All Rights Reserved. Given the climate in the capital markets, competition in the private financing markets has also increased, making crossover and venture financing more difficult to secure. Through 2021 and 2022, the SEC increased its rulemaking regarding SPACs. Gresh has provided high-level consulting services to the cities of Philadelphia and Wilmington and numerous economic redevelopment agencies. Jennifer Troutman for Itasca Village Board Trustee | Itasca IL - Facebook Congratulations Jennifer Porter!What better way to ring in the new year than to celebrate Temple Alumnae honored as 2022 Women of Distinction? The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. Opinions expressed are those of the author. At present there are over 30 cell and gene therapy companies and 60 labs in the region, as well as big pharma presence from GlaxoSmithKline, Bristol Myers Squibb, Merck, Sanofi, and Johnson & Johnson. #laborandemployment. Phone: 812-488-2108. The newest proposed rule, if implemented, would bar employers from entering into noncompete agreements with their workers and require employers to rescind existing noncomplete restrictions with current and former workers. All rights reserved. Incredibly well-deserved. Follow the Temple Women's Network and stay connected with them all!! #templemade. The Boston-founded Am Law 50 firms plan to become long-term tenants in the city by 2024 comes after a year of quietly operating out of a temporary spacein the Cira Center and recruiting from locally rooted competitors like Morgan, Lewis & Bockius and Duane Morris. The complexities of #lawfirm mergers are vast. Before joining Goodwin, Jennifer was a partner at Troutman Pepper Hamilton Sanders LLP. Wealth Management Banker, Vice President - Legal Specialty Group at Wells Fargo Private Bank, NMLSR ID: 685248, Business Development Manager at Troutman Pepper, Senior Business Developer at AmLaw 50 Law Firm. Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. A recent major addition to Cellicon Valley is Discovery Labs and the Center for Breakthrough Medicine (CBM). Christina Kahmar-McGinley, CFRE. ATMP sponsors are also facing capitalization challenges in early 2022. Efforts to integrate clients, systems, spaces and cultures under tight time restraints is an immense undertaking that affects populations across both firms including the #alumni networks. Q&A With Jennifer Porter, partner, Troutman Pepper. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Practical guidance from an expert in the space. https://lnkd.in/eS_krevS Reverse mergers can be beneficial because they can usually be completed more quickly than an IPO and for less cost. The indicator measures the comparison of what is actually performed with what can be achieved with the same consumption of resources. https://lnkd.in/eGrEkihW, Drexel University Alumni's 40 Under 40 https://lnkd.in/eJK-PRMH Reprinted here with permission. Congratulations to Temple University's Acting President JoAnne A. Despite the DOJs difficulty in securing jury convictions, the guilty plea by VDA and the Biden administrations stated policy of trying to protect #employees from what it perceives to be unreasonable restraints suggest that the DOJ will continue to indict businesses and individuals for alleged Section 1 violations involving no-poach agreements or #wagefixing. By Applied Clinical Trials Editorial Staff, Man arrested after $3M worth of drugs shipped to restaurant, World reacts to Dwyane Wade transgender news, The Russell Wilson trade is officially complete, I was sued by my co-workers after announcing Id won a $105m lottery but there was an even stranger twist, "Red Beans and Rice: A Classic New Orleans Dish and Monday Tradition" Recipe Included, Trump is 'Petrified' - Will Fill Up Diaper: Says Former Trump Attorney Michael Cohen, 4 people found shot in the head in California mass killing, Youre not crazy; your McDonalds hamburger does taste better, Update: Committee approves low-income senior housing. Jennifer Porter's Instagram, Twitter & Facebook on IDCrawl Thank you for the opportunity and the honor of sharing with your students Stacey Bennett, Communication Studies Area Head, Arts & Communication Department. Going Public? For Life Sciences Companies, Pivoting in a Down Market Jennifer L. Troutman's office is located at 4401 Penn Ave, Pittsburgh, PA. View the map. