Philadelphia-area digital health startup with Jefferson ties raises $50M, lands valuation of $550M

A digital health startup, Tendo Systems, has collaborated with Jefferson Health to raise $50 million through a private stock sale.

Article from Philadelphia Business Journal

Century Therapeutics IPO climbs to more than $242M; stock rises over 30%

Philadelphia-based cell therapy company has closed its $242.65 million initial public stock offering.

Article from Philadelphia Business Journal

Best Children’s Hospitals 2021: Here’s where CHOP ranks, according to U.S. News & World Report

For a third year in a row, CHOP placed second in annual ranking of the country’s top children’s hospitals.

Article from Philadelphia Business Journal 

Fine Print: $100M University City development breaks ground; 54 acres sell in Bucks County

New developments come to University City and Bucks County.

Article from Philadelphia Business Journal 

2021 Fortune 500: Philadelphia-area companies make a strong showing in latest rankings

13 companies headquartered in the Philadelphia region made this year’s Fortune 500 list.

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Nikang Therapeutics raises $200M in one of region’s largest life sciences funding rounds this year

A Wilmington precision oncology company has raised $200 million through a venture capital financing.

Article from the Philadelphia Business Journal 

Strongbridge Biopharma to be acquired by Chicago-based Xeris for $267M

A Bucks County biopharmaceutical firm is being acquired in a $267 million deal.

Article from the Philadelphia Business Journal

Annovis Bio plans $50M stock sale a week after share price nearly triples

A Chester County biopharmaceutical company is planning to raise $50 million through a public stock offering.

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Backed by $1M Facebook gift, Philadelphia Foundation establishes fund for Black-led nonprofits

A new Philadelphia Foundation fund aims to raise $5 million to offer grants to enrich the lives of predominantly Black communities.

Article from the Philadelphia Business Journal 

Richard Vague: ‘Sea change’ underway in lender attitudes toward Philadelphia minority business owners

Pennsylvania Secretary of Banking and Securities, Richard Vague, speaks on the “sea change” he has observed in regards to opportunities for minority entrepreneurs.

Article from the Philadelphia Business Journal