News

IT April 1, 2015

Army exercises Comtech contract extension

The U.S. Army re-upped for another year of services from Melville’s Comtech Telecommunications Corp., exercising almost $20 million in contracts covering engineering and satellite communications and use of hush-hush Comtech intellectual property. The full contract, which began last year, has a not-to-exceed value of $68.5 million. The work, unfortunately, will be performed by Comtech’s Maryland subsidiary, Comtech Mobile Datacom Corp. Comtech trades on the Nasdaq under the symbol CMTL. Shares are currently around $30, off…

Health, News April 1, 2015

In Long Beach, the art of medicine

BY GREGORY ZELLER Expect the “hospital without beds” coming soon to the site of the former Long Beach Medical Center to be a bastion of Long Island-based technology. While South Nassau Communities Hospital officials stress they’re in the earliest planning stages, the new Medical Arts Pavilion – to rise on the site of the defunct medical center, which was shuttered in 2012 by Hurricane Sandy – is likely to be stocked with state-of-the-art technologies, including…

Biotech April 1, 2015

SBU, Cold Spring and BNL win hub grant

A $3 million grant from the National Institutes of Health will help Long Island’s three premier biotech R&D facilities speed medical breakthroughs to market. The NIH announced April 8 that it was awarding Stony Brook University’s Center for Biotechnology a three-year grant to help establish the Long Island Bioscience Hub in collaboration with Cold Spring Harbor Laboratory and Brookhaven National Laboratory in Upton. The hub will look to turn biomedical discoveries made at the three…

Clean Energy March 29, 2015

DEBRIEF: Lee Cheatham, BNL’s prince of partnering

Go east, young man: While the bulk of his education and the entirety of his professional career have occurred in western locales, Lee Cheatham’s path has led him finally to Long Island. The director of Brookhaven National Laboratory’s new Strategic Partnerships Office packs a world-class education (B.S. from Oregon State, M.S. from Washington State, Ph.D. from Carnegie Mellon, all in electrical engineering) and abundant professional experience. Included: VP of product engineering for Ameritech Library Services,…

Startups March 24, 2015

Accelerate releases startups report

Accelerate Long Island released its much-anticipated technology startups report this week, taking the first comprehensive look at the region’s emerging innovation economy. Regional economic development officials have long supported technology as the anchor of a post-defense Long Island economy, but the effort has never fully taken hold. Now, with the Regional Economic Development Council at the fore, and with such new programs as the state’s Start-Up NY effort, the dream of a future Tech Island…

Biotech March 21, 2015

Lights back on, finally, at Bioscience Park

Biotech firm Codagenix, a fixture at Stony Brook’s technology incubator for the past three years, is moving to the Broad Hollow Bioscience Park at SUNY Farmingdale to qualify for the state’s Start-Up NY program. (Additional reason for the move: Robert Coleman, the Codagenix COO, is an assistant professor of biology at Farmingdale.) Codagenix uses proprietary software to genetically re-code viruses, which are then synthesized from scratch as treatment candidates – one is a promising flu…

Clean Energy March 21, 2015

Fuel bill clears Assembly committee

An Assembly bill voted out of committee last week would require all heating oil sold in New York State contain at least 2 percent biodiesel — that’s fuel derived from renewable agricultural products — by 2016. Long Island Assemblyman Steven Englebright, chair of the Committee on Environmental Conservation, said the bill would help improve air quality by cutting carbon dioxide and toxins emitted during the burning of traditional heating oil. Biofuel has been used in heating…

Health March 21, 2015

Hofstra, NS-LIJ nursing school unveiled

Hofstra University and the North Shore-LIJ Health System unveiled plans for a School of Graduate Nursing and Health Professions, with school officials saying the initial focus is on health care professionals already at work in the region. North Shore-LIJ spokesman Terry Lynam told Innovate-LI that the expectation is the student population of the new Hempstead school – jointly announced this week by Hofstra University and the ever-expanding health system – will be largely comprised of…

Biotech, Health March 17, 2015

Clinical trials for DepYMed

A joint venture between biotech stalwart Ohr Pharmaceutical and Cold Spring Harbor Laboratory is taking the fight to breast cancer – though a revolutionary treatment may still be a half-decade away at least. Cold Spring Harbor-based DepYMed, which incorporated just 10 months ago, is eyeing the first clinical trials of an enzyme inhibitor the company is proffering as a potential breakthrough for patients with HER2-positive breast cancer – a cancer that causes uncontrolled amplification in…

Henry Schein CEO Stanley Bergman as the firm joins the S&P 500 and is named to Forbes best companies list.

Health March 14, 2015

Health products giant Henry Schein added to S&P 500

Melville-based Henry Schein was added S&P 500 this week in recognition of the healthcare products distributor’s market capitalization, which now ranks among the 500 largest companies listed on the New York Stock Exchange or NASDAQ. The firm’s market capitalization was about $11.5 billion – the largest for a Long Island-based firm. Canon, whose U.S. operations are headquartered in Melville, has a $36 billion market capitalization while CA Technologies, which recently moved its headquarters to New York City but maintains…

Biotech March 11, 2015

Ryan, former Forest veep, named to CSHL post

Cold Spring Harbor Laboratory has added another major-league bat to its commercialization lineup. Charles Ryan, former senior vice president and chief intellectual property counsel at Forest Laboratories, is CSHL’s new general counsel, bringing a wealth of experience in patent law and partnering agreements to the cutting-edge R&D facility. “I’m very excited about this opportunity,” Ryan told Innovate-LI. “Long Island is an incredible place to do science and to do business, and there’s no place on…

« 1 … 116 117 118