Latest news with #Marlborough-based
Boston Globe
5 days ago
- Health
- Boston Globe
FDA flags problems with two Boston Scientific heart devices tied to injuries and deaths
Defibrillators are surgically placed in the upper chest, where they monitor irregular heartbeats and use electrical shocks to jolt the heart back to normal. As of July 24, Marlborough-based Boston Scientific has reported 386 serious injuries and 16 deaths associated with this issue, the agency said. Ten of the deaths were judged to be due to the device failing to function properly, the company said in an email. Four were linked to attempts to surgically remove the devices from patients and two others were deemed unrelated to the implants. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Boston Scientific's wires were distributed between 2002 and 2021 and are no longer available, the company noted in its letter to doctors. Some patients will need to have the devices replaced, though physicians should weigh the risks of the removal procedure. Advertisement In a separate notice, the FDA said Boston Scientific recently updated instructions for implanting its Watchman device, which closes a portion of the heart's left atrium to reduce the risk of stroke. In a letter to physicians, the company noted that there is an increased risk of blockages in the bloodstream depending on the level of anesthesia for patients undergoing the initial implantation procedure. Watchman is an alternative to long-term treatment with blood thinners for patients at increased risk of stroke. Advertisement As of July 30, the company has reported 120 serious injuries and 17 deaths related to the issue, the FDA said. A company investigation concluded that the safety issue 'is not associated with the design or manufacture of any component of the Watchman system. Heart devices, including defibrillators and other implants, are Boston Scientific's largest business, making up two-thirds of its $5 billion in revenue for the most recent quarter. Shares of Boston Scientific Corp. fell nearly 1.8 percent Wednesday to close at $102.95 in trading.
Otago Daily Times
30-06-2025
- Business
- Otago Daily Times
Renewable fuel company folds owing nearly $3.5m
Christchurch-registered renewable fuel company NXT Fuels has folded owing nearly $3.5 million after shareholders refused to prop up another loss. The company was formed in October 2005, developing projects converting initially algae and then biomass feed stocks into bio-energy and carbon efficient products. Shareholders who had supported the company to continue operating finally had enough and brought in RC Restructuring insolvency practitioner Rhys Cain as a liquidator on June 16. He released an initial liquidation report to creditors and shareholders on June 24. Mr Cain said investment activity was wound down over the last few years and its only asset by the start of this year was an investment and funds held in its bank accounts. The company sold an investment in W2SV Limited in the period leading up to the company's liquidation, he said. NXT Fuels directors are Nicholas Gerritsen and Roger Gower. Among the top five shareholders are Pure Power Global Limited with a 14% stake, Rutherford Innovation Holdings Limited (12%), the estate of Peter Barrie Leay (10%), Montreal Trustees 2017 Limited & Mr Gerritsen (9%) and former Christchurch mayor from 1989 to 1998 Vicki Buck and Lindsay Lloyd (6%). Mr Cain said the company had been relying on investment from shareholders to fund ongoing operations through loans and convertible notes. ''The shareholders decided that they didn't wish to invest further funds in the company and decided to appoint a liquidator to wind the company up. An investigation into the company will be carried out to determine if there are any other assets of which we are not currently aware, and if there are, any other potential avenues for recoveries.'' The liquidator is not expecting to receive a preferential claim from Inland Revenue, or other parties. Mr Cain said it was too early to indicate if funds would be available for unsecured creditors. Listed assets so far include $18,030 in a bank account against a total shortfall to creditors of $3,497,977. On its website NXT Fuels said the company was established to focus on the conversion of biomass feed stocks to energy and carbon efficient products. Pioneering work in projects and collaborations was initially made with Boeing, UOP, GTI, and Shell Renewables. The website pointed to W2SV, described as committed to transforming the future through the innovative use of biochar, turning waste streams into valuable bio-goods. Biochar is a carbon-rich material with the ''power'' to sequester carbon, improve soil health, reduce waste, and purify water. In a 2024 annual report NXT Fuels made a loss of just under $379,000 for the year to March on the back of another loss in 2023. The company disclosed it was not generating revenue after searching for investment opportunities the past few years. Unsecured advances of $335,325 were made by directors and shareholders including just over $189,000 by Mr Gerritsen. NXT Fuels was formerly known as Aquaflow Bionomic Corporation, a Marlborough-based biofuel developer. In 2006 it announced itself as the first in the world to commercially produce bio-diesel fuel from algae sourced from Marlborough sewerage ponds.
