Monday, January 28, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Mon. Jan. 28, 2013
 
Ocular Therapeutix: $23.8m in new funding will help advance eye therapies
Ocular Therapeutix Inc., a Bedford company looking to use is proprietary hydrogel technology to commercialize treatments for eye ailments, said Monday that it recently closed a Series D extension round of financing totaling $23.8 million. All existing institutional investors, including Polaris Ventures, Versant Ventures, SV Life Sciences, Sparta LLC, and Ascension Health Ventures participated in the round. One product the company is working on is is called ReSure Sealant, which would be used to seal clear corneal incisions following lens implantation surgery.
Deadline looms in The Globe’s search for the most innovative people in Massachusetts
Time is running out. The Boston Globe is seeking the most innovative people in Massachusetts -- individuals who did the most in the past year to transform a business or their community. Their achievements could range from introducing a new product that changed the way people work or play, to launching a new effort that became a runaway success.
Medical marijuana trade group set to debut in Massachusetts
A trade group for the state’s medical marijuana business is being started this week by industry consultants, lawyers, public relations officials, patients, and business leaders.
Japan Airlines cancels several more trips between Boston and Tokyo
Japan Airlines has canceled several more trips between Boston and Tokyo to compensate for the grounded Boeing 787 Dreamliner. The carrier axed service on Feb 9-10 and Feb. 15-16, in addition to previously announced cancellations on Jan. 30 and Feb. 2-3. The worldwide fleet of 787s was grounded by aviation authorities earlier this month after several battery fires, including one at Logan International Airport. As a result, fewer JAL airplanes are available for service.
Massachusetts gas prices are up 4 cents a gallon, AAA Southern New England says
The average price for gas in Massachusetts is $3.459 a gallon in the latest AAA weekly survey, up 4 cents from the previous week’s average, AAA Southern New England said Monday. Local prices locally are up 4 cents over the past month, AAA Southern New England added. The current national average for gas prices is $3.34 a gallon, according to AAA. A year ago at this time, the Massachusetts average price was $3.47.
Augmenix tissue-marking product for surgeries gets FDA clearance
Augmenix Inc., a Waltham company focused on the development and commercialization of radiation oncology products using its proprietary hydrogel technology, said Monday that it has received clearance from the US Food and Drug Administration to market an absorbable tissue marker visible that helps medical personnel to plan surgical procedures. The product is called TraceIT Tissue Marker, and it is designed to “radiographically mark soft tissue during a surgical procedure or for future surgical procedures.”
Global Partners to acquire Oregon crude oil and ethanol facility
Global Partners LP, a Waltham company that owns, controls, or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast, said Monday that it has agreed to a $95 million deal that will add an Oregon crude oil and ethanol facility to its network. The transaction includes a rail transloading facility serviced by the BNSF Railway, 200,000 barrels of storage capacity, a deepwater marine terminal, a 1,200-foot dock, and the largest ethanol plant on the West Coast
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