Tengion Inc., a Norristown-area clinical stage biotech firm announced Monday that Dr. Steven Nichtberger, the company co-founder, president and CEO, received the Ernst & Young National Entrepreneur Of The Year award in the Emerging Company category.
The national award was announced at a gala in Palm Springs, Calif. on Saturday, Nov. 15. To be eligible, entrepreneurs had to receive regional honors earlier this year, which Nichtberger did. In June, he was named the Ernst & Young Greater Philadelphia Entrepreneur Of The Year in the Life Sciences category.
Tengion, a rapidly growing biotech company with about 100 employees, has been developing technology that harnesses the body’s ability to regenerate tissues and organs, and has the potential to allow patients with organ failure to have functioning organs created from their own tissues, thus avoiding the complications that arise from organ transplants.
“It is a great honor to receive this award and to be recognized by my peers on a national level,” Nichtberger said in a statement. “I accept this award on behalf of all of Tengion’s dedicated scientists and employees, who have achieved remarkable successes in the past five years and who have built a strong foundation for future achievements.”
The company has been in business for more than four years, and is constantly looking for new talent to bring its technology to patients in need, according to Chief Financial Officer Gary Sender.
Source: Tengion Inc., Gary Sender
Writer: John Davidson
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