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RUBIUS THERAPEUTICS reported a $26.4 million loss for the third quarter. The company does not yet generate revenue.

Rubius reports $26.4M loss for Q3

PROVIDENCE – Cambridge, Mass.-headquartered Rubius Therapeutics Inc. announced a $26.4 million net loss for the third quarter of 2018 Tuesday. The company reported an...

Rubius Therapeutics enters agreement to buy former Alexion site in Smithfield

SMITHFIELD – Rubius Therapeutics Inc., the Cambridge, Mass.-based company recently approved by the R.I. Commerce Corp. for up to $9 million in incentives to...

Smart incentives help seal deal

Certainly it was good news when Rubius Therapeutics Inc. announced its intention to open a pharmaceutical manufacturing facility in Rhode Island. It didn’t have to...
ALEXION PHARMACEUTICALS reported a 17 percent decline in profit for the 2017 third quarter as the company's expenses rose on restructuring and its cost of sales. Above, the Alexion manufacturing facility in Smithfield, which the company remains committed to closing as part of its corporate restructuring. / COURTESY ALEXION

Alexion reports revenue up, profit down on restructuring costs

SMITHFIELD – New Haven, Conn.-based Alexion Pharmaceuticals Inc. reported a 17 percent year-over-year decline in net income for the 2017 third quarter to $78...
CLOSING OUT: ­Arnold Bromberg, right, co-owner of Benny’s, helps Karen Weihs of Tucson, Ariz., find an LED USB desk lamp. Benny’s recently announced it is closing all 31 stores in southern New England. / PBN FILE PHOTO/ ­MICHAEL SALERNO

Government can help, but businesses control job growth

In her weekly video address heading into Labor Day weekend, Gov. Gina M. Raimondo touted the significant job gains in the state since she...
THE ALEXION PHARMACEUTICALS manufacturing facility in Smithfield will close due to a corporate restructuring that includes moving the company's headquarters from New Haven to Boston. / COURTESY ALEXION PHARMACEUTICALS INC.

R.I. Alexion manufacturing facility to close in corporate restructuring

NEW HAVEN, Conn. – Alexion Pharmaceuticals Inc. will close its manufacturing facility in Smithfield, the company said Monday. In a release announcing a restructuring in...
A CORPORATE TAX CUT for New Haven, Conn.-based Alexion Pharmaceuticals was approved by the R.I. Economic Development Corporation Monday Night for the company's Smithfield location. / COURTESY ALEXION PHARMACEUTICALS

Alexion raided by Brazilian police in sales investigation

BRASILIA, Brazil - Alexion Pharmaceuticals Inc.’s Sao Paulo offices were raided by Brazilian authorities Monday as part of an investigation into the drugmaker’s sales...

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