Yearly Archives - 2023

Two Babson Ventures Named Startups to Watch by BostInno

BostInno recently named two ventures founded by Babson alumni—High Time Foods and DetraPel—as startups to watch for 2023. In all, BostInno spotlighted 23 Boston companies. “All of the companies BostInno highlighted this year have different goals, products, and team cultures,” the Boston-based business publication wrote, “but the common thread is that they are on the verge of breaking out.” Co-founded by Aakash Shah MBA’22 and Damian Felchlin MBA’21, High Time Foods is a provider of shelf-stable, plant-based meat. David Zamarin...
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Elizabeth Banks shares a sunset view during tropical getaway

          Following the massive success of her latest directing work, Elizabeth ensured she got a good refresh before tackling more projects, jetting off somewhere very tropical for her most recent vacation. Posing with a background of lush greenery and a stunning orange sunset on the horizon, Elizabeth looked stunning while going completely makeup-free. Although it’s evident the star knows how to kick back and have a good time and is skilled on the movie sets, Elizabeth has lent her famous name...
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IBM Cloud and Wasabi Partner to Power Data Insights Across Hybrid Cloud Environments

IBM and Wasabi Technologies, the hot cloud storage company, today announced they are collaborating to drive data innovation across hybrid cloud environments. This collaboration aims to allow enterprises to run applications across any environment - on-premises, in the cloud or at the edge - and help enable users to cost efficiently access and utilize key business data and analytics in real time. The Boston Red Sox will be the first to leverage the joint power of IBM Cloud Satellite® and...
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Neuraly Announces Topline Results from Phase 2 Trial of NLY01 in Parkinson’s Disease

Neuraly, a clinical-stage biotechnology company pioneering development of disease-modifying agents for neurodegenerative disorders, today announced topline results from the Phase 2 trial with NLY01 in patients with early, untreated Parkinson’s disease (PD). The primary endpoint, change from baseline to Week 36 in the sum of MDS-UPDRS Parts II (Motor Experiences of Daily Living) and III (Motor Examination) after 36 weeks of NLY01 treatment, compared to placebo, did not reach statistical significance. NLY01 was safe and well tolerated. The effect was...
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Immusoft Acquires Exclusive, Worldwide Rights to Intellectual Property for Genome Edited Primary B Cells from the University of Minnesot

Immusoft, a clinical-stage cell therapy company dedicated to improving the lives of patients with rare diseases, today announced that it has successfully closed a license with the Regents of the University of Minnesota for the exclusive, worldwide rights to intellectual property (IP) for compositions of matter and methods to make and use genome edited primary B cells. The parent patent application is titled, “Genome Edited Primary B cell and Methods of Making and Using.” The IP includes proprietary methods that...
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Aras Named a Leader in Product Lifecycle Management by Independent Research Firm

Aras, a provider of the most powerful low-code platform with applications to design, build and operate complex products, today announced that it has been named a leader in The Forrester Wave™: Product Lifecycle Management For Discrete Manufacturers, Q1 2023 evaluation. Forrester noted that ""Aras appeals to manufacturers with a strong interest in exploiting a low-code platform for their own specific approach to managing the digital thread, from as-designed to as-manufactured and as-maintained."" According to the Forrester report, "Aras' superior performance,...
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Candidly Wins “Best Student Loan Management Platform” Designation in 7th Annual FinTech Breakthrough Awards Program

Candidly, the market’s leading student debt management platform, today announced that it is the winner of the “Best Student Loan Management Platform” award in the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough. This is the second consecutive year that Candidly has been recognized with a FinTech Breakthrough Award. Read more >>
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Wasabi CFO On Doing Business With SVB: What Worked, What Didn’t And What’s Ahead

Silicon Valley Bank: The Right Bank, But Wasabi Ready To Move On. The surprise demise of Silicon Valley Bank (SVB) has left much of the tech startup business concerned. Those clients primarily were tech startups that depended on SVB for loans, virtual currency business and financing acquisitions. One of those SVB companies was Boston-based cloud storage technology developer Wasabi, which had banked with SVB for years. Wasabi was fortunate in that it was already making plans to take advantage of...
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Myomo Reports Fourth Quarter and Full Year 2022 Financial Result

Myomo, Inc., a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, today announced financial results for the three months and full year ended December, 31, 2022. inancial and operational highlights for the fourth quarter of 2022 include the following: Product and total revenues were $4.0 million, up 2% sequentially and similar to the prior year quarter; Revenue units were 101, up 16% sequentially and down 6% compared with the prior year...
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Akston Biosciences Ends Vaccine Partnership with Stelis, Continues to Advance COVID Universal Booster EUA

Akston Biosciences Corporation, a developer of new classes of biologic therapeutics, announced today it has ended its AKS-452 licensing, manufacturing, and commercialization agreement with Stelis Biopharma Limited, an arm of Strides Pharma Science Ltd. Akston has reclaimed all rights to AKS-452, a room temperature stable, low-cost, protein subunit COVID-19 vaccine. AKS-452 has completed a Phase II/III clinical trial in India, with data showing robust safety profile and a 91% seroconversion rate at Day 56. Akston is now working with a...
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