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West Conshohocken’s Madrigal Pharmaceuticals Gets FDA Green Light
West Conshohocken’s Madrigal Pharmaceuticals earned a major win with the FDA approval of its first commercial product, reports John George for the Philadelphia Business Journal. Rezdiffra, a treatment for NASH or nonalcoholic steatohepatitis, is the first therapy cleared for the U.S for this condition, which affects millions of Americans. With the FDA’s green light, Madrigal…
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Smoking in Pennsylvania Comes with High Cost
Smoking takes a toll on Pennsylvanians’ wallets, with a new report revealing that the habit costs the average smoker thousands each year, writes Ashley Adams for The Keystone. Financial planning website WalletHub has found that a smoker in the state spends around $4,022 per year on smoking, which comes out to $193,070 over their lifetime.…
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King of Prussia’s Universal Health Services Braces for $400 M Hit from Medicaid Cuts
Universal Health Services is looking at a financial curveball, but isn’t panicking, writes Harold Brubaker for The Philadelphia Inquirer. The King of Prussia company operates acute-care and behavioral health facilities in 39 states, and is looking at up to $400 million in lost Medicaid funding by 2032 due to a shift in federal policy. The…
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FCC Initiates Second Investigation of Comcast and NBCUniversal This Year
The Federal Communications Commission has launched another investigation into NBCUniversal and its parent company, Comcast, this year, focusing on their management of local broadcast television affiliate stations, writes Nick Vadala for The Philadelphia Inquirer. This follows the commission’s February investigation into the Philadelphia-based company’s diversity, equity, and inclusion practices. In a letter sent to Comcast…
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Plymouth Meeting Office Building Sells for $5.2M, One-Third of 2018 Price
FLD Group of Eatontown, New Jersey, and New York’s Adjmi family has acquired the Plymouth Meeting office building at 2250 Hickory Road for $5.2 million, writes Paul Schwedelson for the Philadelphia Business Journal. The two developers purchased the 83,000-square-foot building just north of Plymouth Meeting Mall because it sits next to the Plymouth Meeting Executive…
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Philadelphia International Airport Ranks Among Ten Most Expensive in U.S.
Philadelphia International Airport is ranked among the ten most expensive airports in the United States, specifically during the summer months, writes Claudia Dimuro for the Harrisburg Patriot-News. A study by Nationwide Vehicle Contracts identified the local airport as the seventh priciest for parking, citing an average weekend cost of $14.57. The top three most expensive…
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UPenn Bets on AI Future with Betty Supercomputer in Collegeville
The University of Pennsylvania joined the AI arms race with Betty, a new supercomputer located in Collegeville, about 30 miles from its main campus, writes Joseph N. DiStefano for The Philadelphia Inquirer. Betty, a glass-walled stack of central and graphics processing units with data storage, will run AI models that generate findings after searching and…
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Why King of Prussia Is Still a Top U.S. Mall in 2025
In a retail climate where many malls have shuttered or stagnated, the King of Prussia Mall is bucking the trend and redefining what a mall can be, writes Gabriela Barkho for Modern Retail. As one of the most visited and expansive retail destinations in the country, the Montco mainstay continues to evolve through strategic investment,…
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PAED Celebrates 60 Years of Renewal and Growth in Pottstown
For six decades, Pottstown Area Economic Development (PAED) has served as the Borough’s driving force for revitalization, reinvention, and economic growth. Originally founded in 1965 and established as a 501c3 non-profit corporation, Pottstown Area Industrial Development (PAID), helped guide the region through the exodus of heavy industry and into a new era of diverse development.…
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GSK Partners with Chinese Pharma Co. in $500M Deal
Pharma giant Glaxosmithkline, which has major operations in Upper Providence and West Point, is partnering with China-based Hengrui Pharma, writes the company in a press release. The $500 million collaboration unlocks the potential for up to 12 new treatments, bolstering GSK’s pipeline well beyond 2031. The partnership will put a strong focus on respiratory diseases,…
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Is Conshohocken Site of Former Cleveland-Cliffs Poised for a Future in Tech?
The once busy Cleveland-Cliffs steel plant in Conshohocken may soon be reborn, writes Paul J. Gough for the Philadelphia Business Journal. In all likelihood, its future will not be in molten metal, but in high-speed data cables. Representatives of the plant that closed earlier this year due to financial loss say they have received serious…
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Fort Washington’s Toll Brothers Plans 74 Homes on Former Florida Golf Course
Fort Washington-based Toll Brothers plans to build 74 homes on a former golf course in Boca Raton, Florida, which has been closed since 2006, writes Brian Bandell for the Philadelphia Business Journal. Boca Raton Executive Country Club filed land use amendment, rezoning, and site plan applications for the 55.1-acre property. The clubhouse, once part of…
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Here’s What to Expect When Netflix House Opens in King of Prussia
Streaming fans now know more about what to expect from the Netflix House coming to King of Prussia, writes Samantha Geiger for Main Line Today. The 100,000-square-foot venue will transform the former Lord & Taylor space into a fully immersive fan experience, and it will be more than just a photo op. It will combine…
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Bala Cynwyd’s The 1916 Company Teams Up With ‘Shark Tank’ Investor
Bala Cynwyd’s The 1916 Company has teamed up with ‘Shark Tank’s‘ Kevin O’Leary, writes Abigail Chachoute for the Philadelphia Business Journal. Through a new partnership with O’Leary’s WonderCare platform, customers can now insure high-end pieces at checkout. WonderCare offers a fully digital insurance experience tailored for luxury watches. The platform is backed by insurance powerhouse…
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Angelo’s Pizzeria Is Coming to Conshohocken as Expansion Heats Up
Angelo’s Pizzeria owner, Danny DiGiampietro is expanding in every direction, writes Michael Klein for The Philadelphia Inquirer. DiGiampietro recently confirmed he’s planning a new pizzeria in Conshohocken. The move builds on his takeover last year of the longtime Conshohocken Italian bakery, where his team now bakes bread for wholesale clients and delivery. The Pizzeria business…
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PAED Spotlight: OWM Law Expands in Pottstown, Anchoring Premier Sunset Drive Property
O’Donnell, Weiss & Mattei, a leading regional law firm has planted deeper roots in Pottstown, signaling a new chapter for one of the borough’s most distinctive commercial properties. OWM Law now occupies 9,000 square feet of newly renovated office space at 1503 Sunset Drive. The move consolidates their long-standing connection to the community while positioning…
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Two Montgomery County Castles on Pennsylvania’s List of Nine Majestic Fortresses to Visit
Pennsylvania is home to many grand castles where visitors can explore history and admire stunning architecture, including two which are located in Montgomery County, writes Kalena Thomhave for The Keystone. Today, Grey Towers Castle sits on the campus of Arcadia University in Glenside, but when it was first built, it served as the home of…
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New CEO, Ed Jimenez Charts Growth Path for Main Line Health
Main Line Health’s new CEO, Ed Jimenez, stepped into his new role with a vision to bring the healthcare system back to profitability, writes Harold Brubaker for the Philadelphia Inquirer. His arrival comes as the nonprofit emerges from pandemic-era losses and aims for a return to stable growth. Jimenez and his wife just moved into…
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