Flagship-backed RNA startup company raises $109M
Nearly two years after launching, a big RNA play from venture firm Flagship Pioneering has announced a nine-figure raise. Alltrna, the startup behind still-experimental drugs that use transfer RNA or “tRNA,” raised $109 million in a Series B round. But the company isn't naming any investors, aside from Flagship, alluding only to “a number of top-tier investors” who'd participated in the financing. Alltrna has hit a handful of milestones since it launched in November 2021. The company has grown from 30 employees to 65, hired a permanent CEO in former Novartis AG (NYSE: NVS) Oncology solid tumors franchise head Michelle Werner, and narrowed its focus — somewhat.
Medifast plans to expand into sports nutrition as revenue declines
Medifast hopes that a new line of protein powder and athletic supplements can expand the company's customer base.
UC Health shakes up leadership at West Chester Hospital, brings back Jennifer Jackson as chief nursing officer
UC Health has named a new top executive at West Chester Hospital as the health system rolls out a new leadership model systemwide.
Wells Fargo economists still see a recession ahead. Here’s why.
Even as hopes rise for an economic soft landing following the Fed’s aggressive rate hikes, Wells Fargo & Co. economists are sticking with their call for a mild recession in early 2024.
Atlanta-based Ackerman & Co. to build logistics park on 32 acres in Selma
The firm is currently developing a new Corporate Drive Industrial Complex on 32 acres in Selma.
St. Pete developer sees potential in ‘dinosaur’ strip plazas
When Robert Blackmon took a chance on an aging strip center, his colleagues in commercial real estate told him it was a bad bet. But the former St. Pete City Council member has successfully renovated it — and sees potential in this type of property to solve some of the city's most pressing issues, like food deserts.
Goldsboro YMCA wants $2M for land primed for new homes
The large property hits the market as developer interest in the Eastern NC community grows.
Greater Baltimore’s hottest housing markets: Suburban prices skyrocket in wake of urban exodus
Just one Baltimore City ZIP code made the list as less populated areas saw home values boom.
Five things you need to know today, and my annual rant, earlier than ever
Good morning, Boston. Happy 95th birthday, Bob Cousy, and happy National Book Lovers Day. Here are the five things you need to know in Boston business news to start your Wednesday.
Boston-based cybersecurity company Rapid7 announced a restructuring that will eliminate 18% of its workforce, or nearly 500 people, Samuele Petruccelli reports.
Greg Ryan reports that Toast will move its headquarters to Boston's Fort Point neighborhood, in an office building now occupied by fellow technology firm…
Giancarlo’s Sicilian Steakhouse & Pizzeria to create four-season dining area
The project, which will add 16 seats, is modeled after the dining area at Restoration Hardware in Manhattan’s Meatpacking District.