Menino details biotech company moves

July 10, 2008 12:31 PM E-mail| |Comments ()| Text size +

Boston Mayor Thomas M. Menino said today that several biotech companies are moving to Boston or expanding their operations in the city, helping it inch toward its goal of adding thousands of biotech jobs.

Paratek Pharmaceuticals Inc., a Boston drug development company, plans to move from the Leather District to the South Boston waterfront, relocating 65 workers and adding 50 more over the next couple years.

Cogito Health Inc., a health software company, and its affiliate Dimagi Inc., are moving from Cambridge to an unspecified location in Boston. The companies plan to move 10 jobs to Boston and hire another 10 workers.

Menino also touted the recent decision by Soadco/Klockner to open its United States headquarters in Boston, adding about a dozen jobs. Soadco's move was disclosed last month by Governor Deval Patrick.

The company is also scouting locations in the Boston area for a manufacturing plant that could potentially add another 130 jobs, city officials said.
(By Todd Wallack, Globe staff)

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