Archus Orthopedics, a Redmond company developing reconstructive implants for spine disorders, has “substantially” reduced its headcount and scaled back operations, according to Chairman and CEO Jim Fitzsimmons.

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The Greater Philadelphia life sciences sector ranked first in the “current impact” category, and second overall, in a biotechnology industry study conducted by the Milken Institute and presented Tuesday at the Biotechnology Industry Organization’s annual meeting in Atlanta.

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Facebook rejected a $200 million venture capital round that would have pegged the company’s valuation at $8 billion, TechCrunch reports.

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The Kansas Bioscience Authority approved roughly $11.1 million in investments Tuesday as part of its strategy to boost the state’s life sciences industry.

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The Raleigh-Durham area ranks fifth in a new Milken Institute study comparing the 11 leading life sciences clusters in the United States.

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Metro Atlanta and Georgia firefighters face some significant challenges due to the recession, according to a survey sponsored by Fireman’s Fund Insurance Co. and conducted by Ipsos Public Affairs.

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A number of representatives of the Triad’s biotechnology industry are in Atlanta this week taking part in the Biotechnology Industry Organization or BIO 2009 Annual International Convention.

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Maximus has won a $10.4 million renewal contract from the Social Security Administration for program data operation services. (MMS)

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SumTotal Systems Inc. said Tuesday it has amended an earlier merger agreement with affiliates of Accel-KKR, a technology-focused private equity firm. (SUMT)

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Randolph Hospital has applied with state regulators to buy a second MRI scanner.

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