Yahoo
13-06-2025
- Business
- Yahoo
BJ's Wholesale Club says it will open Springfield location later this year
SPRINGFIELD — BJ's Wholesale Club announced this week it plans to open its location along Boston Road this winter, according to a page on its website and a statement issued Friday morning. The Marlborough-based retailer said the Springfield site will be the first time in 13 years it is opening a new location in Massachusetts. Once opened, BJ's Wholesale said the location — that will include a gas station — will employ between 100 to 150 people and also conduct weekly donations to the Food Bank of Western Massachusetts. The new store at 1655 Boston Road is at the former site of the Eastfield Mall, which was demolished last year. The property is being redeveloped by Onyx Partners into Springfield Crossing, a development that advertising materials have said include Hobby Lobby and Target stores. BJ's Wholesale operates 25 locations across the state, including a store in Chicopee. 'As we've become one of the largest companies based in Massachusetts, we're excited to continue growing in our own backyard — contributing to our communities and helping take care of the families who depend on us," BJ's Wholesale CEO and Chairman Bob Eddy said in a statement. BJ's Wholesale, which began in 1984, has 255 retail locations across 21 states, according to its statement, and it plans to open about 25 to 30 new stores in the next two fiscal years, which also includes expanding its presence into Texas. The retailer shared details about its Springfield location days after it told its investors it had 'a strong start' to its 2025 fiscal year in the first quarter —where income from membership fees increased 8.1%, compared to the same period last year, and it opened four gas stations and five new stores. Juneteenth Jubilee block party, family fun day returns to Springfield Hadley Asparagus Fest bumped to 2026 by weather, logistics Saturday concert in Northampton to aid Palestinian school Motorcyclist suffers serious injuries in West Springfield crash Read the original article on MassLive.
Yahoo
13-06-2025
- Business
- Yahoo
New BJ's Wholesale Club location coming to Springfield
SPRINGFIELD, Mass. (WWLP) – A new wholesale club will be opening a location in the Springfield area later this year. Springfield woman arrested for DUI, files false report after hitting trooper In a news release sent to 22News from a communications agency, a new BJ's Wholesale Club will be located at 1655 Boston Road, the site of Springfield Crossing, a new mall coming to Springfield. There is no specific date for the opening, however it is slated to open later this year. This new location will be the club's first new store in Massachusetts in 13 years. The new club will also create 100 to 150 new jobs, provide weekly food donations to The Food Bank of Western Massachusetts, and offer savings of up to 25 percent off grocery store prices to its members. Springfield Crossing is under construction with an expected cost $65-$85 million, and will bring stores like PetSmart, Hobby Lobby, and Skechers to the neighborhood. Developers have also included Chick-fil-A and Chipotle, all of which are confirmed for the site. BJ's is a Marlborough-based company that launched in Medford in 1984 and plans to open 25 to 30 new clubs over the next two fiscal years. 'For more than 40 years, BJ's has been delivering unbeatable value to families – and that all started right here in Massachusetts,' said Bob Eddy, Chairman and CEO, BJ's Wholesale Club. 'As we've become one of the largest companies based in Massachusetts, we're excited to continue growing in our backyard – contributing to our communities and helping take care of the families who depend on us.' WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
03-04-2025
- Business
- Yahoo
Anna Maria College in Paxton put on notice by acceditation panel
PAXTON — After an oversight commission questioned finances at Anna Maria College, the school has heightened its focus on cost-cutting and increasing its enrollment. Anna Maria, which has seen a drop in students in some areas in recent years, is readying for new leadership, with Sean Ryan, an administrator at Bellarmine University in Kentucky, due to replace Mary Lou Retelle in July. The school recently underwent a review of its finances by the New England Commission of Higher Education, an accreditation source. On March 6, the commission determined that Anna Maria is in danger of not meeting its Standard on Institutional Resources. In a joint statement by the commission and Anna Maria, the commission questioned whether changes made by the school "will be sufficient for the institution to return to financial stability and compliance with its debt service covenant." The meeting ended with an agreement that the commission would monitor the school's standing through spring 2026. "We will continue to work in partnership with NECHE concerning the Institutional Resources standard," Retelle, the outgoing Anna Maria president, said in a statement. "The strong work that has been conducted to address variables accentuated by the pandemic is ongoing. We continue to provide our students with a high-quality, service-focused education that advances the mission that has guided this institution for 79 years." Anna Maria in 2022 announced it was discontinuing three of its music majors. At the time, the college said efforts to boost the number of students had fallen short. In July 2024, Retelle, who became the head of Anna Maria in 2015, said that the current school year would be her last. She is retiring, she said. On March 6, the same day as the meeting of the New England Commission of Higher Education, the school announced that Ryan would be the new president. He is a senior vice president at Bellarmine, a school of about 3,000 students in Louisville. Earlier in his career, he was chief enrollment officer at Daniel Webster College in New Hampshire. The New England Commission of Higher Education accredits more than 200 schools that award degrees. Anna Maria's accreditation dates to 1955, not long after Sisters of Saint Anne, a Marlborough-based order, took over the 290-acre Paxton estate known as Mooracres. More: Graphics explain: How has college enrollment changed in the past decade? This article originally appeared on Telegram & Gazette: Anna Maria College put on notice by acceditation panel
