Issue link: https://nebusinessmedia.uberflip.com/i/974472
www.HartfordBusiness.com • April 30, 2018 • Hartford Business Journal 5 there were some errors in its annual report detailing economic impacts, its internal records are accurate. Farmington biotech notches $37M in funding A Farmington-based biotechnology company said it secured $37 million in funding from myriad northeast investment firms. Rallybio LLC, which is trying to develop therapies for patients suffering from rare disorders, raised the money from Westport-based Canaan Partners, Boston's 5AM Ventures and New York- based New Leaf Venture Partners. Rocky Hill's Connecticut Innovations, a quasi-public agency, also provided funding, the company said. Co-founded in January by a trio of leaders from the biopharma industry, the company said it plans to test drugs with antibodies, small molecules and engineered proteins to develop breakthrough therapies for patients. The co-founders include Martin Mackay, Dr. Stephen Uden, and certified public accountant Jeffrey Fryer. Athletes want to preserve integrity of the game amid sports betting push Two major sports leagues sent retired stars to the Capitol April 24 to urge Connecticut to regulate sports gambling in a way that best preserves the integrity of professional athletics. Former Boston Celtics forward Cedric Maxwell and Al Leiter, a starting pitcher for two decades from the late 1980s through early 2000s, also advocated for what some term the "integrity fee," giving professional leagues a share of state betting revenues. Mark Pazniokas | CT Mirror East Hartford Kia dealer to relocate A former UConn Health facility in East Hartford will eventually house a relocated local Kia automobile dealership, brokers say. Ash Street Holdings LLC, doing business as Kia of East Hartford Inc., paid seller Ash Realty Associates $1.58 million for the approximately 30,544-square-foot office building and acreage at 99 Ash St., according to Rocky Hill broker O,R&L Commercial. The Ash Street site is visible from I-84. Kia of East Hartford plans to move a new- used car franchise from its current town site at 540 Connecticut Blvd. to 99 Ash once renovations and an expansion of the 37-year-old structure are completed. CT paces 4-yr. drop in U.S. opioid scripts Connecticut and the rest of New England led a plummeting decline in America's opioid-prescription rate in recent years, as doctors ply more non-addictive options to help patients manage their pain, physicians say. The Connecticut State Medical Society (CSMS) and the American Medical Association shared findings from North Carolina health-data provider IQVIA that opioid prescriptions fell 22 percent nationally between 2013 and 2017. Connecticut's opioid-prescription rate fell 27.3 percent in the same period; they dropped 11 percent in 2017 alone, CSMS said. Across New England, Rhode Island posted a 33.6 percent four-year decline in opioid scripts, followed by New Hampshire, down 33.2 percent; Maine and Massachusetts, both down 32 percent; and Vermont, down 26 percent. 14 Bobala Road 3rd Floor Holyoke, MA 01040 Tel: 413.536.3970 www.WAdvising.com Headquarters 280 Trumbull St 24th Floor Hartford, CT 06103 Tel: 860.522.3111 One Hamden Center 2319 Whitney Ave, Suite 2A Hamden, CT 06518 Tel: 203.397.2525 One wrong click or a weak password can cause a security incident or data breach. The impact can be devastating. Make a Commitment to Cybersecurity Today Whittlesey's Cybersecurity Assessment (CSA) will help identify your cyber risk level. Call a Whittlesey Expert! 860.524.4433 61% of data breach victims are businesses with under 1,000 employees. 1 1 2017 Data Breach Investigation Report, Executive Summary – Verizon ASSURANCE | ADVISORY | TAX | TECHNOLOGY Rallybio's Jeffrey Fryer, Martin Mackay and Dr. Stephen Uden. PHOTO | CONTRIBUTED