Commerce
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Appearance on Dr. Phil Gives Boost to King of Prussia’s Genomind
The flagship product of King of Prussia’s Genomind, a personalized medicine company, was recently featured on Dr. Phil. In the ensuing days, the company reported an increase in call volume by 600 percent and e-mail volume at 70 times the normal activity, writes John George of the Philadelphia Business Journal. Genecept Assay – a genetic test…
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Drone Command Center Now Operational in Horsham
A drone command center at the Horsham Air Guard Station debuted recently, making it one of only a dozen such centers in the country, writes Alison Burdo of the Philadelphia Business Journal. The use of the unmanned aircrafts – referred to as combat air control missions – began Sunday, according to the Bucks County Courier…
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Blue Bell’s Arborcrest Corporate Campus up for Sale
Blue Bell’s Arborcrest Corporate Campus, a sprawling property once solely occupied by Unisys, is up for sale and could trade for more than an estimated $200 million, writes Natalie Kostelni of the Philadelphia Business Journal. Corporate Office Properties Trust owns the 137-acre property at Union Meeting Road and Penllyn Blue Bell Pike in Whitpain. The Columbia,…
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Renowned Chef Opening Second Restaurant at Valley Forge Casino
New Jersey chef Luke Palladino will open Fianco, a 1,620-square-foot restaurant focusing on Italian cuisine, in mid-May at the Valley Forge Casino Resort, writes Kenneth Hilario of the Philadelphia Business Journal. Fianco, meaning “next door” in Italian, is situated – unsurprisingly – next door to LP Steak, which Palladino opened last year. Fianco’s entrance is…
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Upper Merion Native is Leading Challenger for Governor of Montana
Upper Merion native Greg Gianforte, who helped found RightNow Technologies before it sold to Oracle for $1.8 billion, is the leading Republican candidate to challenge Democratic Gov. Steve Bullock for Montana’s top office, writes Joseph DiStefano of the Philadelphia Inquirer. Gianforte told DiStefano that he learned life lessons on the field at Upper Merion High…
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Norristown’s High Swartz Acquires Bucks County Firm
Norristown’s High Swartz, one of Montgomery County’s largest and oldest law firms, has acquired Doylestown’s McNamara Bolla & Panzer, writes Jeff Blumenthal of the Philadelphia Business Journal. The combined firm will maintain the High Swartz name. High Swartz Managing Partner Joel Rosen told Blumenthal that McNamara Bolla & Panzer will add personal injury, Social Security…
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Valley Forge Sports Commission an Economic Boon for Montgomery County
The Valley Forge Tourism & Convention Board recently announced its newly formed sports commission, Valley Forge Sports, an initiative aimed toward luring the lucrative business of sports meetings and events to Montgomery County. The effort has already proven fruitful, with a four-day USA Weightlifting event held at the Expo Center in February 2016 that brought…
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Ft. Washington’s Vitae Pharma Closes Stock Sale
Vitae Pharmaceuticals Inc., a Fort Washington biotechnology company, closed its public stock offering. It generated $35 million in proceeds, writes John George of the Philadelphia Business Journal. Vitae sold 5.83 million shares of common stock at $6 per share. According to George, that amount of the offering could grow by another $5.25 million. That is if underwriters…
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Conshy’s Saladworks Gets New Boss
Patrick Sugrue will be the new boss of the Conshohocken-based Saladworks chain, writes Joseph DiStefano of the Philadelphia Inquirer. Centre Lane Partners, the New York private-equity firm that bought Saladworks out of bankruptcy for nearly $17 million last year, picked Sugrue to replace Paul Steck, who had run the chain since 2002. Sugrue was once…
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KOP’s CMI Acquired by World’s Largest Marketing Group
King of Prussia’s CMI, one of the largest healthcare media agencies in America, has been acquired by the London-based WPP (Wire and Plastic Products), the world’s largest marketing communications services group with revenues of $19 billion, writes Kenneth Hilario of the Philadelphia Business Journal. Founded in 1989, CMI has a total of 210 employees with…
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KOP’s Genomind Featured on Dr. Phil
King of Prussia’s Genomind, a personalized medicine company, was recently featured on an episode of Dr. Phil, writes John George of the Philadelphia Business Journal. The company’s Genecept Assay – a genetic test designed to help clinicians make more informed treatment decisions for their patients with mental illness – was the focus of last Tuesday’s…
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Conshohocken-Based Learning App on Cusp of Breakout
Byndr, a Conshohocken-based learning management application, has raised $300,000, writes Dan Norton of the Philadelphia Business Journal. Byndr recently graduated from the University of Pennsylvania’s ed-tech incubator, EDSi, which invested a value of $50,000 in the startup in exchange for somewhere between six to eight percent equity. It also won $20,000 in the Milken-Penn GSE…
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Commuters Get Much-Needed Help at Arcadia, Chestnut Hill
Seventy-five percent of college students in America are commuters. That astonishing, little-known fact suggests that the average college experience is far different from the one often depicted in the media. According to a recent report in The Chestnut Hill Local, to help soften the blow of being a commuter student, Arcadia University and Chestnut Hill…
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Plymouth Meeting’s Inovio Pharmaceuticals Gets Positive Results from Ebola Vaccine
Plymouth Meeting-based Inovio Pharmaceuticals Inc. recently reported positive results from early-stage testing of its experimental Ebola vaccine, writes John George of the Philadelphia Business Journal. The company’s phase-I clinical trial results came a day after the World Health Organization declared the Ebola outbreak that began in West Africa is no longer a public health emergency…
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ImagineAir Brings On-Demand Air Travel to Montco
Atlanta-based ImagineAir, an air taxi service that helps travelers reach their destinations sooner, is now available at several airports in Montgomery and Chester counties, including Heritage Field Airport in Limerick, writes Donna Rovins of the Pottstown Mercury. “We are in the business of taking people off the road and giving them back their day,” said…
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Rosemont College’s Applications Double after Tuition Reduced
Seven months ago, Rosemont College made an uncommon decision, hoping it would increase its brand awareness. It’s paying off. After decreasing its tuition from $32,620 to $18,500, Rosemont has seen its completed applications double from this time last year, writes Dan Norton of the Philadelphia Business Journal. More than 1,000 prospective students have fulfilled every…
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Hatfield’s Genisphere Partners with Lankenau to Find New Approach to Treating Ovarian Cancer
Scientists at Genisphere, a biotech company in Hatfield, have partnered with a group of peers at Main Line Health’s Lankenau Institute for Medical Research to develop a potentially new approach to treating ovarian cancer, writes John George of the Philadelphia Business Journal. Ovarian cancer is the second most common gynecologic cancer in the United States,…
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Thunderbird Lanes Set to Close after Half-Century in Willow Grove
Thunderbird Lanes will close its Willow Grove bowling complex that features 36 alleys, a snack bar, and arcade games after May 1, according to a report in The Philadelphia Business Journal by John George. John Kennedy Dealerships, which operates eight automobile dealers in the Philadelphia region, has a tentative agreement of sale to buy the…
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