Radnor
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Some Residents Dismayed to Learn a Cannabis Dispensary Opened in Wayne
The sudden appearance earlier this month of a CBD/kratom dispensary in a closed Starbucks on Lancaster Ave. in Wayne has some parents and Radnor Township officials upset, reports the CBS 3 staff. “How did a store that sells substances that are banned in 19 states literally open illegally next to two schools, three nursery…
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Wall Street Journal: Former CEO of Lincoln Financial Asks $11.9M for Florida Home
A fashion designer’s travels to Italy inspired a Palazzo-style home in Sarasota, Florida that is being sold by Jon Boscia, former CEO of Lincoln Financial Group with headquarters in Radnor. He and his wife, Donna, are listing the property for $11.995 million, writes Sarah Paynter for The Wall Street Journal. Jon and Donna Boscia paid…
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Private Investors Buy $25M in NRx Stock for Radnor Firm’s COVID Research
Undisclosed investors are purchasing 7.8 million shares of NRx Pharmaceutical stock, raising $25 million to finance the Radnor company’s development of therapy and a vaccine for COVID-19, writes John George for Philadelphia Business Journal. The biopharmaceutical company entered into definitive agreements with the investors to purchase NRx common stock at $3.195 per share. Each share…
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AFC Fitness Center Takes Over Philadelphia Sports Club in Radnor
A 42,000 square-foot space at 555 Lancaster Ave. in Radnor, vacated by Philadelphia Sports Club, will be taken over by AFC Fitness, writes Natalie Kostelni for Philadelphia Business Journal. The facility will open in June after a $4 million renovation. The new location will offer a new workout environment recognizing COVID-19 concerns, said owner Matt…
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Smart Gun From Radnor Start-Up LodeStar Only Fires for Authorized Users
LodeStar, a Radnor start-up, is using smartphone technology to make guns safe, reports Christie Ileto for 6abc. Safety technology personalizes the gun, allowing it to be fired only by a verified user. The 9mm gun checks the fingerprint of the user and requires a code to be entered on the weapon’s keypad before it can…
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Baja-Themed Restaurant From Chef Jose Garces Coming to Radnor
Famed chef Jose Garces is bringing a new restaurant to Radnor in early May, writes Vince Carey for the Daily Times. Garces, known as one of the Food Network’s Iron Chefs, is the force behind some of the most popular and highly rated restaurants in the country and now he’s bringing his first restaurant to…
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Jennifer Aniston Works on Commercial for Radnor Pharmaceutical Idorsia
Actress Jennifer Aniston talks about her struggles with insomnia in a commercial for Swiss pharmaceutical company Idorsia, writes John George for Philadelphia Business Journal. Idorsia has its U.S. operations in Radnor. The television and online commercials start Monday and run a week after Idorsia received clearance from the U.S. Food and Drug Administration to market…
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Tom Ryan Steps Down After 15 Seasons as Radnor High Head Football Coach
One of Delaware County’s most respected and likable coaches is resigning. Tom Ryan, football head coach at Radnor High School, officially resigned Jan. 12 after 15 seasons, writes Matt Smith for PA Prep Live. “I had 15 great years coaching a lot of great kids,” Ryan said. “I just felt it was time to make…
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NRx in Radnor Now Seeks Patent for COVID Drug Zyesami, Sees Other Uses
NRx Pharmaceuticals has now added a patent application to its paperwork for the COVID-19 therapy drug Zyesami, writes John George for Philadelphia Business Journal. Earlier this week, the Radnor biopharmaceutical company applied to the U.S. Food and Drug Administration for an emergency use of Zyesami to treat patients with critical COVID-19 and respiratory failure. The…
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NRx in Radnor Asks Again for Approval to Use Its COVID-19 Drug, Zyesami
NRx Pharmaceuticals out of Radnor has once again filed an application with the Food and Drug Administration for emergency use of its experimental COVID-19 drug candidate, Zyesami, writes John George for Philadelphia Business Journal. The drug would be used on critical patients with COVID-19 who are at immediate risk of death from respiratory failure and…
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Radnor Firm NewSpring Leads Funding Round for Music Distribution Company
Radnor private equity firm NewSpring Growth is leading the way to help fund a Tampa, Florida music distribution firm, writes Lauren Coffey for the Tampa Bay Business Journal as reprinted in the Philadelphia Business Journal. Symphonic Distribution provides distribution services for musicians to companies like Apple Music and Spotify. NewSpring led $37 million Series B…
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Chemical Company Nouryoun Sets Up North American Headquarters in Radnor
A specialty chemicals company, Nouryon, has decided to set up its North American headquarters in Radnor, writes Natalie Kostelni for Philadelphia Business Journal. The company, owned by Carlyle Group, has signed a lease for 50,000 square feet over two floors at Five Radnor Center at 100 Matson Ford Road. Along with designating the site as…
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Radnor Renewable Energy Firm Sold to International Energy Company AES
A Radnor renewable energy pioneer is selling its solar energy development business, Community Energy Solar LLC, to AES Corp., which has been accelerating its clean-energy efforts in response to the climate crisis, writes Andrew Maykuth for The Philadelphia Inquirer. AES is an international energy company based in Arlington, Va. Community Energy has developed about 3…
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Pizza Delivery With a Twist–Hot Pizza From the Oven on the Way to Your House
When it took two hours for a pizza to arrive one night, Adam Chain of Radnor knew he needed a new business model when it came to delivering pizzas, writes Michael Klein for The Philadelphia Inquirer. What he came up with was Muncho.com, a company that offers a hot pizza within 10 minutes within their…
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Duck Donuts, With Radnor Ties, Waddles in as an America Favorite
Duck Donuts, acquired early this year by an affiliate of a private equity firm in Radnor, has been named one of America’s favorite restaurant chains by Newsweek, writes Sue Gleiter for pennlive.com. Duck Donuts has made-to-order doughnuts with customer-customized toppings, including icings, drizzles, nuts, sprinkles and Oreo cookie crumbles. “This recognition is a testament to…
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Promising Results From COVID Drug Pushes Up Radnor Pharm’s Stock
Patients treated with an NRx Pharmaceuitcals drug candidate targeting COVID-19 showed “substantial improvement,” an analysis shows. The news caused the Radnor company’s stock to jump 20% Monday, writes John George for Philadelphia Business Journal. The patients had critical COVID-19 and respiratory failure but showed “substantial improvement” when given the NRx drug Zyesami. …
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Radnor Commissioner Vote to Keep Farm Lease Going at Former Ardrossan Estate
Radnor commissioners voted 4-2 not to cancel a lease that allows the Fern Valley Farm to raise cattle on 71 acres of township land that was once part of the Ardrossan Estate, writes Jacob Adelman for The Philadelphia Inquirer. Commissioner Richard Booker made a motion to terminate Fern Valley Farm’s $1-a-year lease, arguing the farm’s…
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Radnor Commissioner Challenges Farm Tax Breaks at Former Ardrossan Properties
A Radnor commissioner is introducing a motion Nov. 22 to revoke a $1 a year township lease with a Fern Valley farmer raising cattle on a former part of the Ardrossan Estate, writes Jacob Adelman for The Philadelphia Inquirer. Richard Booker wants the lease to end so landowners on at least two dozen other parcels…
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