How receptive have sponsors been to the various guidance and what are the key takeaways for companies in regard to maintaining regulatory compliance from these guidances? Check out the topics we will be covering below or click the link to learn more. This material is made available to facilitate private study, scholarship, or research. All quotes delayed a minimum of 15 minutes. Join The Legal Intelligencer now! Join Facebook to connect with Jennifer Porter and others you may know. What better way to ring in the new year than to celebrate Temple Alumnae honored as 2022 Women of Distinction? The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Were spotlighting members of our #troutmanpepperTEAM to provide a glimpse into the people who make it all possible. Select Accept to consent or Reject to decline non-essential cookies for this use. 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.". ATMP sponsors are also facing capitalization challenges in early 2022. 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. 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 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. Meeting projected time to market can be critical for these companies with respect to securing continued financing. Westlaw Today is owned by Thomson Reuters and operates independently of Reuters News. Congratulations JoAnne Epps!! The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Gresh has provided high-level consulting services to the cities of Philadelphia and Wilmington and numerous economic redevelopment agencies. In addition to raising capital, an IPO can give a life sciences company a higher profile and potential access to new and widespread investors. 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. Contact me. The complexities of #lawfirm mergers are vast. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Jennifer Porter Senior Tax Manager at Pepper Financial Services Group Temple Women are Everywhere!! https://lnkd.in/g9J6J-Bg, Super excited to share my professional experience with students at Bucks County Community College. A total of 14 partners formerly with Troutman Pepper have commenced their practice at Goodwin Procter. Temple Women are Everywhere! 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. That's cool, just keep on chasing Gen Z while writing off the generation with actual spending power! Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Philadelphia 'Heavy Hitters' Exit Troutman Pepper, Casting Doubts on Merger Success, Big Law's Latest Growth Strategy? 90% of the class did not pass his midterm exam because it had nothing to do with the lectures or the readings. Wonderful recognition of your work, Jennifer Porter! As part of their growth strategy, private biotech and pharmaceutical companies often seek to raise capital through initial public offerings (IPOs). Jennifer also regularly counsels boards and senior management on a broad range of governance strategic matters, including fiduciary duties, compliance issues, and organizational matters. Jennifer Porter is a Partner at Troutman Pepper based in Atlanta, Georgia. 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 . The indicator measures the degree to which objectives are achieved and the extent to which targeted problems are solved. These services have included strategic real estate property assessment, remediation, planning for Brownfield redevelopment projects and managing large multidisciplinary projects. #philadelphia #greaterphiladelphia #womenofdistinction #lifesciences #lawyer, #templemade Second, the public company will need to secure a stockholder vote for the deal, which will add time to the process. The firm is currently subletting in the City of Brotherly Love, but it hopes to land permanent space for a "critical mass" of 50 attorneys within the next year. Were spotlighting members of our #troutmanpepperTEAM to provide a glimpse into the people who make it all possible. Finally, how important is it for the private company to acquire legacy assets from a merger partner? Jennifer L. Porter is a partner in the Life Sciences group at Goodwin. However, leadership at these companies and their in-house counsel should carefully wegh the pros and cons of each alternative, and take into account several considerations, before pursuing a particular one. Because a SPAC hasn't conducted business prior to going public, there are fewer diligence concerns for the private company. CongratulationsJennifer Porter! Reprinted here with permission. Follow the Temple Women's Network and stay connected with them all!! 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. ACT: How is the local Cellicon Valley progressing? Sponsors often have post-closing board representation. Is a Rebound in the Offing for Biotech Investment? 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. About Us| Before becoming Verdantas Mid-Atlantic environmental practice leader, Gresh was the Philadelphia division director. Demand for IPOs has taken a nosedive thanks to geopolitical instability, near-record levels of inflation, and rising global interest rates, leading the money raised by 2022's U.S. IPOs to be trending toward roughly 5%, of what was raised in 2021, according to EY Global IPO Trends. Christina Kahmar-McGinley, CFRE. In our latest spotlight, meet Angela K. Pace, a #paralegal located in our Richmond office. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel #troutmanpepper attendees: Michael S. Lowe, Ashley L. Taylor, Jr., and Sean Fahey. 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. #philadelphia #greaterphiladelphia #construction #development, We asked Philadelphia mayoral candidates for rapid-fire responses on a number of key topics. Nine of the 41 Honorees for 2022 are#TempleMade!! This class was BAD! Follow the Temple Women's Network, Congratulations toLynne Holden, MD -Temple University Lewis Katz School of Medicine and 2023 Gallery of Success Honoree!! #philadelphia #greaterphiladelphia #cfo #finance, Backed by a massive increase in loans and the launch of a new business banking platform, Citadel Credit Union experienced record growth last year. Thank you for the opportunity and the honor of sharing with your students Stacey Bennett, Communication Studies Area Head, Arts & Communication Department. Jennifer focuses primarily on the representation of . Second, who are the current investors in the reverse merger candidates? Jennifer has years of experience counseling clients in the life sciences industry through their most important strategic transactions and disclosure and governance issues. 