Worcester Business Journal

March 19, 2018

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6 Worcester Business Journal | March 19, 2018 | wbjournal.com T H E T I C K E R $6.1 million Net income reported in 2017 for Acton-based hair drug testing firm Psychemedics, largely thanks to growth in the Brazilian market. Source: Psychemedics Age range of people now approved to use anti-depression drug Latuda, which is manufactured by Marlborough-based Sunovion Pharmaceuticals, Inc. 10 -17 Source: Sunovion 428,510 Source: The Warren Group Public workers now protected by the same occupational safety and health state laws protecting private-sector workers after a bill was signed by Gov. Charlie Baker. Rise in 2017 net income for Framingham energy efficiency firm Ameresco 180% B R I E F S AdCare's $85M sale finalized A Tennessee addiction treatment practice AAC Holdings, which operates American Addiction Centers' 20 loca- tions throughout the country, has final- ized its $85-million acquisition of Worcester treatment providers AdCare. AdCare's nine locations in Massachusetts and Rhode Island -- including a 114-bed hospital in Worcester -- will join forces with AAC. Westborough medical device firm sold for $214M Minnesota medical device manufac- turer Cogentix Medical, which operates a 24,000-square-foot manufacturing facility in Westborough, has been pur- chased by Toronto company Laborie Medical Technologies for $214 million. Cogentix has maintained the Westborough location on Flanders Road since 2015, when it moved from Natick. The company's main products include a device eliminating the need for high-level disinfection between endoscopies. Milford pot grower hopes to tap into recreational A medical marijuana company with a 25,000-square-foot cultivation facility in Milford is hoping to expand into the recreational cannabis growing business. Sira Naturals, which produces its products in Milford and operates medi- cal dispensaries in Somerville, Cambridge and Needham, is holding a meeting at Town Hall. In the notice, which was filed by Sira Naturals' President and CEO Michael Dundas, said it intends to apply for at least one adult-use license as a cultiva- tor, manufacturer or research facility. Continued from previous page Source: Ameresco Sira Naturals President and CEO Michael Dundas in the company's Milford facility.

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