Business briefs

Feb. 11, 2014 @ 05:03 PM

Durham start-up Two Toasters looks to grow in 2014
DURHAM – Another Durham-based tech company is looking to grow this year: Two Toasters, a company that does contract development of mobile apps for companies like Airbnb and GateGuru.
The downtown Durham-based company currently employs 25 people, and is looking to double that number this year, said Sara Sundqvist, a spokeswoman for the company, in an email.
The total includes four people who work out of New York City, and one worker who is not full time.
The company is looking for iOS and Android developers, designers and interns, and quality control analysts. The company has current job openings posted on the website

NephroGenex debuts on NASDAQ
DURHAM – A Durham-based company working on kidney disease treatments was expecting to raise $37.2 million in its initial public offering of stock Tuesday.
NephroGenex priced its initial stock offering at $12 per share. The company planned to use the proceeds from the sale for clinical development of its oral treatment for kidney disease in people with type 2 diabetes.
According to regulatory filings, the company was looking to pay for a phase 3 clinical trial for the treatment, for work development an intravenous treatment version, for general corporate or administrative expenses.
The company’s stock was trading at $11.60 on Tuesday afternoon, which was down 3.33 percent from its opening price of $12. The company’s stock had traded for as high as $13 on the first day of trading on the NASDAQ.

UNC nursing facility proposal denied
DURHAM – UNC Health Care’s proposal to develop a 90-bed nursing home facility in the proposed Pittsboro-area Chatham Park development has been turned down in favor of another proposal.
In North Carolina, health care providers are prohibited by state law from acquiring, replacing or adding to their facilities except in certain circumstances without prior approval from a N.C. Department of Health and Human Services division.
The system was competing with four other applications for the right to develop the facility. According to a news release, UNC had applied to build a $10.9 million facility by November of 2015.
But another proposal for the Chatham County Rehabilitation Center by Liberty Healthcare & Rehabilitation Services, estimated to cost $15.7 million by October 2016 according to the release, was given conditional approval instead.
While it was turned down in that competition, the system did get conditional approval to develop a new hospice inpatient hospital in Chatham County that would have six inpatient beds and four hospice residential beds.
“We are disappointed and evaluating our options, but are very pleased about the (inpatient hospice) approval,” UNC said in a statement.