MetroWest495 Biz

6 MetroWest495 Biz | October 2015 five-minute drive from the company's headquarters. The company, which has 900 employees at its MetroWest head- quarters, will be adding 1,000 employ- ees to its Massachusetts workforce. China patent granted for biotech compounds RXi Pharmaceuticals Corp., a clinical-stage biotechnology com- pany based in Marlborough, has been granted a Chinese patent for the composition and methods of use for compounds that may be used to treat dermal scarring, the company an- nounced. The patent covers RXI-109 and other connective tissue growth factor (CTGF) targeting self-deliv- ering RNAi compounds (sd-rxRNA) for the treatment of fibrotic disorders, including skin fibrosis, according to the company. These compounds may be used to treat dermal scarring, which China is a significant market for, ac- cording to RXi Pharmaceuticals. Staples completes coffee study: We need it According to a recent study, 37 percent of American workers say they can't even get dressed for work without their first cup of coffee. The survey was conducted by office supply giant Staples, based in Framingham. It found that nearly half of American workers consume at least three cups of coffee each day. In fact, 44 percent said they can't have a conversation or commute without coffee, while over 57 percent of people said they need at least two cups of coffee to feel produc- tive and alert. Cost Plus World Market opens at Shoppers World, Framingham Cost Plus World Market opened its first Massachusetts store in the Shop- pers World plaza on Worcester Road in Framingham. The store, often referred to as World Market, sells furniture, décor, jewelry and accessories col- lected by buyers who travel the globe, according to the Oakland, Calif., company. Cost Plus World Market operates 270 stores in 33 states, as well as an e-commerce site, www.world- market.com. Sunovion extends compound- resource collaboration Marlborough-based Sunovion Pharmaceuticals has extended a drug discovery and development agreement with a New York company. Sunovion and PGI Drug Discovery LLC (Psy- choGenics) will continue the agree- ment that was first started in 2007 for another four years, PsychoGenics announced. The agreement allows the companies to screen their combined compound libraries for new treatments for neuropsychiatric disorders. The collaboration has led to the identifi- cation of potential drug candidates including a compound in clinical de- velopment, according to PsychoGen- ics. PsychoGenics specializes in using its proprietary technology to discover new drug applications. Manufacturer to set up shop, add jobs in Marlborough An Acton startup that manufactures professional sports player figurines wants to move to Marlborough, ac- cording to documents submitted to the city council by Mayor Arthur Vigeant. Oyo Sportstoys, founded in 2011 by former medical device executive Tom Skripps, is planning to spend $8 million to renovate space it will lease at 111 Locke Drive. The company is seeking a tax increment financ- ing (TIF) deal from the city council, which would provide tax breaks on value added to the property over the life of the 10-year TIF agreement. The plan is to create a "state-of-the-art" manufacturing facility and corporate headquarters, according to Vigeant. Oyo would move 95 full-time jobs to the city by mid-2016, and create an additional 100 jobs over the next 10 years, he said. SeaChange shows a loss, but quarter up from 2014 Video software manufacturer SeaChange International of Acton had a second-quarter loss of $4.8 Roundup s page 5 We are pleased to announce the affiliation of Stephen J. Erickson, CFP ® , CRPC ® Senior Vice President, Investments Managing Director Branch Manager Scott Louder Vice President, Investments Diana Correa Registered Practice Coordinator 1 Mercantile Street, Suite 720 // Worcester, MA 01608 T 508.365.1050 // T 844.808.7915 // F 844.333.4959 // ELMwealthmanagement.com Michael J. Martin Senior Vice President, Investments Managing Director Christopher Lussier, CFP ® Associate Vice President, Investments Nancy Jones Registered Practice Coordinator CFP ® | Certified finanCial Planner™ | Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements. ©2015 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. We are pleased to announce the affiliation of Stephen J. Erickson, CFP ® , CRPC ® Senior Vice President, Investments Managing Director Branch Manager Scott Louder Vice President, Investments Diana Correa Registered Practice Coordinator 1 Mercantile Street, Suite 720 // Worcester, MA 01608 T 508.365.1050 // T 844.808.7915 // F 844.333.4959 // ELMwealthmanagement.com Michael J. Martin Senior Vice President, Investments Managing Director Christopher Lussier, CFP ® Associate Vice President, Investments Nancy Jones Registered Practice Coordinator CFP ® | Certified finanCial Planner™ | Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements. ©2015 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. We are pleased to announce the affiliation of Stephen J. Erickson, CFP ® , CRPC ® Senior Vice President, Investments Managing Director Branch Manager Scott Louder Vice President, Investments Diana Correa Registered Practice Coordinator 1 Mercantile Street, Suite 720 // Worcester, MA 01608 T 508.365.1050 // T 844.808.7915 // F 844.333.4959 // ELMwealthmanagement.com Michael J. Martin Senior Vice President, Investments Managing Director Christopher Lussier, CFP ® Associate Vice President, Investments Nancy Jones Registered Practice Coordinator CFP ® | Certified finanCial Planner™ | Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements. ©2015 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. We are pleased to announce the affiliation of Stephen J. Erickson, CFP ® , CRPC ® Senior Vice President, Investments Managing Director Branch Manager Scott Louder Vice President, Investments Diana Correa Registered Practice Coordinator 1 Mercantile Street, Suite 720 // Worcester, MA 01608 T 508.365.1050 // T 844.808.7915 // F 844.333.4959 // ELMwealthmanagement.com Michael J. Martin Senior Vice President, Investments Managing Director Christopher Lussier, CFP ® Associate Vice President, Investments Nancy Jones Registered Practice Coordinator CFP ® | Certified finanCial Planner™ | Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements. ©2015 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. 905 Hartford Turnpike, Shrewsbury, MA 01545 tel. 508.842.1213 • www.elevationee.com Before After Before After CUSTOM RENTAL GLOBAL GRAPHICS EVENTS PORTABLES UPGRADE YOUR SPACE • CORPORATE OFFICE DESIGN & INSTALL DELL TO BUY EMC Dell Inc. has announced plans to buy EMC Corp., based in Hopkinton, for ap- proximately $67 billion in a deal that has many questioning the local impact. The data- storage powerhouse would be sold along with its subsidiary VMware to the Texas-based computer company in a deal that would eclipse the next-largest tech sale of $25 billion for Compaq Computer by Hewlett-Packard in 2002. Major questions remain for the takeover, however, including what will happen to the company's more than 9,000 employees in Massachusetts. The merged company will take EMC private, as Dell has been since 2013, although VMware will remain independent and publically traded.

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