For sponsors, manufacturing setbacks can be expensive, and, especially for smaller start-ups and academic spinouts, can significantly derail development timelines. As a result, by roughly the midpoint of 2022, about a third as many biotech companies ( "Get ready for the biotech market rebound," Reuters Legal News, July 28, 2022) had completed an IPO as had done so by that same point in 2021. 2. However, leadership at these companies and their in-house counsel should carefully wegh the pros and cons of each alternative, and take into account several considerations, before pursuing a particular one. To read Barbara Sicalides, Chris Young, Megan Rahman, and Robert A. Jenkin II's recent American Bar Association's Business Law Today article, click below. Attorney Zulu Ali Renamed Top Ten Criminal & Immigration Lawyer by Attorney & Pr PVA Cal San Diego to Support Paul Ehline Motorcycle Ride Lytle Creek, SEDA Experts Expands its Forensic Accounting Expert Witness Practice. And, in the second quarter of 2022, both the number of biotech IPOs and the value of the companies that went public via IPO were the lowest since at least the first quarter of 2017, according to Fierce Biotech, a news website for the biotech industry. Her recent matters include: * Denotes experience prior to joining Goodwin. FDAs Project Optimus Guidance: Highlights and Tips for Success for Oncology Drug Developers, Designing Clinical Trials for Frontotemporal Dementia, DIA Europe 2023: De-Carbonizing Your Clinical Trials. A SPAC merger can provide a private company access to capital markets while providing the SPAC's initial investors a quick exit option. Jennifer Porter, a partner in Troutman Peppers #HealthSciences Department, was recognized among the 2022 #Women of Distinction by the Philadelphia Business Journal. Through 2021 and 2022, the SEC increased its rulemaking regarding SPACs. Rights. Jennifer Troutman for Itasca Village Board Trustee, Itasca, Illinois. Learn from some of the nations leading construction mediatorsincluding dos and donts, and what they wish every #attorney mediating before them would keep in mind. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Terms of Service. For Life Sciences Companies, Pivoting in a Down Market, Women of Distinction 2022: Jennifer Porter, Troutman Pepper Hamilton Sanders. 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. #laborandemployment. #laborandemployment. Temple Toast is Temple Universitys annual day of giving, and your opportunity to contribute to a better future. The indicator measures the evaluation of the difference between the cost of the tax / legal counsel and the contribution of the professional to achieve the business objectives of the matter. After seeing several high-valuation IPOs in the space, such as Sana Biotechnology, Lyell Immunoharma and Caribou Biosciences, there has been a significant slowdown. In addition to working within these guidelines, sponsors should maintain an open dialogue with FDA with regard to development plan, clinical trial design and manufacturing plans and procedures. Q&A With Jennifer Porter, partner, Troutman Pepper. When expanded it provides a list of search options that will switch the search inputs to match the current selection. https://www.law.com/thelegalintelligencer/2023/01/23/goodwins-haul-from-troutman-sanders-features-14-partners-10-in-philly/. The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. Troutman was unprofessional. Private companies contemplating reverse mergers need to be mindful of certain considerations. #philadelphia #greaterphiladelphia #cfo #finance, Backed by a massive increase in loans and the launch of a new business banking platform, Citadel Credit Union experienced record growth last year. Gresh, a licensed professional geologist, has dedicated her 20+ year career to supporting the environmental needs of private and public sector clients in the Mid-Atlantic Region. Goodwin Life Sciences Partner & Co-managing partner Philadelphia office, Partner in the Health Sciences Department at Troutman Pepper. Phone: 812-488-2108. These services have included strategic real estate property assessment, remediation, planning for Brownfield redevelopment projects and managing large multidisciplinary projects. Jennifer L. Troutman's office is located at 4401 Penn Ave, Pittsburgh, PA. Contact Number Troutman Pepper Nov 2017 - Jan 2023 5 years 3 months. Both macro and micro forces have chilled the health care and life sciences IPO market. Popular Topics by This Author. 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. https://lnkd.in/g9J6J-Bg. At a micro level, 2022's softening economic conditions are frightening away the generalist investors that came into the health care and life sciences industry in recent years seeking outsized returns. Jennifer Porter Troutman Pepper + Follow Contact. Sponsors often have post-closing board representation. This is particularly relevant for cell and gene therapies in the rare disease space, where, due to potential accelerated approval programs, sponsors could be moving to commercial manufacturing scale up in a short period of time. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. What a great honor. The indicator measures the ability to convey information to another effectively and efficiently. In addition, this type of manufacturing requires skilled operators, and manufacturers are facing the same labor challenges seen in the rest of the economy. All Rights Reserved. The offering is for floors three to 13, or 703,466 square feet. Porter: Philadelphias Cellicon Valley continues to grow. 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 can be reached at jennifer.porter@troutman.com. The indicator measures knowledge of, and skill in the exercise of, practices required for successful accomplishment of a business, job, or task. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. For life sciences companies, pivoting in a down market. Deals Value Clients Dimension N. of Transactions Last Quarter; Practice Area Jurisdiction Rank Agg. Candidates should Lawyers of Distinction like to congratulate to the newest 2022 Lawyers of Distinction. Chuck Sensiba is presenting during the Tools of the Trade: Skill-Building and Applications for Negotiations Techniques, workshop Temple Women's Network, Celebrating 2023 Temple Made Days with our TWN Honorees to the Gallery of Success! See here for a complete list of exchanges and delays. Contact Us| If a sponsor has deep industry connections, including individuals who want to pursue a board seat, this option could be more attractive than a reverse merger where the target's investors are primarily retail investors. Before joining Goodwin, Jennifer was a partner at Troutman Pepper Hamilton Sanders LLP. A neonatal nurse practitioner is a nurse who completed a graduate degree in advanced practice nursing and a . Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel Congratulations Jennifer Porter!What better way to ring in the new year than to celebrate Temple Alumnae honored as 2022 Women of Distinction? Jennifer Porter is the Managing Partner of The Boda Group, a leadership and team development firm. Practice Area Jurisdiction Rank Agg. