Business briefs, Feb. 28
AT&T hiring in NC
CHARLOTTE – Thirty-one of 130 job openings that AT&T is hiring for in North Carolina are in the Triangle, the company announced Thursday.
The company is hiring for a mix of retail sales, technician and call center jobs. Sixty of the positions that the company is trying to fill in the state are new jobs..
In Durham, the company is looking to fill one existing information technology position and five existing retail jobs. In Chapel Hill, the company is hiring two new technicians.
The company said in the release that it has invested more than $1.6 billion in its wireless and wired networks in the state between 2011 and 2013.
Cempra loss grows in 4Q
CHAPEL HILL – The early-stage Chapel Hill-based drug development company Cempra Inc. reported a net loss of $16.8 million for the fourth quarter, up from a loss of $6.6 million in the previous quarter.
The company’s revenue was $2.1 million from a contract with Biomedical Advanced Research and Development Authority for the development of solithromycin to treat infections in pediatric populations and for the treatment of infections by bio-terror threat pathogens.
The company’s research and development expenses were up 257 percent to $15.7 million in the quarter primarily due to a phase three trial and for pre-clinical studies related to its work with BARDA.
For 2013, the company said its milestones included the signing of a license and development agreement to take solithromycin into the Japanese market with Toyama Chemical Ltd. The company received an up-front payment of $10 million through that deal, and coupld get up to $60 million in milestone payments.
The company was also awarded the contract with BARDA in the year that’s valued up to $58 million.
The company completed a public offering of stock that raised $54.2 million for the company after fees.