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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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PHL Connects Region’s Life Sciences Ecosystem to the World

Accessibility is one of the attributes that make Greater Philadelphia a leading global life sciences ecosystem. James Tyrrell, chief revenue officer at Philadelphia International Airport (PHL), answered questions about how PHL contributes to the life sciences sector with a cold-storage facility, daily direct international service, and its location on the East Coast.

What are Philadelphia International Airport’s cold-storage capabilities?

American Airlines’ largest cold-storage facility is located at Philadelphia International Airport (PHL). This 25,000 square-foot facility dedicated specifically to pharmaceutical use includes 3,000 square feet that is refrigerated between 36 degrees and 43 degrees, and dedicated space with the capability to refrigerate cargo […]

December 21st, 2021|Infrastructure, Life Sciences, Real Estate, Regional News Roundup|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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INOVIO Doses First Participant in Phase 2 Trial for its DNA Vaccine Against Middle East Respiratory Syndrome (MERS), a Coronavirus Disease

A biotechnology company has announced the start of Phase 2 trial in the development of the first vaccine against MERS.

Article from PR Newswire

August 4th, 2021|Innovation, Life Sciences, Regional News Roundup|Comments Off on INOVIO Doses First Participant in Phase 2 Trial for its DNA Vaccine Against Middle East Respiratory Syndrome (MERS), a Coronavirus Disease
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Developer plans to transform Budd Co. site in Philadelphia into campus for life sciences manufacturing

The vacant 1.87-million-square-foot Budd Co. property in Philadelphia is receiving plans for redevelopment.

Article from Philadelphia Business Journal

July 25th, 2021|Life Sciences, Real Estate, Regional News Roundup|Comments Off on Developer plans to transform Budd Co. site in Philadelphia into campus for life sciences manufacturing
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