Wednesday, April 3, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Wed. Apr. 03, 2013
 
Beth Israel Deaconess and Lahey Clinic tell employees they’re in preliminary talks about a potential alliance
The presidents of Beth Israel Deaconess Medical Center and Lahey Clinic told employees and affiliates Wednesday they are in preliminary talks with each other and three doctors groups about an alliance that could rival Partners HealthCare in scale and reach. In a letter to vice presidents, physicians, and managers that was obtained by the Globe, new Beth Israel Deaconess president Kevin Tabb said the hospital is “exploring new possibilities to benefit our patients and the communities we serve.” Lahey chief executive Howard Grant told colleagues, “Our organizations share the same vision of providing outstanding care in the right place at the right time.” Besides Beth Israel and Lahey, the parties involved include the Harvard Medical Faculty Physicians at BIDMC group, the Lahey Clinic Physicians Group, and Atrius Health.
Pfizer inks deal with BIND Therapeutics, a Cambridge nanotechnology drugmaker
BIND Therapeutics said Wednesday that Pfizer Inc. has agreed to pay it $160 million per drug as part of a collaboration to develop targeted medicines using nanotechnology which use particles measured in billionths of a meter. BIND is developing an experimental group of targeted, programmable medicines called Accurins to treat cancer, heart disease, and inflammatory disorders. The privately held company’s technology comes from two laboratories that specialize in nanotechnology at Harvard Medical School and the Massachusetts Institute of Technology. Pfizer will make initial payments of roughly $50 million, plus $160 million in regulatory and milestone payments for each targeted drug, according to an announcement from BIND. Both companies will work on early-stage research for the drugs.
AG Coakley sues Sullivan & Cogliano, a for-profit Brockton school, for alleged deceptive ads
The Massachusetts Attorney General Martha Coakley is suing Sullivan & Cogliano Training Centers Inc. over allegations that the Brockton-based for-profit school has misled students with deceptive ads that suggest that school graduates had great success in landing jobs. An attempt to reach Sullivan & Cogliano was not immediately successful. “We allege Sullivan & Cogliano deceived students by promising careers in the medical field with misleading ads and inflated placement rates,” Coakley said. “We are conducting an extensive investigation into the for-profit school industry. For-profit schools are extremely expensive and heavily funded through federal student loans, so all taxpayers have a stake in this. If students do not receive these promised jobs and wind up in default, the students and taxpayers suffer the consequence.”
Honey Dew Donuts: ‘Let’s dew lunch’
Honey Dew Donuts, a Plainville-based chain with about 150 locations, is unveiling the Willow Tree Chicken Salad sandwich as it looks to alert the public that it now offers a lunch option along with such traditional breakfast fare as coffee and donuts. According to the chain, this is its “very first official lunch sandwich.” And it may be a sandwich with some culinary credibility. The sandwich’s main ingredient comes from Willow Tree Poultry Farm in Attleboro The farm is known for its chicken salad, which has been sold in select grocery stores and the Willow Tree Farm retail shop for many years. After beta-testing the chicken salad sandwich at about a dozen stores, Honey Dew has decided to roll it out chain-wide.
Checkers burger chain coming to Boston
Checkers, a fast food chain with retro styling that serves burgers, fries, and ice cream, plans to enter the Boston market by 2014. The company, which has 783 stores across the country, has only one in New England in Bristol, Conn. Checkers plans to open up to five stores in Massachusetts over the next 12 months.
JetBlue flights are coming to Worcester
JetBlue Airways plans to start flying out of Worcester Regional Airport in November, launching the first regularly scheduled passenger service at the beleaguered airport since Direct Air shut down a year ago. JetBlue will offer two daily flights from Worcester to Florida, one to Orlando and one to Ft. Lauderdale, starting Nov. 7 on 100-seat Embraer 190 aircraft. JetBlue chief executive Dave Barger was at Worcester Airport Wednesday morning for the announcement, along with Governor Deval Patrick and Lieutenant Governor Timothy Murray, who is a former mayor of Worcester. City, state, and Massachusetts Port Authority officials have been wooing the airline for the past year, and delegates from the Worcester business and civic community have turned out to greet visiting JetBlue executives.
Pedro Martinez pitches perfect game promotion for Jordan’s Furniture
Jordan’s Furniture said Wednesday that it is enlisting new pitchman Pedro Martinez to promote its new “Perfect Game Promotion.” Jordan’s Furniture president and CEO Eliot Tatelman explained the promotion in a statement: “Buy anything ... ANYTHING … at Jordan’s Furniture starting today and it could all be FREE if the Red Sox pitch a perfect game between July 19, 2013 and September 29, 2013. There is no limit to the amount of furniture and the selection of furniture.” Tatelman added: “There were three perfect games pitched last year, and it could be the Red Sox turn this year! We bought insurance. That way, we’re rooting for the Red Sox to pitch that perfect game, too, so that all our customers win free furniture.”
 
 

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