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Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience Harriet Jones | Staff Writer, ext. 145 hjones@hartfordbusiness.com Beats: Manufacturing, Cannabis, Professional Services Michael Juliano | Staff Writer mjuliano@hartfordbusiness.com Beat: Fairfield County Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Dean Zappalorti | Senior Accounts Manager, ext. 101, deanz@hartfordbusiness.com Sadie Bride | Senior Accounts Manager, ext. 141, sbride@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com being led by Amy Yancey, president and CEO of the UConn Foundation. Now, UConn is launching the public phase of the campaign, as it reaches out more broadly to its alumni and others to procure the remaining $780 million. The school said the funds will support student success and graduation rates, research efforts and its athletics program, among other initiatives. During the campaigns' first phase, UConn alumna Elisabeth DeLuca, the widow of Subway co-founder Fred DeLuca, donated $52 million, which will be used to build a new nursing facility in Storrs. Also, Peter Werth, research scientist and founder of ChemWerth Inc., donated $46.5 million to create an entrepreneurship and innovation institute. Hartford-based LAZ Parking 'accelerates growth' with acquisition of CA company CONTRIBUTED PHOTO CONTRIBUTED PHOTO Biohaven CEO Vlad Coric. Biohaven announces investment of up to $600M B iohaven Ltd. announced that New York-based Oberland Capital has agreed to invest up to $600 million in the New Haven- based biopharmaceutical company. Biohaven officials said the additional capital will provide signif- icant financial resources for ongoing clinical trials across the company's full development portfolio. It will also support Biohaven's commercialization efforts in anticipation of a potential U.S. Food and Drug Administration (FDA) approval of its therapy troriluzole, which treats patients with spinocerebellar ataxia (SCA). SCA is a group of rare, progressively debilitating and fatal genetic conditions that cause loss of coor- dination and other movement difficulties, and for which no treat- ments are currently available. The companies said the investment by Oberland Capital takes the form of a note purchase agreement (NPA) that is non-dilutive to current investors. Under the NPA, Oberland may purchase up to $600 million of Biohaven's senior secured notes, as the company reaches certain milestones. HBJ PHOTO | STEVE LASCHEVER Amy Yancey, president and CEO of the UConn Foundation. Germany's Merck KGaA to acquire CT-based bioscience company in $3.9B deal Stamford-based SpringWorks Therapeutics Inc. announced a definitive agreement to be acquired by Germany-based Merck KGaA in a deal valued at about $3.9 billion. SpringWorks is a commer- cial-stage biotech company devel- oping treatments for rare diseases and cancer. It currently has two drugs approved in the U.S. that could have potential peak annual sales of $1 billion, the Wall Street Journal reported. Merck said the acquisition provides SpringWorks with an opportunity to expand its reach into markets beyond the U.S., and leverage the resources of Merck KGaA's global healthcare organization. The deal is expected to close in the second half of 2025, pending share- holder and regulatory approvals. Merck, based in Darmstadt, Germany, owns about 250 companies and has more than 60,000 employees. UConn raises $720M in first phase of largest ever $1.5B fundraising campaign UConn's multi-year fundraising campaign, "Because of UConn," has raised nearly half of the $1.5 billion it needs, and the school is now asking the public for help. UConn announced that it raised about $720 million from lead donors during the "quiet phase" of the campaign, which began in 2020. The $1.5 billion fundraising effort is the largest in UConn's history and is Alan Lazowski in LAZ Parking's downtown Hartford headquarters in the Gold Building. Hartford-based parking magnate LAZ Parking has acquired a majority interest in FleetLogix, a fleet management and staffing services provider headquartered in San Diego, California. FleetLogix provides managed labor services to rental car agencies, including transportation and cleaning of rental cars at more than 37 airports across the U.S. Other services include on-site management, HR, payroll and recruiting; shuttle bus driving; maintenance support; and valet/check-in services. LAZ, led by chairman and CEO Alan Lazowski, is considered the largest privately-owned parking operator in the United States. It operates more than 1.7 million parking spaces in over 4,000 locations in 42 states and 530 cities in the U.S. and Canada.