Stories From Our Region – Early September 2022

Major Developments Facilitate Greater Philadelphia’s Growth

Life sciences, technology, and manufacturing are three of the leading industries in Greater Philadelphia and recently announced major development projects continue to accelerate growth in these sectors.

Exelixis Inc. Partners with Brandywine Trust Realty to Develop East Coast Office

The California biotech company is targeting King of Prussia for its built-to-suit facility, citing the area’s convenient access to Greater Philadelphia and central New Jersey’s talent pool.

Regional Companies Partner to Develop $85 Million Cold Storage Facility in Philadelphia

The new cold storage facility in Port Richmond will be part of a […]

Philadelphia Region’s Ever-Expanding Cell and Gene Therapy Family Tree Featured in New Promotional Reel

An initiative launched more than three years ago to boost awareness of the region as a hub for cell and gene therapy is getting ready to unveil its latest effort to promote the fast-growing sector.

Called “Greater Philadelphia: Discovery Starts Here,” the 90-second graphic animation illustrates how more than a dozen companies have spun out of, or are licensing technology from, a handful of local research institutions. It is also available for download here.

Specifically, the video animation features five research institutions (The University of Pennsylvania, Children’s Hospital of Philadelphia, Jefferson Health, Temple University, and The Wistar […]

Stories From Our Region – July 2022

PIDC Seeks Biotech Campus Partner

Positioned on 40 acres of land within the Lower Schuylkill Innovation District, the project will offer up to one million square feet of manufacturing space and create a pivotal life science center in the heart of Greater Philadelphia.

Philadelphia Joins Bid to House The Advanced Research Project Agency for Health (ARPA-H) Headquarters

Over 80 regional leaders, including the Chamber, have come together to attract the multibillion-dollar new science agency to Philadelphia.

Industry-Leading Green Energy Startup Chooses New Castle County for Expansion

Versogen’s $4.8 million expansion includes moving […]

Stories From Our Region – June 2022

University of Pennsylvania Announces New Life Sciences Facility to Support Region’s Discovery

The 455,000-square-foot addition to the 23-acre site is anticipated to open in Q4 2025, providing speculative labs to accommodate life sciences companies and incubator startups.

New Navy Yard Plan Includes Transformations to Create a New Neighborhood in the City

Developers Mosaic Development Partners and Ensemble Real Estate Investments’ plan calls for 8.9 million square feet of residential, commercial, and retail space. Such transformation would bring about an estimated 12,000 new jobs to the Navy Yard.

Governor Wolf Announces GLG Expansion Into Region, Creating 250 High-Quality Jobs […]

Stories From Our Region – May 2022

New Select Greater Philadelphia Website Tells Companies and Talent: “Achieve Your Vision Here”

Select has launched a revamped website targeted toward companies, entrepreneurs, site-selectors, and talent interested in the 11-county Greater Philadelphia region’s location and opportunities. The site’s resources include an interactive regional map, along with property and job search tools.

Greater Philadelphia’s Venture Capital Investments Grow More in Q1 than All Other U.S. Metros

The region saw a 71% increase in startup funding over the first three months of 2022, the largest first-quarter growth experienced by any major metro in the country this year.

The Thriving Life […]

Stories From Our Region – April 2022

Regional Leaders Praise Greater Philadelphia’s Culture, Cuisine, and Quality of Life

Greater Philadelphia’s leaders highlight our region’s strengths to make a case for why Life sciences companies should consider relocating here to achieve their vision.

Join the Chamber for a dynamic event that will bring leaders together to explore developments impacting our region’s life sciences market.

Incyte’s New 200,000-Square-Foot Building Will Bring More Workers to Wilmington Headquarters

The new 200,000-square-foot research building, featuring four floors of lab space, will house over 440 research and clinical development employees.

PHL to Kick Off First Phase of […]

Stories From Our Region – March 2022

Gattuso and Drexel to Build Life Science Research Lab Facility

Gattuso Development Partners has partnered with Drexel University to build Philadelphia’s largest life sciences research and laboratory building.

Oxford Properties Group and Ensemble/Mosaic to Develop Life Sciences Hub

Oxford Properties Group and Ensemble/Mosaic have partnered to develop a life sciences hub in Philadelphia’s Navy Yard.

Achilles Therapeutics Leases 7,000 SF Lab Space

Clinical-stage biopharmaceutical company, Achilles Therapeutics, has leased a lab space at 401 North Broad.

Three New Research Projects Under Way by ChristianaCare and The Wistar Institute

ChristianaCare and The Wistar Institute to […]

Stories From Our Region – February 2022

Medaglio to Direct Chamber’s Business Attraction & Expansion Efforts

The Chamber names James Medaglio as Director, Business Attraction & Expansion focusing on identifying, engaging, and assisting companies looking to relocate or expand in the Greater Philadelphia region.

ChristianaCare to Acquire Crozer Health from Prospect Medical Holdings

ChristianaCare signed a letter of intent to acquire Crozer Health from Prospect Medical Holdings, a change in ownership that will increase access to care and health equity.

The Wistar Institute Received A $250K Federal Grant to Strengthen Life Sciences Workforce

Philadelphia’s Wistar Institute is one of […]

Stories From Our Region – January 2022

Surge in Life Sciences Investment in Region Continues

The Greater Philadelphia region saw more than $12 billion invested in the life sciences sector in 2021.

Philadelphia Industrial Market Closes Out Another Record Year

Two year-end acquisitions totaling $45 million contributed to another record year in industrial sales for the region.

Record Construction Activity For Philadelphia

The Department of Licenses and Inspections has issued permit approvals likely to result in the construction of roughly triple the number of the average total per typical year.

Velocity Venture Partners Makes $32 Million Purchase in South […]

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. […]

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