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Fri. Dec. 14, 2012 BioChemics in Danvers, CEO sued by SEC Federal securities regulators on Friday filed civil fraud charges against BioChemics Inc. of Danvers and its chief executive, alleging that they lied to investors in a scheme to raise $9 million.	Advertisement
Partners HealthCare earnings rose more than 33 percent in 2012 fiscal year
FDA grants approval for potential `blockbuster’ leukemia drug made by Cambridge-based Ariad Federal regulators have approved a drug developed by Ariad Pharmaceuticals Inc. to treat chronic myeloid leukemia. The drug, known by its chemical name of ponatinib during years of research and clinical trials, will be marketed under the brand name Iclusig, the Cambridge biotechnology company said. Friday’s approval for sale of Iclusig in the US came three and a half months before the March 27 date by which the Food and Drug Administration had promised to make a decision
Cambridge courthouse gets new developer Legatt McCall Properties will buy the former Middlesex Courthouse in East Cambridge and turn it into an office and retail building, state officials announced Friday.
President to leave Gatehouse Media Rick Daniels, local president of the newspaper company that publishes the Patriot Ledger in Quincy, Enterprise in Brockton, and Metrowest Daily News in Framinhgam, plans to resign at the end of the year.
LPL Financial hires Victor Fetter as its new chief information officer LPL Financial, the Boston-based broker-dealer firm, said it has hired a Dell Inc. executive to be its new chief information officer. LPL named Victor Fetter to the post, as well as director of the company’s Business Technology Services business unit, starting next week. Fetter, 44, was previously vice president and chief information officer of Dell online. Before that, he was global information chief for Mercer Human Resources Consulting.
Synta Pharma expects to sell $60m in stock LEXINGTON — Synta Pharmaceuticals Corp. said Thursday that it expects to sell 7 million shares of its stock for about $60 million. The company priced the offering at $8.60 per share, a penny below its closing price on Wednesday. Synta expects $60 million in proceeds before expenses and discounts. It said the sale will close Tuesday. Synta said it will use the proceeds of the sale to fund research and development, clinical trials, manufacturing, and other general corporate purposes.
Harvard Management Co. adds to its investment team Harvard Management Co., which manages the roughly $30 billion endowment of Harvard University, said that it has added four managers to its public markets team. New team members include Sanjiv Bhatia, who joined the company as managing director and emerging markets equity portfolio manager. Previously, he was an executive with Isometric Capital Management, a Hong Kong-based hedge fund. The other new members are Al-Wadhah Al-Adawi, Amit Tiwari, and Srdjan (Serge) Tanjga.
AAA Southern New England: Holiday travel is projected to rise by 1.6 percent AAA Southern New England said Thursday that it is projecting that 93.3 million Americans will journey 50 miles or more from home during the holidays, an increase of 1.6 percent from last year. If that projection holds up, the increase would bring holiday travel figures to within a half million of the decade high mark seen during the 2006/2007 Christmas-New Year’s season. The New England region is expected to see a 1.4 percent increase in holiday travel from last year,
JetBlue plans Boston-Philadelphia flights starting in the spring JetBlue Airways announced Thursday the launch of nonstop service between Boston’s Logan International Airport and Philadelphia International Airport. Five daily flights will begin on May 23, said JetBlue, Logan’s largest carrier. Earlier this year, Southwest Airlines discontinued its service between Boston and Philadelphia.
TripAdvisor: Don’t put ‘I Saw Mommy Kissing Santa Claus’ on your holiday jukebox A new survey from TripAdvisor projects that more Americans will be traveling over the holidays this year. The survey also examined which Christmas carols have the most soothing --- and the most distrubing --- effects on holiday travelers. For Bostonians, enduring a recording of a low-rent crooner warbling “I Saw Mommy Kissing Santa Claus” is nearly as annoying as a long line at the airport or being served up an off-brand fruit cake. Want to put a Boston traveler in a good mood? Just crank up the volume on “White Christmas.”
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