The financing round, led by the Malaysian government, will help Mardil Medical complete the development of its first product and pursue regulatory approval in Europe, Asia, and Canada.
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It’s unclear what exactly the future holds for the property, but the new owner reportedly plans to disassemble the plant and will not reopen the paper mill.
Mayo Clinic plans to invest $3.5 billion in improvements to its facilities, but a broader initiative calls for the investment of public and private funds in an effort to boost economic development in Rochester.
Greg Fluet, who has served as interim CEO since November, takes the helm at a time when the company’s stock is struggling to meet Nasdaq’s minimum bid price requirements.
Associated Bank is reportedly alleged to have either knowingly helped to facilitate or been willfully indifferent to the Ponzi scheme, ignoring red flags of fraud and insolvency and violating the Bank Secrecy Act and anti-money laundering guidelines.
Designs on your genes.
Earlier this month, Wisconsin Governor Scott Walker scored a major victory when a federal appeals court upheld a state law.
South Carolina-based Comfortaire, which makes “adjustable air-supported sleep systems,” had revenues totaling $10.5 million in 2012.
HomeServices of America, which made a handful of acquisitions last year, plans to continue its growth with additional purchases.
The Bloomington-based firm, which has roughly doubled its staff almost every year since its founding, now intends to grow at a “more manageable pace.”
Others that made the list include The Saint Paul Hotel, Hotel Ivy, and The Westin Edina Galleria.
Minnetonka’s own Stuffie was one of the hits of the holidays.
A casual small-plates spot for diners who like to eat late.
Boston Scientific said Tuesday that its fourth-quarter earnings fell 44 percent—and that it will eliminate 900 to 1,000 positions this year in addition to previously announced cuts.
Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.
U.S. Bank says it has the rights to $5.3 million from the sale of a lender’s assets, but the federal government claims that it should receive the funds.