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Biotechnology

  • MTI seed grants awarded

    April 2, 2012

    The Maine Technology Institute Board of Directors recently awarded $411,268 in new seed grants to startups around Maine.

    April 2, 2012
  • Jackson Lab eyes expansion at former Ellsworth Lowe's

    March 20, 2012

    The Jackson Laboratory is looking to expand by buying the former Lowe’s store in Ellsworth, which it will use for production, warehousing and administrative work.

    March 20, 2012
  • 2012 Business Leaders of the Year: Jean Hoffman blends a love of animals with fierce determination and a focused strategy

    Carol Coultas March 19, 2012

    It took five years, but Jean Hoffman has finally reached the point in the development of Putney Inc., her generic pet medication company, where looking for money can take a back seat to developing talent.

    Carol Coultas March 19, 2012
  • A growing cluster of companies caring for your pet’s health eyes a $51B market

    Whit Richardson March 5, 2012

    The country's economy has been in a recession for the last several years, but you wouldn't know it by looking at the amount of money people are spending on their pets.

    Whit Richardson March 5, 2012
  • A Waterville company hopes its corn protein patents will create products and jobs in the potato industry

    Bob Mentzinger February 20, 2012

    Those seeking locally grown advances in agriculture haven't “zein” anything yet.

    Bob Mentzinger February 20, 2012
  • CT approves $291M for Jackson Lab facility

    January 31, 2012

    Connecticut’s State Bond Commission has approved $291 million in borrowing over the next decade for The Jackson Laboratory’s proposed research laboratory

    January 31, 2012
  • Revenues up at Idexx for Q4

    January 30, 2012

    Revenues rose 8% in the fourth quarter at Idexx Laboratories in Westbrook, reaching $307.2 million, the company reported Friday.

    January 30, 2012
  • Jackson Lab finalizes deal for $1.1B Conn. facility

    January 6, 2012

    Bar Harbor-based Jackson Laboratory and Connecticut officials have finalized an agreement that gives the biotechnology nonprofit $291 million in state funding to open a new research center in Farmington, Conn.

    January 6, 2012
  • Ocean lab wins grant

    December 30, 2011

    The National Science Foundation has awarded the Bigelow Laboratory for Ocean Sciences more than $600,000 for oceanography research.

    December 30, 2011
  • Idexx acquires Missouri lab

    The Mainebiz News Staff November 8, 2011

    Idexx Laboratories has acquired the research and diagnostic laboratory business of the University of Missouri's College of Veterinary Medicine for $43 million.

    The Mainebiz News Staff November 8, 2011
  • CT lawmakers approve Jackson Lab center

    The Mainebiz News Staff October 28, 2011

    The Connecticut Legislature Wednesday night approved $291 million in bond funding to build a new $1 billion Jackson Laboratory research center.

    The Mainebiz News Staff October 28, 2011
  • Idexx's Q3 revenues up 12%

    The Mainebiz News Staff October 24, 2011

    Third-quarter revenues at Idexx Laboratories Inc. in Westbrook rose 12% compared with the same quarter last year, the company reported Friday.

    The Mainebiz News Staff October 24, 2011
  • Sea changer | Graham Shimmield, executive director, Bigelow Laboratory for Ocean Sciences, West Boothbay Harbor

    October 17, 2011

    Since arriving at Bigelow Laboratory in 2008, Graham Shimmield has been trying to bring more attention to the remote research lab tucked away by the sea at the end of a bucolic peninsula.

    October 17, 2011
  • Putney nets $21M in capital to develop generic pet drugs

    The Mainebiz News Staff October 4, 2011

    Putney Inc., a pet pharmaceutical company in Portland, has closed a $21 million financing deal to develop its generic veterinary drugs, bolster sales and marketing and address operational and working capital needs.

    The Mainebiz News Staff October 4, 2011
  • JAX nets another $33M for research

    The Mainebiz News Staff October 4, 2011

    Following on the heels of a $25 million federal grant, The Jackson Laboratory recently announced it will receive a $33 million grant for three gene-research projects.

    The Mainebiz News Staff October 4, 2011
  • JAX to build $1B lab in Conn.

    The Mainebiz News Staff September 30, 2011

    The Jackson Laboratory is partnering with the University of Connecticut to build a $1.1 billion lab at the university's health center in Farmington, Conn.

    The Mainebiz News Staff September 30, 2011

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Today's Poll

Have your consumer spending habits changed?
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Poll Description

U.S. retail sales continued to grow in May but not at the pace of previous months, the National Retail Federation reported last week.

Total retail sales, excluding automobiles and gasoline, were up 0.49% seasonally adjusted month over month and up 4.44% unadjusted year over year in May, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. That compared with increases of 0.72% month over month and 6.76% year over year in April.

Sales of digital products were up last month (by 1.81%), but sales of general merchandise and clothing and accessories were flat.

Declines were reported for electronics and appliances (by 1.98%), furniture and home furnishings (0.24%) and building and garden supply stores (2.3%).

“While momentum remains, the nature of consumer spending is shifting as economic uncertainty increases. Consumer fundamentals haven’t been damaged yet, and a slowing-but-still-growing job market is supporting household priorities ahead of any meaningful price increases in the coming months," said Matthew Shay, president and CEO of the National Retail Federation.