See here for a complete list of exchanges and delays. 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. 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. jt65@evansville.edu. Are the executives confident they can tell a compelling story to investors about why the company has forward momentum and why investing now will help it get to another value inflection point? Porter discusses regulatory compliance, ATMP sponsors, and Philadelphia's Cellicon Valley. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. #philadelphia #greaterphiladelphia #womenofdistinction #lifesciences #lawyer, Executive Director, Girls on the Run Philadelphia, MossRehab will have a prominent role in the transformation, which will see the hospital's emergency room close on June 30. Audio recording clip of interview with Dr. Porter Troutman by Claytee D When leaders of private biotech and pharmaceutical companies and their in-house counsel are contemplating a reverse merger or SPAC merger as an IPO alternative, they must be cognizant of the pros and cons of each so they can avoid doing more harm than good to their company's valuation, reputation, and prospects. It was especially insightful to hear their thoughts about a career in Marketing & Communications. 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. At a macro level, following record-breaking years in 2020 and 2021, the overall 2022 IPO market is on track . This article was published by Reuters on November 17, 2022. As part of their growth strategy, private biotech and pharmaceutical companies often seek to raise capital through initial public offerings (IPOs). 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. The indicator measures the degree to which objectives are achieved and the extent to which targeted problems are solved. Follow TWN For the next 24 hours,you canto show your support in the areas that matter most to you. #templemade. SEC; Publicly-Traded Companies; Coronavirus/COVID-19; Life Sciences; Nasdaq; Proposed Amendments . Temple Toast is Today! She can be reached at jennifer.porter@troutman.com. Elizabeth McCormick is presenting for the Considerations for Voluntary Dam Removal session. The firm began adding attorneys in Philadelphia roughly a year ago. Popular Topics by This Author. Since 2018, several cell and gene therapy companies headquartered in the Philadelphia area, such as Cabaletta Bio, Castle Creek Bio, Century Therapeutics, and Passage Bio, have completed successful IPOs, with six IPOs in 2020 alone. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel Goodwin's Haul From Troutman Sanders Features 14 Partners, 10 in Philly Jennifer Troutman Profiles | Facebook This button displays the currently selected search type. j***@troutman.com. Association of Childhood International Association Teacher Education, 1999/2000. 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. #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. Whether these rules slow the popularity of SPACs, or give them more credibility, remains to be seen. The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . Temple University. #laborandemployment. Jennifer Porter, a partner in Troutman Peppers #HealthSciences Department, was recognized among the 2022 #Women of Distinction by the Philadelphia Business Journal. Jennifer also regularly counsels boards and senior management on a broad range of governance strategic matters, including fiduciary duties, compliance issues, and organizational matters. 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. Goodwin lawyers currently inhabit temporary space in the Cira Center. #templemade Facebook gives people the power. She is a graduate of Bates College and the Stanford Graduate School of Business, an experienced . Jennifer Porter's Phone Number and Email. 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. Second, who are the current investors in the reverse merger candidates? Build a Morning News Digest: Easy, Custom Content, Free! Today is the final day to submit a nomination for the CFO of the Year awards. That's cool, just keep on chasing Gen Z while writing off the generation with actual spending power! Dr. Porter Troutman, UNLV ATMP sponsors are also facing capitalization challenges in early 2022. Both macro and micro forces have chilled the health care and life sciences IPO market. Temple Women are Everywhere!! Were spotlighting members of our #troutmanpepperTEAM to provide a glimpse into the people who make it all possible. These services have included strategic real estate property assessment, remediation, planning for Brownfield redevelopment projects and managing large multidisciplinary projects. 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. Incredibly well-deserved. Join us in congratulatingJennifer Porter- Partner inTroutman Pepper's Health Sciences Department. Check out the topics we will be covering below or click the link to learn more. 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. Deals Value Clients Dimension N. of Transactions Last Quarter; Practice Area Jurisdiction Rank Agg. Goodwin Life Sciences Partner & Co-managing partner Philadelphia office, Partner in the Health Sciences Department at Troutman Pepper. How receptive have sponsors been to the various guidance and what. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Select Accept to consent or Reject to decline non-essential cookies for this use. Jennifer Troutman - Address & Phone Number | Whitepages Jenn DeVan Troutman - LinkedIn Porter: Philadelphias Cellicon Valley continues to grow. Check Jennifer L. Troutman's profile to see which insurance they accept. The second best result is Jennifer M Troutman age 40s in Mount Pleasant Mills, PA. ("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. Jennifer Porter Senior Tax Manager at Pepper Financial Services Group 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. Sponsors often have post-closing board representation. Her recent projects included EPA Brownfield-funded environmental assessment and cleanup of abandoned oil terminals along the Schuylkill River to support redevelopment for Bartrams Trail and citywide assessments of Philadelphias parks and recreation properties for potential lead impact. BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions. Welcome, Joseph J. Following the 20202021 boom of early-stage IPOs, this is an option many currently distressed public life sciences companies are considering. Temple Women are Everywhere!! 