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🌱 Patch AM: How a Watertown biotech just landed $150 million in new funding

Happening soon: Arlington Electronics Recycling Event ♻️ on the Watertown Patch calendar

Saturday October 10th Patch AM (Patch graphic)

Hello Watertown! Here's our latest buzz. Let's get into it. ☀️

In today's newsletter:

  • How a Watertown biotech just landed $150 million in new funding
  • Why a Watertown robotics firm is central to rehab's high-tech future

Also on today's calendar: Arlington Electronics Recycling Event ♻️ and 10 more events.

Today's riddle: How do billboards talk? 🤔 (Answer below!)

Weather forecast:

  • Saturday: Sun through high clouds, with a high of 64 and low of 43 degrees.
  • Sunday: Increasing cloudiness, temps: high: 64, low: 55.
  • Monday: Some rain in the morning, with a high of 65 and low of 50 degrees.

📰 News we're reading

• Matchpoint Therapeutics raises $150m Series B (bioxconomy.com) — A Watertown-based biotech, Matchpoint Therapeutics, has raised a major $150 million Series B round to advance its lead autoimmune drug candidate, MPT-062, into clinical trials. The funding, led by Nextech Invest and Norwest with several other investors, will also support Matchpoint's broader pipeline and its existing research partnership with Novartis on novel inflammatory disease treatments.
   

• Rehabilitation Robots Market Forecast to Accelerate Toward 2035, Driven by Global Therapist Shortage (indexbox.io) — Watertown residents may be intrigued that Bionik Laboratories, based right in town, is highlighted as a key global player in the fast-growing rehabilitation robotics market projected to surge through 2035. A new IndexBox report outlines how aging populations, therapist shortages, and advances in exoskeleton and neuro-robotic technology are driving demand for devices like Bionik's InMotion rehab systems worldwide.
   

📸 Around Watertown

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💬 Chatter

What your neighbors are talking about on social media

  • Does anyone have a good electrician they can recommend?
    Looking for reliable and affordable service. Thank you! (Nextdoor Watertown East)
  • The Lodge at Historic Lewes posted a job opening for Dishwasher The Residence at Watertown Square in Watertown. Apply here.
  • Albertsons Company posted a job opening for Meat Manager in Cambridge. Apply here. You can search for other jobs near Watertown here.

🗞 Nearby News

Belmont

  • A Spot for Knitting and Coffee Opens on Brighton Street (belmontvoice.org)
  • Support LGBTQ+ People, Families and Friends (belmontvoice.org)
  • Uncharted territory: This CT man is looking to be a front-runner at the Hartford Marathon (courant.com)

Cambridge

  • Margaret Hamilton, who led a software team for NASA's Apollo program, dies at 90 (nbcnewyork.com)
  • The Friday Brief for October 9, 2026: A Banner Week for Acquisitions (contractpharma.com)

Somerville

  • Free Vaccine Clinics Scheduled Across Somerville (patch.com)

Ok Watertown! So now you're in the loop about what's happening today. Thanks for reading, and see you in your inbox next time! Oh -- and if you like what you're reading, invite a friend to Patch AM!

-- The Patch AM Team

P.S. The answer to today's riddle: "How do billboards talk?" — Sign language (Thank you Ellen S. for sending it in!)
Got a good riddle for PatchAM? Submit it here!

👉 Help make Patch AM better

We use a combination of real people and machines to tell you what's happening around town. Learn more about Patch AM.

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