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. […]

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 […]

Stories From Our Region – December 2021

PHL Connects Region’s Life Sciences Ecosystem to the World

Philadelphia International Airport’s James Tyrrell shared how PHL contributes to the life sciences sector.

Spark Therapeutics Plans Gene Therapy Manufacturing Plant in University City Worth $575M

Spark announced the signing of a 99-year ground lease for its new 500,000-square-foot gene therapy manufacturing plant on Drexel University’s campus.

Recent Real Estate Transactions Across Our Region

Arts & Crafts Holdings obtains a $25 million construction loan and other regional companies sign leases for 20,000-square-foot facilities.

Philadelphia Is Among The “Rising Cities” Attracting Millions in Startup Funding

Startups in […]

Stories From Our Region – November 2021

People Are Talking about Greater Philadelphia

Global publications help amplify what those of us who live in Greater Philadelphia already know – this is a place with a great quality of life.

One uCity Square Topped Off with Next Lab Project in Sight

The need to design another project to capture the demand for lab space reflects the advancement of life sciences and the infusion of venture capital in Philadelphia.

Arden Group $800M Joint Venture to Focus on Infill Industrial Investments

Joined by Arcapita Group Holdings, an international investment firm, the goal is to

Stories From Our Region – October 2021

WuXi Closes Middletown Land Acquisition

The Middletown farmland, acquired in a $30 million deal, is set to become a major employer for New Castle County and Delaware as a whole by bringing hundreds of good-paying, diverse jobs to the area, advancing their goal of growing their biotech industry.

Iovance Biotherapeutics Officially Opens $125M Cell Therapy Center at the Philadelphia Navy Yard

The company’s state-of-the-art cell therapy center is the first scalable manufacturing facility dedicated to producing potentially life-saving TIL cell therapies.

Siemens Healthineers Plans $32M Glasgow Expansion

The expansion project aims to

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