Growing Pains At Makeusanoffer.com
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Published in U.S. 1 Newspaper on February 16, 2000. All rights
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First R&D Profits for Liposome
After 19 years the Liposome Company reports its first
profitable year. In 1999 had $13.1 million in profits even though
one of its main products, Avacet, failed to be recommended for FDA
approval. The one Liposome product that is in the market, Abelcet,
increased sales by 17 percent and sold $86.2 million last year
comprising
most of the total revenue, $92.5 million. Abelcet combats severe
fungal
infections.
Founded with technology discovered by Gerald Weissman and funds from
such venture capitalists as Mort Collins, the biotech has 315
employees
worldwide, about half in Princeton — 1 Research Way, 600 College
Road, and 4 Corporate Drive. It aims to develop advanced liposomal
drugs for cancer and infectious diseases.
The Liposome Company Inc. (LIPO), 1 Research Way,Princeton Forrestal Center, Princeton 08540-6619. Charles A. Baker,chairman and CEO. 609-452-7060; fax, 609-452-1890. Home page:https://www.lipo.com.Top Of PageMedarex PartnersMedarex (MEDX), 707 State Road, Princeton Gateway,Suite 206, Princeton 08540. Donald L. Drakeman, president.609-430-2880;fax, 609-430-2850. Home page: https://www.medarex.com.Medarex announced it would enhance a six-year partnership with twoFrench firms, Immuno-Designed Molecules S.A. and Immuno-DesignedMoleculesInc (IDM). Donald L. Drakeman, the president, also said his firm wouldform a strategic alliance with Eos Biotechnology, a high-throughputgenomics and bioinformatics firm (https://www.eosbiotech.com).In the last quarter of 1999 the biopharmaceutical firm spent morethan $2 million in compensation expenses for restricted stock awardsthat had vested. The company reported a net loss of $.53 per sharefor 1999 compared to $.89 for 1998.Medarex is a biopharmaceutical company that develops monoclonalantibody-basedtherapeutics to fight cancer and other life-threatening anddebilitatingdiseases. At its 37,999 square-foot operations laboratory inAnnandale,it has seven products in clinical development for treatment of cancersand leukemia, autoimmune diseases, and opththalmic conditions.Top Of PageGrowing Pains At Makeusanoffer.comMichael Cooper, former CEO of Opinion ResearchCorporation,has reportedly dropped his lawsuit against the company in which heinvested (Make Us an Offer Inc.) and its founders, Kathy and MichaelMorell. Cooper had been board chairman of the start-up but filed suitin January in Delaware when he disputed an election that replacedhim on the board.Make Us an Offer Inc. had had its first round of $750,000 seed capitalfinancing and hoped to raise $3 to $5 million in the next few months.Located at 684 Whitehead Road in Lawrence, Make Us An Offer went livein August of 1999 and now employs six people. Using the offlinebiddingprocess as a model, the company offers an on-line auction with ahagglingoption, using a smart-mouth, fast-talking robot auctioneer.Make Us An Offer Inc., 684 Whitehead Road,Lawrenceville08648. Kathy Morell, president. 609-656-1240; fax, 609-656-1248.Homepage: https://www.makeusanoffer.com.Top Of PageExpansionsHelene Reynolds & Associates, 366 Nassau Street,Princeton 08540. Helene Reynolds, owner. 609-921-1326; fax,609-921-1056.Later this month Helene Reynolds will expand her 20-year-oldeducationalconsulting firm from 83 Adams Drive to 366 Nassau Street. This firmhelps families find appropriate placements from their children.”Weact as an advocate and information resource for parents to help themknow what would be reasonable to expect,” she says. “Weprovidegood information, help set up a course of action, and strategize sothey can meet their goals.”An alumna of Hunter College, Class of 1965, Reynolds has a doctoraldegree from Washington University in St. Louis, and taught atMiddlebury.She is a member of the Secondary School Admission Test Board.Her clients include one-third who ask for help in the collegeapplicationprocess, one-third looking for day schools or boarding schools, andthe remaining third asking for advocacy services for at-risk students.No, her firm does not fill out a student’s school college application.Instead, her staff will mentor and review each step. “We coachstudents on how to make the most out of in-person interviews, andwe help families develop a checklist of important questions to beanswered to determine the level of appropriateness for the schoolunder consideration.” Before each school visit, a folder ofrecordsand letters of recommendation is sent ahead. “These not onlyadvocatethe student’s candidacy,” says Reynolds, “but also informthe person who will actually be conducting the interview. We makesure it has been read and digested.”Says Reynolds: “We help our clients look at the educationalsituationin a realistic way, so they can make a reasoned choice of what thenext best step is for the child, while becoming a smart consumer inthe educational marketplace.”Top Of PageStaffing OnlineKForce.Com, 3 Independence Way, Suite 204,Princeton08540. Dawn Serpee, consulting business unit manager. 