Durham Magazine Dec/Jan 2021

Page 81

durham inc.

IBM and The Climate Service, a leader in climate risk analytics for investors and businesses, recently announced a partnership to work with financial institutions and corporations to better measure risks associated with climate change. The companies are creating the TCS Climanomics software platform available via Red Hat OpenShift on IBM Cloud and are also working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on ClimateRelated Financial Disclosures (TCFD) framework. West & Woodall Real Estate celebrated the opening of its 12,000-square-foot office space that now houses all three of its companies – West & Woodall Residential, Pickett Sprouse and West & Woodall Property Management. The new office, located at 1901 Hillandale Rd., Ste. 100, in the former Duke Urgent Care space, provides agents easy access to I-85 as they work with clients throughout the greater Triangle area. “We wanted to stay in the same area as our previous office on Cole Mill Road,” said Bert Woodall, West & Woodall co-owner, broker and Realtor. “The fact that we get to do that, plus have the neighborhood feel of the new office, makes this the perfect base of operations for our growing company.”

Longfellow Real Estate Partners plans to convert more than 100,000 square feet of downtown office space at 300 Morris St. into state-of-the-art lab facilities to support the region’s growing life science community. “We are executing a strategic plan for Durham.ID that will serve top companies and research institutions in the region, and bring more jobs to an already dynamic market,” said Longfellow Partner Jessica Brock. Lab space is expected to be available as early as summer 2021.

ACQUISITIONS

TrialCard Incorporated acquired Colorado-based Canary Insights, a health care information management company that provides comprehensive subscription services for identifying and tracking changes to health plan policies and coverage. This will mark the fifth acquisition for TrialCard in the past two years. TrialCard plans to combine Canary Insights’ expertise within the medical device and diagnostics marketplace with Policy Reporter’s patented policy monitoring technology, which they acquired back in November 2019. “By joining forces with TrialCard and Policy Reporter, I am confident we will be able to create even more value for our loyal customers,” said Patty Telgener, Canary Insights’ cofounder, president and CEO. Bayer AG acquired Asklepios BioPharmaceutical Inc. in October. AskBio specializes in the research, development and manufacturing of gene therapies across various therapeutic areas. The acquisition

includes a state-of-the-art gene therapy technology platform and gene therapy manufacturing capabilities, which helps to offer new treatment options for many untreatable diseases, particularly genetic diseases caused by a single genetic defect. The partnership complements Bayer’s acquisition of BlueRock Therapeutics last year and will further advance Bayer’s efforts to create platforms with the potential to have an impact in multiple therapeutic areas. MBO Partners acquired MindSumo Inc., a hybrid crowdsourcing platform, in September. With a community of 500,000 millennials and Generation Zers, MindSumo allows users to submit solutions to online challenges for a chance to win money and recognition for their creative problem-solving skills. “MBO and MindSumo share a common vision centered around unlocking the creative potential of platform thinking to transform the future of how we create and deliver work outcomes,” said MindSumo’s Co-Founder Keaton Swett. MindSumo will operate a business within MBO, continuing to service its current client base and contracts.

IN OTHER NEWS

Shattuck Labs Inc., a clinicalstage biotech company that focuses on the treatment of cancer and autoimmune diseases, announced its closing on an upsized initial public offering on Oct. 14 at approximately $232.3 million, with shares priced at $17. Roughly 13 million shares of common stock were issued with underwriters having the opportunity to purchase an additional 1.7 million shares. Shares began trading on the Nasdaq Global Select Market on Oct. 9 under the ticker symbol “STTK.” IBM is accelerating its hybrid cloud growth strategy to drive digital transformation by separating the Managed Infrastructure Services unit of its Global Technology Services division into a new public company called “NewCo.” The separation is expected to come as a tax-free spinoff to IBM shareholders and be completed by the end of 2021. Solis Patterson Place, an apartment complex located at 1055 Stillwell Dr., changed its name to The Reserve at Patterson Place at the end of September.

December/january 2021

|

Durhammag.com

|

79