Triangle

GlaxoSmithKline buys up rival's HIV assets

December 21, 2015

(WRAL TechWire)

London-based GlaxoSmithKline PLC has agreed to pay Bristol-Myers-Squibb up to $1.5 billion for the U.S. company's pipeline of HIV drugs. In May, GSK announced it would partner with UNC-Chapel Hill to form a new company to discover a cure for AIDS. GSK, which has a facility at Research Triangle Park, is investing $20 million in the venture. Bristol announced in June that it would end its virology research efforts, which span HIV and hepatitis. 

 

Departing SAS executive says software giant is in 'great shape'

December 21, 2015

(The News & Observer, Raleigh)

Jim Davis resigned as chief marketing officer of SAS Institute after 21 years with the company. He will take a similar position at Informatica, a privately held, Redwood City, Calf-based software developer. His replacement has not been named. In an interview with Raleigh's News & Observer newspaper, Davis said it was a difficult decision to leave SAS. He plans to split his time between his home in Cary and California. Informatica has 70 employees in North Carolina after acquiring Triangle startup StrikeIron. Informatica was acquired for $5.3 billion earlier this year by a group led by private equity firm Permira and the Canada Pension Plan Investment Board.

 

Court win for Chatham Park development

December 21, 2015

(Durham Herald-Sun)

N.C. Superior Court Judge Paul Ridgeway dismissed a lawsuit against the Town of Pittsboro challenging the planned 7,120-acre development of homes and businesses. Plans call for the construction of more than 22 million square feet of commercial space and 22,000 residential units. It is a project of Cary-based Preston Development Co. Chatham Park would bring tens of thousands of new residents to the town of about 4,000 people. 

Apple's new chief operating officer has Carolina ties

December 18, 2015

(WRAL.com)

Jeff Williams earned a degree in mechanical engineering at N.C. State University and an MBA at Duke. Williams, who has worked for Apple for 17 years and supervised the launch of the Apple Watch, fills the position previously held by CEO Tim Cook, also a Duke MBA graduate.
Related: This man could be the next CEO of Apple

DuPont layoffs could affect RTP

December 18, 2015

(The News & Observer, Raleigh)

DuPont is undergoing a restructuring that will reduce its global workforce by 10%, but it's unclear what impact that will have on the company's 160 employees at Research Triangle Park. DuPont announced plans to merge with Dow Chemical next week.

Durham drug developer raises $30M

December 17, 2015

(WRAL TechWire)

Novan Therapeutics, a Durham-based biotech firm developing a nitric oxide-based acne treatment, has raised $30 million. That's on top of $50 million the company raised in March. Novan's board includes Robert Ingram, former CEO of GlaxoWellcome, and Cree co-founder F. Neal Hunter.

Raleigh community activist Ray Price dies at 78

December 17, 2015

(WRAL.com, Raleigh)

Johnston County native Ray Price, owner of Ray Price Harley-Davidson in Raleigh, died Wednesday at 78. Price was well-known in the Raleigh community for hosting charity events and organized the annual Capitol City Bikefest, an event that drew more than 100,000 people to downtown Raleigh each year.

Raleigh's NephroGenex wins FDA approval for kidney drug

December 15, 2015

(The News & Observer, Raleigh)

Shares of the Raleigh drug developer rose 48% Monday after the FDA said the company can conduct clinical trials using Pyridorin to treat acute kidney injury. The drug is already being tested for kidney disease caused by diabetes. NephroGenex's stock has underperformed since its February 2014 IPO at $12 a share; shares closed Monday at $2.13.

Hotel developer buys downtown Raleigh site

December 14, 2015

(The News & Observer, Raleigh)

A group controlled by Greensboro-based CN Hotels has acquired its second site in downtown Raleigh. At least four developers are planning new hotels in downtown Raleigh, which has seen an increased number of visitors in recent years.

