Corrections or additions?
Published in U.S. 1 Newspaper on April 19, 2000. All rights
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Allelix Leaves
E-mail: BarbaraFox@princetoninfo.com
The new owners of Allelix Neuroscience Inc. closed the
facility on Cedar Brook Drive in Cranbury on Friday, April 14.
Operations
will continue in Salt Lake City, Utah, where the new owner (MPS
Pharmaceuticals)
is based, and in Toronto, where the previous owner is. The firm will
be known as MPS Allelix. All 23 employees including the researchers
have been terminated; half left in January. In this job market, most
of those who wanted jobs have found jobs.
A division of Allelix Biopharmaceuticals, the company is involved
with the research and development of neuroscience therapeutics —
drugs of the central nervous system. Its drugs sought to block the
removal of neurotransmitters from the brain. The company opened
its New Jersey office in South Plainfield in April 1994 (U.S. 1, May
12-1999).
Formerly known as Trophix Pharmaceuticals, Allelix was formed around
the work coming out of the laboratory of Ira Black, a scientist at
the University of Medicine and Dentistry of New Jersey. It hoped to
survive in the R&D marketplace without selling too many of the
research
treasures on the shelves.
William W. Crouse of Healthcare Ventures, based on Nassau Street,
was the early funder of the firm. When the IPO market for biotechs
began to dry up, HealthcareVentures sold it in 1997 to Allelix
Biopharmaceuticals,
a Toronto-based biopharmaceutical company.
The Cranbury-based laboratories specialize in therapies for the
central
nervous system and the brain. With Janssen Pharmaceutica it had been
developing products for schizophrenia and neuropathic pain — pain
that occurs when nerves are injured by cancer tumors, viral
infections,
or surgery. A third area of research: Trying to reduce abnormal
contractions
that cause muscle spasms in those suffering from spinal cord injury,
multiple sclerosis, stroke, or cerebral palsy.
Allelix Neuroscience Inc. (AXB), 7 Cedar BrookDrive, Cedar Brook Corporate Center, Cranbury 8152. 609-860-6640;fax, 609-860-7996. Home page: www.allelix.com.Top Of PageRaytheon Division SoldRaytheon Co., which brought the regional headquartersof its engineering and construction business to the Carnegie Centerwith much fanfare three years ago, is selling that unit for more than$800 million to Morrison Knudsen Corp. of Boise, Idaho. Accordingto Dennis Washington, CEO of Morrison Knudsen, the price amounts tojust 3.l7 times operating earnings.Of the 14,000 workers employed by Raytheon Engineers & constructorsworldwide, 850 employees work at the Carnegie Center. Raytheon ranksin the top 25 corporate employers in the Princeton area.The Carnegie Center became the home of Raytheon’s regionalheadquartersand its energy-related business group starting in June 1997, the samemonth as the groundbreaking for Carnegie 510 (U.S. 1, January 8,1997).Though the projected number of jobs was 1,400, that many workers nevercame and, in fact, a small number were laid off two years ago. Neithercompany would comment on whether the Carnegie Center unit would bemoved or downsized.The Wall Street Journal has been reporting that investors continuallyurged Raytheon to sell this piece of the business. As thethird-largestmilitary contractor in the United States, most of Raytheon’s annualrevenue (about $20 billion) comes from defense products such as itswell-known guided missiles (the Gulf War’s Patriot). Founded in 1922,it went public in 1952.Raytheon Engineers & Constructors International had about $2.6 billionin revenues last year but took a first quarter loss. It has haddifficultiesrestraining costs on fixed-price contracts due to such problems aslabor strikes and bad weather.It serves clients in a wide variety of industries, including power,chemicals, steel, foods, pharmaceuticals, and infrastructure. It hasthree business units: Raytheon Service Company (an internalorganization),Cedarapids Inc. (which makes construction equipment for the roadbuildingindustry), and Raytheon Engineers & Constructors Inc (which won thecontract for New Jersey Transit’s light rail system between Hobokenand Bayonne). In addition to Princeton, other groups are located inHouston, Chicago, Iowa, Alabama, and New York City.With this purchase, which will double the company’s $2.25 billionsales, Morrison Knudsen aims to lead the heavy construction industryby leveraging Raytheon’s engineering skills with its own emphasison contract execution. For five of its outstanding contracts, Raytheonpromises to partially indemnify the buyer in the case of costoverruns,according to the Wall Street Journal.Raytheon Engineers & Constructors, 510 CarnegieCenter, Princeton 08540-5287. Robert W. Zaist, vice president.609-720-2000;fax, 609-720-2050. Home page: www.raytheon.com.Top Of PageNassau Radio: Digital AudioNassau Broadcasting is growing: The 600 AlexanderRoad-basedradio network has announced intentions of an initial public offering.And, whether that happens sooner or later in the wake of last week’smarket meltdown, is also partnering with a well known technology forceto improve its