Palatin Technologies Inc. (PTN), 4C Cedar Brook Drive, Cedar Brook Corporate Center, Cranbury 08512; 609-495-2200; fax, 609-495-2201. Carl Spana PhD, president & CEO. www.palatin.com
Palatin Technologies, which develops products for sexual dysfunction and appendicitis detection, has completed a public offering of 23 million shares of common stock, bringing in approximately $21.1 million.
Palatin intends to use the funds for general corporate purposes and working capital, including its clinical trial program with bremelanotide for female sexual dysfunction and its programs for asthma.
#b#New in Town#/b#
Interactive Design & Solutions (IDS), 4390 Route 1 North, Suite 205, Princeton 08540; 888-437-5576; fax, 888-437-5575. Dora Marchel -Wong, account manager. www.idsllp.com
Interactive Design & Solutions, a website development, marketing, and mobile app development company, has opened an office at 4390 Route 1.
Atlas Systems Inc., 5 Independence Way, Suite 200, Princeton 08540-6627; 609-452-0101; fax, 609-452-2290. www.atlassyystems.com
Atlas Systems, an IT and computer solutions firm specializing in the automotive, security, finance, and insurance industries, has opened an office on Independence Way. Founded in 2003 as an offshore development partner for J.D. Power and Associates, it also has offices in Bangalore and Chennai, India.
VaxInnate, 3 Cedar Brook Drive, Cedar Brook Corporate Center, Suite 1, Cranbury 08512; 609-860-2260; fax, 609-860-2290. Thomas Hofstaetter, president and CEO. www.vaxinnate.com
VaxInnate, which develops proprietary vaccines for seasonal and pandemic influenzas was one of two companies recently awarded federal contracts worth $215 million to develop a new generation of flu vaccine.
VaxInnate scored $196.6 million from the federal Department of Health and Human Services, to be paid out over five years. The company is developing a recombinant influenza vaccine technology that combines influenza and bacteria proteins to stimulate strong immune response.
Kepner-Tregoe Inc., 17 Research Way, Box 704, Princeton 08542-0704; 609-921-2806; fax, 609-497-0130. Ray Baxter, CEO. www.kepner-tregoe.com
Kepner-Tregoe, an international consulting and training services firm based at 17 Research Way, has named board chairman Ray Baxter its new CEO. Baxter, who replaces interim CEO Richard Van Camp, will take over as of April 1.
Van Camp recently replaced Andrew Graham as CEO, but there is no word on Graham.
Baxter is a 30-year veteran of the food processing industry, having spent 22 years as CEO of Interbake Foods. Prior to Interbake, Baxter held management positions with Frito Lay and Castle & Cooke. He also served in the U.S. Air Force. He holds an MBA from Harvard and bachelor’s and master’s degrees from the University of Michigan.
Stanley Access Technologies, 17 Marlen Drive, Suite C, Robbinsville 08691; 609-890-0877; fax, 609-890-1574. John D. Shafer, senior operations manager. www.stanleyaccesstechnologies.com
Stanley Magic-Door, a retail distribution center for Stanley Works, now operates as Stanley Access Technologies. The company manufactures automatic doors and entry systems for retailers and other businesses.
Sabinsa Corp., 20 Lake Drive, Twin Rivers, East Windsor 08520; 732-777-1111; fax, 732-777-9401. Kavita Subramanian, senior manager. www.sabinsacosmetics.com
Sabinsa, maker of cosmetics and herbal extracts for the pharmaceutical and nutraceutical industries, has won its trademark case against Creative Compounds, now that the U.S. Supreme Court has denied an appeal by Creative Compounds to hear a lower-court decision that found that company had violated Sabinsa’s trademark for its ForsLean formula.
In July the U.S. Court of Appeals decreed that Creative Compounds had created a “likelihood of confusion” between ForsLean and Creative Compounds’ Forsthin, both of which are weight management supplements. In its denial to hear the case, the Supreme Court announced that “the ForsLean mark is commercially strong. Accordingly, this factor favors Sabinsa as a matter of law.”
Hopewell Valley Engineering PC, 1600 Reed Road, Box 710, Pennington 08534; 609-745-5800; fax, 609-745-5807. Joseph M. Mahan Jr., president. www.hvepc.com
Hopewell Valley Engineering has moved from Route 31 to Reed Road, in Pennington.
Joseph M. Mahan Jr., the founder and president, has a bachelor’s degree in civil engineering and a master’s degree in environmental engineering, both from Rutgers. He has worked for the NJDEP Division of Water Resources as well as several consulting firms.
The company offers civil engineering, planning, and surveying services.
Though it does municipal engineering for Hopewell Borough, Stockwell Borough, and East Amwell Township, many of its clients are small to medium-size developers.
Its projects include senior housing and active adult communities, schools (such as Lawrenceville School, Princeton Day School, Columbus Elementary School, and Thomas Edison State College), retail stores (Harry’s Army & Navy and Cooper Pest Control in Hamilton), and religious institutions (St. Ann Roman Catholic Church, Har Sinai Temple, and Congregation Beth Chaim).
SMC Fixed Income Management LP, 103 Carnegie Center, Suite 305, Princeton 08540; 609-228-8251; fax, 609-228-8431. Vincent R. Giordano, president/senior portfolio manager.
SMC Fixed Income Solutions has moved from independence Way to the Carnegie Center. U.S. 1 had previously reported that the company had left Independence Way and was unreachable by telephone.
Foster & Adoptive Family Services, 50 East State Street, Box 717, Trenton 08625; 800-847-5027; fax, 609-943-4147.
The Adoptive Resource Center of the state Division of Youth & Family Services, has moved out of 3131 Princeton Pike. DYFS now designates the department as Foster & Adpotive Family Services, based in Trenton.
William S. Clarke PA, 65 South Main Street, Pennington.
William S. Clarke PA, who practices commercial, securities, and corporate finance law, appears to have left his office on South Main Street in Pennington.
Spruce Printing, 24 Scotch Road, Ewing. John F. Palmer, president.
Spruce, a commercial printing firm founded in 1962, has left its Ewing location. All phone numbers to the business are out of service and the property is listed for sale through Prudential Fox & Roach for $785,000.
A-Prompt Business Machines, 1111 Chestnut Avenue, Trenton. William B. Poulter Sr., president.
A-Prompt, which provides printer sales and service, has left Trenton. The firm can be reached at 1093 Pine Drive, Feasterville-Trevose, PA, 19053.
Michael Sherman, 64, on March 7. He was a professor of landscape architecture at Rutgers and a longtime physical therapy volunteer at Princeton Medical Center.
Joseph Genovese, 68, on March 4. He was the owner of Genovese Heating & Air Conditioning on Princeton-Hightstown Road since 1972.
James Dwyer III, 53, on February 28. He served as president and founder of MPI Securities, Inc., the investment banking affiliate of Management Planning Inc. at 101 Poor Farm Road.
Nanci Fasanella on February 26. She was a program manager at the state Department of Children and Families and at the Children’s Futures Early Literacy Program at Mercer County College