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. Consider a donation to the area that matters the most to you Today's the day!! 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. The industry leader for online information for tax, accounting and finance professionals. (magna cum laude Explore the many ways to contribute and several donation levels. If a sponsor has deep industry connections, including individuals who want to pursue a board seat, this option could be more attractive than a reverse merger where the target's investors are primarily retail investors. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Popular Topics by This Author. VCard. ACT: As we move out of the pandemic, what issues specific to ATMP sponsors are coming to the surface? The indicator measures knowledge of, and skill in the exercise of, practices required for successful accomplishment of a business, job, or task. Learn more in our Cookie Policy. Whether these rules slow the popularity of SPACs, or give them more credibility, remains to be seen. Want to see someone you know featured? 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. 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. Chuck Sensiba is presenting during the Tools of the Trade: Skill-Building and Applications for Negotiations Techniques, workshop Contact. Who knew!? 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. Today is the final day to submit a nomination for the CFO of the Year awards. #WPW2023 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. The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. Both options are priced the same. 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. Previously, Jennifer was a Senior Associate at Hogan Lovells. A recent major addition to Cellicon Valley is Discovery Labs and the Center for Breakthrough Medicine (CBM). 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. Porter: Philadelphia's Cellicon Valley continues to grow. Jennifer L. Porter is a partner in the Life Sciences group at Goodwin. 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. 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. Temple University. See here for a complete list of exchanges and delays. What a great honor. Given the fundraising climate today in the public markets, and the cash on hand most targets have, reverse mergers are currently attractive options. Jennifer Porter is the Managing Partner of The Boda Group, a leadership and team development firm. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. #templemade. Jennifer Porter's competencies. This article was published by Reuters on November 17, 2022. Dr. Porter Troutman oral history interview, 2006 November 20. 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. 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. A page to support and encourage Jennifer Troutman in running for Itasca Village Board Trustee in the consolidated. 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. For the private company, SPAC mergers carry many of the same advantages and disadvantages as reverse mergers. 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. Elizabeth McCormick is presenting for the Considerations for Voluntary Dam Removal session. Text: 812-470-3148. Jennifer Porter, a partner in Troutman Pepper's #HealthSciences Department, was recognized among the 2022 #Women of Distinction by the Philadelphia Business And, in the second quarter of 2022, both the number of biotech IPOs and the value of the companies that went public via IPO were the lowest since at least the first quarter of 2017, according to Fierce Biotech, a news website for the biotech industry. Check out the topics we will be covering below or click the link to learn more. Likewise, the public company should also conduct diligence on the target's assets to ensure they're securing the best deal for their shareholders. Troutman Pepper is proud to announce that we will be hosting the 2023 Philadelphia Alliance for Capital and . Philadelphia. Andrea Wortzel is speaking on the Hot Regulatory and #Legal Topics panel #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. 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) #troutmanpepper attendees: Michael S. Lowe, Ashley L. Taylor, Jr., and Sean Fahey. In addition, this type of manufacturing requires skilled operators, and manufacturers are facing the same labor challenges seen in the rest of the economy. By Applied Clinical Trials Editorial Staff, Man arrested after $3M worth of drugs shipped to restaurant, World reacts to Dwyane Wade transgender news, The Russell Wilson trade is officially complete, I was sued by my co-workers after announcing Id won a $105m lottery but there was an even stranger twist, "Red Beans and Rice: A Classic New Orleans Dish and Monday Tradition" Recipe Included, Trump is 'Petrified' - Will Fill Up Diaper: Says Former Trump Attorney Michael Cohen, 4 people found shot in the head in California mass killing, Youre not crazy; your McDonalds hamburger does taste better, Update: Committee approves low-income senior housing. Our session provided in-house #attorneys with practical insights and pointers about how to successfully navigate #government investigations within the unique #lifesciences regulatory landscape. 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. Jennifer Porter Troutman Pepper + Follow Contact. jt65@evansville.edu. Before joining Goodwin, Jennifer was a partner at Troutman Pepper Hamilton Sanders LLP. Contact Number #laborandemployment. Follow TWN Seasoned customer strategy executive with deep experience enhancing customer satisfaction, loyalty, and advocacy by creating meaningful and memorable experiences with products, programs, and service. #templemade 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. Law Offices of Gary Martin Hays & Associates We are pleased to introduce our new Charlotte Office Managing Partner Jason Evans. The firm provides sophisticated legal solutions to clients' most pressing business challenges, with depth across industry sectors, including energy . 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. Either option will likely require a PIPE, but that funding will be more crucial for a SPAC. 2. Your generosity will increase the affordability of a Temple education, break down barriers of inequity and open doors to opportunities for all. #laborandemployment. 