Business Roundup: Concussion therepeutics research, Regional institute goes national, Growing pharma benefits business, and product launches

by beth on July 2, 2020

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This week, two Southborough based businesses issued announcements. It prompted me to roundup some more business related news I missed this spring.

Here’s what a few of the businesses based in town have been up to lately.

NeurAegis Announces Publication of Preclinical Animal Data Supporting Calpain-2 as a Promising Therapeutic Target for Concussion – PRNewswire:

July 1, 2020 – NeurAegis, Inc., a neuropharmaceutical company pioneering the development of breakthrough treatments for neurological disorders, today announced the publication of a paper titled “Calpain-2 as a therapeutic target in repeated concussion-induced neuropathy and behavioral impairment” in Science Advances. The studies reported in the publication were performed in the laboratory of NeurAegis’ scientific founder, Dr. Michel Baudry, at Western University of Health Sciences, Pomona, CA, where the neurodegenerative role of the protease calpain-2 in repeated concussions was investigated. These studies lend further scientific rationale for the Company’s focus on developing novel calpain-2 inhibitors as therapeutic agents for concussion. (read more)

NEFI Is Now the National Energy & Fuels InstitutePRNewswire:

July 1, 2020 – A single voice for renewable liquid heating fuel, at a moment when it is most needed

NEFI, the trade association formerly known as the New England Fuel Institute, has changed its name to the National Energy & Fuels Institute. The new name formalizes the organization’s mission and longtime leadership role as an advocate for liquid heating fuel providers in Washington, DC and throughout the country.

“NEFI has served these mostly small Main Street family businesses since it was founded in 1942, and that will never change,” said President & CEO Sean Cota. “What has changed is the essential role they play in the clean-energy economy; and their need for a single, unified national voice to promote their interests.” (read more)

RxAdvance is the big little player in pharmacy benefits managementWorcester Business Journal:

Earlier this spring, the company announced it was expanding its office footprint in Southborough. Now, it’s getting coverage for its business growth.

June 17, 2020 – Southborough’s RxAdvance is a smaller player in an industry dominated by giants like CVS’ Caremark or Express Scripts.
It was RxAdvance, however, that landed a giant itself this spring: Amazon.

The behemoth dominating the online retail world chose RxAdvance to be its pharmacy benefits manager for a subset of their employees working in select states. (read more)

Meanwhile, coverage by the Boston Globe indicates that in April the pandemic did slow the hiring expansion that was announced by the company this spring:

 RxAdvance, a pharmacy benefits manager, is sticking to ambitious hiring goals. Chief executive Ravi Ika said he plans to double his office space and staff in Southborough by mid-2021, adding roughly 250 jobs to the 200 people based there now. For now, Ika put the final steps in the hiring process on hold, until face-to-face meetings with candidates can be arranged; he has always met new hires in person in the past. But he said he may decide to move ahead with some offers this month anyway to avoid losing good candidates.

As of today, the company is recruiting for “customer service, case management, operations, claims processing, compliance and IT personnel at all levels.”

Cable Matters launches product and announces certified “Works With” products PRNewswire:

This spring, the Southborough based company issued three news releases. 

Cable Matters Launches Its First All-in-One Thunderbolt™ 3 and USB-C® Docking Station

May 5, 2020 – New docking station seamlessly switches between Thunderbolt 3 and USB-C modes

Cable Matters®, an industry-leading supplier of connectivity solutions, today launched a new all-in-one Thunderbolt™ 3 and USB-C® docking station, solving a costly compatibility problem in the docking station market. The new Cable Matters Thunderbolt 3 Docking Station with Dual 4K DisplayPort™ & 60W Power Delivery takes advantage of a dedicated chipset to seamlessly switch between full Thunderbolt 3 mode and USB-C mode depending on the capability of the host device. (read more)

Cable Matters ‘Made for Google’ Certified Product Debuts on Google Store

Mar 3, 2020 – Cable Matters®, an industry-leading supplier of connectivity solutions, announced the availability of its new Pro Series USB-C® Multiport Adapter on the Google Store. The Google Store placement follows rounds of rigorous product testing in the “Made for Google” program. (read more)

Cable Matters Works With Chromebook-Certified Products Now Available

Mar 17, 2020 – Cable Matters®, an industry-leading supplier of connectivity solutions, announced its participation in Google’s new Works With Chromebook Program. A full line of USB-C® cables and adapters certified to work with Chromebooks are now available on cablematters.com. (read more)

(logos from companies’ websites and social media)

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