Plymouth Meeting
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Plymouthtowne Apartments Expanding with New Premiere Units
Plymouthtowne Apartments in Plymouth Meeting is expanding with newly built Premiere Apartments. The complex that up until now had 165 traditional one- and two-bedroom apartments has added 70 new Premiere units. These new additions feature one-bedroom homes with den and one and a half bathrooms as well as two-bedroom homes units with two bathrooms and…
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Pandemic Financial Woes Force Fashion Retailer Century 21 to File for Bankruptcy
The business struggles caused by the pandemic have caused another retailer casualty, this time in the form of the popular New York and Philadelphia store Century 21. As reported by Katie Park of the Philadelphia Inquirer it is another blow to PREIT, who owns the Plymouth Meeting and Willow Grove Malls as well as Center…
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Thermo Fisher Scientific to Manufacture Inovio’s DNA-Based COVID-19 Vaccine
Plymouth Meeting-based Inovio has signed a manufacturing deal with Thermo Fisher for its experimental DNA-based Covid-19 vaccine candidate, writes John George for the Philadelphia Business Journal. The biotechnology company is working on ensuring it can produce 100 million doses of INO-4800, its vaccine candidate, in 2021. The vaccine is still subject to approval by the…
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Pandemic Could Mark Turning Point for Plymouth-based Inovio’s DNA Vaccine Technology
The coronavirus pandemic could mark a turning point for DNA vaccine technology that has been three decades in the making and is currently being developed by Plymouth Meeting-based Inovio, writes Marie McCullough for The Philadelphia Inquirer. David B. Weiner, known as “the father of DNA vaccines” in scientific circles, co-founded Inovio and is also its…
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Deal Falls Through for Willow Grove, Plymouth Meeting Mall Owner, Dashing Hopes for a Cash Infusion
PREIT, owner of the Willow Grove and Plymouth Meeting Malls, had its hopes for a cash infusion dashed when a plan to raise $153.6 million fell through, writes Natalie Kostelni for the Philadelphia Business Journal. Even so, PREIT said in SEC documents filed Tuesday that it did meet certain conditions for some breathing room to…
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Big and Small Local Biotech, Pharmaceutical Companies Working on COVID-19 Vaccine
A growing number of local pharmaceutical, biotech, and medical device companies are joining efforts to develop a COVID-19 vaccine, writes John George for the Philadelphia Business Journal. Plymouth Meeting-based Inovio is working with Wistar Institute in Philadelphia on a DNA-based vaccine candidate. This is now heading into late-stage clinical testing less than three months after…
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Plymouth Meeting and Willow Grove Mall Owner Sending Curated Surprise Boxes to Shopper’s Homes
With COVID-19 concerns still on everyone’s minds, PREIT, owner of the Willow Grove and Plymouth Meeting Malls, is attempting to entice customers to patronize their mall retailers in an innovative way, reports PYMNTS.com. Taking a cue from services like Loot Crate, PREIT is now allowing customers to have surprise boxes sent to their homes, containing…
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Malvern Bank House of the Week: Spectacular Private Country Estate in Plymouth Meeting
A stunning colonial home with four bedrooms and three full and three half bathrooms is available for sale in Plymouth Meeting. The home is nestled on a spectacular private country estate ideally positioned to take advantage of the gorgeous vistas. Its many highlights include the spacious living room complete with fireplace, family room with cathedral…
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Hotel Hero: Vicki Anderson, Night Auditor/Front Desk Agent at Hyatt House Philadelphia/Plymouth Meeting
The Valley Forge Tourism & Convention Board recognizes Vicki Anderson as this week’s Hotel Hero. Nominated by General Manager, Devin Jarvis, Vicki started with the Hyatt House Philadelphia/Plymouth Meeting in December 2019 as a part-time Night Auditor. Since the start of the pandemic, Vicki has taken on full-time work for both the Front Desk and…
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Hotel of the Week: DoubleTree Suites by Hilton Hotel Philadelphia West
With 80 world-class hotels in Montgomery County, this week the Valley Forge Tourism & Convention Board spotlights the DoubleTree Suites by Hilton Hotel Philadelphia West as the Hotel of the Week. Offering 253 spacious suites and 13 meeting rooms culminating in 8,200 square feet of customizable space, as well as an indoor pool, and a…
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Willow Grove, Plymouth Meeting Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was never any doubt that the months of being closed was going to have a heavy impact on their earnings. Information about PREIT’s quarterly profits has now been made public, and…
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Plymouth Meeting Biotech Firm Stock Soars Following IPO
Shares of Plymouth Meeting-based Harmony Biosciences Holdings soared as much as 70 percent over the public offering price on the stock’s first day of public trading, writes Ryan Sharrow for the Philadelphia Business Journal. The biotech company issued more than 5.3 million shares at $24 per share, which resulted in proceeds of $128.4 million. The…
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Plymouth Meeting-Based Inovio Within Reach of COVID-19 Vaccine Breakthrough
With the DNA technology Inovio is basing its COVID-19 vaccine on still experimental after nearly four decades of research and development, J. Joseph Kim, the Plymouth Meeting-based company’s CEO, believes that the eagerly awaited breakthrough is finally within reach, writes Marie McCullough for The Philadelphia Inquirer. The results from an initial and limited study in…
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To Avoid Default, Owner of Willow Grove Park, Plymouth Meeting Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of Willow Grove Park and Plymouth Meeting Mall, is paring back executive salaries and suspending dividend payments, writes Jacob Adelman for The Philadelphia Inquirer. The company has reduced the salaries of its chief executive and chief financial officer by 25 percent. The…
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Harmony Biosciences Looking to Raise $100 Million in IPO to Study Key Ingredient in Wakix
Plymouth Meeting-based Harmony Biosciences, which markets the drug Wakix for patients with narcolepsy, is planning to raise $100 million with an initial public stock offering, writes John George for the Philadelphia Business Journal. The company received approval from the Food and Drug Administration to use Wakix as a treatment for the sleep disorder in August…
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Pandemic Could Mark Turning Point for Inovio’s DNA Vaccine Technology
The coronavirus pandemic could mark a turning point for DNA vaccine technology that has been three decades in the making and is currently being developed by Plymouth Meeting-based Inovio, writes Marie McCullough for The Philadelphia Inquirer. David B. Weiner, known as “the father of DNA vaccines” in scientific circles, co-founded Inovio and is also its…
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Inovio’s Stock Receives Boost from $71M COVID-19 Vaccine-Related DOD Grant
Plymouth Meeting-based Inovio saw its stock rise by more than 47 percent after announcing it received a $71 million Department of Defense grant to support the scaled-up manufacturing of the device used to administer its COVID-19 vaccine candidate, writes John George for the Philadelphia Business Journal. The company also said it is planning to report…
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Closed Since March, PREIT Announces Plymouth Meeting, Willow Grove Malls Will Reopen Friday
By Chris Isaac As the “green phase” spreads throughout Pennsylvania and starts lifting social restrictions, that also means the return of shopping malls. PREIT has announced that on June 26 four of their malls in the area will be open for business, including the Willow Grove and Plymouth Meeting malls. PREIT’s New Jersey malls won’t…
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