Latest News July 11, 2009

CEO Phillips out at Marathon Technologies

Marathon Technologies Inc. has replaced CEO Gary Phillips, the company reports, and CFO Dan Sullivan is serving as interim CEO while the company recruits a replacement.

Covidien unit recalls red blood cell diagnostic agent

A subsidiary of Mansfield-based medical device and pharmaceuticals maker Covidien plc has pulled from the market one lot of a radiopharmaceutical diagnostic agent after finding it to be less than effective. St. Louis-based Mallinckrodt Inc. has voluntarily recalled a single lot of Sodium Chromate Cr-51 Injection, a tool to diagnose red blood cell volume, mass and survival time.

Vertex looks to sell rights to $250M in milestone payments

Vertex Pharmaceuticals Inc. says it plans to sell the rights to certain milestone payments that are linked to the future regulatory filing, approval and market launch of its hepatitis C virus drug candidate, telaprevir, in Europe -- a deal that could have brought as much as $250 million to the Cambridge company.

MIT research finds tissue match for surgical glues

MIT researchers have discovered the key to developing a surgical glue that can be tailored to the specific tissues, in order to cut down on surgical complications, heal wounds and lower health care costs. Effective surgical glue also allows doctors to avoid use of sutures or staples.

UMass wins Sloan funds for life sciences degrees

The University of Massachusetts reports it has landed $124,000 from the Alfred P. Sloan Foundation for advanced life sciences degrees. The grant is intended to be used to develop or adapt up to 10 life sciences Professional Science Masters (PSM) degree programs at the UMass system’s five colleges.

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The PITCH

Innovative Audio LLC

Headquarters: North Grosvenor Dale, Conn.
Employees: 7
Founded: 2008

The Pitch: Innovative Audio is looking for funding to produce a prototype and get a product to market, including team development, asset acquisition, inventory procurement, marketing and advertising.

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Turbulent times cause turnover among venture capital firms

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From the July 10, 2009 Print Edition

Since the beginning of 2007, more than 30 investors have left seemingly lucrative spots at New England venture capital firms, a trend that appears to be picking up, a review of Mass High Tech’s venture industry database has found.

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From the Print Edition

Signature Programs

Women to Watch 2009

Mass High Tech’s Women to Watch program honors 10 New England-based women each year who are leading the way in entrepreneurship, technological innovation and lifelong learning.

Read the profiles of 2009 and past winners »

Mass High Tech All Stars

Help select the 2009 Mass High Tech All-Stars

Each year, Mass High Tech honors the New England tech industry’s pioneers and leaders from such sectors as: Advanced Energy, Biotech, Electronics, Hardware, Internet, Medical Devices, Software and Telecommunications. We also recognize those in support services who make it possible for entrepreneurship to thrive in the region, including lawyers, financiers, educators, public policy makers and association representatives.

The award winners will be announced in the fall, honored at a reception at the Boston Park Plaza Hotel on October 29, and profiled in the October 30 issue of Mass High Tech.

Curious to see who has been honored in the past? Check out the profiles of past All Star award winners.

Nominations are now open for the 14th Annual All-Stars Awards, but will close on July 31. Don’t wait. Use our online nomination form to tell us who you believe should be recognized as one of New England’s technology leaders.

Tech Forums

Mass High Tech hosts four tech-focused forums throughout the year that include panel discussions on issues of concern for the bio, cleantech, emerging tech and finance industries.

Watch here for information on upcoming forums and highlights from recent forum events:

Finance Forum
September 24, 2009
BIO Forum
CleanTech Forum
Emerging Technologies Forum

Tech Citizenship: Alive and well in New England

Mass High Tech annually honors New England technology companies that use their innovation to improve their communities as part of our Tech Citizenship section and related awards event. We highlighted 22 such companies for their charitable efforts. Read profiles of each company and learn how they met the criteria to be named a Tech Citizen. Their stories offer ideas from which we can all learn.

Learn more about our Tech Citizenship coverage and events »

Wired-In

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Video

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New England Tech Stock Index

The New England Technology Stock Index (NETSI) provides a snapshot view of the performance of the region’s publicly traded companies. View the index »

Mass High Tech’s 2009 Technology How-To Guide covers the issues concerning high tech business and how to tackle them — issues ranging from overseas expansion and venture capital funding to choosing an MBA program and cutting your company’s energy bill.

On the MHT blog now

Barney makes door-opener from iPhone, sink

Opening doors has been killing me lately, and I've been looking for a solution combining state-of-the-art mobile communications technology and plumbing. Luckily, MIT is nearby for just such situations. Recent grad Chris Varenhorst has given the world iDoor, a hydraulic door-control system controlled by his iPhone: I spent my senior year living with this door, and besides having to replace a...