Health

Ben Franklin Technology Partners Invests $2M In 7 Philadelphia-Area Startups, Plans New $25M Fund

February 6, 2023

Ben Franklin Technology Partners of Southeastern Pennsylvania is investing $2 million in Philadelphia-area tech and health care startups before setting its sights on a new late-stage fund with a goal of raising at least $25 million — a welcome commitment for local startups as venture capital funding dries up. The investments were made in two […]

‘A Little Company With A Big Vision’: Temple Spinout Advancing New Way To Treat Autoimmune Disorders

January 12, 2023

A Temple University spinout working on a new way to treat autoimmune disorders has been approved to begin human testing of a potential treatment for an inflammatory liver disease. SFA Therapeutics of Jenkintown received Food and Drug Administration clearance to begin a Phase 1 clinical trial of the company’s new drug candidate SFA-001N, which it […]

Startups To Watch

January 6, 2023

13 Philadelphia-area startups ready to reach new heights in 2023 Despite a somewhat tumultuous 2022, Greater Philadelphia’s startup ecosystem has continued to flourish. This past year, startups and their founders adapted after a record-setting 2021 that saw the region post its largest annual funding total to date. The first half of 2022 was almost equally […]

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 […]

A Bold Effort To Cure HIV—Using Crispr

October 11, 2022

An experiment tests whether the gene-editing technology can stop the virus from replicating, which would ultimately wipe out the infection. IN JULY, AN HIV-positive man became the first volunteer in a clinical trial aimed at using Crispr gene editing to snip the AIDS-causing virus out of his cells. For an hour, he was hooked up to […]

Biomeme To Launch Portable Sample-To-Answer PCR System, Host-Response Testing

October 4, 2022

The pandemic wrought remarkable changes in diagnostics, some of which may improve healthcare for future generations. It also precipitated a dramatic expansion for Philadelphia-based mini PCR instrument and assay developer Biomeme. The company is now using revenues from CAP and CLIA accredited testing labs it owns to create a sample-to-answer instrument and further differentiate itself […]

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 […]

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 […]

PolyCore Therapeutics Secures Seed Financing to Address Motor Symptoms and Dyskinesia Associated with Parkinson’s Disease

April 12, 2022

PolyCore Therapeutics, Inc., a biopharmaceutical company developing treatments for patients suffering from dyskinesia and cognitive impairment associated with neurodegenerative disorders, today announced a seed investment from Xontogeny, LLC and Ben Franklin Technology Partners of Southeastern Pennsylvania to advance their lead compound, PCT-3012, a novel G protein-biased D3 receptor agonist to reduce motor impairment in Parkinson’s […]

Strados Labs Awarded $990K to Develop Wearable Lung Sensor

April 4, 2022

Strados Labs has been awarded a $990,118 grant to advance the development of its RESP Smart Sensor Platform, a noninvasive wearable lung device to help in the early detection of chronic obstructive pulmonary disease (COPD) and other respiratory infectious conditions. The funds are part of a second phase of a two-year Small Business Innovation Research […]