New Biotech Offering Targets $426B Rare Disease Market

The rare disease drug space is growing fast-and so is investor interest. With exclusivity, pricing power and major M&A moves, the rare disease space is getting interesting. This company has the science and the experience.

New England's shrimp industry is struggling, with fishermen catching few in 2025

PATRICK WHITTLE
September 15, 2025

PORTLAND, Maine (AP) -- There's an effort underway to bring New England shrimp back to seafood customers -- but fishermen have found few of the crustaceans, and the fishing industry that harvests them may face an even longer shutdown.

Fishermen have been under a moratorium on catching shrimp for more than a decade because of low population levels that scientists have attributed to climate change and warming oceans. The harvesters were allowed to catch a small number of shrimp this past winter as part of an industry-funded sampling and data collection program.

The fishermen didn't catch much though, and recent changes allow regulators to extend the moratorium for five years at a time instead of just one, Atlantic States Marine Fisheries Commission officials said Monday.

Regulators will meet in December to determine whether to extend the moratorium, said Chelsea Tuohy, a fishery management plan coordinator with the commission. Tuohy said it's possible regulators will "consider another winter sampling program."

However, the "continued poor condition of the northern shrimp stock has resulted in uncertainties in the future status of" the seafood, the commission said in documents earlier this year.

"Environmental conditions continue to be unfavorable for northern shrimp in the Gulf of Maine," the commission said.

Prior to the fishing moratorium, the New England shrimp fishing industry was based largely in Maine. Fishermen from Massachusetts and New Hampshire caught them as well. The delicate, pink crustaceans were a winter delicacy in the Northeast and elsewhere and they were one of the region's iconic seafood along with lobsters, cod and scallops.

Maine fishermen sometimes caught more than 10 million pounds (metric conversion) of the shrimp per year as recently as the early 2010s, but the catch cratered in 2013.

The regulatory commission approved new rules for the fishery this past spring that "recognize the influence of environmental conditions on stock productivity," the commission said in a May statement. The commission said it made the changes "in response to the continued poor condition of the northern shrimp stock."

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