Watertown Life Sciences Company Gets $20 Million in Investments

The following information was provided by Lyndra Therapeutics:

Lyndra Therapeutics Inc. of Watertown raised $20.3 million from seven investors as part of an offering of equity and option securities, according to a Form D dated June 7. Total amount of the offering is just over $179 million. Last month Lyndra announced it has dosed the first participant in its pivotal clinical trial investigating oral weekly risperidone (LYN-005) for the treatment of schizophrenia and schizoaffective disorder. This is Lyndra’s lead drug candidate.  

The investigational oral weekly risperidone is a unique “long-acting oral therapy” powered by Lyndra’s LYNXTM drug delivery platform, which delivers a week’s worth of medication in one oral capsule.

Seven Watertown Companies Receive Tax Incentives from State to Create Jobs

Seven companies from Watertown received part of the $24.4 million being awarded by the state to create new jobs in the life sciences industry. The Healey-Driscoll Administration and Massachusetts Life Sciences Center (MLSC) announced the MLSC Tax Incentive Program program last week. It will provide incentives for 43 life sciences companies, which are expected to create 1,584 jobs, according to the program’s announcement. The Watertown companies will received between $150,000 and $750,000 in tax incentives and will create a combined 140 jobs. The Watertown companies receiving the incentives are:

AffiniT Thereapeutics, $375,000, 25 jobs

Corner Therapeutics Inc., $150,000, 10 jobs

Disc Medicine Inc., $150,000, 10 jobs

Enanta Pharmaceuticals Inc., $150,000, 10 jobs

Lyra Therapeutics Inc. $300,000, 20 jobs

Tome Biosciences Inc., $750,000, 50 jobs

Treeline Biosciences Inc., $225,000, 15 jobs.

Watertown Business Parking Passes Available Soon at City Hall

The City of Watertown provided the following information:

Business Parking Passes for July 2023 through September 2023 are available in the Treasurer/Collectors Office at Watertown City Hall, 149 Main Street starting on Tuesday, June 20, 2023 at 9:00 a.m.

ALL passes will require business information, including proof of employment, a valid driver’s license, and vehicle registration. Payment is accepted through cash, check, or money order. NOTE: The parking passes are only valid for the vehicle registered with your pass and only for use in that specific parking lot. Purchasing a Business Parking Pass is first come, first served. There is a limit of 2 Passes Per Business at $120 Per Pass.

Charles River Chamber’s Women Impact Network Meeting in Watertown

The following announcement was provided by the Charles River Chamber:

Build relationships with chamber colleagues while enjoying some of the finest restaurants in our communities! Our popular networking lunch series moves to Taffer’s Tavern at Watertown’s Arsenal Yards. Arrive by 11:30 a.m. for casual networking before being seated for lunch noon to 1 p.m.Select your entrée from the following signature items on the registration screen. Your $30 event fee will cover two-course lunch, and gratuity – 100% goes directly to Taffer’s. Please note we are unable to accommodate special menu requests or modifications

Open to chamber members and future members who have not previously attended a luncheon and are interested in learning more about the chamber’s Women’s Impact Network. Advanced registration is required and space is limited.

Celebrate Small Business Month With the WBC, Hear Immigrants’ Stories

The following information was provided by the Watertown Business Coaltion:

For our next WBC Event we turn our focus back to East End. It’s National Small Business Month and we’d like to celebrate those who have come from another country to make an impact in our community by creating culture through a long-standing business. East End businesses & patrons of local business … we’d love to see you there!!! WBC Coffee ConnectWednesday, May 17th @ 8:30AMArmenian Cultural & Educational Center80 Bigelow Ave, Watertown, MA 02472

RSVP HERE!!! At our May event and learn about two multi-generational family businesses in the East End.

Life Science Reps Discuss Development Cycle of Biotech Companies at WBC Event

Four representatives from life science companies in Watertown appeared on the 3rd Annual WBC Life Science Panel (Screenshot from WCA-TV video). The panel was moderated by Merle Kummer of CoLAB. The Watertown Business Coalition’s third annual Life Science Panel featured four people who work at local biotech companies, each of which is at a different stage in its pharmaceutical development. The event took place at the Mosesian Center for the Arts on April 25. Attendees learned that there are 63 life science companies right in Watertown, and that they think being here helps their companies, said WBC Co-President Doug Orifice.

Future of Life Science Industry to be Discussed by Panel at Chamber’s Virtual Event

The Charles River Regional Chamber will host a virtual panel discussion focusing on the future of the life science sector in the area, development and more. “The Value of Life Science Development and Future Impact,” will take place on Thursday, April 13, from 11 a.m. to noon via Zoom. The event is free and open to members & nonmembers. The Chamber provided the following description:

There’s been plenty of worrisome headlines about the fate of Greater Boston’s life science sector. An oversaturated real estate market? Declining stock values and IPOs?

REMINDER: Hear About Proposed Project on Cannistraro Site in West Watertown

Broder/CBTAn illustration of the potential designs for a project at Pleasant Street and Rosedale Avenue, which would include a life science building, a garage and retail space. The developers of the proposed project on the Cannistraro site on Rosedale Road will hold a community meeting on March 20. The project includes multiple life science lab buildings and a garage on the Westside property. Click here to see the documents submitted to the Planning Department (scroll down to Click Here for Applications, Reports, Plans, and other project documents). Dear Community Member:

Please join Broder (www.broder.com) for a presentation of its plans to redevelop the site at 275 & 313 Pleasant Street, 80 Rosedale Road, and 60 Acton Street.