Business

BioCryst drug shows promise as Zika treatment

March 8, 2016

(WRAL TechWire)

BioCryst Pharmaceuticals said a preclinical study of its experimental antiviral drug showed promising results in combatting the Zika virus in mice.
Also: Here's why BioCryst stock is spiking today

Report fuels speculation of BAT acquistion

March 8, 2016

(Winston-Salem Journal)

A London newspaper reported that British American Tobacco could be preparing for an acquisition, triggering speculation that the tobacco company could be planning a bid for Imperial Brands, which operates ITG Brands in Greensboro, or a majority ownership in Reynolds American. BAT owns 42% of Reynolds.

Durham data-management firm raises $7.5M

March 8, 2016

(WRAL TechWire)

Zaloni Partners raised $7.5 million in a financing led by Sierra Ventures that included Baird Capital. The Durham-based company provides data lake management software and services. A data lake is a repository for large quantities of data.

Even if you find Medicaid boring, take time to read this

March 8, 2016

The term Medicaid induces either boredom or despair. But every N.C. taxpayer should know something about the program that makes up about a third of state spending and covers nearly a fifth of Tar Heel residents.

Luxury home market heats up in Wilmington

March 8, 2016

(Greater Wilmington Business Journal)

Two Wilmington homes with asking prices of more than $5 million were listed in February, one in Landfall and another on Masonboro Sound Road. Only two homes above that price have sold in the area in the last decade.

New pipeline route proposed in Cumberland County

March 8, 2016

(The Fayetteville Observer)

A new proposed route for the Atlantic Coast Pipeline would run along a Duke Energy transmission line in Cumberland County, a less-congested area that includes about 95 properties. The original route would have affected 175 landowners.

'Woz' named Innovator in Residence at HPU

March 8, 2016

(The News & Observer, Raleigh)

Apple co-founder Steve Wozniak was named Innovator in Residence at High Point University. "Woz" will visit HPU's campus each year and will offer advice to students digitally.

First Bank to swap branches with Virginia bank

March 7, 2016

(The Pilot, Southern Pines)

First Bancorp, the Southern Pines-based parent company of First Bank, will exchange seven branches in Virginia for six First Community Bank branches in Winston-Salem and the Charlotte metro area. First Community is based in Bluefield, Va. The exchange will allow both banks to "achieve further concentration" of operations in their core markets, First Bank CEO Richard Moore says.

Durham's Hatteras Ventures to manage UNC startup fund

March 7, 2016

(WRAL TechWire)

Hatteras Ventures will invest up to $10 million in startups hatched at UNC Chapel Hill; also, the Durham-based venture-capital firm will manage the school's Carolina Research Ventures investment fund. Hatteras invests in early-stage life sciences companies and has about $350 million under management.

Tarwater reflects on 35 years at Carolinas HealthCare System

March 7, 2016

(The Charlotte Observer)

Michael Tarwater, who is retiring in June as CEO of Carolinas HealthCare System, talks about the evolution of the former Charlotte Memorial Hospital into a 40-hospital system with $8 billion in revenue, hospital consolidation and more.