Publication

Philadelphia Q1 2025 Life Sciences Market Overview

Image treatment

Market Highlights

  • Globus Medical, headquartered near Philadelphia, has agreed to acquire Nevro Corp, a life sciences company specializing in chronic pain treatment, for $250.0 million in cash.
  • Dermatology Partners has opened a new, 3,000-square-foot (sf) dermatopathology lab in Pottstown, investing over $1.0 million to expand services and improve skin cancer diagnostics.
  • Governor Josh Shapiro has announced $30.0 million in funding for life sciences in his 2025-2026 budget, aiming to strengthen Pennsylvania’s position among leading life sciences hubs.

Read the full report