From the Philadelphia Business Journal

Philadelphia-area mattress startup raising $1.5M angel round to compete with giants
Tuesday September 19th, 2017 06:38:50 PM Michelle Caffrey
Nuvanna has a lot of competition, experts say.
Stark differences persist as Pa. Senate returns to budget talks
Tuesday September 19th, 2017 06:14:00 PM Katie Meyer, WITF
The state Senate is back in session, and is gearing up to respond to a budget package the House passed last week.Senate leaders aren’t revealing much about their plans — though they indicate they have fundamental disagreements with House leaders.Meanwhile, the standoff is prompting credit rating agencies and budget experts to put the commonwealth on their watch lists.The Senate initially passed a revenue package in July. It balanced the $2.2 billion budget deficit on a combination of borrowing…
Pharma firm's unusual pairing to promote opioid alternatives for pain treatment
Tuesday September 19th, 2017 05:10:33 PM John George
A professional sports league is teaming up with a suburban Philadelphia specialty pharmaceutical company to promote non-narcotic treatment options for treating pain.The partnership pairs the National Lacrosse League based in Conshohocken, Pa., with Eaglet Corp. (NASDAQ) of Wayne. Egalet is the first pharmaceutical partner for the NLL.The two-year agreement will focus on physician education around pain management. It will include a product symposium at the 2017 NLL Medical Summit to educate physicians…
Study: Life sciences industry generates $88B for Pa. economy
Tuesday September 19th, 2017 04:39:47 PM John George
The report found the sector is also responsible for more than 340,000 jobs in the state.
Science Center coworking space lands 'Grit' author Angela Duckworth as anchor tenant
Tuesday September 19th, 2017 04:30:23 PM Michelle Caffrey
The University City Science Center and Drexel University's ic@3401 space is getting grittier.Angela Duckworth, author of the bestselling book "Grit" and MacArthur genius grant recipient, will bring her Character Lab organization to the coworking space as its anchor tenant. The coworking space is already home to more than 30 early-stage startups.The Science Center announced the move Tuesday alongside the news that tech and startup-focused law firm Cooley would also make ic@3401 its first location…
Photos from the Health Care Innovators & Extraordinary Doctors Awards ceremony
Tuesday September 19th, 2017 03:49:48 PM Clara Lefton
On Sept. 14, the Philadelphia Business Journal hosted the Health Care Innovator and Extraordinary Doctor Awards of 2017. The event took place from at the Ballroom at the Ben in Center City.THE DOCTOR IS IN: Here are the Health Care Innovators & Extraordinary Doctors of 2017About 180 attendees celebrated the companies leading innovation in the life sciences sector, along with the region’s “extraordinary” doctors. The selected companies are engaged in various segments of the health care industry,…
Independence unveils new health plan options for 2018
Tuesday September 19th, 2017 03:18:20 PM John George
Independence Blue Cross said Tuesday it will be offering large employers in southeastern Pennsylvania an expanded portfolio of more than 150 medical and 20 prescription drug health insurance products for 2018.The product options are for businesses, both fully-insured and self-funded customers, in the five-county region with 51 or more employees.“We developed our new medical and pharmacy options to offer the right mix of products at the right price for large employers in our region,” said…
FTC OKs $4.4 billion Walgreens-Rite Aid deal
Tuesday September 19th, 2017 02:32:27 PM Alison Burdo
Walgreens Boots Alliance has received regulatory approval to buy 1,900 Rite Aid stores from the Pennsylvania-based drugstore chain for $4.4 billion.The deal will make Walgreens the country's largest retail pharmacy by store locations – putting the Deerfield, Ill.-based company ahead of CVS and other rivals.The sale agreement was modified ahead of the Federal Trade Commission granting approval. Years in the making, the last announcement from the two drugstore chains included the transfer of…
TD affiliate completes $4B acquisition
Tuesday September 19th, 2017 12:24:04 PM Jeff Blumenthal
TD Bank Group, through affiliate TD Ameritrade Holding Corp., has completed its $4 billion acquisition of Scottrade Financial Services, combining two of the largest online brokerages.The deal expands the U.S. operations of Toronto-based TD, which has its U.S. banking headquarters in Cherry Hill, N.J. and is the Philadelphia region’s second largest deposit taker.Omaha, Neb.-based TD Ameritrade (Nasdaq: AMTD) agreed last October to acquire St. Louis-based Scottrade’s discount brokerage operations…
Food & drink 'leading & redefining' Philadelphia retail landscape: Report
Tuesday September 19th, 2017 12:21:23 PM Kenneth Hilario
Nearly 100 restaurants and bars opened in 2016 in Center City, and another 15 closed or relocated.

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