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Category: Startups

Cogwear to Open New Manufacturing Facility in St. Paul as it Continues to Expand  

This new site will support the production of Cogwear’s second-generation brain-tracking headband, which offers real-time insights into various brain functions.

EnaChip Leverages Magnetics to PowerNext-Generation Microdevices 

By electroplating specialized magnetic alloys directly onto semiconductor substrates, EnaChip offers innovative, high-performance, and cost-effective magnetic solutions.

Ascidian Therapeutics Announces First-Ever FDA approval of their Investigational New Drug (IND) ACDN-01, which Targets Rare Genetic Eye Diseases 

Penn spinout Ascidian Therapeutics has achieved a significant milestone with the FDA's acceptance of their Investigational New Drug (IND) application for ACDN-01.

Carisma Therapeutics Announces First Patient Dosed in Phase 1 Clinical Trial of CT-0525, Appoints Eugene P. Kennedy as Chief Medical Officer  

Carisma announced the dosing of its first patient in its Phase 1 trial for CT-0525, an innovative CAR-Monocyte therapy targeting HER2-overexpressing solid tumors.

Verismo Therapeutics Achieves FDA Clearance for Phase I Trial of its CAR T Therapy 

Penn spinout Verismo Therapeutics has received FDA clearance for a Phase I trial of its CAR-T therapy, SynKIR-310.

iECURE Receives Three FDA Designations for its In Vivo Gene Insertion Program 

iEcure, a gene-editing company spun out of Penn and co-founded by Dr. Wilson, has received three special designations from the FDA for its new treatment, ECUR-506.

Penn Startups Recognized in Labiotech’s List of “Eight companies spearheading Philadelphia’s biotech industry” 

After emerging from stealth mode in 2023, BlueWhale aims to develop a technology platform and product portfolio that will provide the benefits of cell therapy to patients more quickly.

2023 President’s Prize Winners: Where They Are Now?

The 2023 President’s Innovation Prize (PIP) and President’s Engagement Prize (PEP) winners have each made significant strides over the course of the past year.

ToxiSense Develops Plant-Based Alternativeto Horseshoe Crab Blood 

ToxiSense is developing a plant-based alternative to test for bacterial toxins in vaccines and medical devices, which could eliminate the current need for  bloodletting of horseshoe crabs.

Linnaeus Therapeutics Awarded European Patent

Linnaeus Therapeutics, Inc. announced the issuance of EP patent 3823617 by the European Patent Office (EPO) covering the pharmaceutical composition of matter for their lead compound, LNS8801.  

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