Penn Center for Innovation

Spinout Stories: Quantitative Radiology Solutions

Posted on May 12, 2020 — Jessica Jones Gupta

This year, PCI will be highlighting a few of the impressive companies that have spun out from research or technologies invented at the University of Pennsylvania. These companies formed by leveraging the programs of PCI Ventures and their team of experts in the field of company formation, executive recruitment, strategic advising, and multifaceted fundraising.  …

COVID-19: Bio researchers race to repurpose everything from antiviral to anticancer discoveries

Posted on March 31, 2020 — Jessica Jones Gupta

“As for startup Pinpoint Therapeutics, it was founded on the discovery that drugs designed to combat the malaria virus may also have promise in fighting cancer—and now its scientists are taking their antiviral know-how and applying it to COVID-19. Pinpoint is developing drugs that inhibit PPT1, a pathway targeted by a class of antimalarial drugs…

NextUp: The Penn spinout inventing the next generation of surgical rools

Posted on January 6, 2020 — Jessica Jones Gupta

Verix Health is developing a suite of steerable surgical needles to enable minimally invasive treatment of hard-to-reach cancer tumors. Read More (On Philadelphia Magazine online)

JPOD @ Philadelphia, 365 days later

Posted on November 6, 2019 — Jessica Jones Gupta

One year after the launch of the partnership between Penn and Johnson & Johnson Innovation, the Pennovation Center celebrated the early successes of this innovative program. Read more. (Penn Today)

More Philly tech graduates are staying here. That’s a good thing.

Posted on October 25, 2019 — Jessica Jones Gupta

When it comes to high tech, Philadelphia is no Silicon Valley. We’re not even Boston’s Route 128, bumptiously designated “America’s Technology Region.” But Vijay Kumar, a professor at the University of Pennsylvania School of Engineering, is optimistic about the region’s future as a high-tech center. “I think we are hitting an inflection point in the…

Philadelphia biotech firm spun out of Penn goes public in $74.8M IPO

Posted on — Jessica Jones Gupta

Philadelphia’s Cabaletta Bio Inc. raised $74.8 million in an initial public offering Friday, becoming the region’s first life sciences IPO of 2019. The University of Pennsylvania spinout company sold 6.8 million shares of common stock at $11 per share. Read More on Bizjournals.com

Philadelphia is having its best year for VC deals since 2000

Posted on October 17, 2019 — Jessica Jones Gupta

Ninety-three percent of raises came from heath and medical care companies. At the close of the third quarter of 2019, Philadelphia is having its best year in terms of deals in the region in nearly two decades, according to a recent PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report. Read more. (Technical.ly Philly)

Philadelphia: Here are your nominees for the 2019 Technical.ly Awards

Posted on October 8, 2019 — Jessica Jones Gupta

Voting is open for the awards in categories spanning startups, impact and inventions through Nov. 7, and join us for the celebration event on Dec. 12. Penn startups Lilu and Neuroflow are two of the nominees. Learn more and vote. (Technical.ly Philly)

The OrVac wins the Pennovation Accelerator Summer 2019 Pitch Day

Posted on July 26, 2019 — Jessica Jones Gupta

The competition was stiff at this summer’s Pennovation Accelerator Pitch Day, held on Thursday, July 25.  So much so, that judges deliberation took longer than on any previous pitch day. But in the end, The OrVac, a medical device invented by Tyiwanna Carter, got the win and the prize of $5,000 and six months of…

PCI at Life Science Future – MedTech 2019

Posted on July 12, 2019 — Jessica Jones Gupta

On Wednesday, July 10, the Philadelphia region hosted the first Life Science Future – MedTech conference at the Sheraton Valley Forge Hotel. The day-long conference connected those in the Mid-Atlantic medical device, diagnostics, and digital health community, including researchers, startups, business leaders, and investors with the goal of forming relationships that could take products and…