Cambridge Industry
Anthropic Signs 24,000-Square-Foot Lease in Cambridge, Drawn by Proximity to Life Science Research
Anthropic, the artificial intelligence company behind Claude, is establishing its Cambridge base — signing a 24,000 square foot lease in Kendall Square, according to a Tuesday announcement.
As Cambridge Faces a Life Sciences Downturn, Startups Turn to a New Industry: Warfare
As biotech firms shed jobs and life sciences funding dries up, policymakers have started to see defense technology as a way to buttress the Massachusetts economy. Industry experts say Cambridge may become one of the nation’s fastest-growing hubs for defense and national security startups.
Facing Wary Investors and the Lure of Outsourcing, Cambridge Biotech Firms Turn Away From Basic Research
Tariff pressures, a changing regulatory environment, and risk-averse investors have left many Cambridge biotechnology companies seeing decreased new drug development — and outsourcing parts of the research process.
Somerville Incentivizes TransMedics Move With Ten-Year Tax Break
The city of Somerville approved a tax increment financing deal on Oct. 23 that would offer a ten-year, $18 million property tax break to TransMedics — an organ-care technology company — in hopes of motivating the company’s move to Assembly Park.
Cambridge Urges Massachusetts to Lift Solar Energy Caps
The City of Cambridge is pushing Massachusetts lawmakers to lift state caps on net metering, arguing that the limits are stalling the city from expanding solar energy initiatives.
City Council Votes to Increase Property Taxes, Triggering Backlash from Business Owners
The Cambridge City Council unanimously voted to raise property taxes by eight percent for fiscal year 2026 — including a 22 percent increase on commercial property taxes — to the chagrin of many residents and business owners.
Small, Minority-Owned Businesses Pitch Services to City of Cambridge at Supplier Diversity Fair
45 minority, women, and veteran-owned small businesses gathered to pitch their services to representatives from the City of Cambridge at the city’s third Supplier Diversity Fair on Monday afternoon.
Nurses at Dana-Farber Foxborough Ask for Equal Pay to Their MGB Counterparts
Nurses at the Dana-Farber Cancer Institute’s Foxborough campus sent a letter on Friday asking DFCI to eliminate their pay disparity with Mass General Brigham nurses working in the same building.
Eversource Proposes 13% Increase in Gas Rates This Winter
Last winter, Eversource customers saw a historically high price increase in their gas bill. This year is shaping up to be even more expensive.
Experts Have Reservations About Proposed MGB-CVS Primary Care Clinics
On a weekday morning before work, a pharma executive, a busy student, and a small business owner all walk into a CVS — not for toothpaste or prescriptions, but for a primary care appointment.
City Council Approves Compromise in $21M BioMed Deal After Backlash From Nonprofit Coalition
The Cambridge City Council approved a compromise to redistribute part of the $21 million in community benefit funding that BioMed Realty initially agreed give to East End House, a community center serving low-income Cambridge residents.
Harvard Built the Biotech Industry in Cambridge, Then Let It Go. Now It Wants Back In.
Over the decades, Kendall Square has become a hub of biotech innovation and a popular location for up and coming life sciences firms. Now, a Harvard-backed Allston is entering the Cambridge biotech scene.
New Cancer Hospital for Dana Farber Leaves Healthcare Experts Skeptical
When the Dana Farber Cancer Institute announced that it was opening a new, $1.7 billion, 300-bed inpatient cancer hospital in 2028 along with Beth Israel Deaconess Hospital, the announcement seemed to promise good news for the region. But healthcare experts aren’t so sure.
FDA Layoffs, Funding Cuts Cast Shadow Over Biopharma Industry
Amid a raft of federal changes cutting funding and capacities at the Food and Drug Administration, investors are soon expected to pull back from the biotech industry, representing a blow to a primary engine of the Boston area’s economic growth.
Nvidia to Open Quantum Computing Research Center in Boston This Year in a Landmark for Region’s Tech Sector
Technology giant Nvidia announced last Thursday that it will open a quantum computing research center in Boston by the end of 2025, where it will host research in partnership with labs at Harvard, MIT, and tech firms in the area.
Biogen to Move Global Headquarters to Kendall Commons in 2028
Cambridge-based biotechnology company Biogen Inc. announced Monday that it will move its global headquarters to a new building in Kendall Square in 2028, consolidating its various branches and operations into a single “innovation hub” while drawing the company still closer to nearby MIT.
Massport Votes To Raise Fees on Ubers, Lyfts to Logan Airport — But Limits Planned Fee Hikes
After Uber and Lyft criticized the Massachusetts Port Authority’s proposed fees on rides to Boston Logan International Airport, the board approved a rate hike from $3.25 to $5.50 per trip for ride-hailing providers.
Biotech Giant Roche Launches Innovation Center on Harvard’s Allston Research Campus
F. Hoffmann-La Roche, one of the world’s largest biotechnology companies, announced on Thursday that it will establish an Innovation Center on Harvard’s Enterprise Research Campus in Allston. The Swiss multinational company is leasing 30,000 square feet of space from the ERC’s 1.9 million square feet,and plans to eventually employ up to 500 employees.
DPU Cuts MassSave Funding by $500 Million, Approves Gas Bill Reductions
The Department of Public Utilities ordered a reduction of the total three-year budget for the MassSave energy efficiency program by $500 million on Friday to reduce gas bills.
Draper Labs Sets Sights on a Far-Side Moon Landing Next Year
Cambridge-based Draper Labs is set to launch their NASA-funded CP-12 mission in 2026, racing Texas-based Firefly Aerospace to complete the United States’ first landing on the far side of the moon.
Cambridge Redevelopment Authority Confirms Spring 2026 Completion for Neighborhood Storefronts Project
The Cambridge Redevelopment Authority affirmed that the inaugural Neighborhood Storefronts Project will be completed next spring in their annual board meeting on Wednesday.
Eversource and National Grid Propose Cutting Gas Delivery Rates by 10%
Eversource and National Grid, Massachusetts’ largest energy companies, proposed 10 percent cuts to gas bill delivery rates on Monday, after the Department of Public Utilities ordered gas companies to lower total gas bills by at least 5 percent last week.
Biopharma Giant GSK to Expand Research and Development Footprint in Cambridge
International biotechnology company GlaxoSmithKline is moving its vaccine and infectious disease research teams to Cambridge, in a latest step to strengthen its presence in the Greater Boston area.
As Lab Property Grows Out of Reach for Kendall Square Startups, Many Shift To Leasing Coworking Spaces
The Crimson spoke to a range of commercial realtors, startup founders, and a commercial lab space owner to understand how the immense draw of Kendall Square has forced the myriad startup companies that define its ecosystem to adapt to more challenging economic conditions as they fight for a prized place in “the most innovative square mile on the planet.”
Cambridge Biopharma Firm Sage Therapeutics Sues Partner Biogen After Buyout Offer
Cambridge-based biopharmaceutical company Sage Therapeutics filed a lawsuit against their partner, the biotechnology company Biogen, after rejecting their $469 million buy-out proposal late last month.
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