609-452-7277;fax, 609-520-1742. Home page: https://www.kforce.com.The computer personnel firm, Source EDP, has been bought by RomacInternational, which then changed its name to KForce.com to reflecta transformation to a Web-based staffing company. Its web-basedservicesinclude online resumes and job postings, interactive interviews andjob placement, and career management strategies. It has 109 officesin 45 markets in North America.According to a survey by Yankelovich Partners, more than half of jobseekers do not believe that current Internet career sites providethe personal guidance that traditional staffing firms provide.Kforce.comhopes to combine the efficiency of the Internet with the personaltouch of the traditional company.Tan Check Consultants Inc., 4 Princess Road,Lawrenceville08648. Dennis Tanchak, president. 609-924-0444; fax, 609-924-5959.Home page: https://www.tcci.com.The information technology consulting firm has nearly doubled itsspace with a move from Montgomery Commons to nearly 3,000 feetat 4 Princess Drive in Lawrenceville. Dennis Tanchak, president,is an alumnus of Trenton State, Class of 1972. He started his firmin 1993 and had $4 million in sales in 1998 and $7 million last year,both for personnel placements and consulting. Besides being closerto where his 12 staff members live, this location is also closer tothe under-construction facility for Merrill Lynch, one of his majoraccounts.Tanchak has a database of 25,000 prospects but says that does notmake his work any easier. “Our job is made more difficult becauseof the amount of paper,” says Tanchak. “Job seekers respondto our web page, but we never use the Internet to recruit. If I don’tget to a resume in a week, that resume is obsolete.”Top Of PageExpansionsSeber Logistics Consulting Inc., 104 TamarackCircle,Princeton 08540. James J. Seber CMC, president. 609-688-1000; fax,609-688-9000. Home page: https://www.seberinc.com.This management consulting firm moved from 2,000 feet to a 3,000squarefoot office at Montgomery Knoll and has a new phone and fax. Itspecializesin supply chain analysis, customer service, and network analysis.Top Of PageDown-SizingHarmony Schools/Center City, 200 South WarrenStreet,Trenton 08611-2300. Lisa T. Forrester, executive director.609-292-1425;fax, 609-392-2267.Harmony School closed this location. Still open are child care centersin Princeton, Foxmoor, and Chambersburg.Top Of PageLeaving Towne-vue, 33 Wood Avenue South, Eighth Floor, Iselin08830. Kenneth Sun, president. 732-590-0102; fax, 732-452-9726.A spinoff from Sarnoff has moved to Iselin. Its software technologyworks with MPEG-r international standard to produce still image andmotion video files.ProCOMP Inc., 1085 Cranbury South River Road,Jamesburg.David Zimmerman.The firm, which sells components to pharmaceutical, biotech, andelectroniccompanies, has moved to Manalapan. The new phone is 732-786-1500.Software Process Innovators, 2 Andrews Lane,Princeton.Margaret A. Ramsey has moved her software firm to 103 Tower Road,Lincoln MA 01773-4402.Staffmark, 125 Village Boulevard, Princeton.Homepage: https://www.staffmark.com.Staffmark, the employment agency that last year acquired ProgressivePersonnel Resources, has closed its Princeton office and consolidatedat 16 Campus Drive, Edison 08837. The phone is 732-225-7900, fax is732-225-0230.NutRx Natural Therapies, 1705 Route 46 West,RoxburyBusiness Park, Ledgewood 07852. Christian LeFer, CEO. 973-426-9900;fax, 973-426-9197. Home page: https://www.yourdoctorknows.com.The nutriceutical supplement company moved from 10,000 square feetin Plainsboro to a business park near Dover in Morris County and hasa new phone and fax (U.S. 1, October 20, 1999).Top Of PageName ChangesAetna U.S. Health Care, One Prudential Drive,Cranbury08570-0001. Moonbae Chung, vice president and site executive.609-708-3000;fax, 609-708-2347.Prudential Health Care is now a member company of Aetna, and is usingthat name. A national service center is at this location.Top Of PageDeathsRobert J. Miller, 58, on February 6. He founded a highwaysafety company, Directions.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
