IDEXX Laboratories Inc. (Nasdaq: IDXX), a Westbrook-based provider of veterinary diagnostics, veterinary practice software and water microbiology testing, posted third-quarter earnings and revenues above market expectations. The company on Thursday reported third-quarter revenues of $605 million, an increase of 11% on a reported basis and 12% on an organic basis, over last year. Earnings per [...]
MedRhythms Inc., a Portland-based medical technology startup, has gotten the green light to launch a clinical trial of its walking rehabilitation solution for stroke patients. The venture capital-backed company, founded in 2016, uses sensors, music and artificial intelligence to measure and improve walking in people who have experienced stroke. Read more
LAS VEGAS—When it comes to fighting cancer, physicians have more data at their fingertips than ever before. Perhaps, it may feel sometimes, too much data. By some estimates, there are almost 2,000 new papers published every day including 200 linked to cancer, said Susan Mockus, director of product innovation and strategic commercialization at The Jackson Laboratory, [...]
Jonathan Ayers, chairman, president and CEO of Westbrook-based IDEXX Laboratories Inc. (Nasdaq: IDXX), will reduce his leadership role because of a spinal cord injury he suffered in a June 27 bicycling accident Jonathan (Jay) Mazelsky, who has been serving as interim president and CEO, has been appointed to those positions on a permanent basis, the veterinary diagnostics [...]
Benjamin Shaw steps down as CEO and president and will serve as a strategic advisor to the board of Covetrus. Board chair Wolin to assume role as acting CEO and president, lead independent director Laskawy to serve as board chair. PORTLAND, Maine, October 22, 2019 – Covetrus (NASDAQ: CVET), a global leader in animal-health technology and services, today announced that Benjamin [...]
Life sciences are among the fastest-growing industries in Maine, with job growth and wages far outpacing state averages, according to the Bioscience Association of Maine. There are 7,433 jobs in Maine related to life sciences with a $95,000 average annual income; life sciences represent $1.5 billion of Maine's gross regional product for New England, and [...]
Award-winning Life Science Biotechnology Company Prapela Coming to Maine Prapela’s patented technology aids opioid-exposed babies and preemies. (October 15, 2019) Portland, ME: Prapela, Inc., an award-winning life science biotechnology company focused on infant health, is moving its development and commercialization activities to Maine. Prapela has secured operational space in the Pepperell Mill Campus in Biddeford – [...]
Maine Medical Center, the Portland flagship hospital of MaineHealth, has been awarded a $1.9 million grant from the National Heart, Lung and Blood Institute to study how stem cells may help reverse heart failure. The pre-clinical study may someday lead to new treatments for the condition, MMC said in a news release Tuesday. Read more
Massachusetts economic development guru Kevin O’Sullivan summed up in three words why Maine should put more resources into capitalizing on its home-grown research and development in bioscience: “Jobs, wages, cures.” O’Sullivan, former president and CEO of Worcester-based life science business incubator Massachusetts Biomedical Initiatives, was the keynote speaker at an all-day bioscience industry seminar Friday [...]
PORTLAND, Maine--(BUSINESS WIRE)--Aug. 20, 2019-- Covetrus (NASDAQ: CVET), a global leader in animal health-technology and services, announced that it is partnering with the University of New England’s College of Pharmacy (UNE) by offering an advanced pharmacy practice experience (APPE) to pharmacy doctoral candidates enrolled there. This program is one of many university partnerships that Covetrus has sponsored or developed in pursuit of [...]
