Entries by Sydney Stressman

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 […]

Century Therapeutics raises $250M to fight cancer with adult stem cells

Century Therapeutics LLC, a Philadelphia-based biotech startup, received $250 million in venture financing to continue developing cellular therapy treatments for cancer. “I am grateful to have their experience to guide the development of our promising allogeneic cell therapies for cancers,” said one of Century’s co-founders, Osvaldo “Lalo” Flores. Article by the Philadelphia Inquirer

The University of the Sciences Launches Cannabis-Focused MBA Program

The University of the Sciences graduate students will be able to receive a Master of Business Administration (MBA) degree with a specialization in the cannabis industry starting this fall. While there are other universities in the country that offer courses on marijuana, this program will be the first-of-its-kind to focus on the commerce of cannabis, […]

Two Greater Philadelphia Companies Favored by Millennials

Two Greater Philadelphia companies were ranked on Fortune and Great Place to Work’s list of the “Best Large Workplaces for Millennials 2019.” To be considered, companies must have more than 50 millennial employees who were asked to respond to 60 survey questions. Comcast NBCUniversal, the Philadelphia-based global media and technology company, ranked 16 spots higher […]

North Carolina Airline Company Relocates to Greater Philadelphia

Eastern Air Lines is moving its headquarters from North Carolina to an approximately 18,000 square-foot space in Wayne, Pennsylvania. Earlier this year, Steve Harfst, the current President and CEO of Eastern Air Lines, said the relocation to Greater Philadelphia would better serve its future needs and business plans. The company currently has five planes, but […]