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Massachusetts’ biotech sector sees slower job growth in past year, report finds – The Boston Globe

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Massachusetts’ biotech sector sees slower job growth in past year, report finds – The Boston Globe


Massachusetts’ biopharmaceutical industry added fewer than 3,000 jobs last year, its smallest increase in total employment in seven years, according to a report Tuesday by the Massachusetts Biotechnology Council.

Despite economic headwinds and widely reported layoffs, the sector still added 2,943 jobs, said the annual “industry snapshot” by the trade group. The 2.6 percent increase raised the total number of biopharma employees to 116,937.

It was the smallest expansion since 2017, when the sector added 2,895 jobs, a 4.3 percent increase over the previous year’s total of 67,046 jobs.

Ben Bradford, MassBio’s head of external affairs, attributed the modest expansion to the makeup of the state’s biopharma sector.

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While 18 of the world’s 20 largest drugmakers have a presence in Massachusetts — including such pharmaceutical giants as Pfizer, Novartis, and Eli Lilly & Co. — the sector is “hugely comprised” of small, growing startups that aren’t making money yet and rely on venture capital to operate, he said.

Venture capital funding of startups in the state fell to $7.67 billion in 2023 from $8.72 billion in 2022, according to the report. In the first half of 2024, venture capital totaled $3.26 billion, down from $3.73 billion for the same period last year.

Still, biotechnology remains a driving force for the Massachusetts economy. The industry accounted for nearly 17 percent of job growth in the state, even though biopharma comprises only 3.7 percent of the workforce.

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In some ways, the sector has raised unrealistic expectations, given how it exploded in the early years of the pandemic. The state’s biopharmaceutical workforce grew by a staggering 22,383 employees from 2020 to 2021, or by nearly 27 percent, to 106,679 workers.

Likewise, venture funding skyrocketed early in the pandemic. In 2021, Massachusetts startups received an astonishing $13.66 billion in venture funding as exuberant investors disregarded the high failure rate in drug development and bet on buzzy technologies such as gene editing and messenger RNA vaccines.

Bradford said those years were outliers; the sector attracted many “generalist” investors who were enticed by the success of firms such as Moderna, the Cambridge-based maker of a leading COVID-19 vaccine. Moderna went from being unknown by most of the public to “being in global headlines on a daily basis,” he said.

Moderna, which was founded in 2010, now has 4,400 employees, making it the largest homegrown biopharma employer in Massachusetts and the second biggest overall, according to the report. The biggest employer is the Japanese drugmaker Takeda, which has 6,214 employees in Massachusetts, home to its US headquarters.

Although it remains a pillar of Massachusetts’ economy, the state’s biopharmaceutical sector has laid off thousands of workers in the past three years in what experts describe as one of the industry’s biggest shakeouts in decades.

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Takeda in May said it planned to lay off 641 employees in the state between July and next March.

Just last Friday, Tome Biosciences, a Watertown-based gene-editing startup, told state officials that it planned to lay off 131 employees — virtually its entire staff — after scaling back operations. The layoffs were a startling reversal for Tome, which spun out of MIT in 2021 and raised $213 million in venture capital in December.


Jonathan Saltzman can be reached at jonathan.saltzman@globe.com.





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Massachusetts

Massachusetts woman allegedly faked cancer death to avoid drunk driving, shoplifting charges

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Massachusetts woman allegedly faked cancer death to avoid drunk driving, shoplifting charges


A Massachusetts woman appeared in court on Tuesday, accused of faking her own cancer death in order to avoid having to face a judge for drunk driving and shoplifting charges.

Shannon Wilson shook her head in Plymouth District Court as prosecutors laid out the indictment against her.

“This is a defendant who was willing to fake her own death,” Plymouth County Assistant District Attorney Alex Zane said.

Wilson is charged with one count each of furnishing false identifying information, obstruction of justice, forgery, uttering of a public record, and failure to appear after release on bail.

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Woman accused of faking own death

Prosecutors said the 45-year-old woman orchestrated the scheme to evade cases from 2022-2023. The first came in 2022 when she was arrested on a charge of operating under the influence.

