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Serial Entrepreneur Jane Hollingsworth to Share Exit Strategies with Entrepreneurs

PHILADELPHIA--(February 24, 2011) – Jane Hollingsworth, CEO of NuPathe, is no stranger to exit strategies. She has successfully taken two life sciences companies (NuPathe and Auxilium) public within a decade. Hollingsworth will share her experiences from company formation to IPO and the lessons learned along the way at the first Smart Talk of 2011 on March 31 at the University City Science Center.

NuPathe, a specialty biotechnology company, completed its initial public offering in August 2010. In January 2011, the FDA accepted NuPathe’s New Drug Application for Zelrix, a transdermal patch for the treatment of migraines – the first of its kind. NuPathe received investments from Quaker BioVentures, SR One, Safeguard Scientifics, Buchmere Ventures, Battelle Ventures, BioAdvance and Ben Franklin Technology Partners.

Before founding NuPathe, Hollingsworth served as executive vice president and co-founder of Auxilium Pharmaceuticals where, in a five-year period, she helped grow the company from start-up through its initial public offering. Earlier in her career, Ms. Hollingsworth practiced law at the law firm of Montgomery, McCracken, Walker & Rhoads.

Smart Talk is a quarterly program at the Science Center which gives startup and growing companies a look at best practices and business strategies from industry leaders in the region. Smart Talk is sponsored by Deloitte and the University City Keystone Innovation Zone.

Smart Talk will begin at 8:30 a.m. on March 31 with registration and continental breakfast. The program will run from 9:00 – 10:00 a.m. There is no charge for the event which will be held at the Science Center’s offices at 3711 Market Street, Suite 800. However, space is limited and advance registration is required. Online registration is available at: https://secure.basecampbusiness.com/node/20803/register

About the Science Center

The University City Science Center accelerates technology commercialization, regional economic development, and the market availability of life-enhancing scientific breakthroughs by bringing together innovations, scientists, entrepreneurs, funding, laboratory facilities, and business services. Established in 1963 and headquartered in Philadelphia, PA, the Science Center was the first, and remains the largest, urban research park in the United States. Graduate organizations and current residents of the University City Science Center’s Port business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually. For more information about the Science Center, go to www.sciencecenter.org.

Media Contact:

Kristen Fitch

Kristen Fitch

Director, Marketing