Bristol Borough : In The News

Our sister publication Keystone Edge writes about Malvern biopharmacetucial startup Recro Pharma, among the new breed of companies presenting at the annual Biotech 2010 conference in Philadelphia.

There's no denying that the down economy has been rough for the life sciences sector. When industry news website FiercePharma listed the 10 companies that laid off the most workers in 2009, seven firms on the list had a presence in the Keystone State. But Chris Molineaux, president of the statewide advocacy group Pennsylvania Bio that is hosting its annual Biotech 2010 event next week, says the upheaval of Big Pharma represents a new model for the industry.

No longer will huge companies try to do every task under one corporate banner, Molineaux says. Already, it's increasingly common to outsource tasks like information technology, financing and the administrative aspects of clinical drug trials. Researchers remain in-house or come to a company through an acquisition.

"It's going to be more of a patchwork. We're not going to have 15 large pharmaceutical companies," Molineaux says. "We'll probably have 50 medium-sized pharmaceutical companies and dozens of these smaller contractors."

Original source: Keystone Edge
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The Washington Post caught up with suburban Philadelphia philanthropist Gene Epstein, who is promoting his $250,000 effort to donate $1,000 to charity for each unemployed person hired.

Epstein, who amassed a personal fortune through car sales and real estate investments, has set aside his money for the first 250 hires - and thinks thousands more jobs could be created if others took on his idea, too.

"It's an encouragement to businesses to not wait," said Epstein, who thinks the incentive may be just enough to get small businesses over the hump to make a hire in tough economic times. "This becomes like an incredible stimulus program."

The idea came to Epstein at his sprawling home in suburban Bucks County last month. He said he hopes his program will encourage businesses in the region and beyond to make hundreds of thousands of new hires they wouldn't have otherwise made.

Original source: Washington Post
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Wildly successful entrepreneur Jassi Chadha has brought his expertise to TiE-NJ/Philadelphia, a newer chapter of the global entrepreneurship organization, reports SiliconIndia.

TiE NJ-Philly is an offshoot of TiE Tristate. New Jersey and Philadephia had quite a lot of entrepreneurs who would often find it difficult to make it to New York for various events of the Tristate. Hence the need for a chapter in this geographic area became a necessity. Today under the leadership of Chadha, the TiE-NJ-Philly Chapter is helping the budding entrepreneurs in this geography to realize their goals and dreams by conducting various events, providing mentoring, and networking opportunities.

"There are aspects of entrepreneurship like optimism, excitement, energy, and a sense of adventure that is inspiring to read and get excited. It also drives people to do more and pursue big dreams. However, the path of entrepreneurship is often lonely, hard, and the journey hectic with challenges of different sorts. That's why entrepreneurs need to be supported and find the right support in programs that TiE offers," says Chadha.

Original source: SiliconIndia.
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The Philadelphia Inquirer reports on two online news publications that have launched recently, including yours truly.

As the market for news fragments, new models for journalism are emerging. Two of those experiments, Flying Kite and Patch, launched in Philadelphia last month.

"This is a fresh way to get fresh content about all the innovative things happening in our city," said Danielle Cohn, (Philadelphia Convention and Visitors) bureau spokeswoman.

Original source: The Philadelphia Inquirer
Read the full story here.