http://www.masshightech.com/latestnews.html Mass High Tech: The Journal of New England Technology : breaking news from Mass High Tech Fri, 20 Nov 2009 17:21:09 -0500 en-US http://www.masshightech.com/ http://www.masshightech.com/images/flag.gif http://www.masshightech.com/stories/2009/11/16/daily61-Biogen-shareholders-CEO-pay-inconsistent-with-poor-stock-performance.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology One of Biogen Idec Inc.’s largest investors is criticizing CEO James Mullen’s compensation package and other corporate spending initiatives in an effort to goad the company into boosting its stock performance. http://www.masshightech.com/stories/2009/11/16/daily60-Corindus-raises-47M-in-equity-funds.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Vascular robotic systems developer Corindus Inc. has pulled in $4.68 million of a planned $10 million equity financing. The Natick-based company designs, develops and markets remote control systems for cardiology operations. http://www.masshightech.com/stories/2009/11/16/daily59-Agrivida-nets-2M-USDA-grant-for-biofuels-research.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Agrivida Inc. has received a $2 million grant from the U.S. Department of Agriculture to develop genetically engineered feedstocks for biofuels production. The award is the Medford startup’s second in as many months from the federal government. http://www.masshightech.com/stories/2009/11/16/daily58-Flybridge-adds-3M-to-online-pilates-equipment-business.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Flybridge Capital Partners has invested $3 million in a Cambridge Pilates instructor who runs a business selling exercise equipment on the home shopping network. Lighter Living Inc., an East Cambridge business run by Marjolein Brugman, will use the funds to expand its web presence and line of products. http://www.masshightech.com/stories/2009/11/16/daily57-Navy-directs-56M-to-WHOI-engineering.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Woods Hole Oceanographic Institute has landed $5.6 million from the U.S. Navy for engineering services. Under the contract, Woods Hole will perform engineering for the Navy’s platform and payload integration department of the Naval Undersea Warfare Center in Newport, R.I. http://www.masshightech.com/stories/2009/11/16/daily56-24-Tech-Citizens-honored-today-for-generosity.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Technology companies large and small gathered at the Seaport Hotel in South Boston this morning to be recognized as Tech Citizens in Mass High Tech’s 10th Annual Tech Citizenship awards. Among those recognized was the one company that has made the cut of those companies nominated every year since the program was launched — Genzyme Corp. of Cambridge. http://www.masshightech.com/stories/2009/11/16/daily55-Maine-startups-projects-land-seed-grants.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology The Maine Technology Institute reports it has given out a total of more than $111,000 in a round of seed grants to technology companies in Maine. The MTI gives up to $12,500 in awards six times a year, requiring a one-to-one match of funds, staff time, equipment or other resources from the startups. http://www.masshightech.com/stories/2009/11/16/daily54-SSC-buys-TheNextRound.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Financial services software maker SS&C Technologies Inc. has acquired TheNextRound Inc. , a Framingham-based software maker serving private equity and other alternative investment firms. http://www.masshightech.com/stories/2009/11/16/daily53-CambridgeSofts-private-financing-worth-31M.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology CambridgeSoft Inc. has disclosed the dollar value of a private financing it announced earlier this week, reporting in a regulatory filing that the equity funding received from Health Evolution Partners and Goldman Sachs & Co. was worth $31.3 million. The value of the deal was previously undisclosed. http://www.masshightech.com/stories/2009/11/16/daily52-Second-license-deal-with-Amgen-to-bring-ImmunoGen-another-35M.html Fri, 20 Nov 2009 00:00:00 -0500 Mass High Tech: The Journal of New England Technology Waltham biotechnology firm ImmunoGen Inc. has announced a second license granted to Amgen Inc. for its maytansinoid Targeted Antibody Payload technology for an undisclosed target. The deal promises a $1 million upfront payment to ImmunoGen, with up to $34 million in milestone payments and additional royalties.