Wednesday, May 5, 2010

Daily Business Update from the Boston Globe

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Wednesday, May 5, 2010

MIT Museum gets donation from Polaroid archives
The MIT Museum said today PLR IP Holdings LLC, the owner of the Polaroid brand, has donated a collection of classic Polaroid products and prototype designs from its 73-year archive.

Youkilis teams up with Herb Chambers
Kevin Youkilis of the Red Sox has a new job: When not slugging for the home town team, he'll be moonlighting as a pitchman for Herb Chambers Cos., a network of 46 automotive dealerships in Massachusetts and Rhode Island.

MIT joins effort to fight neglected tropical diseases
The Massachusetts Institute of Technology is the first academic institution to contribute intellectual property to the Pool for Open Innovation against Neglected Tropical Diseases.

Study of red wine-like drug put on hold
Drug maker GlaxoSmithKline Plc has suspended enrollment in a study of a drug designed to mimic the benefits of red wine after kidney damage developed in some patients with multiple myeloma, Bloomberg News is reporting.

Who, What, Where
A sample of recent personnel announcements by local firms.

Sanofi-aventis joins Mass. life sciences initiative
Sanofi-aventis, a global pharmaceutical company, has agreed to contribute $500,000 over a two-year period to a Massachusetts initiative that makes loans available to early-stage life sciences companies engaged in promising science and research.

Hub entrepreneur gives $100k scholarships
Tom Sullivan, the Boston businessman who launched Lumber Liquidators, has awarded $100,000 scholarships to 10 high school students who look to study cience or technology in college.

Sugarman Law Firm taps Strategis
Strategis said it has been named the ad agency of record by Sugarman Law Firm, Boston.

ARIAD will receive $50m upfront payment
ARIAD Pharmaceuticals Inc. said it will receive an upfront cash payment of $50 million and an additional $19 million for expenses as part of a plan to restructure a 2007 collaboration with a unit of Merck & Co. Inc., the pharmaceutical giant.

Today in Globe Business
A sample of Business stories from the print edition of today's Boston Globe.

Tuesday, May 4, 2010

Nohria named dean of Harvard Business School
Nitin Nohria, the Richard P. Chapman Professor of Business Administration at Harvard Business Schools, will become the School?s 10th dean, Harvard president Drew Faust announced today.

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