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The Chamber’s FY23 Pennsylvania Budget Summary Includes Grants to Support Select Greater Philadelphia’s Business Attraction Efforts

This session in Harrisburg, the Chamber of Commerce for Greater Philadelphia (the Chamber) successfully advocated for a cut in the Corporate Net Income Tax rate, additional funding for schools, economic development funding for business attraction, and an increase in the R&D tax credit, among other issues. Notably, Select Greater Philadelphia will receive grants to market the region for business attraction. Learn more and view the full summary below.

The Chamber of Commerce for Greater Philadelphia FY23 Pennsylvania Budget […]

July 14th, 2022|Investments, Livability, Our News|0 Comments
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Surge in Life Sciences Investment in Region Continues: 2021 Total Exceeded $12 Billion

The life sciences sector in Greater Philadelphia benefited from robust investment in 2021. The 11-county area of Southeastern Pennsylvania, northern Delaware and southern New Jersey combined saw more than $12 billion invested, according to biopharma database company DealForma. The $12 billion tally included more than $3 billion for cell and gene therapy. Investment deals ranged from Series A rounds through IPOs. Among the technologies funded were biologics, cell and gene therapy, small molecules, as well as medical device and digital health, including artificial intelligence.

Reflected in the DealForma data were eight IPOs with a combined value of more than $750 million. […]

January 25th, 2022|Cell and Gene Therapy, Innovation, Investments, Life Sciences, Real Estate, Regional News Roundup|0 Comments
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CEO of Comcast-IBC joint venture Quil discusses beta testing its next product and ‘hiring like crazy’

The digital health joint venture formed by Comcast Corp. and Independence Blue Cross is set to launch its second product early next year.

Article from Philadelphia Business Journal 

September 29th, 2021|Innovation, Investments, Livability, Regional News Roundup, Technology|0 Comments
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Philadelphia’s startup ecosystem climbs 15 spots into the top 30 worldwide, report says

Philadelphia’s startup scene is ranked amongst the best-performing in the world according to Startup Genome.

Article from Philadelphia Business Journal 

September 22nd, 2021|Advanced Manufacturing, Cell and Gene Therapy, Financial Services, Innovation, Investments, Life Sciences, Regional News Roundup, Technology|0 Comments
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Penn Medicine Awarded $6 Million to Advance Understanding of Human Genome Function in Health and Disease

Penn Medicine is one of 30 sites chosen by the National Institute of Health to serve as an Impact of Genomic Variation on Function investigator.

Article from Penn Medicine

September 16th, 2021|Cell and Gene Therapy, Investments, Largest Employers, Life Sciences, Regional News Roundup|Comments Off on Penn Medicine Awarded $6 Million to Advance Understanding of Human Genome Function in Health and Disease
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Can­cer gi­ant Roche splash­es in­to cell ther­a­py with $3B+ Adap­ti­m­mune deal for off-the-shelf drugs

Roche’s Genetech has signed a deal to partner with Adaptimmune on off-the-shelf T cell therapies.

Article from Endpoints News

September 10th, 2021|Cell and Gene Therapy, Investments, Regional News Roundup|Comments Off on Can­cer gi­ant Roche splash­es in­to cell ther­a­py with $3B+ Adap­ti­m­mune deal for off-the-shelf drugs
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Penn spinout led by veteran pharma execs emerges from stealth mode, raises $50M to advance gene-editing technology

Director of the University of Pennsylvania’s gene therapy program, Dr. James Wilson, has formed a company specializing in gene editing.

Article from Philadelphia Business Journal

September 9th, 2021|Cell and Gene Therapy, Innovation, Investments, Regional News Roundup|Comments Off on Penn spinout led by veteran pharma execs emerges from stealth mode, raises $50M to advance gene-editing technology
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