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Massachusetts biopharma firms raised a record $5 8b in venture capital last year

Massachusetts biopharma firms raised a record $5.8 billion in venture capital last year Jonathan Saltzman © David L. Ryan Kendall Square in Cambridge, epicenter of the state s robust biotechnology industry. Buoyed by the industry’s response to the COVID-19 pandemic, Massachusetts drug makers raised a record-breaking $5.8 billion in venture capital last year, nearly double the sum of 2019 and surpassing the previous high of $4.8 billion in 2018, according to a new report by a trade group. Popular Searches As biopharma firms had three vaccines cleared for use in the US since the coronavirus emerged in December 2019 ― including one from Cambridge-based Moderna ― investors seemed eager to fund promising startups, said the report by the Massachusetts Biotechnology Council.

Several key issues to go before Marlborough City Council in 2021, including apartment proposal, life sciences zoning

MARLBOROUGH Several key issues will likely go before the City Council in 2021, including zoning to attract more life sciences companies to Marlborough, a proposed 140-unit apartment complex at the former McGee Farm and the annual city spending plan. City Council President Michael Ossing outlined some of the significant measures expected to come before the council in the new year. Life sciences The city already has a strong reputation as a hub for life sciences companies, but Marlborough leaders plan to strengthen that distinction in the coming year. Ossing anticipates new zoning will come before the council to make Marlborough even more attractive for life sciences companies to move to the city.

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