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. #philadelphia #greaterphiladelphia #healthcare #hospitals, IMC Construction of Malvern is projecting more than $500 million in revenue this year and says the leadership transition makes it the largest minority-owned commercial construction company on the East Coast. Her recent matters include: * Denotes experience prior to joining Goodwin. Milestones/achievements/messages? Porter: Philadelphia's Cellicon Valley continues to grow. One Year In, SECs Gensler Has Delivered a Rulemaking Storm, Q&A With Jennifer Porter, Partner, Troutman Pepper, Century Therapeutics, Inc. in its $242.7 million initial public offering*, Collegium Pharmaceutical, Inc. in its $143.75 million offering of senior convertible notes*, Larimar Therapeutics, Inc. in its $80.5 million underwritten public follow-on offering*, Larimar Therapeutics, Inc. in its $80 million private placement*, Ocugen, Inc. in its $100 million registered direct offering*, Ocugen, Inc. in its $53.5 million public follow-on offering*, Societal CDMO, Inc. in its $35.6 million concurrent public offerings of common and preferred stock*, Recro Pharma, Inc. in its $30.0 million underwritten public follow-on offering*, TELA Bio, Inc. in its $57 million initial public offering*, TELA Bio, Inc. in its $55.2 million underwritten public follow-on offering*, TELA Bio, Inc. in its $36.8 million underwritten public follow-on offering*, Windtree Therapeutics, Inc. in its underwritten public offering and uplisting to Nasdaq*, Zynerba Pharmaceuticals, Inc. in its $57.5 million underwritten public follow-on offering*, Zynerba Pharmaceuticals, Inc, in its $48.3 million initial public offering*, Represented underwriters in multiple equity offerings and at-the-market offerings for life sciences issuers*, Collegium Pharmaceutical in its $604 million acquisition of BioDelivery Sciences International*, Eli Lilly and Company in its acquisition of Disarm Therapeutics for up to $1.22 billion*, Collegium Pharmaceutical in its $375 million acquisition of the nucynta franchise of products from Assertio*, Chondrial Therapeutics in its reverse merger with Zafgen, Inc. to form Larimar Therapeutics, and concurrent $80 million private placement*, Renovacor, Inc. in its sale to Rocket Pharmaceuticals, Inc.*, Societal CDMO, Inc. in its $50 million acquisition of IRISYS, a San Diego-based CDMO*, Recro Pharma, Inc. in its $175 million acquisition of a phase two product candidate and a manufacturing, formulation, and development business*, Renovacor, Inc. in its merger with SPAC Chardan Healthcare Acquisitions 2 Corp. and concurrent private placement*, ALKA bello in its acquisition of Otiprio and in other acquisitions and divestitures*, Panelist, Key Strategies for Navigating Your Career , Association of Corporate Counsel (ACC) Greater Philadelphia Chapter -Womens Summit, November 16, 2022, Panelist, State of the Market: Trends and Issues in Health Care and Life Sciences Transactions, ACC Greater Philadelphia In-House Counsel Conference, May 4, 2022, Co-Author, SECs Division of Corporation Finance Revises CD&Is on Non-GAAP Financial Measures, Troutman Pepper, December 16, 2022, Co-Author, SEC Proposes Rule Amendments for Beneficial Ownership Reporting, Troutman Pepper, February 28, 2022, Co-Author, SEC Proposes Rule Changes Shortening the Securities Settlement Cycle to T+1 By March 31, 2024, Troutman Pepper , February 28, 2022, Co-Author, SEC Proposes Rule Amendments Relating to Rule 10b5-1 and Insider Trading, Troutman Pepper, December 17,2021, Co-Author, SEC Proposes Rule Amendments to Improve Disclosures Relating to Share Repurchases, Troutman Pepper, December 16, 2021. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel Because a SPAC hasn't conducted business prior to going public, there are fewer diligence concerns for the private company. Facebook gives people the power. Christina Furia-Daponte, Women's History Month factoid - apparently Pennsylvania had a woman Governor from 1712 until 1726!! Troutman Pepper was proud to sponsor and speak at the ACC Greater Philadelphia In-House Counsel Conference. Her recent projects included EPA Brownfield-funded environmental assessment and cleanup of abandoned oil terminals along the Schuylkill River to support redevelopment for Bartrams Trail and citywide assessments of Philadelphias parks and recreation properties for potential lead impact. This material is made available to facilitate private study, scholarship, or research. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. Build a Morning News Digest: Easy, Custom Content, Free! Porter: Philadelphias Cellicon Valley continues to grow. Several cell and gene therapy clients we were working with in the confidential registration statement process have paused their IPO plans. But with the IPO market currently in a slump, private companies may want to consider two alternative paths to going public reverse mergers and special purpose acquisition company (SPAC) mergers that could provide them the resources necessary to continue growing. Your article was successfully shared with the contacts you provided. VCard. In a recent Business Law Today article, #troutmanpepper attorneys Matthew DelDuca, Barbara Sicalides, and Chelsea Harris discussed the latest FTC campaign development against #noncompete clauses. We are pleased to introduce our new Charlotte Office Managing Partner Jason Evans. Wonderful recognition of your work, Jennifer