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Biotechnology
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Maine biotech companies stepping up, and hiring, in COVID-19 fight
April 3, 2020Abbott Laboratories in Scarborough just got the OK to produce "game-changing" testing devices, and expects to manufacture 50,000 a day. Biotech companies around Maine are ramping up production to combat the pandemic, and need workers to help.
April 3, 2020
Covetrus reports $37M Q4 loss, promotes acting CEO
March 4, 2020Benjamin Wolin will transition from the acting role he has held since October, as the company seeks to recover from a $1 billion full-year net loss.
March 4, 2020
Free business boot camp in Ellsworth aims to help area entrepreneurs
Updated: February 27, 2020A new business boot camp in Ellsworth is poised to help business owners in Hancock and Washington counties. Sponsored by Maine Small Business Development Centers, the free Downeast Business Boot Camp & Pitch-Off is scheduled for March.
Updated: February 27, 2020Portland biotech ImmuCell reports 25% revenue growth for 2019
February 20, 2020ImmuCell, which develops preventive health products for dairy and beef cattle, reported a net loss for the year, but the amount shrank from the level in 2018.
February 20, 2020
IDEXX expands stock buybacks with 5M shares
February 13, 2020The repurchases are in addition to 1.8 million shares remaining for buyback as of Feb. 7. IDEXX shares traded at around $284 at the time of the announcement.
February 13, 2020
$2.8M awarded for research at Jackson Lab
February 5, 2020The Jackson Laboratory, headquartered in Bar Harbor, will use the money to study three research projects, including work on infertility and cancer.
February 5, 2020
IDEXX beats expectations on Q4 results, raises 2020 guidance
Updated: January 31, 2020Growth in revenue and earnings at the Westbrook-based provider of veterinary diagnostics beat analysts' consensus forecasts.
Updated: January 31, 2020
Biotech blueberries? UMaine explores new commercial use for the crop
January 29, 2020Backed by a a $25,000 grant from the Maine Technology Institute, researchers are investigating the berry's potential use in a biomedical product that would treat wounds.
January 29, 2020Covetrus sells off subsidiary, while IDEXX promotes senior execs
January 16, 2020Two of the state’s largest public companies are making organizational changes extending far from Maine.
January 16, 2020
MedRhythms advances product pipeline with science boards, new trial
January 14, 2020The Portland startup has formed two new scientific advisory boards, which are typically created by maturing medical technology companies, and is about to launch a study at renowned Cleveland Clinic.
January 14, 2020-
Senior Covetrus exec leaves the company in continuing shake-up
January 8, 2020Senior management changes continue at the Portland-based animal-health company, which has seen repeated turnover in its C suite over the past few months.
January 8, 2020 With board creation, Portland biotech startup takes the next step in growth
January 7, 2020ElleVet Sciences, a startup with an unusual line of products for pets, has taken a step forward in the company’s development with the creation of a 15-member scientific advisory board.
January 7, 2020In another exec shake-up, Covetrus CFO steps down
December 18, 2019The newly public Portland-based company, whose chairman and CEO have both turned over in the past three months, is now changing its CFO.
December 18, 2019
With new agreement, Fluid Imaging expands in medical diagnostics
Updated: December 4, 2019The Scarborough-based maker of lab instruments has signed an exclusive licensing agreement with the University of Colorado to commercialize artificial intelligence software that could speed the detection of dangerous bacteria.
Updated: December 4, 2019
JAX mice are rocketing to International Space Station
November 14, 2019Jackson Laboratory research mice will travel to the International Space Station next month as part of a 40-day mission expected to help scientists understand more about bone and muscle loss.
November 14, 2019Covetrus reports Q3 results, takes $939M write-down
November 13, 2019Covetrus Inc. on Tuesday reported financial results for the year’s third quarter that include a write-down of the company’s goodwill value by nearly $1 billion.
November 13, 2019
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