Author: pbj_repost
Neuraptive Therapeutics Raises $19.5M, Expands Management Team
November 2, 2022
A Philadelphia biotechnology company working on therapeutics and medical products for patients impacted by peripheral nerve injuries has raised $19.5 million from private investors. The equity financing was disclosed in documents Center City-based Neuraptive Therapeutics filed with the Securities and Exchange Commission. Company officials were not available to comment on the stock sale. Neuraptive is […]
Jefferson Lands New CEO From One Of The Country’s Largest Health Systems
August 1, 2022
Thomas Jefferson University and Jefferson Health’s board of trustees have made their pick to take over what became the region’s largest health system under former CEO Dr. Stephen Klasko. Dr. Joseph Cacchione will be the next CEO of Jefferson, effective Sept. 6. Cacchione is executive vice president for clinical and network services at Ascension Health, one of the […]
Philadelphia on The Cusp of Becoming a Top 10 Startup Ecosystem in The U.S., Report Finds
June 15, 2022
Philadelphia has the world’s 27th-best startup ecosystem and ranks at No. 11 in the U.S., according to an annual report by Startup Genome. The city inched forward one spot in both the international and national rankings after coming in at No. 28 and No. 12, respectively, in 2021. This year, the report lauded Philadelphia for […]
Strados Labs Secures Another FDA Clearance For its Electronic Stethoscope Technology
May 27, 2022
Strados Labs, a Philadelphia-based medical technology company, has received Food and Drug Administration clearance for the home use of its RESP respiratory monitoring system. The 6-year-old company called the FDA clearance, its second in less than 18 months, a “major milestone” because it will allow the product to be used by patients in their homes […]
Officials Laud University City’s Ongoing Development as $100M Project Marks Construction Milestone
March 23, 2022
When state Sen. Vincent J. Hughes took the podium at a ceremonial topping out of 3.0 University Place, a $100 million development at 4101 Market St. in University City, he noted the significance of its location. “This is special,” he said. “The history has always been that everything stopped at 40th Street. We have been […]
Wireless Panic Button Startup Raises $1.8M in Oversubscribed Round
February 28, 2022
ROAR for Good raised $1.8 million in growth capital to ramp up distribution of its wireless panic button systems for hotels and health care facilities. The Philadelphia startup initially sought to raise $1.5 million, but investors surpassed the company’s goal for growth capital, ROAR for Good Founder Yasmine Mustafa said. She declined to disclose the […]
Gov. Wolf’s Proposed Budget Would Give Ben Franklin Technology Partners $8M to Fund More Startups
February 10, 2022
Pennsylvania Gov. Tom Wolf’s ambitious $43.7 billion budget proposal includes an $8 million boost for Ben Franklin Technology Partners, a move that the organization’s leadership says could get more Philadelphia-area startups funded. Wolf’s budget proposal sets aside $2 million for each of the four Ben Franklin Technology Partners offices — located in Philadelphia, Pittsburgh, State […]
‘Shark Tank’ Company Simply Good Jars Strikes Deal with Wawa After Sales Soar 1,200%
February 8, 2022
Simply Good Jars is growing rapidly — its sales, its customer base, its physical footprint and its availability. The Philadelphia startup, which appeared on ABC’s “Shark Tank” last March, has seen exponential sales growth of about 1,200% since January 2021, CEO Jared Cannon said. That has allowed his operations to expand and his ambitions to […]
13 Philadelphia-Area Startups to Keep Your Eye on in 2022
January 10, 2022
Soaring investor confidence in 2021 led to accelerated funding activity for enterprising technologies, entrepreneurs and businesses in Greater Philadelphia. Startups throughout the region raised record amounts of capital last year while posting tremendous growth, even as the Covid-19 pandemic continued to impact the global workforce and supply chain. Recognizing some of the most promising startups, […]
Philadelphia Adtech Startup Sidecar, Backed by $33.5M in Funding, Acquired by New York Competitor
December 14, 2021
Philadelphia advertising technology startup Sidecar has been acquired by New York-based competitor Quartile. The deal closed last week, and the terms were not disclosed. Sidecar will take Quartile’s name, and the company will retain its office at One South Broad in Philadelphia. The acquisition will fold Sidecar’s 180 employees into Quartile, bringing the total headcount […]
