Entries by Sydney Stressman

The University of Pennsylvania Opening Opioid-Use Research Center

Penn Medicine received a five-year $8.9 million grant by the National Institute on Drug Abuse to create a center dedicated towards studying opioid-use disorders. The new Penn PET Addiction Center of Excellence will involve researchers from the University of Pennsylvania and Yale University’s PET Center and be the first of its kind to use “positron […]

New Amtrak Train Launching in 2021

Amtrak will introduce their new Acela Express train in 2021 throughout the Northeast Corridor. The trains were developed by the technology company, Alstom, which has a facility in New Castle, Delaware. One of the only prototypes of the Acela is in Delaware. The Acela will travel from Boston, MA to Washington, D.C. multiple times a […]

Local Medical Tech Company Receives National Recognition

Fortune Magazine named BioTelemetry, Inc., a medical technology company in Malvern, PA, one of the fastest-growing companies in 2019. “Being recognized on Fortune’s 100 Fastest-Growing Companies list is a testament to the incredible work we are doing to deliver our life-saving technology and help improve quality of care,” said Joseph H. Capper, President and Chief […]

Gene Therapy With Research Origins In Greater Philadelphia Approved By FDA to Treat Spinal Muscular Atrophy

The FDA approved of a gene therapy called Zolgensma that was developed by a team of researchers at the University of Pennsylvania to correct the genes that cause spinal muscle atrophy (SMA). SMA is caused by a mutation of a specific gene, SMN1, that affects nerve cells in the spinal cord. Zolgensma is a one-time […]

ExpressCells Announces First Close of Series A Financing

Philadelphia-based ExpressCells closed on its first series A funding in July. The genetic engineering company received $800,000 to build the commercial and operational infrastructure to sell its knock-in cell lines. “This will allow us to market our novel plasmid technology that will give scientists better cell models for drug discovery and other research purposes,” said […]

Why the Country’s Top Biotech Companies are Flocking to Philadelphia

Regional life sciences industry leaders shared their top reasons for choosing to operate in Greater Philadelphia at the Greater Philadelphia Life Sciences and Innovation Showcase in June. Bradley Campbell, president and chief operating officer of Amicus Therapeutics explained that his company now operates in Greater Philadelphia because it is where the first FDA-approved gene and […]

Roche Agrees to buy Spark Therapeutics for $4.3 billion

Roche Holding AG has agreed to purchase Spark Therapeutics Inc for $4.3 billion. Spark, which was founded by the Children’s Hospital of Philadelphia, will continue to operate in Philadelphia as an independence company under Roche. “With its worldwide reach and extensive resources, Roche will help us accelerate the development of more gene therapies for more […]

New South Philadelphia Offices Planned for California-based Iovance

The California-based Iovance Biotherapeutic is expanding to the Philadelphia Navy Yard in South Philadelphia to build a 136,000 square foot office, lab, and production facility. “We know there are certainly trained employees in the region who have worked in cell therapy and have deep roots in cell therapy,” said Maria Fardis, the president and chief […]

Philly’s biotech leaders pitched the city at Bio 2019 to CEOs and some even seemed impressed

The 2019 BIO International Convention attracted approximately 19,000 biotech professionals and companies throughout the world to Philadelphia. A number of regional life science industry leaders and potential prospecting companies united at the Greater Philadelphia Life Sciences and Innovation Showcase to speak about the biotech advancements happening here in our region. Speakers included: Dan Hilferty, CEO of Independence […]

The Next Boston? Cell and Gene Therapy Spark a Philly Building Boom

Years prior, Boston was notoriously known as the global hub for life sciences, but recently Greater Philadelphia has become a life sciences hotspot with more space and talent. Developers in Greater Philadelphia are experiencing a demand for office and lab space as life sciences companies move to the region. The founder and CEO of University […]