signals.Lucent Digital Radio is going to test a new digital audio broadcastingsystem with Nassau Broadcasting Partners, its first test of with acommercial system. The radio network includes 17 FM and 15 AM stationsin New Jersey, New York, Pennsylvania, and Connecticut. These stationsbring in an estimated $60 million in revenue, putting Nassau in thetop 20 of U.S. radio companies by that measure.Lucent Technologies’ wholly-owned venture will evaluate such issuesas interference, range of signal, and audio quality. Lucent’s In-BandOn-Channel Digital Audio Broadcast system is supposed to enhancecurrentsystems for AM radio and bring FM radio up to near CD quality.Nassau airs three of its Princeton area stations from its headquarterson Alexander Road. Last month it did a merger involving $185 millionin stock with Aurora Communications, which has nine stations in NewYork and Connecticut. Also in March it bought two stations inAllentown,Pennsylvania.Such expansion has been possible only since 1996 when a federal lawnullified restrictions against one company owning multiple stationsin a region. Regional operators allow stations to consolidate andcut costs.Nassau Broadcasting Partners LP, 619 AlexanderRoad, Box 1350, Princeton 08540. Louis F. Mercatanti Jr., CEO.609-419-0300;fax, 609-419-0143. Home page: www.nbplp.com.Top Of PageMore Move-OutsCenter for Concept Development, 33 State Road,Suite J, Princeton. Eugene J. Cafarelli, president.The market research firm, which focused on product development, hasmoved to Philadelphia. The new phone is 215-717-0370; fax215-717-0371.Sagotsky Media Learning, 186 Tamarack Circle,Skillman08558. John McCormick, manager. 609-921-8778. Home page:www.medialearning.com.The distributor of videos for business training has moved to officesin Rosemont, Pennsylvania, along with Media Learning Resources. Mailis being forwarded to 919 Conestoga Road, Building II, Suite 304,Rosemont 19010 — 800-474-1604.Chiralizer Services, 666 Plainsboro Road, Suite655, Plainsboro. William S. Letter, president. 609-936-9374. Homepage: www.chiralizer.com.Chiralizer has expanded and moved to 12 Penns Trail, Suite 131,Newtown,PA 18940, 215-497-9493; fax 215-497-9466. It does sales, training,and consulting services for pharmaceutical laboratory instrumentmanufacturers.Transamerica Municipal Finance, 3100 PrincetonPike, Building 4-C, Lawrenceville 08648. Martha Moseley, portfoliomanager. 609-620-9500; fax, 609-620-9550.This firm is closing its Princeton office. Headquartered in Florida,it specializes in the purchase of tax liens.Top Of PageTotal’s BuyFor about $7.2 million including cash and notes TotalResearch Corporation has bought Romtec PLC, a London-based Internetresearch and marketing services company that specializes in theinformationtechnology and telecommunications markets. Total Research is a $41.5million firm, as measured by annual revenues, and Romtec is a $6.6million firm.”Romtec expands our Internet data collection and delivery systemin Europe and allows Total Research to offer clients seamless deliveryof research and marketing services between the two continents,”says Albert Angrisani, president and CEO of Total Research. Forinstance,its new syndicated service, E-ComTrak, tracks on-line purchasepatternsof multiple IT products in Europe. The purchase also facilitates TotalResearch’s evolution from a research company to an integratedmarketingservices company, says Angrisani.Total Research Corp. (TOTL), 5 Independence Way,Princeton Corporate Center, CN 5305, Princeton 08543-5305. AlbertA. Angrisani, president and CEO. 609-520-9100; fax, 609-987-8839.Home page: www.totalres.com.Top Of PageExpansionsThe Hennessy Group, 300 Alexander Park, SecondFloor, Princeton 08540. Robert D. Hennessy, managing director.609-419-4402;fax, 609-243-0045. Home page: www.thehennessygroup.com.This executive search firm is moving from shared space at 707AlexanderRoad to its own office at 300 Alexander Park. The phone will be609-419-9000.It offers executive search and organizational design consultingservicesThe Lichtman Associates PC, 205 Witherspoon Street,Princeton 08542. Roger Lichtman, president. 609-924-5665; fax,609-924-9490.After being at 20 Nassau Street, Roger S. Lichtman has expanded hiseight-person office to a new location at 205 Witherspoon Street.Duringhis career he has worked on correctional facilities with a total of100,000 beds and a construction value of nearly $5 billion. Amonghis projects is the design of the first drug rehabilitation programbehind bars in New Jersey — the Bergen County Jail Drug TreatmentUnit. He has also worked for four other states and the city ofPhiladelphia.Industrial projects include a 1.6 million square foot distributionfacility and two other large distribution projects in New York stateand city.Recently he spent two weeks in Saipan as part of a federal governmenttask force setting up a prison, juvenile facility, and immigrationfacility for the Commonwealth of the Northern Mariana Islands.In contrast to the restrictive environments he must design for jails,Lichtman says his new office is a place “in which work can befun.”Meta Security Group, 3530 Route 27, Kendall Park08824. Peter Daley, regional manager. 