“And this is when she first raises that she has terminal brain cancer,” Zane said, adding that Wilson told a Hingham judge at the time that she was dying.

They argue that she did the same thing during an arraignment for a shoplifting charge in Plymouth.

Then, prosecutors said Wilson stopped appearing in court. Defense attorneys reported that Wilson was in hospice care as her condition deteriorated.

“And ultimately, the counsel representing the defendant gives the court a screen grab or a print out of a text message that he received from that number he’s been communicating with that he believes is the defendant’s family of a death certificate from Rhode Island saying that she had passed away,” Zane said, saying the claim that Wilson died happened in May 2023.

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Investigators looked at the grainy copy of the death certificate. The doctor whose signature was used, the hospice center listed, and the funeral home all had no record of Wilson’s death. Prosecutors determined the document was a fake.

Shannon Wilson appears in court on April 28, 2026.

CBS Boston


Shannon Wilson charged in Massachusetts

In August 2023, the person who previously posted Wilson’s $400 bail recovered the money after being informed she was dead. Several weeks later, prosecutors say Wilson showed up at the person’s house and allegedly admitted she had faked her death.

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Wilson allegedly also duped her ex-fiancé, who she lived with in a Plymouth home.

“He indicated a week or so after the Hingham matter was dismissed, he actually thought that she was dead,” Zane said.

Wilson’s defense attorney argued that she was not the architect of the plan.

“She’s not the one who made these phone calls. She’s not the one who prepared the document that Mr. Zane referred to and she’s not the individual who submitted that to the court,” defense attorney Josh Werner said. Werner did not say who he believes sent in the fake death certificate. 

Wilson pleaded not guilty and is being held on $50,000 bail.

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Massachusetts joins global conservation network IUCN

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Massachusetts joins global conservation network IUCN


Massachusetts and California are the first US states to become IUCN members.

BOSTON (WWLP) – The Healey-Driscoll Administration announced Massachusetts is now an official member of the International Union for Conservation of Nature (IUCN), a global network of more than 1,400 governments and organizations.

Massachusetts and California are the first U.S. states to become members of the IUCN, marking a significant step in the states’ environmental leadership. This milestone places Massachusetts within the world’s leading coalition focused on advancing the conservation of nature and addressing environmental challenges at a global scale.

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The IUCN membership strengthens Massachusetts’ commitment to biodiversity and climate action. It also builds on the state’s nation-leading Biodiversity Conservation Goals, which define a whole-of-government approach to rebuild biodiversity and invest in nature to sustain public health, well-being, food security and the economy.

“In Massachusetts, we are taking proactive steps to protect the natural resources people rely on, from clean water and open spaces to healthy wildlife,” said Governor Maura Healey. “Joining this global network puts Massachusetts at the table with leaders from around the world and gives us access to proven tools and practical solutions we can use here at home.” 

Massachusetts is home to many globally rare habitats and threatened species, including coastal shorebirds, sea turtles, whales, salamanders, and dragonflies. The state is known for its coastline, fishing communities, cranberry bogs, orchards, and mountain glens. These species and landscapes face growing pressures from climate change, such as flooding and drought.

By joining IUCN, the state will strengthen its ability to respond to these challenges. It will gain access to a global network of conservation expertise and resources. Massachusetts will also bring its own experience protecting and restoring species and their habitats to the international forum.

This partnership, led by the Department of Fish & Game for Massachusetts, will support ongoing work to protect and restore biodiversity and natural areas, build resilience and connect the state to broader international efforts.

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“As an IUCN member, Massachusetts is now part of a growing group of subnational governments who are contributing to crucial action on the ground, knowledge exchange, and progress towards achieving conservation targets of global significance,”  said IUCN Director General Dr Grethel Aguilar. 

The state’s membership in the IUCN aligns with investments proposed in Governor Healey’s Mass Ready Act. This act helps protect the state’s natural resources and prepares for extreme weather. The membership gives Massachusetts added support to better protect these resources and keep them accessible.

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