Sprout CEO leaves company

December 10, 2015

(The News & Observer, Raleigh)

Cindy Whitehead will remain a consultant to Sprout Pharmaceuticals, the Raleigh-based company that was acquired by Canada-based Valeant Pharmaceuticals for $1 billion. Bloomberg reported last month that only 227 women filled prescriptions for Addyi, Sprout's drug designed to boost the female libido, in its first month on the market.

Longtime SAS employee Jim Davis resigns

December 9, 2015

(The News & Observer, Raleigh)

Jim Davis, a 21-year employee of Cary-based SAS Institute, will take a new job at Informatica, a California-based software company. Davis has been chief information officer of SAS since 2001. SAS, which provides analytics software for corporations, government agencies and educational institutions, employs more than 7,000 in Cary.

North Hills breaks ground on 12-story office building

December 8, 2015

(WRAL.com)

Construction crews broke ground Monday on Midtown Plaza, a 12-story building in Raleigh's North Hills area that is being developed by Kane Realty. Chicago-based Allscripts Healthcare Solutions will lease space in the 330,000-square-foot tower. Construction is expected to be complete by spring 2017.

Novo Nordisk incentives could exceed $130 million

December 4, 2015

(The News & Observer, Raleigh)

Danish drugmaker Novo Nordisk could stand to receive more than $130 million in incentives in exchange for adding about 700 jobs in Johnston County. The deal, announced in August, includes $110 million in tax rebates and infrastructure spending not previously disclosed. The company plans to invest $1.8 billion in a plant near Clayton.

UNC Rex Healthcare earns top ranking

December 3, 2015

(The News & Observer, Raleigh)

Raleigh-based UNC Rex Healthcare is listed among the 98 top hospitals in the U.S. by the Leapfrog Group, which assessed more than 1,600 hospitals. It's the first time the 660-bed medical center has made the list. Rex topped Business North Carolina's annual list of top hospitals earlier this year. Two other N.C. hospitals – Carolinas HealthCare System-Kings Mountain and Northern Hospital of Surry County – were recognized in a separate listing of top rural hospitals.

Netsertive's latest financing grows to $24M

December 3, 2015

 (WRAL TechWire)

Netsertive, a Morrisville-based digital marketing company, said it has raised an additional $9 million since closing on a $15 million round of funding in October. Investors include River Cities Capital Funds and Babson Capital Management.

Premier Research adding 260 jobs in Durham

December 2, 2015

(The News & Observer, Raleigh)

Premier Research will add 260 jobs with an average annual salary of $73,296 in an expansion of its Durham office. The Philadelphia-based company runs clinical trials for drug companies and currently employs 62 people in Durham. Premier could receive up to $2.58 million in state incentives.

Stock Building Supply completes merger with BMC

December 2, 2015

(The News & Observer, Raleigh)

Stock Building Supply completed its merger with privately held Building Materials Holding, based in Atlanta. The combined company posted $2.6 billion in revenue last year. BMC Stock Holdings will be headquartered in Atlanta, though its main operating center will be in Raleigh.

New statewide newspaper plans February kickoff

December 1, 2015

(The Raleigh News & Observer)

North State Media, which produces online beer and racing publications, plans to start a statewide newspaper in February. Company officials cited Neal Robbins, a former legislative liaison for the N.C. Department of Environmental Quality, as a funder of the project. North State Media has started Carolina Beer Review and Chicken Bone Alley, a site for NASCAR fans.


Read more here: http://www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article47211500.html#storylink=cpy

Startup FilterEasy raises more than $1.5 million

December 1, 2015

(The Raleigh News & Observer)

FilterEasy said it has raised more than half of its $3 million funding goal, with money provided by Idea Fund Partners of Durham and Cofounders Capital of Cary. The Raleigh-based startup has 20 employees. Its customers sign up online for home delivery of air filters for heating and air-conditioning systems. 

RDU offers new access for Uber passengers

November 30, 2015

(WRAL.com)

Raleigh-Durham International Airport will open a designated staging area for Uber drivers on Tuesday. Uber passengers will pay a $1 fee ($1.50 for Uber XL riders) for the airport service, which will be tacked on to their fare.