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Published in U.S. 1 Newspaper on March 29, 2000. All rights reserved.
Stock News: i-Stat and Palatin
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i-STAT Corporation (STAT), 104 Windsor Center Drive,East Windsor 08520. William P. Moffitt, president and CEO. 609-443-9300;fax, 609-443-9310. Home page: www.i-stat.com.The April issue of Worth magazine features the annual favorite stockreport from Peter Lynch and friends. Lynch, the Fidelity Investmentsmutual fund guru, annually asks seven of his investment-minded friendsto pick their favorite stocks. Among the 14 picks this year is I-Stat,the developer of blood diagnostic products at Windsor Center Drive.Lynch’s Boston buddy Mike DiCarlo, who runs a fund called DFS IntegrityPartners, made i-Stat his 12-month pick. The stock was at $12.25 whenhe made his selection on January 31, and was at $17 March 27. Thecompany has developed a handheld blood analyzer that can perform upto 16 common blood tests in minutes. That’s a big improvement oversending blood to a lab and then waiting for results, reports DiCarlo.”Best of all this is a razor-and-razor-blades story. The companynot only provides the handheld analyzer, it also sells the replaceablecartridges for the device at roughly $3.50 apiece. A medium-sizedhospital uses about 15,000 cartridges a year.”Summarizes DiCarlo: “With almost no coverage on Wall Street andhuge markets left to explore in the U.S. and abroad, plus a solidbalance sheet, i-Stat is poised” for some excellent growth.Palatin Technologies Inc. (PTN), 103 Carnegie Center,Suite 200, Princeton 08540. Edward Quilty, president, CEO and chairman.609-520-1911; fax, 609-452-0880. Home page: www.palatin.com.The results of a clinical study on the company’s chief potential productswere published in this month’s issue of Journal of Nuclear Medicine.Working with the results of Phase 2 clinical trials, investigatorsfound that LeuTech, a monoclonal antibody for imaging infection sites,was safe and effective in diagnosing “hard to diagnose” casesof appendicitis (U.S. 1, March 22). Of the 500,000 patients with appendicitisin the United States, half are considered to be hard to diagnose.Top Of PageExpansions: InterlinkInterlink Biotechnologies LLC, 215 Commons Way,Montgomery Commons, Princeton 08540. Ramon L. Garcia, president. 609-252-0446;fax, 609-252-9416. Home page: www.interlinkbiotech.com.After four years at this address, this biotech company has expandedto 2,000 feet. It is working on joint ventures in Italy and Argentina,and it has a 15-person lab in Auburn, California.InterLink has expertise in genetics and breeding, molecular biology,cell biology and tissue culture, physiology and biochemistry, microbiologyand crop science and agronomy. In gene discovery it is working onnatural products. In agriculture biotech it is working on food andfeed.Last month it announced it will establish a company in Argentina todo technology assessment, transfer, licensing, consulting, and discoveryof lead molecules and genes for the agricultural, food, and feed industries.InterLink Sur Biotecnologias will be directed by Nestor A. Darwichof Darwich Asociados. An early project will be to help Argentiniancompanies comply with requirement for products containing geneticallymodified (GMO) ingredients or the certification of GMO free products.A similar company is being formed in Lodi, near Milan, Italy, directedby Mario Lo Pinto, to certify GMO-free products for European companies.Kemin Industries, based in Des Moines, Iowa, made a “substantial”cash contribution to Interlink last year. InterLink Associates alsohas alliances with Dow AgroSciences in Indianapolis, Indiana, andis working with a Canadian company to examine forestry species inChile and other Latin American countries.The Pacesetter Group Inc., 176-178 Tamarack Circle,Princeton 08542. Michael J. Hierl, president. 609-683-5225; fax, 609-683-5775.Home page: www.pacesettergroup.com.The Pacesetter Group has doubled its space and expanded in the adjoiningbuilding at 180 Tamarack Circle. It has a total of 4,500 square feet,up from 1,500 square feet just three years ago.”In the last two years the Pacesetter Group has more than doubledthe number of consultants on our staff,” says Michael Hierl, founderand president. “While adding new capabilities, we are maintainingthe focus on our core mission — that is, helping clients to improvetheir business performance and manage complex organizational changeinitiatives.”The group’s clients, Fortune 500 and medium-sized companies in themid-Atlantic region, include most of the leading pharmaceutical andconsumer healthcare companies as well as firms in technology, telecommunications,and financial services field. The group is holding a series of executiveforums so that senior functional managers can learn from experts andexchange ideas with peers. The first, held on March 1, was for thosedoing quality and regulatory compliance in the pharmaceutical andconsumer healthcare industries. A similar forum for financial executiveswill be held this summer.Top Of PageCrosstown Moves: EpanelEpanel Inc., 55 Route 31 South, Pennington 08534.Peter Hexter, partner. 609-730-3922; fax, 609-466-0773.With his partner, Helen Brown, Peter Hexter owns Epanel, a maker ofluxury towel warmers that is doing quite well as the baby boom generationmatures. Last month Hexter moved the administrative offices of Epanelacross Route 31 to Pennington Business Park.He owns this park, which was the site of his former company, LenapePottery, which manufactured porcelain bath accessories.Top Of PageCorrectionsMarkowitz, Gravelle & Schwimmer, 3131 PrincetonPike, Lawrenceville 08648. Joseph Markowitz, managing partner. 609-896-2660;fax, 609-896-3184.The law firm of Markowitz & Zindler did not merely change its name,as was printed on March 15; it dissolved. Joseph and Joshua Markowitz(father and son), Christine Gravelle and Linda Schwimmer have formedMarkowitz, Gravelle & Schwimmer, and Howard Teichman is counsel. Itfocuses on bankruptcy, commercial, personal injury, product liability,real estate, criminal, matrimonial, and general businessTop Of PageDown-SizingBookmarks, 27 Route 206 & Amwell Road, Nelson’sCorner, Belle Mead 08502. Steven Holovach, manager. 908-904-4718.The Nelson’s Corner location of the discount bookstore has closed,but two stores remain open — at Pennington Shopping Center andat Montgomery Shopping Center.Top Of PageAwardsFreeman J. Dyson, 76, was awarded the Templeton Prizefor Progress in Religion, valued at about $948,000. Established in1972 by the creator of the Templeton mutual funds (who objected tothe fact that no Nobel Prize is awarded for insights to religion andspirituality), this prize is always valued at more than the valueof the Nobel Prize for a particular year.Dyson, who has also received a Nobel Prize, shared with two otherphysicists, is professor emeritus at the Institute for Advanced Studyand is currently writing scientific books for a general audience (U.S.1, January 26).Top Of PageDeathsFlorence Miller Gaspari, 65, on March 16. She was an interiordesigner and real estate broker in North Brunswick.Virginia Johnson, 53, on March 17. She worked for IBMin Dayton and FMC on Route 1 North.Jacqueline Fiasco, 34, on March 25. She was a libraryassistant at the Lawrence headquarters branch of the Mercer CountyLibrary.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
