Albany Molecular Research Inc. is in line to receive another $1.5 million milestone payment from Bristol-Myers Squibb Co. (BMY)

Proteolix Inc., which focuses on the discovery and development of therapeutics that target protein degradation pathways in cancer and autoimmune diseases, said Monday it closed a third round of funding with $79 million.

GlycoMimetics Inc., which has developed an experimental drug to short-circuit painful sickle cell anemia flare-ups, started testing it in humans Aug. 28.

Two years after a sparkling initial public offering, Affymax Inc. is pouring all its resources and cash into upsetting Amgen Inc.’s monopoly in the dialysis market.

Employing about 5,600 people in Minnesota, Boston Scientific has two Twin Cities groups, in Arden Hills and Maple Grove, that focus on developing technologies used to diagnose and treat coronary artery disease, cardiac arrhythmias and heart failure.

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