Cambridge Industry
New Cancer Hospital for Dana Farber Leaves Healthcare Experts Skeptical
When the Dana Farber Cancer Institute announced that it was opening a new, $1.7 billion, 300-bed inpatient cancer hospital in 2028 along with Beth Israel Deaconess Hospital, the announcement seemed to promise good news for the region. But healthcare experts aren’t so sure.
FDA Layoffs, Funding Cuts Cast Shadow Over Biopharma Industry
Amid a raft of federal changes cutting funding and capacities at the Food and Drug Administration, investors are soon expected to pull back from the biotech industry, representing a blow to a primary engine of the Boston area’s economic growth.
Nvidia to Open Quantum Computing Research Center in Boston This Year in a Landmark for Region’s Tech Sector
Technology giant Nvidia announced last Thursday that it will open a quantum computing research center in Boston by the end of 2025, where it will host research in partnership with labs at Harvard, MIT, and tech firms in the area.
Biogen to Move Global Headquarters to Kendall Commons in 2028
Cambridge-based biotechnology company Biogen Inc. announced Monday that it will move its global headquarters to a new building in Kendall Square in 2028, consolidating its various branches and operations into a single “innovation hub” while drawing the company still closer to nearby MIT.
Massport Votes To Raise Fees on Ubers, Lyfts to Logan Airport — But Limits Planned Fee Hikes
After Uber and Lyft criticized the Massachusetts Port Authority’s proposed fees on rides to Boston Logan International Airport, the board approved a rate hike from $3.25 to $5.50 per trip for ride-hailing providers.
Biotech Giant Roche Launches Innovation Center on Harvard’s Allston Research Campus
F. Hoffmann-La Roche, one of the world’s largest biotechnology companies, announced on Thursday that it will establish an Innovation Center on Harvard’s Enterprise Research Campus in Allston. The Swiss multinational company is leasing 30,000 square feet of space from the ERC’s 1.9 million square feet,and plans to eventually employ up to 500 employees.
DPU Cuts MassSave Funding by $500 Million, Approves Gas Bill Reductions
The Department of Public Utilities ordered a reduction of the total three-year budget for the MassSave energy efficiency program by $500 million on Friday to reduce gas bills.
Draper Labs Sets Sights on a Far-Side Moon Landing Next Year
Cambridge-based Draper Labs is set to launch their NASA-funded CP-12 mission in 2026, racing Texas-based Firefly Aerospace to complete the United States’ first landing on the far side of the moon.
Cambridge Redevelopment Authority Confirms Spring 2026 Completion for Neighborhood Storefronts Project
The Cambridge Redevelopment Authority affirmed that the inaugural Neighborhood Storefronts Project will be completed next spring in their annual board meeting on Wednesday.
Eversource and National Grid Propose Cutting Gas Delivery Rates by 10%
Eversource and National Grid, Massachusetts’ largest energy companies, proposed 10 percent cuts to gas bill delivery rates on Monday, after the Department of Public Utilities ordered gas companies to lower total gas bills by at least 5 percent last week.
Biopharma Giant GSK to Expand Research and Development Footprint in Cambridge
International biotechnology company GlaxoSmithKline is moving its vaccine and infectious disease research teams to Cambridge, in a latest step to strengthen its presence in the Greater Boston area.
As Lab Property Grows Out of Reach for Kendall Square Startups, Many Shift To Leasing Coworking Spaces
The Crimson spoke to a range of commercial realtors, startup founders, and a commercial lab space owner to understand how the immense draw of Kendall Square has forced the myriad startup companies that define its ecosystem to adapt to more challenging economic conditions as they fight for a prized place in “the most innovative square mile on the planet.”
Cambridge Biopharma Firm Sage Therapeutics Sues Partner Biogen After Buyout Offer
Cambridge-based biopharmaceutical company Sage Therapeutics filed a lawsuit against their partner, the biotechnology company Biogen, after rejecting their $469 million buy-out proposal late last month.
Eversource Breaks Ground on Largest Underground Electrical Substation in U.S.
Eversource, a New England based energy provider, broke ground in Kendall Square on Tuesday on what will be the largest underground electrical substation in the United States.
BioMed Realty Acquires Three New Buildings in Kendall Square
BioMed Realty, one of the biggest labspace owners in the Boston area, recently acquired 215 First St., 150 Second St. and 11 Hurley St. from competing lab giant Alexandria Real Estate Equities.