News that Cortex officials plan to invest$5 million to renovate the Center for Emerging Technologies and re-brand it as the CIC@CET (Cambridge Innovation Center at the Center for Emerging Technologies) means the CIC is doubling down on its commitment to St. Louis.
The CIC in October signed a 15-year agreement to occupy more than 30,000 square feet of space on the second floor of the @4240 building, located in the heart of the Cortex innovation district in Midtown.
With the CIC now managing operations at the CET, the Cambridge, Massachusetts-based incubator is adding another 87,000 square feet to its St. Louis space, which will now total more than 110,000 square feet. It will use the added space to help accelerate startup companies.
Sigma-Aldrich Corp. acquired Cleveland-based Research Organics Inc. to expand the company’s buffer production capacity and increase its portfolio of pharmaceutical grade raw materials for the biopharmaceutical and diagnostic markets, the St. Louis Business Journal reports. Financial terms of the deal were not disclosed. ... Read More
Washington University in St. Louis spent $696 million on research and development in all fields in fiscal year 2010, putting the university at No. 19 in research and development spending on ... Read More
Express Scripts closed on its $29.1 billion acquisition of Medco Health Solutions today, the company announced shortly after 7 a.m. The deal creates the largest pharmacy benefits manager in the U.S., with about $100 billion in annual revenue. First announced in July 2011, the acquisition was approved by shareholders in December but was held up by antitrust concerns. ... Read More
Gov. Jay Nixon, St. Joseph city officials and officials with KCP&L today celebrated a ribbon-cutting ceremony marking the completion of a renewable energy project at the City of St. Joseph landfill. ... Read More
Trade & Industry Development has announced its 7th Annual CiCi (Corporate Investment & Community Impact) Awards. The 30 recipients of the 2012 CiCi Awards helped create 26,605 new jobs, retain 7,902 ... Read More
Hallmark Cards Inc. plans to close a subsidiary in Indiana and move work on the greeting card brand to Kansas City, The Kansas City Star reports. Hallmark acquired Sunrise Greetings in ... Read More
Zoltek Cos. is working with Magna Exteriors and Interiors, an operating unit of Magna International Inc., to develop low-cost carbon fiber sheet molding compounds for the automotive industry. Magna, based in ... Read More
Twin Creeks Technologies and Silicon Genesis’ thin wafering systems promise to return solar to its place in the alternative energy race. more ... Read More
Schaffhausen, Switzerland-based Tyco International Ltd. has agreed to spin off its Tyco Flow division to Minneapolis-based Pentair for $4.53 billion, Bloomberg reports. Tyco, which creates valves and other flow-control instruments, said ... Read More
St. Louis ranked seventh among 27 U.S. cities in a study of the least-costly locations to do business in the United States. KPMG LLP, an audit, tax and advisory firm, completed ... Read More