Worcester Business Journal

6 Worcester Business Journal | June 8, 2020 | wbjournal.com M E M B E R F D I C | M E M B E R D I F WHO BUILT IT. C O M E S F R O M T H O S E a community T H E S T R E N G T H O F B R I E FS T H E T I C K E R 46 Years outgoing board Chairman Daniel Ivascyn worked with Webster Five bank, before announcing his retirement on May 20. Source: Webster Five Purchase price of an industrial building on Jeffrey Avenue in Holliston, bought by Burlington electrical contractor B F Garvey & Sons from Sequoia Investments Inc. of Georgia $544K 502 Source: Massachusetts Department of Public Health Coronavirus-related fatalities in Worcester County in May, the deadliest month since the pandemic first hit the region in March Amount granted in two separate awards to Framingham State University and Fitchburg State University to enhance programs to benefit students $200K Sources: Framingham State University and Fitchburg State University UMass Memorial expanding criteria for coronavirus drug UMass Memorial Medical Health Care in Worcester is expanding criteria for patients being treated with remde- sivir, a drug that in studies has been shown to treat coronavirus symptoms. e hospital system is now able to give remdesivir to patients who've test- ed positive or if they have an oxygen saturation of less than 94% on room air, meaning the virus has required them to be given supplemental oxygen or mechanical ventilation. e U.S. Food and Drug Adminis- tration gave emergency approval for use of the antiviral drug to help treat coronavirus patients. e FDA said May 1 a clinical trial showed remde- sivir shortened the recovery time for some patients but that limited infor- mation remained about the safety and effectiveness of using the drug. UMass Memorial Medical Center President Michael Gustafson said the hospital had treated almost 100 patients with remdesivir. Continued from Page 5 McGourthy returns to city, as Dunn promoted to lead Worcester development e City of Worcester has filled two major administrative roles with a pro- motion to chief development director and a return of a former top official to be the new chief financial officer. Peter Dunn, who has held multiple eco- nomic development roles, will become Worcester's new chief development officer effective Monday. He was most recently the assistant economic development officer and previously the business and com- mercial development coordinator. Timothy McGourthy, the city's chief development officer from 2006 to 2014, is now Worcester's CFO. His appoint- ment is effective June 22. McGourthy returns to the city aer serving since February 2019 as the state's deputy secretary in the Executive Office of Housing and Economic Development. Both are Worcester residents. Source: O'Brien Commercial Properties, Inc. Peter Dunn, Worcester's chief development officer

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