Snowdon, which develops medications for cancer, chronic pain, and infectious disease, has been awarded a three-year contract from the Department of Defense to develop medical treatments to combat bio-warfare pathogens. Snowdon may receive up to $8.2 million in support of development efforts.
Snowdon is partnering with the University of Medicine and Dentistry of New Jersey-New Jersey Medical School to help conduct the research. The school’s Department of Medicine will test Snowdon’s drug candidates on specific biowarfare pathogens. Snowdon will also be assisted by the school’s newly opened Regional Biocontainment Laboratory.
Snowdon has recently expanded its research and development space at its headquarters at 1 Deer Park Drive. It also has expanded its team. Founded by William Welsh, a professor at UMDNJ, the firm recently hired Stephen Albano as its interim CEO. Albano, a CPA who earned his bachelor’s in business administration from Rider, has run his own accounting firm and has worked in the healthcare division of New York-based accounting firm KPMG.
The firm also recently hired Richard Wood, an organic chemist who has worked for several drug development companies, as its vice president of research. Wood earned his Ph.D. in organic chemistry from Cornell and spent 20 years working in biotech and pharma companies such as Cytogen, Bristol-Myers Squibb, and Symphony Pharmaceuticals.
#b#Snowdon Pharmaceuticals#/b#, 1 Deer Park Drive, Suite H-3, Monmouth Junction, 08852; 732-230-3796. William J. Welsh, founder. www.snowdonpharma.com
#b#New in Town#/b#
Espire Technologies, 101 Morgan Lane, Suite 200, Plainsboro 08536; 609-378-5598. Amit Rai, CEO. www.espireinfo.com
Espire Technologies, an international developer of IT applications and software, has opened a U.S. sales office at 101 Morgan Lane. Headquartered in New Dehli, the company has offices in Australia, Japan, and the United Kingdom.
Fusion Employer Services, 9 Gordon Avenue, Rear Building, Lawrenceville 08648; 609-896-5900; fax, 609-896-5904. Joe Carfagno, founder. www.fusionemployerservices.com
Fusion Employer Services, which provides HR, payroll, benefits, and worker’s compensation consulting for small business, has opened on Gordon Road in Lawrenceville.
The company was co-founded by Joe Carfagno and Dan Surtz. Carfagno is a Philadelphia native and a graduate of Temple University, where he earned bachelors’ degrees in marketing and economics. He began his career in the employer service division of ADP before going on to lead the sales force.
Surtz graduated from Franklin & Marshall College and Villanova Law School. In l997 he began a six-year stint in corporate litigation and eventually went to ADP, where he met Carfagno.
Open Systems Technologies, 231 Clarksville Road, Suite B, Princeton 08540; 215-399-1243; fax, 215-527-4140. Lee Serafini, business development manager. www.opensystemstech.com
Open Systems Technology, an IT and technology placement and services firm, has opened an office on Clarksville Road. The office is run by Lee Serafini, a 2002 graduate of Elon College, where he earned his bachelor’s in communications. Prior to joining OST, he served as sales executive for Quinnova Pharmaceuticals, Critical Therapeutics, and AstraZeneca.
Stuyvesant Environmental Contracting, 212 Carnegie Center, Suite 200, Princeton 08540; 504-441-8364. Neil Geevers, program manager.
Stuyvesant Environmental, a Louisiana-based contracting and project management firm, has opened a regional office in the Carnegie Center. The office is run by Neil Geevers, a 29-year veteran of environmental engineering, site investigations, feasibility studies, and remedial design.
Replication Medical, 7 Clarke Drive, Cedar Brook Corporate Center, Cranbury 08512; 609-860-0330; fax, 609-860-0343. Ann Prewett, president and CEO. www.replicationmedical.com
Replication Medical, a developer of products for spine and other surgical applications, has received a $244,479 grant from the federal Health Department based on the company’s expenses in developing its GelStix product for chronic lower back pain. GelStix is a matchstick-sized implant placed between spinal discs that absorbs bodily fluids in order to rehydrate and repressurize the disc.
StemCyte, 850 Bear Tavern Road, Ewing 08628; 609-882-9302; fax, 609-882-4826. Ken Giacin, CEO. www.stemcyte.com
StemCyte, which conducts stem cell transplantation for therapeutic products from umbilical cord blood (UCB) donations to stem cell banks, has been given $488,950 under the U.S. Internal Revenue Service’s Qualifying Therapeutic Discovery Project program, designed to support biomedical research by firms with fewer than 250 employees.
StemCyte received the money to develop therapies using UCB stem cells for the potential treatment of chronic spinal cord injury and chronic stroke.
Soligenix (SNGX), 29 Emmons Drive, Suite C-10, Princeton 08540; 609-538-8200; fax, 609-452-6467. Christopher J. Schaber, president and CEO. www.soligenix.com
Soligenix, which develops products to treat life-threatening side effects of cancer treatments and serious gastrointestinal diseases, has received $244,479 under the U.S. Internal Revenue Service’s Qualifying Therapeutic Discovery Project (QTDP) program.
