Business and Technology News

Business, Life Sciences, and Technology News

An opioid that Avenue Therapeutics reformulated for treating post-surgical pain in hospital settings has been rejected by the FDA due to safety concerns. The Avenue (NASDAQ: ATXI) drug is an intravenous formulation of tramadol, an opioid that first reached the US market 25 years ago in pill form. Now New York-based Avenue is trying to […]

The first generation of CRISPR-based therapies showed how the technology can edit DNA, making genetic fixes to unwanted mutations. But those treatments use the CRISPR system as scientists found it in nature, which means it still has limitations when applied to humans, says Benjamin Oakes, CEO of Scribe Therapeutics. Scribe aims to develop gene-editing therapies […]

Scientists at microbiome therapy developers often talk about the importance of community, how the bugs in our gut act in concert in addition to their individual roles. That’s important for microbiome health and for microbe-based therapies, says Emily Drabant Conley, CEO of startup Federation Bio. Conley’s company is developing therapies that build on the understanding of […]

[Updated 10/1/2020. See below.] Genfit is halting all work on its lead drug in the fatty liver disorder nonalcoholic steatohepatitis (NASH) and implementing a corporate restructuring that will cut 40 percent of its staff, splitting the remaining workforce into two distinct business units. The announcement after the market close on Wednesday follows the May failure […]

Section Page news and features from Crain's New York Business

MoCaFi, a Harlem-based digital banking company, now has the backing of both Citigroup and Mastercard in its mission to close the racial wealth gap.  The fintech startup has closed a $12 million...

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New York City is restarting $17 billion in construction projects, Mayor Bill de Blasio announced Monday. “We are going to get fully back to work with a host of major construction projects, capital...

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Gov. Andrew Cuomo acknowledged for the first time Sunday that some of his behavior with women "may have been insensitive or too personal,” and said he would cooperate with a sexual harassment...

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President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this week when two of his top regulator picks face questions from Senate Banking Committee members at a...

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There are signs that things are beginning to shift in the city. In addition to the hastening of spring, felt in the uptick in temperatures last week, New York is taking baby steps toward a greater...

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Morgan Lydon was frustrated. The Compass agent had moved from New York to Florida in the spring after realizing that quarantining with a golden retriever in a small apartment wouldn't be practical,...

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The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Artificial intelligence may help doctors make more accurate readings of CT scans used to screen for lung cancer.

The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories.

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

The price was relatively small, but the deal may have a big impact on the race between the United States and China to build more powerful computers.