Pharma & Biotech
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Main Line Fertility One of Few Clinics in Region to Offer New, Cheaper IVF Treatment
Main Line Fertility is one of the few clinics in the region to offer INVOcell, a new and significantly cheaper In Vitro Fertilization treatment, writes Queen Muse for the Philadelphia Magazine. While in most other IVF methods embryo’s are developed in a lab, INVOcell uses a woman’s own body as an incubator for the duration…
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Lower Gwynedd Organization Helps Companies Bring New Therapies to Market
Clinlogix, the Lower Gwynedd-based clinical research service organization, is helping companies bring new therapies and therapeutics to market quickly and safely by using innovative tools like blockchain, writes Queen Muse for the Philadelphia Magazine. The organization, founded by JeanMarie Markham in 1999, helps companies conduct complex, next-generation research to achieve success in health and medicine.…
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Janssen Pharmaceutical Finalizes $750M Acquisition of Rights to XBiotech’s New Drug Candidate for Multiple Dermatological Conditions
Janssen Pharmaceutical of Johnson & Johnson, with a research campus in Spring House, has finalized its $750 million acquisition of the rights to XBiotech’s bermekimab, a new drug candidate with the potential to treat multiple dermatological conditions, writes John George for the Philadelphia Business Journal. The deal also involves a number of employees transferring from…
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Philadelphia Magazine: Look Inside King of Prussia-based Discovery Labs, World’s Largest Co-Working Facility
Discovery Labs in King of Prussia is being touted by its developers as the largest co-working facility for sciences and technology in the world, writes Queen Muse for the Philadelphia Magazine. The impressive new campus sits on more than 200 acres of land and can accommodate 3,000 workers. It is being developed by real estate…
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Green Thumb Industries Adds King of Prussia Dispensary as Part of Pennsylvania Expansion
Chicago-based Green Thumb Industries has recently opened a Rise Dispensary in King of Prussia as part of its expansion in Pennsylvania, writes Sam Wood for The Philadelphia Inquirer. Under the Rise brand, the company currently operates nine retail stores in the Keystone State and is planning to open 18 stores in total. It also cultivates…
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OxyContin Sales In Montgomery County 10 Years Ago Among Highest in Country
Sales of OxyContin per capita in Montgomery County 10 years ago were among the highest both in the Philadelphia area and across the nation, write Nathaniel Lash and Aubrey Whelan for The Philadelphia Inquirer. The county ranked 10th nationwide, with 218.3 morphine milligram equivalents per capita. This accounted for more than 45 percent of all…
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Merck’s Fight With Insurers Over Cyber-Attack Could Have Far-Reaching Effects
A fight between Merck, the pharmaceutical giant with an Upper Gwynedd location, and its insurers over a cyber-attack that happened over two years ago could have far-reaching effects, writes Riley Griffin for The Philadelphia Inquirer. In June 2017, Merck was hit by NotPetya, a creation of the GRU – Russia’s military intelligence agency. However, Merck…
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Plymouth Meeting, Horsham Firms Merge Into One of World’s Largest Independent Patient-Safety Groups
Plymouth Meeting-based ECRI Institute and Horsham-based Institute for Safe Medication Practices will merge early next year into one of the world’s largest independent patient-safety groups, writes Sam Wood for The Philadelphia Inquirer. The ECRI Institute was founded in 1968 as the Emergency Care Research Institute. Today it has 500 employees and offices in Dubai, London,…
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MONTCO Careers – CSL Behring
Headquartered in King of Prussia, CSL Behring is a global biotechnology leader offering the broadest range of quality plasma-derived and recombinant therapies in the industry, including the treatment of bleeding disorders and immune deficiencies. Learning and Procedural Document Specialist This position manages training initiatives and creates training consistency across the global organization; performs Learning Management…
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Billion dollar Coworking Office and Lab Campus Planned in King of Prussia
Capitalizing on the burgeoning specialty of life sciences real estate, The Discovery Labs is developing a $1 billion coworking office and lab campus in King of Prussia, writes Greg Isaacson for the Commercial Property Executive. “It’s a really exciting time for investors and developers in the market because of the growth in the market and…
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San Jose-Based Anpac Bio Is Expanding to East Coast, Plans to Moves Headquarters to Lower Gwynedd
Anpac Bio, a biotechnology firm based in San Jose, is planning to move its headquarters to a newly constructed office facility in Lower Gwynedd in March next year, writes Katie Park for The Philadelphia Inquirer. The company that specializes in early cancer detection signed a ten-year lease for space at the Spring House Innovation Park…
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San Jose-Based Anpac Bio Is Expanding to East Coast, Plans to Move Headquarters to Lower Gwynedd
Anpac Bio, a biotechnology firm based in San Jose, is planning to move its headquarters to a newly- constructed office facility in Lower Gwynedd in March next year, writes Katie Park for The Philadelphia Inquirer. The company that specializes in early cancer detection signed a 10-year lease for space at the Spring House Innovation Park…
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Blue Bell-Based Achillion Pharmaceuticals Acquired for $930M by Alexion Pharmaceuticals
Shares of Achillion Pharmaceuticals soared by 70 percent after it was announced that the Blue Bell-based company had been acquired by Alexion Pharmaceuticals for $930 million, writes John George for the Philadelphia Business Journal. Achillion was founded 21 years ago and currently has 56 employees. Danicopan, its lead new drug candidate, is now in mid-stage…
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Harleysville-Based Supplier of Pharmaceutical Excipients Is Getting Into Business of Funding Startups
Colorcon, the Harleysville-based supplier of pharmaceutical excipients and services, is throwing its hat into the business of funding startups, writes Connie Loizos for the Tech Crunch. The 58-year-old company has decided to invest $50 million into startups by outsourcing its venture operations to Touchdown Ventures. The growing San Francisco-based firm already helps manage the corporate…
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Merck Wants To Erect Two More Monument Signs in Upper Gwynedd
Global pharmaceutical company Merck is asking for approval to erect two new monument signs outside its Upper Gwynedd facilities, writes Dan Sokil for The Reporter. The signs would be placed at 351 and 770 Sumneytown Pike. “They are new signs, not replacements,“ said planning and zoning officer Van Rieker. “They are discreet, given the thousands…
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Discovery Labs reinventing research and development space
J. Brian O’Neill, Chairman, CEO & Founder of MLP Ventures, developer and the mastermind behind The Discovery Labs, the world’s largest collaborative coworking community for healthcare, life sciences and technology-enabled companies, sat down for a podcast in the auditorium of the newly renovated space. O’Neill discussed his vision for the business and the broader coworking…
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Gyroscope Therepaeutics of Ambler raises $60.6 million
British-based gene therapy company Gyroscope Therapeutics, with United States headquarters based in Ambler, raised $60.6 million in a venture capital financing with a Series B round led by Syncona Ltd., a previous backer that invested just under $58 million. Syncona is a London-based investment trust focus on the life science industry. Cambridge Innovation Capital, another…
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After FDA approval, Plymouth Meeting’s Harmony Biosciences raises $50M
Plymouth Meeting-based Harmony Biosciences closed a $50 million equity financing a week after receiving its first Food and Drug Administration drug approval. One of the largest private stock sale in the local life sciences sector this year, the deal was disclosed in documents the Montgomery County company filed with the Securities and Exchange Commission, writes…
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