Business Briefs: Isto Biologics Announces Merger; Lykan Bioscience now RoslinCT

A bioscience firm headquartered on South Street recently announced a merger.

Isto Biologics, which bills itself as a “global leader in regenerative and autologous therapies,” has partnered with Advanced Biologics, a California company known commercially as Biologica Technologies.

The companies have worked together since 2020 before the merger, which became official in October.

“We are pleased to welcome the entire Advanced Biologics team to Isto Biologics,” Isto CEO Donald Brown said in a company press release. “This merger brings together the best of both companies’ expertise and shared commitment to helping patients heal faster.”

According to the press release, the merger will expand Isto’s growing portfolio of bone grafts and seamlessly integrate Advanced Biologics’ proprietary products alongside Influx, Isto’s respected line of cortical fiber allografts.

Lykan Bioscience now RoslinCT

Also on South Street, Lykan Bioscience is now known as RoslinCT. The companies entered into a business agreement in 2022 and then merged last June, prompted by global investment firm GHO Capital.

According to a press release, the company will be managed by Peter Coleman in the United Kingdom and Patrick Lucey in the United States.

“The newly created entity will offer a broad range of services, including process development, analytical testing, clinical and commercial cGMP manufacturing and cGMP iPSC cell line development, gene editing and differentiation,” the release continued. “These services will enable cell and gene therapy developers to advance their products through clinical trials and bring them to market.”

“We are excited about the integration of two leading organizations in the field of advanced cell and gene therapy, resulting in 22 cGMP processing suites, enhanced expertise, resources and transatlantic cGMP manufacturing capabilities to support the development and commercialization of advanced cell and gene therapies worldwide,” said Lucy, who served as Lyman’s president and CEO.

The announcement also states that the manufacturing facility located in Hopkinton will continue to operate under the RoslinCT brand, with plans to further expand capacity on both sides of the Atlantic to meet growing global demand for advanced manufacturing services of cells and gene therapy.

HCCCF supports Open Table

Open Table, a MetroWest charity dedicated to fighting hunger and building healthy communities, recently announced the receipt of a grant from the Hopkinton Country Club Charitable Foundation. The generous donation will support Open Table’s ongoing efforts to provide essential personal care items along with groceries and prepared meals to local families struggling with food insecurity.

Personal care items such as shampoo, toothpaste, laundry detergent, household cleaners and diapers are often overlooked necessities that can put a strain on already tight budgets. These items are expensive and not covered by public assistance programs like SNAP or WIC, making them financially out of reach for many families. A grant from the Hopkinton Country Club Charitable Foundation allows Open Table to bridge this gap, ensuring customers can maintain their dignity and create a healthy home environment.

Open Table CEO Alexandra DePallo emphasized the importance of the grant, saying, “Personal care items are essential to the well-being of our customers and their families. The generous support of the Hopkinton Country Club Charitable Foundation allows us to meet a basic need, creating a more holistic and dignified approach to fighting hunger. We are deeply grateful for their commitment to building healthier communities.”

Central One reinforces Baypath

In early December, Central One Federal Credit Union employees and their guests gathered for a special casino-themed holiday party. This year’s celebration was about more than enjoying the holiday together; it’s also about giving back. At the end of the evening, attendees redeemed their casino chips for raffle tickets, with 15 winners selecting a worthy 501(c)(3) organization to receive a $1,000 donation on behalf of Central One. Among the charities winners chose to receive a monetary donation from Central One was the Baypath Humane Society in Hopkinton.

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