Thursday, March 10, 2011

Daily Business Update from the Boston Globe

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Thursday, March 10, 2011

Sting nabs unlicensed electricians in Mass.
Massachusetts regulators say they have caught 20 unlicensed electricians who were advertising their services on Craigslist.

Vertex epilepsy drug meets key midstage study goal
CAMBRIDGE -- Vertex Pharmaceuticals Inc. said today that its developing epilepsy treatment met key safety and tolerability goals in a midstage study.

Scvngr pilot takes aim at Groupon
Scvngr Inc. said it has debuted a pilot program called LevelUp that seeks to compete with Groupon Inc. and other firms that offer coupons on merchandise and restaurant meals.

Investor calls for strategic review of Iron Mountain
An investment firm that owns nearly 5 percent of Iron Mountain Inc.'s common stock said it has submitted a slate of four independent directors to join Iron Mountain's board.

Starbucks, Green Mountain in single-cup deal
Starbucks Corp. and Green Mountain Coffee Roasters Inc. have reached a deal that will bring single-cup Starbucks coffee and Tazo tea pods to Keurig users.

Local firm counts Bill Gates among its investors
Nimbus Discovery, a small Cambridge firm, said that Bill Gates of Microsoft fame was among the investors of a seed round of financing.

Epizyme, Eisai unveil partnership
Cambridge-based Epizyme Inc. announced today a worldwide partnership with Japanese health-care company Eisai Co. Ltd. to discover, develop and commercialize treatments for lymphoma and other cancers.

Idera reports loss, seeks additional funding
Idera Pharmaceuticals Inc. reported a fourth-quarter loss of $6 million, or $0.22 per diluted share, as revenues shrank from $10.2 million to $1.1 million.

HubSpot raises $32m in Series D round
HubSpot Inc., a Cambridge company that offers a marketing software platform for small and medium sized businesses, said it has raised $32 million in a Series D round of financing.

Wednesday, March 9, 2011

Tufts Health to consider stopping board payments
Tufts Health Plan today said its board of directors will meet within two weeks to discuss whether to bow to the state attorney general and stop accepting five-figure annual payments, with its highest profile member saying he won't take any money until the issue of board of director compensation is settled.

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