Porter! A page to support and encourage Jennifer Troutman in running for Itasca Village Board Trustee in the consolidated. Check Jennifer L. Troutman's profile to see which insurance they accept. Dr. Porter Troutman oral history interview, 2006 November 20. First, how confident are the executives and their counsel about their company's ability to fundraise? Jennifer Porter, Laura Umbrecht, Alicia Worthy, Stephanie Isaia, Alice . Rights. Sponsors often have post-closing board representation. The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . . Investors today are more discerning after witnessing several companies suffer from development setbacks or failures after their IPOs, and are now looking for ways to derisk, such as by investing in companies developing multiple products or products that can treat multiple indications, to afford more "shots on goal.". A total of 14 partners formerly with Troutman Pepper have commenced their practice at Goodwin Procter. Follow TWN and stay connected with them all!! The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . Facebook gives people the. In addition, because SPACs are considered 'shell companies' under SEC rules, the post-merger company will be subject to increased SEC regulation, such as having to wait longer to rely on Rule 144 for resales of securities, or not being able to become a well-known seasoned issuer (WKSI) for at least three years post-merger. Audio recording clip of interview with Dr. Porter Troutman by Claytee D For life sciences companies, pivoting in a down market. Contact. Hannah Callowhill Penn - https://lnkd.in/eJs2PYWe, #TempleToast- Monday, March 27 - Dont miss your chance to support the next generation of Temple Students making a change in this world. Alicia Worthy on LinkedIn: Troutman Pepper To Host The 2023 PACT [Audio recording] Oral History Research Center, Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Jennifer Porter, a partner in Troutman Peppers #HealthSciences Department, was recognized among the 2022 #Women of Distinction by the Philadelphia Business Journal. Shawn Queeney Troutman Pepper's alumni relations professionals, Erin Warner and Clare Roath, recently published an article in Law360 discussing the importance of law firm management's mindfulness of alumni engagement efforts during a #merger. They have also lived in Brookhaven, PA and Mechanicsburg, PA. As home to the University of Pennsylvania, Children's Hospital of Philadelphia, & Jefferson Health, Philadelphia has seen the advancement of key cell and gene therapy leaders, such as Dr. Carl June and Dr. Jim Wilson. She was a Legal intern for Judge Theodore McKee, United States Court of Appeals for the Third Circuit from 2006 to 2007. Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. Societal CDMO's $35.6 Million Underwritten Public Offerings, Larimar Therapeutics' $80.5 Million Shares Offering. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Select this result to view Jennifer Kay Troutman's phone number, address, and more. Goodwin lawyers currently inhabit temporary space in the Cira Center. Engage via Email. They can be completed faster than a traditional IPO, but require a vote of the SPAC shareholders, and carry the same lack-of-stabilization risks post-merger. Candidates must have general We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Follow TWN At a macro level, following record-breaking years in 2020 and 2021, the overall 2022 IPO market is on track . Jennifer L. Porter is a partner in the Life Sciences group at Goodwin. Since 2018, several cell and gene therapy companies headquartered in the Philadelphia area, such as Cabaletta Bio, Castle Creek Bio, Century Therapeutics, and Passage Bio, have completed successful IPOs, with six IPOs in 2020 alone. Jennifer Porter, Troutman Pepper Hamilton Sanders ; Anne Prisco, Holy Family University ; Cindy Reiss-Clark, West Pharmaceutical Services ; Tracey Santilli, Tierney ; This can help eliminate surprises from the agency that could result in clinical holds, which can derail development timelines, and/or require costly additional development work, including additional clinical trials or comparability studies. Temple Women are Everywhere! See here for a complete list of exchanges and delays. That's why attractive reverse merger targets typically have cash on hand, and why there is often a side-by-side Private Investment in Public Equity (PIPE) to raise additional funds, ideally putting the private company in the position it would have been in, funding-wise, post-IPO. Businesses should not expect this most recent setback in the DOJ's effort to secure criminal convictions for #labor-side violations to slow down their enforcement actions. Likewise, the public company should also conduct diligence on the target's assets to ensure they're securing the best deal for their shareholders.

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