Monday, April 22, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Mon. Apr. 22, 2013
 
Massachusetts Life Sciences Center will be part of international collaboration
CHICAGO -- Massachusetts officials were scheduled to hold a moment of silence at 2:50 p.m. Monday at the state pavilion at the BIO convention here to honor the victims of last week’s Boston Marathon bombings. Massachusetts officials also said they will join with four foreign life sciences regions to launch an international collaborative that seeks to advance R&D into new drugs, medical devices, and diagnostics. The quasi-public Massachusetts Life Sciences Center, which is leading the state delegation at the annual Biotechnology Industry Organization convention here, is teaming up with Victoria, Australia; the Wallonia region of Belgium; the Quebec province in Canada; and the Alsace region in France to form the International Collaborative Industry Program. Companies from these regions are being encouraged to form partnerships with Massachusetts companies.
Digital billboards will honor marathon victims, Clear Channel Outdoor says
Clear Channel Outdoor, an outdoor advertising agency, said it will participate in Monday’s moment of silence by paying tribute to the victims of the Boston Marathon bombings and subsequent manhunt on two digital billboards north of Boston. Governor Deval Patrick has asked Massachusetts residents to observe a moment of silence Monday at 2:50 p.m., the time the first of two bombs exploded last week near the finish line of the Boston Marathon. During that moment of silence, Clear Channel Outdoor plans to run an image of Boston’s skyline. On that image will be superimposed a name of one of four people killed last week. Each victim will be separately honored. One billboard is along I-93 in Stoneham, the other is along Route 495 in Lawrence.
New Balance donates $1m to One Fund Boston to support marathon victims, first responders
New Balance Athletic Shoe Inc. announced Monday a $1 million donation to One Fund Boston, the fund established by Mayor Thomas M. Menino and Governor Deval Patrick to support those directly impacted by the Boston Marathon bombings as well as to first responders and to its home town of Boston.
Mass. gas prices fall another 3 cents a gallon, AAA Southern New England says
The average price for gas in Massachusetts is $3.449 a gallon in the latest weekly AAA survey, down 3 cents from the previous week’s average, AAA Southern New England said Monday.
Hasbro says Monopoly contest helps lift sales
Hasbro reported first-quarter results Monday that beat Wall Street expectations as the toy maker benefited from an online contest that let people vote to eliminate one of its Monopoly tokens and introduce a new one. The Pawtucket, R.I., maker of Transformers, My Little Pony, and G.I. Joe, said revenue rose in the period for three of its four categories: games, girls, and preschool. Its boys category continued to face troubles, with sales down 20 percent. Hasbro said growth in its girls category for the period was driven by Furby, My Little Pony, and One Direction. Play-Doh helped boost its preschool category and action games such as Angry Birds Star Wars helped fuel growth in the games category. The company also noted that the Monopoly contest was ‘‘tremendously successful.’’
Rockland Trust is the bank sponsor of Independent Film Festival Boston
Rockland Trust, a commercial bank with $5.8 billion in assets, said it will be the official bank sponsor for the 11th annual Independent Film Festival Boston.
AstraZeneca collaboration with Bind Therapeutics will focus on cancer nanomedicine
AstraZeneca PLC, the Anglo-Swedish drug maker that recently licensed technology from Moderna Therapeutics Inc. of Cambridge, has now entered an agreement to collaborate on a cancer nanomedicine with another Cambridge company --- Bind Therapeutics.
 
 

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