Maine’s life science companies, representing a variety of products and services, are finding themselves on the forefront of the worldwide effort to stop COVID-19 and adding employees as they increase production. From Sanford to Guilford to Bar Harbor, the companies make everything from biological safety cabinets to swabs to COVID-19 tests. And the businesses are [...]
The parent company of Maine Medical Center is exploring whether the state’s manufacturing and construction industries can help fashion and supply the masks, face shields, gloves and protection equipment needed to handle the growing wave of coronavirus testing and treatment expected in the state’s hospitals. MaineHealth reached out over the weekend to the state’s industrial [...]
As of 11:30 a.m. Monday, March 23, 107 Maine residents have been confirmed positive for the coronavirus, according to the state. Click here for the latest coronavirus news, which the BDN has made free for the public. You can support this mission by purchasing a digital subscription. A Piscataquis County company that makes medical testing swabs is at the center [...]
Among the many lessons of the coronavirus pandemic is how close humans are to the rest of the animal kingdom. We get diseases from other animals, and then we use more animals to figure out how to stop the diseases. As research ramps up treatments and vaccines, animals are crucial to fighting the pandemic. There are [...]
Covetrus Inc. (Nasdaq: CVET), the Portland-based provider of animal-health products and services, on Tuesday reported a fourth-quarter net loss of $37 million and announced Benjamin Wolin as its new president and CEO. In late morning trading Wednesday, shares were up 14%, trading at $12.69. That gives the stock an equity value of around $14.1 billion. [...]
The announcement of David Roux and Northeastern University’s plan for a graduate school and research center in Portland is welcome news. However, this investment is merely the beginning of (or catalyst for, as Roux put it) Maine’s journey into the modern economy. Maine’s public officials should aggressively invest in public goods to foster long-term growth [...]
Maine lobsters have long delighted tourists as the state’s most beloved seafood. But one company thinks the crustaceans can save human lives by providing their blood for use in new drugs. The effort, involving a longtime lobster scientist, wouldn’t be the first example of coastal invertebrates being used to aid human health. Horseshoe crabs are [...]
The Maine Technology Institute is seeking applications for $2 million in funding from organizations looking to make investments in R&D equipment, infrastructure and technology that will drive innovation and generate economic benefits for the state. Individual funding requests are capped at $500,000 or less from the Maine Technology Asset Fund 2.5 program. Fund recipients in [...]
IDEXX Laboratories, Inc. (Nasdaq: IDXX) on Wednesday said it has expanded its stock buyback program by offering to repurchase 5 million shares. Those repurchases are in addition to 1.8 million shares remaining for buyback as of Feb. 7, the company said in a news release. Repurchases can be made on the open market or in [...]
WESTBROOK, Maine, January 15, 2020—IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, today announced organizational changes to its global Companion Animal Group (“CAG”) business aligned with leveraging best practices and execution capabilities to support global market development and sustained double-digit revenue growth. The following leadership [...]
