Amazing article by Forbes - thank you for sharing this Danielle Wiley! Through 2021 and 2022, the SEC increased its rulemaking regarding SPACs. Your generosity will increase the affordability of a Temple education, break down barriers of inequity and open doors to opportunities for all. Facebook gives people the power. In addition, because SPACs are considered 'shell companies' under SEC rules, the post-merger company will be subject to increased SEC regulation, such as having to wait longer to rely on Rule 144 for resales of securities, or not being able to become a well-known seasoned issuer (WKSI) for at least three years post-merger. View PDF. After confirming the addition of a 14-partner group from Troutman Pepper Hamilton Sanders last week, leaders at Goodwin Procter said they have a 12-month plan to move their nascent Philadelphia life sciences, private equity and white-collar practices from a temporary sublease to a permanent office location. Porter discusses regulatory compliance, ATMP sponsors, and Philadelphia's Cellicon Valley. In 2021, the bull market for life sciences companies began to stall. Consulting Magazine recognizes women leaders in technology across three categories Leadership, Client Service and Innovation. Jennifer focuses primarily on the representation of . As cell and gene therapy manufacturing demand is expected to continue to outpace capacity, the Discovery Labs and CBM will help support the growth of Philadelphias cell and gene therapy companies. Jennifer L. Porter Lawyer / Attorney | Goodwin 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. 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. Troutman Pepper on LinkedIn: Philadelphia Business Journal Names 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. In addition to general office management, her responsibilities included business planning, revenue tracking, business and staff development, and environmental project management. Milestones/achievements/messages? 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. Contact Number Explore the many ways to contribute and several donation levels. Jennifer L. Troutman's office is located at 4401 Penn Ave, Pittsburgh, PA. View the map. Jennifer Porter's competencies. It may be protected by copyright . The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. 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. 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. OH-01847. Additionally, the target company needs to be careful to understand the public company's assets and conduct thorough diligence to understand what liabilities it could be taking on. A cold front passes through the health care and life sciences IPO market. 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. Join Facebook to connect with Jennifer Porter and others you may know. #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. (magna cum laude 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. Jennifer L. Porter is a partner in the Life Sciences group at Goodwin. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Wealth Management Banker, Vice President - Legal Specialty Group at Wells Fargo Private Bank, NMLSR ID: 685248, Business Development Manager at Troutman Pepper, Senior Business Developer at AmLaw 50 Law Firm. Porter: The biggest issues were seeing for ATMP sponsors as we move out of the pandemic are related to manufacturing and financing. Site Map, Advertise| Facebook gives people the. Incredibly well-deserved. Practical guidance from an expert in the space. Access to the entire ALM network of websites, Unlimited access to the ALM suite of newsletters, Build custom alerts on any search topic of your choosing. #WPW2023 This button displays the currently selected search type. #templemade In our latest spotlight, meet Angela K. Pace, a #paralegal located in our Richmond office. Fourth, who would be the investors in the PIPE? Jennifer is related to Andrew Michael Troutman and Maria Yvonne Fox as well as 3 additional people. Troutman Pepper was proud to sponsor and speak at the ACC Greater Philadelphia In-House Counsel Conference. She represents life sciences companies, boards, and senior management in capital markets and M&A transactions as well . Jennifer Troutman for Itasca Village Board Trustee | Itasca IL - Facebook 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. Troutman was unprofessional. Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. For this reason, a contemporaneous PIPE is often an important add-on to a SPAC merger, as the trust funds can't reliably be counted on to be available post-closing. Likewise, the public company should also conduct diligence on the target's assets to ensure they're securing the best deal for their shareholders. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. For life sciences companies, pivoting in a down market. In a typical SPAC structure, a SPAC goes public through the traditional IPO process, raising significant capital, and then has a limited amount of time to find a private company candidate to merge into it through a reverse merger. Jennifer L. Troutman, NP | Pittsburgh, PA - US News Health https://bit.ly/3mZQgdK, Congratulations Jennifer! #philadelphia #dining #restaurants #commercialrealestate #foodanddrink. About Us| 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. Jennifer Porter - Partner - Goodwin | LinkedIn If the answer is "very," a reverse merger will likely be the better option. The firm began adding attorneys in Philadelphia roughly a year ago. Porter: Philadelphias Cellicon Valley continues to grow. Given these challenges, ATMP sponsors are now implementing cost-saving strategies to extend cash runways, which can, among other strategies, include limiting development focus to one or two programs at a time.In addition, ATMP sponsors are looking for more creative financing alternatives, such as strategic collaborations with large pharma partners, royalty financing, venture debt and support from inside investors, to get them through until the markets rebound. Jennifer F. Treadwell | Troutman Pepper But with the IPO market currently in a slump, private companies may want to consider two alternative paths to going public reverse mergers and special purpose acquisition company (SPAC) mergers that could provide them the resources necessary to continue growing. Jennifer Porter is the Managing Partner of The Boda Group, a leadership and team development firm. 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? 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. The offering is for floors three to 13, or 703,466 square feet. Porter: Philadelphia's Cellicon Valley continues to grow. Philadelphia. The indicator measures knowledge of, and skill in the exercise of, practices required for successful accomplishment of a business, job, or task. Our Team Account subscription service is for legal teams of four or more attorneys. In addition, this type of manufacturing requires skilled operators, and manufacturers are facing the same labor challenges seen in the rest of the economy. Great Forbes piece on the fact that 40 million 50+ American women represent over $15 TRILLION dollars in purchasing power and are the healthiest, wealthiest, and most active generation in history but are fully ignored by marketers. You can update your choices at any time in your settings. 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. The Q&A covers #regulatorycompliance, ATMP sponsors, and Philadelphias Cellicon Valley. Email. Other former Troutman partners who began this week at Goodwin are Jennifer Porter, Geoff Starr, Timothy Atkins, Daniel Scolnick and Abraham J. Kwon in the life sciences group; John McGrath . Thank you for the opportunity and the honor of sharing with your students Stacey Bennett, Communication Studies Area Head, Arts & Communication Department. Applied Clinical Trials: Since January 2020, the US Food and Drug Administration (FDA) has issued ten guidance documents for gene therapy program sponsors to align with the advances in research. We look forward to connecting with you! Jennifer Porter Troutman Pepper + Follow Contact. We look forward to connecting with you! Jean Dolan, M.A. 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. Learn more about Jason and our #Charlotte office, The Troutman Pepper #Hydropower Team will be attending and speaking at Waterpower Week in Washington, D.C. Accordingly, clients should be careful when seeking to limit the movement of their employees in agreement with competitors or discussing their employees pay with competitors. Dr. Porter Troutman oral history interview, 2006 November 20. The University of Evansville has been a part of my life and family for more than 25 years. Whether these rules slow the popularity of SPACs, or give them more credibility, remains to be seen. Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. Second, the public company will need to secure a stockholder vote for the deal, which will add time to the process. At a macro level, following record-breaking years in 2020 and 2021, the overall 2022 IPO market is on track . VCard. If the U.S. Securities and Exchange Commission closely scrutinizes the deal (which has been a recent trend), the private company might need to consider securing bridge financing from existing investors to buy it time until closing. For Life Sciences Companies, Pivoting in a Down Market, Women of Distinction 2022: Jennifer Porter, Troutman Pepper Hamilton Sanders. While a SPAC initially raises a significant amount of capital in its IPO, SPAC IPO investors have the right, in connection with a later proposed merger, to have their shares redeemed by the SPAC, which depletes the cash held in trust for the company that merges with the SPAC. 2. Troutman Pepper is proud to announce that we will be hosting the 2023 Philadelphia Alliance for Capital and . 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. Meeting projected time to market can be critical for these companies with respect to securing continued financing. 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. 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. #templemade Christina Furia-Daponte, Women's History Month factoid - apparently Pennsylvania had a woman Governor from 1712 until 1726!! We are pleased to introduce our new Charlotte Office Managing Partner Jason Evans. Don't miss the crucial news and insights you need to make informed legal decisions. Tell us about a chief financial officer who deserves recognition for their stewardship. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. She can be reached at jennifer.porter@troutman.com. Jennifer L. Troutman's office is located at 4401 Penn Ave, Pittsburgh, PA. Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. This class was BAD! There are limited manufacturers with the expertise and facilities to manufacture cell and gene therapy products. Join The Legal Intelligencer now! Generations of Temple students know Carnell Hallbut few know anything about the woman its name honors. View the profiles of people named Jennifer Troutman. What a great honor. Because a SPAC hasn't conducted business prior to going public, there are fewer diligence concerns for the private company. 2023 MJH Life Sciences and Applied Clinical Trials Online. Private companies contemplating reverse mergers need to be mindful of certain considerations. Temple Women's Network, Celebrating 2023 Temple Made Days with our TWN Honorees to the Gallery of Success! Reverse mergers can be beneficial because they can usually be completed more quickly than an IPO and for less cost. ATMP sponsors are also facing capitalization challenges in early 2022. 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. Following the 20202021 boom of early-stage IPOs, this is an option many currently distressed public life sciences companies are considering. Dr. Porter Troutman, UNLV #troutmanpepper attendees: Michael S. Lowe, Ashley L. Taylor, Jr., and Sean Fahey. This article was published by Reuters on November 17, 2022. Deals Value Clients Dimension N. of Transactions Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Several cell and gene therapy clients we were working with in the confidential registration statement process have paused their IPO plans. 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. Unlike an IPO, with a reverse merger a private company can go public without raising more capital, so the company will need to have a funding plan to make up for this lack of capital infusion. 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. Temple Women are Everywhere!! 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. In fact, less than 5% of marketing strategies target women over 50, despite our massive financial influence in the U.S. Before becoming Verdantas Mid-Atlantic environmental practice leader, Gresh was the Philadelphia division director. The indicator measures the degree to which objectives are achieved and the extent to which targeted problems are solved. 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. Troutman, Porter L. Jr. Here's an excerpt: a group of 40 million 50+ American women represent over $15 trillion dollars in purchasing power and are are the healthiest, wealthiest, and most active generation in history. Goodwin's Haul From Troutman Sanders Features 14 Partners, 10 in Philly Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. Temple University See here for a complete list of exchanges and delays. Law Offices of Gary Martin Hays & Associates Securing manufacturing capacity is a challenge. Both macro and micro forces have chilled the health care and life sciences IPO market. Jennifer Troutman in West Chester, PA - Whitepages Looking for Jennifer Porter online? Deals Value Clients Dimension N. of Transactions Last Quarter; Practice Area Jurisdiction Rank Agg. This group of super consumers, who will experience the largest population growth over the next 10 years, represent off-the-charts spending power, yet most of these women feel completely ignored by marketers. Last Update. Is a Rebound in the Offing for Biotech Investment? Rights. Temple Women's Network, Troutman Pepper Partner Jennifer Porter has played a critical role in a number of life sciences mergers and acquisitions, including Collegium Pharmaceutical's $604 million acquisition of BioDelivery Sciences International. Troutman Pepper Partner Jennifer Porter has played a critical role in a number of life sciences mergers and acquisitions, including Collegium Pharmaceutical's $604 million acquisition of BioDelivery Sciences International. 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. ACT: As we move out of the pandemic, what issues specific to ATMP sponsors are coming to the surface? Chuck Sensiba is presenting during the Tools of the Trade: Skill-Building and Applications for Negotiations Techniques, workshop https://www.law.com/thelegalintelligencer/2023/01/23/goodwins-haul-from-troutman-sanders-features-14-partners-10-in-philly/. At present there are over 30 cell and gene therapy companies and 60 labs in the region, as well as big pharma presence from GlaxoSmithKline, Bristol Myers Squibb, Merck, Sanofi, and Johnson & Johnson. They have also lived in Sunbury, PA and Mt Pleasant Mills, PA. Jennifer is related to Shirley M Troutman and Brian George Troutman as well as 2 additional people. https://lnkd.in/eyrEBJjH A total of 14 partners formerly with Troutman Pepper have commenced their practice at Goodwin Procter. Jennifer Porter Troutman Pepper Hamilton Sanders LLP - UNITED STATES. Opinions expressed are those of the author. First, the matchmaking process can be difficult as several private companies are turning to this alternative, so competition is high. Investors today are more discerning after witnessing several companies suffer from development setbacks or failures after their IPOs, and are now looking for ways to derisk, such as by investing in companies developing multiple products or products that can treat multiple indications, to afford more "shots on goal.". A recent major addition to Cellicon Valley is Discovery Labs and the Center for Breakthrough Medicine (CBM). ("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. jt65@evansville.edu. Jennifer Porter is a Partner at Troutman Pepper based in Atlanta, Georgia. