Corrections or additions?
This article by Barbara Fox was prepared for the April 24, 2002
edition of U.S. 1 Newspaper. All rights reserved.
Down-Sizing
Orchid BioSciences Inc. (ORCH), 4390 Route 1 North,Princeton 08543. Dale R. Pfost, CEO. 609-750-2200; fax, 609-750-2250.Home page: www.orchid.comNinety Orchid employees will lose their jobs, about half of them inPrinceton. As of April 1, Orchid had 175 workers in Princeton, and630 overall. A satellite laboratory at 501 Forrestal Road will close,as will one that is located on the FMC campus. The company’s 33,000square foot R&D laboratory at 303 A College Road will stay, as willthe 21,000 square foot offices at 4390 Route 1 North.The seven-year-old company offers production services and technologiesof single nucleotide polymorphism (SNP) scoring and genetic diversityanalysis. It will shift its SNP scoring services to Dayton, Ohio,the home of GeneScreen, a company that Orchid acquired at the endof 1999. GeneScreen was an early testing site for paternity andforensicsDNA services and has a fully accredited lab for genotyping forclinicaltrials and legal determination, whereas Princeton’s laboratory hasnot attained that status.Dayton also has a skilled and somewhat less expensive work force,notes Barbara Lindheim, vice president of strategic communication,and new technologies freed up capacity. “We have a new generationof technology that is faster and less expensive to operate,” saysBarbara Lindheim, vice president of strategic communication. “Itmakes sense to centralize. The first generation equipment could do25,000 tests in 24 hours, but now we can handle 140,000 samples inone eight- hour shift.”Orchid BioComputer recently doubled its size with the purchase ofLifeCodes Corporation, one of the largest providers of forensics inthe United States. That purchase included facilities in Stanford,Nashville, Lansing, and the Maryland/DC area.”Wall Street thought our burn rate was too high, and we took areal hit when we had to raise money at $2.50 a share,” saysLindheim.”When you buy businesses like the businesses you already have,it makes sense to consolidate.”Top Of PageExpansionsGenmab Inc., 457 North Harrison Street, Princeton08540. Lisa Drakeman, CEO. 609-430-2481; fax, 609-430-2482. Homepage: www.genmab.comLisa Drakeman, CEO of Genmab Inc., has moved her company out fromunder the roof of Medarex (which her husband heads) to the entire20,000 square-foot second floor of 457 North Harrison Street. Medarexremains at 707 State Road. Joe Boiseau of GVA Williams representedthe landlord and Buzz Woodworth of Keller, Dodds & WoodworthrepresentedGenmab.The Copenhagen-based biotechnology firm also has a laboratory in theNetherlands. The company focuses on the creation and development ofhuman antibodies for the treatment of life threatening anddebilitatingdiseases.American Re Corporation, 555 College Road East,Box 5241, Princeton 08543-5241. John P. Phelan, CEO. 609-243-4200;fax, 609-243-4257. Www.amre.comAmerican Re has moved its information technology and broker marketgroups into new space, 40,000 square feet on 150 College Road westin the Patrinely building. The firm is a direct writer of reinsurancewith 14 domestic and 16 international offices, and it also haslocationsat 655, 675, and 685 College Road East.Cooper Perskie April Niedelman Wagenheim &Levenson,212 Carnegie Center, Suite 206 C, Princeton 08540. Joseph Mahon,partner.609-919-6345; fax, 609-520-8731. Home page:www.cooperperskie.comIn April Joseph Mahon moved his three-person law office out ofCarnegieExecutive Center and into its own suite. He had been with Hill Wallackfor nine years but joined Cooper Perskie in June 2001. He and hisassociate, Sarah Burke Haley, work on tax law and estate law. CooperPerskie is based in Atlantic City and has offices in Cherry Hill,Cape May Courthouse, and Northfield.Mahon majored in American civilization and English literature at Penn,Class of 1977, and has law degrees from Rutgers and New YorkUniversity.Top Of PageIn BankruptcyExide Technologies (EX), 210 Carnegie Center,Princeton08540. Craig Muhlhauser, president and COO. 609-627-7200; Homepage: www.exideworld.comExide Technologies has filed for Chapter 11 bankruptcy in federalbankruptcy court in Wilmington, Delaware. It declared debts of $2.5billion against assets of $2 billion. The manufacturer of batteriesfor autos, boats, RVs, and lawn and garden tools recently moved fromReading, Pennsylvania, and has 35 administrative employees at theCarnegie Center. The stock was delisted from the New York StockExchangeand is trading on the OTC Bulletin Board.Top Of PagePub Reps RelocateTwo publishers’ representatives, Herb Druker and LewisEdge, have moved out of Research Park, Druker to Pennsylvania andEdge to his home. Druker has moved his 27-year-old company to anofficecloser to his home in Pennsylvania, partly because maintaining aPrincetonoffice has become costlier, partly because he no longer has a Hearstclient that requires him to be in New Jersey. His company representspublishers, chiefly educational ones. Careers in Colleges, a NewYork-basedmagazine distributed through guidance counselors to 750,000 highschoolstudents, is one of his major clients.Edge took advantage of the potential for a virtual office and movedto Cleveland Road in early March. He has sales people in NorthCarolina,Pennsylvania, and New York, plus a part-time support person. Edgeis an alumnus of Georgia Tech, Class of 1964, and had been generalmanager of Nassau Broadcasting. He founded his firm in 1986 and hasthe exclusive contract for space sales in the New Orleans-based SugarJournal, the preeminent magazine in the cane, beet sugar, and cornsugar industry. His firm also represents Momentum, the officialjournalof the National Catholic Education Association, and other educationpublications.”Times change,” he says. “Since the ’60s I had alwaysbeen writing and published in national magazines, so moving to printwas a natural transition. Education has always been a passion of mine,and we have dealt with some venerable education publications.”Druker Company Inc., 275 Commerce Drive, FortWashington,PA 19034. Herbert A. Druker, president. 215-540-0543. E-mail:herb@drukercompany.comLewis Edge & Associates Inc., 9 Cleveland RoadWest, Princeton 08540-7420. 609-333-1110; fax, 609-466-6952.Www.edgeassoc.comTop Of PageCorrectionsPennytown Shopping Village, 145 Route 31 North,Pennington 08534. 609-466-2000; fax, 609-466-2622.The Pennytown Shopping Village was erroneously listed for sale inthe real estate listings published on April 17. It is not for sale.Currently available for lease is 1,400 square feet. The 60,000 squarefoot complex has both retail and professional space, with onsiterestaurantsand a bank.Archer & Greiner PC, 700 Alexander Park, Suite102, Princeton 08540. Neal Schonhaut, managing attorney. 609-580-3700;fax, 609-580-0051. Home page: www.archerlaw.comThe U.S. 1 Directory 2002-2003 lists an incorrect telephone numberfor Archer & Greiner.Top Of PageDeathsRaymond F. Male , 81, on April 10. A two-term PrincetonBorough mayor, he served three administrations as state Commissionerof Labor and Industry and owned a bookshop on Nassau Street.Todd L. Powell , 28, on April 13. He had worked at NationalPools and Spas in Robbinsville.Frank Fitzgerald Reeder , 70, on April 20. A marketresearcher,he had worked at Gallup & Robinson. Services will be Saturday, April27, at 4 p.m. at Trinity Church in Princeton.Louis Lucullo , 75, on April 21. He owned and operatedConte’s Bar and Pizzeria on Witherspoon Street. Services will beThursday,April 25, at 10:15 a.m. at Kimble Funeral Home.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
