Triangle

Raleigh hopes to finalize Dix property purchase by May

April 9, 2015

(The News & Observer, Raleigh)

Raleigh officials and Gov. Pat McCrory expect to finalize a deal for the city to buy the former Dorothea Dix psychiatric hospital property by May 5. A Senate proposal that would nullify the deal and sell the property to the highest bidder is awaiting a committee hearing. Raleigh agreed to pay $52 million for the property; three senators who filed the bill say the land is worth more.

Proposed merger of food distributors vexes Triangle restaurateurs

April 6, 2015

(The News & Observer, Raleigh)

Some Triangle restaurant owners worry a proposed merger between the nation's largest food service providers, Sysco and US Foods, will lead to higher prices. The FTC took steps to block the merger in February, and state attorney general Roy Cooper is expected to join 10 other states in opposing the combination of the two companies. The federal agency says the Charlotte and Triangle markets are among metro areas that would be most impacted by the merger.

Salix plans to cut 258 jobs

April 3, 2015

(The News & Observer)

Salix Pharmaceuticals is laying off 258 people at its Raleigh headquarters, the company announced Thursday, the same it was acquired by Laval, Quebec-based Valeant Pharmaceuticals for $11 billion.

GSK plans R&D center in Maryland

April 3, 2015

(News & Observer)

GlaxoSmithKline, which has North American headquarters in Research Triangle Park, announced it will open a vaccines research center in Rockville, Md. The company said last week that it laid off 180 workers in North Carolina, in addition to 900 positions eliminated in December.

Valeant completes acquisition of Salix

April 2, 2015

(WRAL TechWire)

Valeant Pharmaceuticals has completed its $11 billion acquisition of Raleigh-based Salix Pharmaceuticals. Salix will operate as a subsidiary of Laval, Quebec-based Valeant. It isn't known if the company plans to cut any jobs.

Quintiles forms joint venture with Quest Diagnostics

April 1, 2015

(The News & Observer, Raleigh)

Durham-based Quintiles will form a joint venture with Quest Diagnostics to combine lab services for clinical trials. Quintiles, the world's largest contract-research organization, is the No. 2 provider of clinical-trial lab services behind Burlington-based LabCorp. New Jersey-based Quest acquired High Point's Solstas Lab Partners a year ago for $570 million.

Durham app developer acquired by Ticketmaster

April 1, 2015

(The News & Observer, Raleigh)

Ticketmaster will acquire Durham app developer Two Toasters for an undisclosed amount. Two Toasters has developed apps for brands including Regal Cinemas, Lexus and Dick's Sporting Goods. Following the sale, the company will work exclusively on Ticketmaster projects.

Durham's BioCryst awarded up to $35M for Ebola treatment

April 1, 2015

(The News & Observer, Raleigh)

Durham-based drug developer BioCryst Pharmaceuticals will receive up to $35 million in federal funding to accelerate clinical studies for its experimental Ebola treatment.

DHHS audit finds deficiencies

April 3, 2015

(Greensboro News & Record)

An audit of the state Department of Health and Human Services showed significant errors and deficiencies in its oversight of state programs, including errors in 24% of 272 claims sampled that resulted in $464,942 in overpayment.

Durham pharmaceutical raises $50M

March 31, 2015

(The News & Observer, Raleigh)

Novan Therapeutics completed a $39.7 million round of financing, bringing the total amount raised since August to $50 million. The Durham-based company, which is developing a treatment for acne, has raised $70 million since 2008.

Apartments revitalize Triangle downtowns

March 30, 2015

(The News & Observer, Raleigh)

The number of high-end apartment units within a mile of downtown Raleigh will double to nearly 3,000 over the next two years, and downtown Durham's population is expected to double following construction of new apartments there.

Triangle companies fare well on Forbes' Best Companies list

March 27, 2015

(Forbes)

Forbes magazine ranked Triangle employers Quintiles, SAS and UNC Healthcare in the top 50 on its first-ever list of America's Best Employers.

 

Rex Healthcare names Burriss president

March 26, 2015

(The News & Observer, Raleigh)

Rex Healthcare has named Steve Burriss president, effective April 1. Burriss, 48, has served as chief operating officer of the Raleigh-based health system since 2012 and was named interim president in January when David Strong announced he was leaving to take a job in Florida. Rex employs 5,600 people at its 660-bed Raleigh hospital.
Rex was ranked No. 1 on Business North Carolina's 2015 list of Top Hospitals in the state. Click here to view the full list.

Red Hat reports strong fourth quarter

March 26, 2015

(The News & Observer, Raleigh)

Raleigh-based Red Hat reported fourth-quarter revenue of $463.9 million, beating analysts' projections of $456.4 million. Revenue for the full year increased 17% to $1.79 billion. The software company also announced that its board of directors approved a stock buyback of up to $500 million.

Campbell University expands health campus with new nursing school

March 26, 2015

(The News & Observer, Raleigh)

Campbell University broke ground Wednesday on a $22 million building that will house the Catherine W. Wood School of Nursing, which already has 110 students enrolled in pre-nursing seminars. The new building also will include space for physical therapy, occupational therapy and medical research programs. The Buies Creek university has established six health-care degree programs in the last five years.

Cary's Dude Solutions acquires Toronto-based software company

March 25, 2015

(The News & Observer, Raleigh)

Dude Solutions is acquiring Toronto-based Windmill Software for an undisclosed amount. Windmill offers a software product that adds support for functions at senior-living centers. The Cary-based software firm, which received a $100 million private-equity investment last year, also has another deal in the works, CEO Kent Hudson said.

RDU fares poorly in report on Internet access

March 25, 2015

(WRAL TechWire)

Raleigh-Durham International Airport ranked 40th out of 50 major airports in a report on performance of wireless Internet and phone service. Research firm Root Metric tested upload and download speeds, Internet browsing and other data to compile the rankings. Charlotte Douglas International ranked 23rd.

3 workers killed at Raleigh construction site

March 24, 2015

(The News & Observer, Raleigh)

Three workers were killed and another was injured Monday when a scaffolding platform fell to the ground at a construction site in Raleigh. Raleigh-based Dominion Builders is developing the 11-story Charter Square building on Fayetteville Street.

GSK cutting 180 jobs at RTP

March 24, 2015

(The News & Observer, Raleigh)

GlaxoSmithKline will lay off 180 workers in its commercial business division at Research Triangle Park. The United Kingdom-based pharmaceutical company said in December it was cutting about 900 jobs in research and development, but about half of those workers shifted to jobs at at new business unit GSK formed with Paraxel. GSK employs more than 5,000 in North Carolina.

Biogen changes name, reports positive results for Alzheimer's drug

March 23, 2015

(The Herald-Sun, Durham)

Biogen reported promising results of an Alzheimer's treatment it is developing. The Massachusetts-based biotech company, which has a manufacturing site in RTP, said Friday that its investigational drug successfully slowed cognitive decline in patients with the progressive neurological disease. The company also shortened its name from Biogen Idec effective Monday.