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Jennifer also regularly counsels boards and senior management on a broad range of governance strategic matters, including fiduciary duties, compliance issues, and organizational matters. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Alicia Worthy on LinkedIn: Troutman Pepper To Host The 2023 PACT Nine of the 41 Honorees for 2022 are #TempleMade# They have also lived in Brookhaven, PA and Mechanicsburg, PA. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel Follow the Temple Women's Network, Congratulations toLynne Holden, MD -Temple University Lewis Katz School of Medicine and 2023 Gallery of Success Honoree!! [Audio recording] Oral History Research Center, Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Where is Jennifer L. Troutman's office located? A page to support and encourage Jennifer Troutman in running for Itasca Village Board Trustee in the consolidated. Beyond limited capacity, there can also be several issues that can arise in the transition from lab-based manufacturing in early development stages to scaled up production. #templemade As home to the University of Pennsylvania, Childrens 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. The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . Jennifer Porter PBV Directory 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. Terms of Service. This process also usually entails private companies competing in an auction process with respect to their valuations and post-merger equity splits, and with respect to their ability to raise a PIPE to ensure a sufficient cash runway. All Rights Reserved. j***@troutman.com. Q&A With Jennifer Porter, partner, Troutman Pepper Your article was successfully shared with the contacts you provided. I guess marketers assume that women over 50 only want cats and denture cream, assuming we're even able to lift a feeble appendage to click the buy button. She was a Legal intern for Judge Theodore McKee, United States Court of Appeals for the Third Circuit from 2006 to 2007. Gresh is a proud Temple alumna and former College of Science and Technology alumni board president who has been a dedicated supporter of Temple University and CST. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 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. https://lnkd.in/eS_krevS One Year In, SECs Gensler Has Delivered a Rulemaking Storm, Q&A With Jennifer Porter, Partner, Troutman Pepper, Century Therapeutics, Inc. in its $242.7 million initial public offering*, Collegium Pharmaceutical, Inc. in its $143.75 million offering of senior convertible notes*, Larimar Therapeutics, Inc. in its $80.5 million underwritten public follow-on offering*, Larimar Therapeutics, Inc. in its $80 million private placement*, Ocugen, Inc. in its $100 million registered direct offering*, Ocugen, Inc. in its $53.5 million public follow-on offering*, Societal CDMO, Inc. in its $35.6 million concurrent public offerings of common and preferred stock*, Recro Pharma, Inc. in its $30.0 million underwritten public follow-on offering*, TELA Bio, Inc. in its $57 million initial public offering*, TELA Bio, Inc. in its $55.2 million underwritten public follow-on offering*, TELA Bio, Inc. in its $36.8 million underwritten public follow-on offering*, Windtree Therapeutics, Inc. in its underwritten public offering and uplisting to Nasdaq*, Zynerba Pharmaceuticals, Inc. in its $57.5 million underwritten public follow-on offering*, Zynerba Pharmaceuticals, Inc, in its $48.3 million initial public offering*, Represented underwriters in multiple equity offerings and at-the-market offerings for life sciences issuers*, Collegium Pharmaceutical in its $604 million acquisition of BioDelivery Sciences International*, Eli Lilly and Company in its acquisition of Disarm Therapeutics for up to $1.22 billion*, Collegium Pharmaceutical in its $375 million acquisition of the nucynta franchise of products from Assertio*, Chondrial Therapeutics in its reverse merger with Zafgen, Inc. to form Larimar Therapeutics, and concurrent $80 million private placement*, Renovacor, Inc. in its sale to Rocket Pharmaceuticals, Inc.*, Societal CDMO, Inc. in its $50 million acquisition of IRISYS, a San Diego-based CDMO*, Recro Pharma, Inc. in its $175 million acquisition of a phase two product candidate and a manufacturing, formulation, and development business*, Renovacor, Inc. in its merger with SPAC Chardan Healthcare Acquisitions 2 Corp. and concurrent private placement*, ALKA bello in its acquisition of Otiprio and in other acquisitions and divestitures*, Panelist, Key Strategies for Navigating Your Career , Association of Corporate Counsel (ACC) Greater Philadelphia Chapter -Womens Summit, November 16, 2022, Panelist, State of the Market: Trends and Issues in Health Care and Life Sciences Transactions, ACC Greater Philadelphia In-House Counsel Conference, May 4, 2022, Co-Author, SECs Division of Corporation Finance Revises CD&Is on Non-GAAP Financial Measures, Troutman Pepper, December 16, 2022, Co-Author, SEC Proposes Rule Amendments for Beneficial Ownership Reporting, Troutman Pepper, February 28, 2022, Co-Author, SEC Proposes Rule Changes Shortening the Securities Settlement Cycle to T+1 By March 31, 2024, Troutman Pepper , February 28, 2022, Co-Author, SEC Proposes Rule Amendments Relating to Rule 10b5-1 and Insider Trading, Troutman Pepper, December 17,2021, Co-Author, SEC Proposes Rule Amendments to Improve Disclosures Relating to Share Repurchases, Troutman Pepper, December 16, 2021.
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