‘Dormant’ biotech wakes up on Alzheimer’s fast track

By GREGORY ZELLER // A pre-clinical-stage biopharmaceutical company is being fast-tracked toward a potential Alzheimer’s treatment, after taking a decidedly slow road. Stony Brook-based Avanti Biosciences Inc. actually launched in 2009, but was “dormant for a few years,” according to founder Gian Luca Araldi, “kind of an empty shell.” It was only in the last two years, when “I had some ideas I wanted to develop on my own,” that Araldi – a former senior…

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Stuff we’re thinking about going to

Sept. 27 Healthcare Capital Forum 8-11 a.m., RXR Center, Melville The Long Island Capital Alliance hosts is Healthcare Capital Forum and networking breakfast. Admission is free for LICA members, event sponsors and their guests. Ticket prices, sponsorship opportunities, registration and more information. Sept. 27 Let’s Imagine: Learning from the Leaders of the Imagine Awards 8-11 a.m., Carlyle at the Palace, Plainview Join the winners of the 2017 Long Island Imagine Awards for an informative breakfast…

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Construction employment takes a summer hit

The number of private sector jobs on Long Island increased by 5,600 in the year ending in August, a 0.5 percent increase to 1,157,400 positions. By comparison, the state’s year over year private sector growth rate was 1.8 percent and the nation’s was 1.7 percent. In a separate measure, Long Island’s private sector job count decreased by 9,200 between July and August, compared to an average loss of 1,400. Construction had a surprisingly weak month,…

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