Triangle

Durham's Chimerix will give first-grader access to experimental drug

March 12, 2014

(The News & Observer, Raleigh)

After a social media campaign urging Durham-based Chimerix to give a 7-year-old Virginia boy an experimental antiviral drug, the drug-development firm says it has reached an agreement with the Food and Drug Administration to make the drug available to the child, a four-time cancer survivor suffering from a potentially fatal viral infection, for six months.

Morrisville clinical research firm acquires Hong Kong's Choice Pharma

March 12, 2014

(The News & Observer, Raleigh)

Clinipace Worldwide, a contract-research organization that has its headquarters in Morrisville, has acquired Hong Kong-based Choice Pharma, expanding its global workforce to 640 workers in 30 countries. Financial terms were not disclosed.

Utilities Commission subpoenaed for inspection records

March 12, 2014

(The Charlotte Observer)

The N.C. Utilities Commission received a subpoena for records pertaining to coal-ash pond inspections. Duke Energy, the Department of Environment and Natural Resources and 18 water-quality officials have also received subpoenas as part of the federal grand jury investigation that began after Duke's coal-ash spill at the Dan River plant in Eden.

Quintiles' Gillings, other investors plan $939 million stock offering

March 11, 2014

(The News & Observer, Raleigh)

According to a filing with the Securities and Exchange Commission, a group of shareholders that includes the co-founder and chairman of Quintiles Transnational plan to sell 17.25 million shares of the company's stock in a public offering. Quintiles is a contract-research organization that employs 2,600 in the Triangle and more than 28,000 worldwide.

Pittsboro wants more specific details on Chatham Park proposal

March 11, 2014

(The News & Observer, Raleigh)

The Pittsboro Board of Commissioners has asked the developer of the proposed Chatham Park community for more details on the project and will appoint a citizen review committee to guide its progress. The board's decisions are based on recommendations from an outside firm it hired to review the master plan for the massive development that could bring 60,000 people to the area.

McCrory tells students Duke Energy didn't take care of responsibility at Eden plant

March 11, 2014

(The News & Observer, Raleigh)

Speaking to a group of students and faculty at a Raleigh private school, Gov. Pat McCrory said Duke Energy overlooked its responsibility to the public when it closed the Dan River coal-fired power plant. The governor also said he has a goal of increasing pay for all teachers based on performance.

AG Cooper will appeal Aqua rate increase if approved

March 10, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper indicated he will appeal a 5.2% rate increase requested by Aqua North Carolina if it is approved by the N.C. Utilities Commission. Aqua is the state's largest private water utility.

Judge rules Duke Energy must stop groundwater pollution

March 7, 2014

(The News & Observer, Raleigh)

A Wake County Superior Court judge ruled that Duke Energy must immediately stop pollution from its coal-ash ponds in areas where groundwater contamination exceeds state standards, reversing an earlier decision by the Environmental Management Commission. The Charlotte-based utility could appeal the decision to the N.C. Court of Appeals.

Raleigh sends team to South by Southwest

March 7, 2014

(The News & Observer, Raleigh)

Raleigh's mayor and a team of economic developers are going to South by Southwest, the arts and innovation festival held annually in Austin, Texas. The city will host a booth and leaders will hold a series of meetings to promote Raleigh as a technology hub. 

Researchers at NC State create new Android system to prevent malware

March 6, 2014

(The News & Observer, Raleigh)

Researchers at N.C. State University have developed a new cloud-based security system called "AirBag" for Android users to keep malware from affecting smartphones and tablets.

Durham's Freelon Group acquired by global architecture firm

March 5, 2014

(The Herald-Sun, Durham)

The Freelon Group, a Durham-based architecture firm, will be acquired by Perkins+Will, a global architecture and design group that employs about 1,500 people. The Durham firm, which employs 45, will be combined with Perkins+Will's Morrisville office with a staff of 18 people. Financial terms were not disclosed.

Duke Energy-Progress merger upheld

March 5, 2014

(The Charlotte Observer)

The N.C. Court of Appeals ruled against two groups challenging the 2012 merger between Duke Energy and Progress Energy which created the nation's largest utility. Advocacy group NC WARN said it would likely appeal the ruling before the N.C. Supreme Court.

Raleigh food-processing company receives $18 million in new investments

March 4, 2014

(The News & Observer, Raleigh)

Raleigh-based Aseptia, which operates as Wrights Foods, will announce it has raised $18 million in new funding, including nearly $8 million from Raleigh investment firm Lookout Capital. The company uses technology developed by N.C. State University food scientists to produce packaged foods at a Montgomery County plant. 

DENR cites five more Duke Energy plants for violations

March 4, 2014

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources accused Duke Energy of violations at five more power plants in the state, saying the utility doesn't have the necessary federal permits to discharge storm water. The DENR previously issued two violation notices to Duke regarding its Dan River power plant in Rockingham County.

Duke University approves 4% tuition increase

March 3, 2014

(The News & Observer, Raleigh)

Duke University announced a 4% tuition increase to $45,800 for the next academic year. Total cost, which includes tuition, fees, room and board, will be $60,530. Rates will also go up at the Durham university's graduate and professional schools.

NC to receive $1.5 million in Endo Pharmaceuticals case

March 3, 2014

(The News & Observer, Raleigh)

Pennsylvania-based Endo Pharmaceuticals will pay $1.5 million to North Carolina as part of a multi-state settlement after allegations the company unlawfully marketed the drug Lidoderm to treat lower back pain and chronic pain. The Food and Drug Administration had not approved the drug for those uses.

High-paid consultant to DHHS left scarce details of work

March 3, 2014

(The News & Observer, Raleigh)

A consultant hired by the state Department of Health and Human Services left few records behind detailing the work he did in his 11 months with the agency. Joe Hauck was paid $310,000, more than the department's highest-paid employee, and was credited with saving the agency millions of dollars.

IBM begins layoffs at RTP

February 28, 2014

(The News & Observer, Raleigh)

IBM began job cuts in Research Triangle Park and at nine other locations across the U.S. on Thursday, part of a workforce rebalancing the Armonk, N.Y.-based company previously announced. The company will not say how many employees are affected. 

Salix Pharmaceuticals projects $1.6 billion revenue in 2014

February 28, 2014

(The News & Observer, Raleigh)

Raleigh-based Salix Pharmaceuticals is projecting $1.6 billion in revenue in 2014, the company said in a statement on Thursday. Salix makes drugs for the treatment of gastrointestinal ailments. Revenue for the fourth quarter was up 30% over the same period in 2012.

AT&T to hire 130 in North Carolina

February 28, 2014

(The News & Observer, Raleigh)

AT&T will hire 130 people across North Carolina in retail, call center and technician positions. The company invested $1.6 billion in the state over the past few years, and hired more than 1,100 workers in 2013.