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. To embed, copy and paste the code into your website or blog: Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: [Ongoing] Read Latest COVID-19 Guidance, All Aspects, [Hot Topic] Environmental, Social & Governance. Exclusive news, data and analytics for financial market professionals, Going public? #restaurants #dining #foodanddrink, A historic 1931 building on Market Street is up for sale again, two years after it was previously listed and then taken off the market. Temple University Check Jennifer L. Troutman's profile to see which insurance they accept. Incredibly well-deserved. Jennifer Porter's competencies. #philadelphia #greaterphiladelphia #creditunion #banking #finance, Restaurateur Avram Hornik of FCM Hospitality plans to open an outdoor seasonal garden restaurant on a vacant lot near Rittenhouse Square. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Text: 812-470-3148. This article was published by Reuters on November 17, 2022. SEC; Publicly-Traded Companies; Coronavirus/COVID-19; Life Sciences; Nasdaq; Proposed Amendments . Finally, how important is it for the private company to acquire legacy assets from a merger partner? The complexities of #lawfirm mergers are vast. Elizabeth McCormick is presenting for the Considerations for Voluntary Dam Removal session. A page to support and encourage Jennifer Troutman in running for Itasca Village Board Trustee in the consolidated. lead articles editor, Temple Law Review), New York University Leonard N. School of Business, Eastern District of Pennsylvania, Judge J. Curtis Joyner, 2022 Women of Distinction, Philadelphia Business Journal, Corporate Social Responsibility Law & Policy, Going Public? Tag them in the comments for consideration. Jennifer focuses primarily on the representation of public and private pharmaceutical, biotechnology, and medical device companies, advising on a broad range of complex transactions and corporate matters, including capital markets transactions, mergers and acquisitions, Securities Exchange Act reporting, corporate governance, licensing and collaboration transactions, and other strategic transactions. Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. She also worked on the development and implementation of a soil and groundwater management plan for over 200,000 tons of excavated materials in support of construction activities for the Betsy Ross Bridge-Aramingo Avenue Interchange Project. Your generosity will increase the affordability of a Temple education, break down barriers of inequity and open doors to opportunities for all. Angela tells us about her secret life as a detective and why being able to say she gave her all to a client is so rewarding. https://lnkd.in/eyrEBJjH CongratulationsJennifer Porter! Practical guidance from an expert in the space. Jennifer L. Porter is a partner in the Life Sciences group at Goodwin. partner, Troutman Pepper Hamilton Sanders Working on mergers and acquisitions in the life sciences field - of which Philadelphia is rapidly becoming a leader - Jennifer Porter has played a . Please join Troutman Pepper attorney Todd Heffner and the State Bar of Georgias #ConstructionLaw Section for an exciting virtual event featuring a panel of national mediators as they discuss #construction mediation from the mediators perspective. We look forward to connecting with you! 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. Before becoming Verdantas Mid-Atlantic environmental practice leader, Gresh was the Philadelphia division director. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 2023 MJH Life Sciences and Applied Clinical Trials Online. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. Both myself ('10, M '21) and my husband ('95) are UE alumni and are very proud of the educations we received here! Facebook gives people the. #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. In fact, less than 5% of marketing strategies target women over 50, despite our massive financial influence in the U.S. The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. How receptive have sponsors been to the various guidance and what are the key takeaways for companies in regard to maintaining regulatory compliance from these guidances? Jennifers representation of life sciences companies spans the corporate life cycle, including formation matters, general corporate representations and counseling, public and private securities offerings, and mergers and acquisitions. Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. . Shawn Queeney Jennifer Porter's Phone Number and Email. The complexities of #lawfirm mergers are vast. ACT: As we move out of the pandemic, what issues specific to ATMP sponsors are coming to the surface? If they include high-profile biotech investors, that could be a boom to the private company's efforts to grow and could give this option an edge over a SPAC merger. 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. Troutman Pepper var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); | Attorney Advertising, Copyright var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); JD Supra, LLC. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. ("Joe") Reilly, an experienced #attorney who advises financial services companies in various regulatory, enforcement, and compliance matters, to #troutmanpeppers nationally recognized #ConsumerFinancialServices Practice Group as a partner. Temple Women are Everywhere!! 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. Sponsors face the challenge of designing development plans and timelines to meet moving targets with respect to CMC requirements, clinical trial endpoints and criteria for approval. She also previously practiced as a Senior Associate at Hogan Lovells LLC, as an Associate at Pepper Hamilton, and as an Associate at Dechert LLP. Jean Dolan, M.A. Law Offices of Frank L. Branson seeks associate with ten plus years plaintiffs' complex, multi-defendant, personal injury trial and appellat Shipman is seeking an attorney with 8+ years of experience, to join our corporate and transactional practice. Candidates must have general We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. To read Barbara Sicalides, Chris Young, Megan Rahman, and Robert A. Jenkin II's recent American Bar Association's Business Law Today article, click below. Third, without a banker drumming up demand before an IPO, and then maintaining demand while stabilizing the stock price after, newly combined companies must do so on their own, which could lead to stock price instability. It was especially insightful to hear their thoughts about a career in Marketing & Communications. Until economic conditions are once again attractive enough for private biotech and pharmaceutical companies to pursue IPOs, reverse mergers and SPAC mergers will be viable alternatives. 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.