hopkinton-independent-logo2x
Hopkinton, MA
loader-image
Hopkinton, US
9:50 pm, Monday, December 23, 2024
temperature icon 17°F
Humidity 73 %
Wind Gust: 5 mph

SIGN UP TODAY!
BREAKING NEWS & DAILY NEWSLETTER





Business Briefs: Isto Biologics announces merger; Lykan Bioscience now RoslinCT

by | Jan 8, 2024 | Business, Featured

A bioscience firm with headquarters on South Street recently announced a merger.

Isto Biologics, which bills itself as “a global leader in regenerative and autologous therapies,” has partnered with Advanced Biologics, a California company known commercially as Biologica Technologies.

The companies had been working together since 2020 prior to the merger, which became official in October.

“We are delighted to welcome the entire Advanced Biologics team to Isto Biologics,” Isto CEO Donald Brown said in a company press release. “This merger brings together the best of both companies’ expertise and a shared commitment to help patients heal faster.”

According to the press release, the merger will expand Isto’s growing portfolio of bone grafts and seamlessly integrate Advanced Biologics’ proprietary products alongside Influx, Isto’s esteemed line of cortical fiber allografts.

Lykan Bioscience now RoslinCT

Also on South Street, Lykan Bioscience now is known as RoslinCT. The companies entered into a business agreement in 2022 and then merged this past June, spurred by the global investment firm GHO Capital.

According to a press release, the company will be run by Peter Coleman in the United Kingdom and Patrick Lucy in the United States.

“The newly formed organization will offer a comprehensive range of services, including process development, analytical testing, clinical and commercial cGMP manufacturing and cGMP iPSC cell line development, gene editing and differentiation,” the release continues. “These services will empower cell and gene therapy developers to advance their products through clinical trials and bring them to market.”

“We are thrilled about the integration of two leading organizations in the advanced cell and gene therapy space, resulting in 22 cGMP processing suites, enhanced expertise, resources and transatlantic cGMP manufacturing capabilities to support the development and commercialization of advanced cell and gene therapies worldwide,” stated Lucy, who had been Lyman’s president and CEO.

The release also states that the manufacturing facility located in Hopkinton will remain operational under the RoslinCT brand, with plans for further capacity expansion on both sides of the Atlantic to meet the global growing demand for advanced cell and gene therapy manufacturing services.

HCCCF supports Open Table

Open Table, a MetroWest charity dedicated to fighting hunger and building healthy communities, recently announced the receipt of a grant from the Hopkinton Country Club Charitable Foundation. The generous donation will bolster Open Table’s ongoing efforts to provide essential personal care items alongside grocery and prepared meals to local families grappling with food insecurity.

Personal care items, such as shampoo, toothpaste, laundry detergent, household cleaners and diapers, often are overlooked necessities that can strain already tight budgets. These items are expensive and are not covered by public assistance programs such as SNAP or WIC, making them financially out of reach for many families. The grant from the Hopkinton Country Club Charitable Foundation enables Open Table to bridge this gap, ensuring that clients can maintain their dignity and create a healthy home environment.

Open Table Executive Director Alexandra DePalo emphasized the importance of the grant, stating, “Personal care items are essential to the well-being of our clients and their families. The generous support from Hopkinton Country Club Charitable Foundation allows us to fulfill a fundamental need, creating a more comprehensive and dignified approach to combating hunger. We are deeply grateful for their commitment to building healthier communities.”

Central One boosts Baypath

At the beginning of December, Central One Federal Credit Union employees and their guests came together for a special casino-themed holiday party. This year’s celebration was about more than enjoying the holiday together; it also was about giving back. At night’s end, attendees cashed in their casino chips for raffle tickets, with 15 winners choosing a worthy 501(c)(3) organization to receive a donation of $1,000 on Central One’s behalf. Among the charities that winners selected to receive a monetary donation from Central One was Baypath Humane Society in Hopkinton.

0 Comments

Related Articles

Business Briefs: Agostinelli named president of Davis Companies

The Davis Companies, a provider of staffing and talent advisory services for almost 40 years, recently announced the promotion of Hopkinton resident Mark Agostinelli to president. After dedicating his entire professional career to the company, Agostinelli will lead...

Davis Companies logo

Business Briefs: RoslinCT wins manufacturing award

RoslinCT, a Hopkinton-based biotechnology company, was recognized recently as a Manufacturer of the Year by the Commonwealth of Massachusetts at the ninth annual Manufacturing Awards. State Rep. James Arena-DeRosa, whose district includes Hopkinton, nominated the...

RoslinCT

Business Briefs: Fine, Baldiga named Super Lawyers

David Fine and Joseph Baldiga, both Hopkinton residents who work at Mirick O’Connell, were selected to the 2024 Massachusetts Super Lawyers list. Fine is a partner and chair of the Construction Law Group at Mirick O’Connell. He represents and counsels clients in...

David Fine

Business Briefs: Parker joins MassCPAs board

Kathy Parker was elected to the Massachusetts Society of Certified Public Accountants (MassCPAs) Board of Directors for the 2024-25 fiscal year. Parker, a Hopkinton resident, is a principal and the practice group leader of the Outsourced Accounting Practice Group...

Kathy Parker

Business Briefs: Clancy, McFarland recognized as AICPA Women to Watch

Hopkinton residents Jessica Clancy and Courtney McFarland were named two of seven recipients of the 2023 Women to Watch Award by the Massachusetts Society of Certified Public Accountants. The awards recognize women who have made outstanding contributions to the...

Jessica Clancy

Business Briefs: Marshall reelected to MassCPA board

The Massachusetts Society of Certified Public Accountants (MassCPAs) announced that Arthur Marshall, CPA, MBA, was elected to serve a third year on its Board of Directors for its 2023-24 fiscal year, which began May 1. Marshall, a Hopkinton resident, is a partner...

Arthur Marshall
Key Storage 4.14.22