Share this article

print logo
Columns

The blow was both economic and spiritual, a combination all too familiar to a weary community . For many of us in Western New York, it is impossible to think of Dunkirk without seeing the smokestacks of the old power plant – operated for years by Niagara Mohawk – that dominate the city's waterfront. In the decades after World War II, the economic heyday of the little Ch…

Business

Athenex Inc. has received a $100 million investment from a New York City-based hedge fund that will support the Buffalo drug development company's operations and growth. The investment by Perceptive Advisors is a combination of $50 million in equity and $50 million in debt. "We are impressed by Athenex’s robust clinical stage product pipeline and its unique business mod…

Buffalo

A Hong Kong-based real estate and construction firm has completed its previously announced acquisition of the Conventus medical office building in downtown Buffalo, paying $122.45 million to developer Ciminelli Real Estate Corp., according to documents filed in the Erie County Clerk's Office. Seavest Core Buffalo Conventus, the new ownership group controlled by China's …

Business

Athenex Inc. and real estate developer Casilio Cos. won a package of tax breaks from the Erie County Industrial Development Agency to support an expansion project for the drugmaker's Newstead manufacturing facility. Buffalo-based Athenex wants to build an 8,000-square-foot addition to the current 18,500-square-foot production plant at 11342 Main St., which has been occupi…

Business

Athenex Inc. and real estate developer Casilio Cos. are seeking a package of county tax breaks to support a planned expansion of the drugmaker's Newstead manufacturing facility so it can continue to make small-batch medications. Buffalo-based Athenex wants to build an 8,000-square-foot addition to the current 18,500-square-foot production plant at 11342 Main St., which …