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Club Level Feature
Making What's Next in Medicine: Why Research at Penn Powers Many FDA-Approved Treatments
Since 2017, the FDA approved more than two dozen new therapies with roots at Penn Medicine — almost half of which are first-in-class for their indications. Becoming a hub for drug research and development took a lot more than luck.
The news reached Abramson Cancer Center (ACC) Director Robert Vonderheide, MD, DPhil, at 11 a.m. on August 30, 2017. It was official: That morning, the U.S. Food and Drug Administration (FDA) approved a Penn Medicine-developed personalized cellular immune therapy.
Six hours later, Vonderheide was standing atop a coffee counter in the atrium of the Perelman Center for Advanced Medicine, addressing hundreds of jubilant faculty and staff members who had gathered for a now-iconic “flash mob” celebration of the milestone. Carl June, MD, and a team of scientists, physicians, and other dedicated staff had together turned a dream of using patients' own immune cells to treat their cancer, into a reality.
Vonderheide called the discovery “a 20-year overnight sensation.” It would be a defining moment for Penn's identity as a place that incubates and brings to life some of the most transformative modern medical advancements.
Read more »
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UPCOMING PROGRAMS
Thursday, September 14, 2023: The Art of the Matter — Global Intrigue & International Auctions »
Tuesday, October 17, 2023: Ties Between Two Great Nations — American & British Architecture & Design »
Thursday, December 7, 2023: 2023 Signature Annual Holiday Lunch — Goal! Transatlantic Commerce & The Business Behind Sports »
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PAST EVENTS
Thursday, April 13, 2023: Mod Madness: UK-US Trivia & Networking with BABCPHL's Emerging Leaders »
Wednesday, April 26, 2023: U.S. Customs and Border Protection: Insights on Imports/Exports from the U.S. Customs House »
Thursday, May 11, 2023: 12th Annual New Jersey Networking Event & Dinner »
Sunday – Thursday, May 14 – 18, 2023: Scottish North American Business Council Trade Mission to Greater Philadelphia »
Monday – Tuesday, June 12 – 13, 2023: The British American Business Network's 23rd Annual Transatlantic Conference »
Thursday, July 13, 2023: 11th Annual Summer International Networking Reception »
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HUMAN INTEREST FEATURE
McCann Team State of the Residential Real Estate Market
Mid-Atlantic: Continued Growth, Setting it Apart from Other National Regions
Throughout July, the Mid-Atlantic region saw a 3.9% increase in home prices, boosting the median price to $400,000. This made for the strongest price growth since the beginning of this year, going against the trends seen in other national markets.
The summer market has remained strong, a continuation of the patterns previously observed in June. The elevated mortgage rates have not discouraged competition among buyers vying for a property among the historically low levels of inventory. This is according to the Mid-Atlantic July Housing Report released by Bright MLS.
Dr. Lisa Sturtevant, Chief Economist at Bright MLS, has expressed her surprise at the market's resilience in the face of higher rates and prices. She noted that even first-time buyers are finding ways to navigate the competitive landscape, with tactics like assumable mortgages and seller financing becoming part of the conversation.
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NEW MEMBERS
The BABCPHL is pleased to formally announce and welcome our newest members.
Club Member:
Baker Tilly US, LLP
Robert Jaffe
Director, Growth Strategies
E: robert.jaffe@bakertilly.com
P: 215-972-2521
1650 Market Street
Suite 4500
Philadelphia, PA 19103
https://www.bakertilly.com/
Corporate Members:
ieso Digital Health Inc.
Deborah Cleary
Head of Payer Development
E: d.cleary@iesohealth.com
P: +44 (01223) 752574
101 Federal Street
Suite 900
Boston, MA 02110
https://www.iesogroup.com/
Freeman's
Grace Fitts
Director, Client Advisory Services | Private & Corporate Collections
E: gfitts@freemansauction.com
P: 267-414-1254
2400 Market Street
Suite 304
Philadelphia, PA 19103
https://www.freemansauction.com/
Educational, Arts & Charitable Institution Member:
DBE National Society
Susan J. Gerrity
National President
E: susan.gerrity@icloud.com or president@dbenational.org
P: 610-220-6074
https://www.dbenational.org/
Individual Member:
David Klucsik
E: david.m.klucsik@verizon.net
P: 609-516-6764
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MIND THE GAP
Whiskey has been around for more than 1,000 years when Scottish and Irish monasteries fermented grain mash which resulted in the first distillations of modern whiskey. It was not until the 1820's that an aged whiskey called “bourbon” was produced. Although they may look the same there are many differences between bourbon and whiskey. One of those differences includes the way it is manufactured and aged. For example, bourbon must be made with at least 51% corn. Another difference is bourbon is always aged in new charred oak barrels whereas other whiskeys can be aged in barrels that were previously used.
Trivia:
What is the most popular whiskey in both the UK & US?
The first person to submit the correct answer to babc@babcphl.com will receive one complimentary ticket to The Art of the Matter: Global Intrigue & International Auctions event, taking place on Thursday, September 14, 2023.
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