Intermediate crude oil prices hit a low of $26.21 in February but have been steadily climbing…
Mon, 30 May 2016 17:07:26 +0000
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