Wegmans Food Markets is close to a deal to open its first Boston store in the Fenway neighborhood, in what could be the beginning of a battle with Whole Foods for supermarket supremacy in the city. Third Rock Ventures, a Boston venture capital firm targeting innovative life science start-ups, said today that it has raised more than $500 million for a new investment fund. A panel that advises European regulators has issued a positive opinion on a multiple sclerosis drug candidate from Biogen Idec Inc. A panel that advises European regulators has issued a positive opinion on a drug from Ariad Pharmaceuticals Inc. that has been designed to treat certain forms of leukemia, Cambridge-based Ariad said Friday in a press release. Watertown's athenahealth Inc., a company that provides electronic health record services to doctors and other medical professionals, said it has partnered with a Colorado company that has designed a mobile app that helps consumers resolve medical problems. TripAdvisor Inc. said Friday that it has acquired Tiny Post, an app that that allows users to write over photos and turn them into stories. Terms of the deal were not disclosed. Tiny Post’s operations will be based at TripAdvisor’s Palo Alto, Calif., office. Newton-based TripAdvisor, which allows users to post reviews of airlines, hotels, and vacation resorts on its websites, said Tiny Post’s app is a great fit and shows the possibilities of combining travel photos with social media and mobile devices. Avid Technology Inc., a Burlington company that recently postponed its earnings announcement to evaluate its accounting practices, said that as expected, it has been notified by Nasdaq that it is no longer in compliance with the stock exchange’s listing requirements. In a Feb. 25 | | |
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