PDF - Pennsylvania Life Sciences Greenhouse Initiative

www.palsgi.com
PENNSYLVANIA
Life Sciences Greenhouse Initiative
April 2015
Regionally Attuned
Capital Efficient
Sector-Specific Expertise
Imp r o v i ng H u m an H e al t h an d th e C ommon wealth ’s E conom y
The Life Sciences Greenhouses are models of effectiveness and efficiency.
They capture the innovation potential of the life sciences industry and
nurture that potential with critical early-stage funding and sector-specific
business expertise. Pennsylvanians benefit directly as new companies
are formed, jobs are created, additional capital is attracted to the
Commonwealth, and life-saving technologies reach patients.
215.966.6214 I bioadvance.com
Results
New Companies
• 211 companies and projects funded
• 21 companies have exited, providing returns to investors and
entrepreneurs
717.635.2100 I lsgpa.com
Additional Capital
• More than $3.2 billion in private follow-on funding
• $105.1 million in follow-on federal funding
More Jobs
• 4,279 jobs created
412.201.7370 I plsg.com
• The average life sciences salary is $90,267, twice the average
PA private sector wage
175 Life-Saving Technologies
• 46 products originated by LSG companies have received
regulatory approval
• 149 new, unregulated products are being commercialized
See examples of breakthrough products on reverse.
Private-sector
leverage of
state dollars:
43:1
Healthcare Breakthroughs
April 2015
from Pennsylvania Life Sciences Greenhouse Initiative Portfolio Companies
The table below highlights just a few of the breakthrough products brought to market by companies backed by the
Life Sciences Greenhouse Initiative.
Company
ALung
Product name
Use
Hemolung® RAS
Respiratory assist system
Regulatory
approval
LSG
investor
EU
PLSG
Avid/Lilly
Amyvid™
Determines presence of beta
amyloid plaque in patients with
cognitive impairment
FDA
BA
Ceptaris
VALCHLOR™
(mechlorethamine) gel
Determines presence of beta
and IB mycosis fungoides-type
cutaneous T-cell lymphoma
(CTCL)
FDA
BA
Cohera Medical
Safe tissue adhesives
EU
PLSG
TissuGlu® Surgical Adhesive
Sylys® Surgical Sealant
Health Monitoring EpiCenter™
Systems
EpiStart
MediCenter
Monitor disease outbreak
Not applicable
PLSG
Indigo BioSciences
Receptor, Receptor Assay Kits
(38 total)
R&D kits
Not Applicable
LSGPA
InfraScan
InfraScanner 1000
InfraScanner 2000
Hand held device to detect brain
hematoma after head trauma
FDA
BA
INRange Systems
EMMA®
Remote medication management
FDA
LSGPA
Maculogix
AdaptDx™
Study of visual function and
ocular disease
FDA
LSGPA
NuPathe
Zecuity®
Sumatriptan transdermal patch
or migraine
FDA
BA
Novasentis
Clic-10™
Haptic feedback
Not applicable
LSGPA
Rinovum Women’s
Health
Stork™ Rinovum Vitamin Line
Reproductive health aid
FDA
PLSG
Saladax Biomedical
MyCare™
Chemotherapy optimization
Not applicable
LSGPA
BA = BioAdvance – Biotechnology Greenhouse
of Southeastern Pennsylvania
215.966.6214 I bioadvance.com
LSGPA = Life Sciences Greenhouse
of Central Pennsylvania
717.635.2100 I lsgpa.com
PLSG = Pittsburgh Life Sciences
Greenhouse
412.201.7370 I plsg.com