Here is just a handful of success stories from several board members who believe in the Commonwealth’s $2 billion initiative that will strengthen Southeastern Pennsylvania’s position as a leader in life sciences innovation.

 
 

“We are building a new spirit that will foster the growth of life science businesses across Pennsylvania. It’s about people. It’s about jobs. It’s about innovation. It’s about science. It’s about a strong return on a far-sighted investment.”

Frank Baldino, Jr., PhD.
Chairman, BioAdvance
Chairman and CEO, Cephalon, Inc.

Founded in 1987, Cephalon is an international biopharmaceutical company headquartered in West Chester, Pennsylvania, with over 1200 employees. Revenue from product sales in 2001 was $226.1 million.

 
 

“This cooperation between Pennsylvania’s government, public and private universities, venture capitalists, and regional leaders to develop the new system of state-funded LifeScience Greenhouses is something we will look back on, 20 years from now, as a great example of farsighted public-private initiative.”

Paul C. Brucker, M.D.
President, Thomas Jefferson University
Chariman, Jefferson Health Systems

Thomas Jefferson University, founded in 1824, is an academic health center consisting of Jefferson Medical College, one of the largest private medical schools in the United States; Jefferson College of Health Professions, providing education in health professions such as nursing and laboratory sciences and; Jefferson College of Graduate Studies, offering Ph.D. and M.S. degrees in both the basic science disciplines and areas related to health professions. The University serves as the primary academic affiliate for Thomas Jefferson University Hospitals and other Jefferson Health System hospitals.

 
 

“The $60 million venture fund committed by Governor Schweiker and the Legislature to foster new life sciences businesses in Pennsylvania is just the seed. From this seed, we plan to grow major financial resources to drive an explosion of entrepreneurial life sciences companies throughout the Commonwealth.”

Brenda G Gavin
Managing Partner, Quaker BioVentures

Quaker BioVentures is a new fund based in Philadelphia, focused on investments in life science companies in the Mid-Atlantic region.

 
 

“From its very beginnings, Centocor was able to find resources here in Pennsylvania, or convince others to bring them to us. The result has been a 20-year history of innovation and growth. First, Centocor became one of America’s most successful biotechnology companies. Today, it is a key biotechnology division of one of the world’s great life science businesses, Johnson & Johnson.”

David Holveck
Company Group Chairman
Johnson & Johnson

Centocor is a leading biopharmaceutical company that creates, acquires and markets cost-effective therapies that yield long-term benefits for patients and the healthcare community. Its products, developed primarily through monoclonal antibody technology, help physicians deliver innovative treatments to improve human health and restore patients’ quality of life. Centocor is a wholly owned subsidiary of Johnson & Johnson, the worldwide manufacturer of healthcare products.