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Business Report: Investment could help non-profit come up with new medicines; Paychex ups dividend

In the latest WXXI Business Report, Empire Discovery Institute, an non-profit integrated drug discovery and development accelerator, is getting a $63 million private equity investment to help come up with new medicines that could eventually be commercialized.

Plus, there are rumblings that the parent company of Bausch + Lomb is exploring a potential sale of its eye care business; and Paychex is increasing its dividend.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.