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. Join us in congratulatingJennifer Porter- Partner inTroutman Pepper's Health Sciences Department. 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. 2023 MJH Life Sciences and Applied Clinical Trials Online. Jennifer is related to Andrew Michael Troutman and Maria Yvonne Fox as well as 3 additional people. SEC; Publicly-Traded Companies; Coronavirus/COVID-19; Life Sciences; Nasdaq; Proposed Amendments . Until economic conditions are once again attractive enough for private biotech and pharmaceutical companies to pursue IPOs, reverse mergers and SPAC mergers will be viable alternatives. Porter discusses regulatory compliance, ATMP sponsors, and Philadelphias Cellicon Valley. . Troutman, Porter L. Jr. Check Jennifer L. Troutman's profile to see which insurance they accept. With valuations falling due to industry pressures, startups are hesitant to go public for fear of locking in lower valuations and providing less-than-stellar returns to their early investors. Nine of the 41 Honorees for 2022 are #TempleMade# Customer Service| Generations of Temple students know Carnell Hallbut few know anything about the woman its name honors. 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. Porter: Philadelphias Cellicon Valley continues to grow. 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. 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. 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. Don't miss Applied Clinical Trials Magazine's interview with #troutmanpepper's Jennifer Porter. One of the challenges in developing products in the cell and gene therapy space is working in a regulatory landscape that is constantly evolving with the advancement of these novel technologies. She was a Legal intern for Judge Theodore McKee, United States Court of Appeals for the Third Circuit from 2006 to 2007. Elizabeth McCormick is presenting for the Considerations for Voluntary Dam Removal session. OH-01847. Several cell and gene therapy clients we were working with in the confidential registration statement process have paused their IPO plans. First, the matchmaking process can be difficult as several private companies are turning to this alternative, so competition is high. Her recent matters include: * Denotes experience prior to joining Goodwin. , President & CEO at Aro Biotherapeutics Company. 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. View the profiles of people named Jennifer Porter. 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. Both macro and micro forces have chilled the health care and life sciences IPO market. @ Trotter Review, Special Edition, 1999. 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. Both myself ('10, M '21) and my husband ('95) are UE alumni and are very proud of the educations we received here! 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. Site Map, Advertise| The complexities of #lawfirm mergers are vast. Las Vega. Q&A With Jennifer Porter, partner, Troutman Pepper. Troutman was unprofessional. Determining which IPO alternative could be the right one. #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. She can be reached at jennifer.porter@troutman.com. Troutman Pepper was proud to sponsor and speak at the ACC Greater Philadelphia In-House Counsel Conference. The firm's litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. They can be completed faster than a traditional IPO, but require a vote of the SPAC shareholders, and carry the same lack-of-stabilization risks post-merger. As a result, by roughly the midpoint of 2022, about a third as many biotech companies ( "Get ready for the biotech market rebound," Reuters Legal News, July 28, 2022) had completed an IPO as had done so by that same point in 2021. 12/1/2022 6:14 AM. His attendance was poor (he nearly missed a third of the classes) and he continued to change the due dates on projects. Your article was successfully shared with the contacts you provided. 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. +1 445 207 7806. Engage via Email. 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. There are limited manufacturers with the expertise and facilities to manufacture cell and gene therapy products. 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? P.C. 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. Milestones/achievements/messages? First, how confident are the executives and their counsel about their company's ability to fundraise? Jennifer Porter Troutman Pepper Hamilton Sanders LLP - UNITED STATES. Build a Morning News Digest: Easy, Custom Content, Free! 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. Select this result to view Jennifer Leighanne Troutman's phone number, address, and more. [Audio recording] Oral History Research Center, Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Porter discusses regulatory compliance, ATMP sponsors, and Philadelphia's Cellicon Valley. https://lnkd.in/g9J6J-Bg. Jean Dolan, M.A. After serving in the United States Air Force for five years, Jennifer Gresh earned her degree in geology at Temple University. For Life Sciences Companies, Pivoting in a Down Market, Women of Distinction 2022: Jennifer Porter, Troutman Pepper Hamilton Sanders. 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. Societal CDMO's $35.6 Million Underwritten Public Offerings, Larimar Therapeutics' $80.5 Million Shares Offering. 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. Association of Childhood International Association Teacher Education, 1999/2000. #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. A neonatal nurse practitioner is a nurse who completed a graduate degree in advanced practice nursing and a . Tag them in the comments for consideration. #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. You can update your choices at any time in your settings. We look forward to connecting with you! Jennifer Porter, Laura Umbrecht, Alicia Worthy, Stephanie Isaia, Alice . Jennifer Porter, Troutman Pepper Hamilton Sanders ; Anne Prisco, Holy Family University ; Cindy Reiss-Clark, West Pharmaceutical Services ; Tracey Santilli, Tierney ; 441 likes. View the profiles of people named Jennifer Troutman. 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. The third result is Jennifer Anne Engerer age 40s in West Chester, PA.