732-821-3000.This affiliate of an Atlanta-based computer consulting firm has movedfrom 83 Princeton Avenue in Hopewell to Route 27 in Kendall Park.The phone is new. It is also affiliated with the Meta Group inStamford,Connecticut.Voxware Inc. (VOXW), 305 College Road East,Princeton08540. Bathsheba J. Malsheen PhD, president and CEO. 609-514-4100;fax, 609-514-4101. Home page: www.voxware.com/.By acquiring a Seattle-based firm, Voxware has bought voice-basedhardware to use with a product offering Internet applications forindustrial clients. Voxware bought InRoad Inc. for $8.1 million.Voxwareis a provider of integrated voice-based solutions for distributionand logistics operations.Top Of PageManagement MovesAmerican Boychoir School, 19 Lambert Drive,Princeton08540. John Ellis, president. 609-924-5858; fax, 609-924-5812. Homepage: www.americanboychoir.org.Janet Kaltenbach is the new general manager of the school and touringchoirs, effective the end of May. She had been the principalfundraiserat the State Theater and New Brunswick Cultural Center for 12 yearsand raised more than $18 million in capital investment and endowmentand more than $10 million in annual operating support.She was previously general manager for symphony orchestras in Michiganand Ohio. The school is a professional choir and school for boys ingrades six through eight.Top Of PageContracts AwardedNetGrocer Customer Service Center, 1112 CorporateBoulevard, North Brunswick 08902. James R. Chambers, chairman andCEO. 732-745-1000; fax, 732-745-0026. Home page:www.netgrocer.com.As the fate of Peapod, one of Netgrocer’s chief competitors, is beingsold, and as newcomers to this field multiply, Netgrocer has receivedan infusion of cash: $30 million for a 22.34 percent stake in thecompany has been offered by an Italian food company, Parmalat.Parmalatis a $6 billion, 40,000-employee food company that was founded in1961.Last year it bought three dairy farms in New Jersey and one inBrooklyn.Parmalat and Netgrocer plan to expand Netgrocer to other continents.The deal is supposed to be finalized at the end of this month.Anyone nationwide can buy non-perishable groceries, drugstore, andhousehold items at www.netgrocer.com and have them delivered viaFederalExpress. An early entrant into this business, www.peapod.com, hashad its potential investors draw back, supposedly because of thehealthproblems of the founder.Top Of PageDeathsVirginia H. Dunham, 89, on March 14. She worked in thebook department at Princeton University Store. A memorial servicewill be Saturday, April 29, at 10:30 a.m., in the University Chapel.Gerald Garvey, 64, on April 9. An Air Force Academygraduate,he was professor of politics at Princeton University and a consultantto the federal government.John Nerres, 68, on April 10. He worked at OrthoPharmaceutical,a subsidiary of Johnson & Johnson, and Executive Cartridge inPrinceton.Kathleen Carla Barcellona, 50, on April 16. She had workedfor Princeton BMW, Mercer County College, and American Home Products.Top Of PageBusiness DirectoryCorrectionsAlphaGraphics Printshops of the Future, 12 StultsRoad, Suite 100, Dayton 08810. David Kovacs, general manager.609-860-9444;fax, 609-860-9449. Home page: www.alphaprinceton.com.The website of Alphagraphics, which provides one to four-colorprintingand copying, digital printing, engineering copies, and fulfillment,was listed incorrectly in the 2000 U.S. 1 Business Directory.Avis at Larry’s Sunoco, Route 1 and HarrisonStreet,Princeton 08540. 609-452-8285; fax, 609-520-8747.This car rental agency was not listed in the directory.Computer Color Imaging, 1613 Reed Road, Box 708,Pennington 08534. Kevin Brown. 609-737-2222; fax, 609-737-7621.Computer Color Imaging, known as CCI, was erroneously listed withthe address, phone, and fax of a company no longer at that location.CCI does prepress and printing, image retouching, and electronic pageassembly.Dow Jones Training Services, Route 1 & Ridge Road,Building 3, Box 300, Princeton 08543-0300. Mike Wishnick, trainingmanager. 609-520-5111; fax, 609-520-5479. Home page:www.dj.com/training.Errors were made in the listing for this computer training facility.It is open to the public and available for on-site training.Susan Guarneri Associates, 1101 Lawrence Road,Lawrenceville 08648. Jack and Susan Guarneri, partners.609-771-1669;fax, 609-637-0449. Home page: www.Resume-Magic.com.The home page for this business was listed incorrectly. The companydoes career counseling, job search strategies, Internet job search,resume preparation, and human resource training and development.In-Situ Oxidative Technologies Inc. (ISOTEC), 51Everett Drive, Suite A-10, West Windsor 08550. David Zervas,president.609-275-8500; fax, 609-275-9608. Home page:www.isotec-online.com.The web address was incorrectly listed for this company, which doesonsite chemical oxidation of soil and ground water contamination.N.P. Morith Inc., 13 Roszel Road, Suite C-226,Princeton 08540. Nancy P. Morith, president. 609-452-1571; fax,609-452-1213.The wrong zip code was listed for this long-term care planning andinsurance firm.Previous StoryNext StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
