Concise reports on what’s happening around the county:

SAP Welcomes Students from Chester County Futures for Film Screening

Nearly 100 students from Chester County Futures visited SAP’s North American Headquarters in Newtown Square to view and discuss a documentary about first-generation college students.

SAP employee and CCF mentor Luis Colmenares organized the day-long event with the goal of arming economically disadvantaged students with the information and inspiration needed to motivate them in the pursuit of their dream of a college education.

The day included interactive workshops, a captivating keynote address by SAP’s Rick Knowles, and a viewing of the documentary “First Generation”. This powerful movie directed and produced by Adam and Jaye Fenderson, follows the paths of four first-generation college students as they face the challenging social and economic inequalities of higher education.

The day concluded with a discussion panel and Q&A led by CCF Executive Director Maria McDonald and current Futures Mentor and Chatham Financial employee Dan Gentzel.

Coatesville Hosting Veterans Week Parade on Friday

As part of the eight-day-long celebration for Veterans Day themed “Honoring Former Prisoners of War and Those Missing in Action” that began on Monday. The Coatesville Veterans Affairs Medical Center will be hosting the Veterans Week Parade this Friday.

The parade festivities will start at 9:30 a.m. and run all day with many local groups and organizations celebrating veterans with classic cars and floats from various VA health services as well as high school marching bands, and the local fire and police departments.

World War II and the Korean War veterans who spent time as prisoners of war during their service to the country will serve as parade grand marshals and will be honored throughout the day.

The week also marks the 85th anniversary of the Coatesville Veterans Affairs Medical Center. “It is both a privilege and a profound responsibility to provide health care to our nation’s veterans,” stated Medical Center Director Gary W. Devansky.

Brandywine Health Foundation to Hold 6th Annual Festive 5K Run and Walk

It is the time to gather your friends and family and put on your running shoes as participants will gather on Saturday, December 5, to take part in the annual 5K and one mile fun walk held in downtown Coatesville to support the local youth.

The event, organized by the Brandywine Health Foundation to raise awareness and funds for the Coatesville Youth Initiative, is now in its 6th year and has already become a Coatesville area favorite.

The race/walk will start in front of the Scott Middle School at 9 a.m., with registration beginning an hour earlier. Over 600 community members are expected to join in with their families, friends, and co-workers cheering them on.

If you are interested in becoming a sponsor, please contact Stephanie Vargas, Associate Director of Special Events at the Brandywine Health Foundation on
(610)380-9080 x105 or svargas@brandywinefoundation.org.

Egalet Posts Positive Third Quarter Results

Egalet Corporation has revealed strong third quarter business highlights and financial results for the period ended September 30, which show a signifcant increase in cash and sales.   

The specialty pharmaceutical company with its U.S. headquarters in Wayne reported an increase in cash and marketable securities to $169.1 million compared to $108.4 million last quarter. The increase mostly came from the $80.8 million in net proceeds from its public equity offering.

In sales, the biggest change came from SPRIX, which saw an increase in net product sales to $1.3 million, a significant jump from the $607,000 achieved in the second quarter.

“In the third quarter Egalet expanded the base of SPRIX prescribers, began commercial promotion of its second product, OXAYDO, and raised $86.3 million through an equity financing to put ourselves in a strong cash position, even more important now considering the recent volatility in market conditions.” said Bob Radie, Egalet’s President and CEO. “