Kaplan EduNeering, 202 Carnegie Center, Suite 301, Princeton 08540; 609-627-5300; fax, 609-627-5330. Lisa Clune, president. www.kaplaneduneering.com
Kaplan EduNeering, which develops technology-based learning solutions for the pharmaceutical, healthcare, energy, and manufacturing industries, has opened an office in Hong Kong. The new location will house sales and support staff.
Universal Display Corporation Inc. (PANL), 375 Phillips Boulevard, Ewing 08618; 609-671-0980; fax, 609-671-0995. Steven Abramson, president. www.universaldisplay.com
Universal Display, which develops flat panel, full color OLED displays, and OLEDs for white lighting, is forming a subsidiary in South Korea. According to Steve Abramson, president of Universal Display, the OLED market, estimated at $1 billion a year, has much of its existing manufacturing bases in Asia. He calls the new subsidiary in “an important next step to expand our presence in Asia.”
#b#Financing News #/b#
Edison Venture Fund, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. John H. Martinson, managing partner. www.edisonventure.com
Edison Venture Funds has invested an additional $2.6 million in M5 Networks, a VoIP provider headquartered in New York City. Edison’s cumulative investment in the company reached $11.9 million.
#b#Stock News #/b#
Stentys, 103 Carnegie Center, Suite B-109, Princeton 08540; 609-853-0110; fax, 609-275-6155. Hikmat Hojeibane, chief technology officer. www.stentys.com
Stentys, which develops stents used to treat acute myocardial infarction and coronary artery bifurcations, has raised $31.9 million in an IPO to commercialize its products in Europe and obtain regulatory approvals for their commercialization in the United States.
ConvaTec, 200 Headquarters Park Drive, CN 5254, Princeton 08543-5254; 908-904-2500. Dave Johnson, CEO. www.convatec.com
ConvaTec, a manufacturer of ostomy, wound, and skin care products, has named Brad Barton as president of its U.S. operations.
Barton joined ConvaTec in 1996 and has held a number of management positions across the company’s business divisions and regions. Most recently, Barton served as vice president of the Americas and Intercontinental divisions.
Segal LaBate Commercial Real Estate, 1545 Lamberton Road, Trenton 08611; 609-394-7557; fax, 609-394-6894. Charles S. Segal, president. www.segalinc.com
Segal Commercial Real Estate, an appraisal, brokerage, and property management firm, has changed its name to Segal LaBate, to reflect the 20-year-old-firm’s new president, Anne LaBate. Charles Segal will assume the role of chairman.
A graduate of Rutgers and NYU, LaBate is marking her 20th year in the commercial real estate industry, most of which she has spent with Segal.
Medical Staffing Network, 2500 Brunswick Pike, Suite 203, Lawrenceville 08648; 609-912-1563; fax, 609-912-1564. Joanne M. DiScala, office manager. www.msnhealth.com
Medical Staffing Network, which places health and medical personnel, has moved from 3131 Princeton Pike to 2500 Brunswick Pike.
Budco (formerly Direct Group), 1595 Reed Road, Pennington; 856-241-9400. www.directgroup.net
Direct Group, a direct mail services firm owned by Michigan-based Budco, has moved its Pennington office into its Swedesboro location.
Budco acquired two divisions of Direct Group — the database management group in Piscataway and the distribution center in Robbinsville — in January for an undisclosed amount. Those centers will remain.
Budco’s main business is fulfillment services on warranties and manuals for the auto industry, though it also works with the pharmaceutical, retail, travel, and transportation industries.
eBusiness Application Solutions Inc./Emtec Inc., 666 Plainsboro Road, Plainsboro. www.ebasusa.com
EBAS, a developer of software, quality assurance, and business analysis, has left its office on Plainsboro Road. Now wholly owned by Emtech, the firm operates in Springfield. The company can be reached at 973-376-4242.
Empower Technology Solutions Inc., 196 Princeton-Hightstown Road, West Windsor. 609-275-6700. www.empowertsi.com
Empower, which does consulting for IT companies on high-risk, technology-dependent business projects, has moved its West Windsor office to Iselin. The company can still be reached via the local number.
Flip-Globe LLC, 50 Princeton-Hightstown Road, Princeton Junction.
Flip-Globe, an IT outsourcing and software development firm, appears to have left its offices on Princeton-Hightstown Road. The company phone number does not answer.
Law Office of Ernest Blair, 3530 Route 27, Kendall Park.
Attorney Ernest Blair has left his office in Kendall Park and now operates in Edison. He can be reached at 732-287-6060.
#b#Out of Business#/b#
Pine Creek Miniature Golf, 394 Route 31, West Amwell 08551; 609-397-7762; fax, 609-397-7805. Polly Anderson, marketing director. www.pinecreekgolf.com
Pine Creek, a 28-acre miniature golf course in West Amwell, closed forever on October 31.
After 17 years, the owner of the course, Terry Lynam, announced in September that he would retire and sell the property. The area is zoned highway commercial.
At 28 acres, Pine Creek was one of the largest mini-golf courses in the country.
Elizabeth Boyd, 91, on November 13. An employee at the Princeton U-Store for nearly 30 years, she ran the shop’s photography department, giving photo advice to the likes of Albert Einstein and Robert Oppenheimer.
Mary Kerney Levenstein, 69, on November 9. She was active in animal rights and rescue groups throughout the Princeton area.