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. Jennifer Porter is a partner in Troutman Pepper's Health Sciences Department. 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. Jennifer Porter, Troutman Pepper Hamilton Sanders ; Anne Prisco, Holy Family University ; Cindy Reiss-Clark, West Pharmaceutical Services ; Tracey Santilli, Tierney ; Businesses should not expect this most recent setback in the DOJ's effort to secure criminal convictions for #labor-side violations to slow down their enforcement actions. 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. In the life sciences space, the reverse merger is often into a public life sciences company that has cash on hand and has experienced a failed clinical program. 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 . Here are their answers on the Roosevelt Boulevard subway proposal, future tax abatements, a possible wealth tax and much more. Jennifer Porter at Troutman Pepper | JD Supra Expanding in Complementary Markets, Morgan Lewis Takes Entire Shearman Office in Munich, Including Personnel and Real Estate, As Demand Rises for Data Security Talent, Manatt Hires Faegre Drinker Cybersecurity Leader, Law Firm Leadership's Guide to Strategic Implementation of GPT-4, Law.com Editors and Analysts Offer Top Trends to Watch for 2023, State of the Industry: What a Difference a Year Makes, Consulting Women Leaders in Technology 2023, COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered. 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. 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. Jennifer is related to Andrew Michael Troutman and Maria Yvonne Fox as well as 3 additional people. Westlaw Today is owned by Thomson Reuters and operates independently of Reuters News. Hannah Callowhill Penn - https://lnkd.in/eJs2PYWe, #TempleToast- Monday, March 27 - Dont miss your chance to support the next generation of Temple Students making a change in this world. It may be protected by copyright . 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. 2023 MJH Life Sciences and Applied Clinical Trials Online. Follow TWN and stay connected with them all!! Want to see someone you know featured? In 2021, the bull market for life sciences companies began to stall. #philadelphia #dining #restaurants #commercialrealestate #foodanddrink. For life sciences companies, pivoting in a down market. 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. The complexities of #lawfirm mergers are vast. Several cell and gene therapy clients we were working with in the confidential registration statement process have paused their IPO plans. https://bit.ly/3mZQgdK, Congratulations Jennifer! We are pleased to introduce our new Charlotte Office Managing Partner Jason Evans. Reverse mergers: a simplified, but less stabilized, process. 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. Troutman, Porter L. Jr. 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. Societal CDMO's $35.6 Million Underwritten Public Offerings, Larimar Therapeutics' $80.5 Million Shares Offering. Together we can enhance every aspect of life on campus - from supporting the cherry and white on the sports field to supporting our students in the classroom and beyond. She represents life sciences companies, boards, and senior management in capital markets and M&A transactions as well . Q&A With Jennifer Porter, partner, Troutman Pepper. 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. Don't miss Applied Clinical Trials Magazine's interview with #troutmanpepper's Jennifer Porter. 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. Join us in congratulatingJennifer Gresh, Mid-Atlantic Environmental Practice Leader at Verdantas. Join Facebook to connect with Jennifer Troutman and others you may know. Before joining Goodwin, Jennifer was a partner at Troutman Pepper Hamilton Sanders LLP. This class was BAD! Homepage | Troutman Pepper PIPEs often attract high-quality investors, so PIPE investors with industry experience and connections could make up for the lack of either in the reverse merger candidate's investors or the SPAC sponsor's connections. Prior to joining Goodwin, Jennifer practiced at another large international law firm. Jennifer Porter - Reuters 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. Fourth, who would be the investors in the PIPE? 2023 MJH Life Sciences and Applied Clinical Trials Online. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Reverse mergers can be beneficial because they can usually be completed more quickly than an IPO and for less cost. A recent major addition to Cellicon Valley is Discovery Labs and the Center for Breakthrough Medicine (CBM). 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. Practice Area Jurisdiction Rank Agg. As Women's History Month comes to a close, we take a look back at one of the women who made history at Temple University, Dr. Laura Horner Carnell (September 7, 1867March 30, 1929) A cold front passes through the health care and life sciences IPO market. Jennifer L. Troutman, NP | Pittsburgh, PA - US News Health Consider a donation to the area that matters the most to you Today's the day!! Securing manufacturing capacity is a challenge. 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. All rights reserved. #philadelphia #greaterphiladelphia #mayoralelection #government #politics, The 18.5-acre farmland estate in Montgomery County has 10 different buildings on the property, including a historic home that was once a school and outbuildings used as a gym, a greenhouse, event space and even a soap-making space. Q&A With Jennifer Porter, partner, Troutman Pepper 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. This can help eliminate surprises from the agency that could result in clinical holds, which can derail development timelines, and/or require costly additional development work, including additional clinical trials or comparability studies. Through 2021 and 2022, the SEC increased its rulemaking regarding SPACs. The pros and cons of reverse mergers and SPAC merger. Troutman Pepper's alumni relations professionals, Erin Warner and Clare Roath, recently published an article in Law360 discussing the importance of law firm management's mindfulness of alumni engagement efforts during a #merger. Jennifer focuses primarily on the representation of . The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. Philadelphia 'Heavy Hitters' Exit Troutman Pepper, Casting Doubts on Merger Success, Big Law's Latest Growth Strategy? Jennifer L. Troutman's office is located at 4401 Penn Ave, Pittsburgh, PA. #troutmanpepper attendees: Michael S. Lowe, Ashley L. Taylor, Jr., and Sean Fahey. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. Jill Beck Runs for Pennsylvania Superior Court, Judge Matthew Wolf Runs for Commonwealth Court, Longtime Paul Hastings CFO Departs Following Wave of Exits, Judge Rejects Motion by Trump Lawyers for Mistrial in Civil Rape Case, Bryan Neft Runs for the Commonwealth Court. Jennifer Porter - Partner - Goodwin | LinkedIn Before becoming Verdantas Mid-Atlantic environmental practice leader, Gresh was the Philadelphia division director. Nine of the 41 Honorees for 2022 are#TempleMade!! Who knew!? Jennifer has years of experience counseling clients in the life sciences industry through their most important strategic transactions and disclosure and governance issues. Porter: The biggest issues were seeing for ATMP sponsors as we move out of the pandemic are related to manufacturing and financing. The indicator measures the ability to convey information to another effectively and efficiently. 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. Congratulations to Temple University's Acting President JoAnne A. Jennifer L. Troutman, NP | Pittsburgh, PA - US News Health 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. For Life Sciences Companies, Pivoting in a Down Market, Women of Distinction 2022: Jennifer Porter, Troutman Pepper Hamilton Sanders. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel In addition to raising capital, an IPO can give a life sciences company a higher profile and potential access to new and widespread investors. A reverse merger occurs when a private company acquires a majority stake in a publicly held company, which then absorbs the formerly private company. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. At a macro level, following record-breaking years in 2020 and 2021, the overall 2022 IPO market is on track for its worst year in two decades ("IPO Market Faces Worst Year in Two Decades," The Wall Street Journal, Aug. 22, 2022). . Troutman Pepper's alumni relations professionals, Erin Warner and Clare Roath, recently published an article in Law360 discussing the importance of law firm management's mindfulness of alumni engagement efforts during a #merger. 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. Troutman Pepper Nov 2017 - Jan 2023 5 years 3 months. 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. Opportunities to give can be found here - https://lnkd.in/eGrEkihW Follow the Temple Women's Network and stay connected with them all!! Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. Terms of Service. 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. TWN is excited to share the news that JoAnne A. Epps has been named Acting President for Temple Universityhttps://lnkd.in/eJZNk_Vf 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. Email. Temple Toast is Temple Universitys annual day of giving, and your opportunity to contribute to a better future. Philadelphia. In addition, this type of manufacturing requires skilled operators, and manufacturers are facing the same labor challenges seen in the rest of the economy. CBM is the first and largest single-point cell and gene therapy Contract Development and Manufacturing complex in the world, offering plasmid, viral vector and cell therapy manufacturing as well as process development, analytical development and testing services all on one site. https://lnkd.in/g9J6J-Bg. https://www.law.com/thelegalintelligencer/2023/01/23/goodwins-haul-from-troutman-sanders-features-14-partners-10-in-philly/. Sep 18th, 2005. The University of Evansville has been a part of my life and family for more than 25 years. 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. 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. Given the climate in the capital markets, competition in the private financing markets has also increased, making crossover and venture financing more difficult to secure. 90% of the class did not pass his midterm exam because it had nothing to do with the lectures or the readings. Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. In our latest spotlight, meet Angela K. Pace, a #paralegal located in our Richmond office. Exclusive news, data and analytics for financial market professionals, Going public? Jennifer Porter is a Partner at Troutman Pepper based in Atlanta, Georgia. ACT: How is the local Cellicon Valley progressing? The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. Contact me. About Us| Select this result to view Jennifer Leighanne Troutman's phone number, address, and more. Jennifer Troutman for Itasca Village Board Trustee, Itasca, Illinois. Troutman Pepper Partner Jennifer Porter has played a critical role in a number of life sciences mergers and acquisitions, including Collegium Pharmaceutical's 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.
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