PharmaNet (PDGI), 504 Carnegie Center, Princeton 08540-6242; 609-951-6800; fax, 609-514-0390. Jeffrey McMullen, president and CEO. www.pharmanet.com
PharmaNet, a consulting and contract clinical research agency based at 504 Carnegie Center, has been sold to inVentiv Health Inc. of Massachusetts for an undisclosed amount.
According to inVentiv, the addition of PharmaNet will put the company into nearly 40 countries and “greatly enhance its early and late-stage clinical development capabilities.”
It is not yet clear how the deal, expected to closed on June 30, will affect PharmaNet’s location in Princeton. The company employs 300 at its 60,000 square-foot facility at 504 Carnegie Center.
The news does, however, coincide with PharmaNet’s recent announcement to close its 90-person research facility in Montreal due to decreasing demand for clinical trials in North America. The work at the Montreal site is expected to be phased out over the next few weeks.
Liquid Light, 7 Deer Park Drive, Princeton Corporate Plaza, Suite F, Monmouth Junction 08852; 732-274-2215; fax. Kyle Teamey. www.llfuels.com
Liquid Light, a green chemical company focused specifically on the conversion of carbon dioxide to fuels and industrial chemicals, has received $149,691 in federal SBIR money for its alternative fuel technology.
The company is an early-stage start-up founded on discoveries made at Princeton University that look for ways to convert waste carbon dioxide to butanol, a gasoline alternative. Kyle Teamey, Liquid Light’s COO, refers to the process as “artificial photosynthesis.”
Teamey says the technology is far enough along to make the leap from laboratory to marketplace in a reasonable time frame — which means about three years. But of course scaling up comes with its own set of obstacles.
“Anytime you have a new discovery, there is a lot of challenge to taking it from the size of a coffee mug to something that will produce billions of tons of whatever you are producing,” he says.
The technology was created in the laboratory of Andrew Bocarsly, a chemistry professor at Princeton University who works part time for Liquid Light and advised the doctoral thesis of Emily Cole, a researcher at Liquid Light focused on scaling up the process.
Teamey found out about the research in Bocarsly’s lab almost by accident in the course of his work investigating clean technologies for California-based capital investment firm Redpoint Ventures, for which he still works part-time. He and Bocarsly founded Liquid Light, whose CEO, physicist Nety Krishna, works at Redpoint Ventures.
Liquid Light licensed the technology from Princeton University and signed a sponsored research agreement for additional research and development by a postdoctoral fellow and a couple of doctoral candidates. Company research is also done on site at Liquid Light’s offices on Deer Park Drive by Cole and Narayanappa Sivasankar.
Teamey grew up in Klamath Falls, Oregon. When Teamey went to Dartmouth he studied environmental engineering. After graduating in 1998 he joined the army to repay the ROTC scholarship that had put him through college. He was assigned to a tank unit and spent a year in Iraq, during a period of relatively low violence when the army was able to build schools and develop the local economy and infrastructure.
Teamey’s interest in energy began with his work as an undergraduate in a lab that did biofuels research on cellulosic ethanol. This research eventually developed into Mascoma, a company started by Dartmouth professors that builds energy projects primarily in the areas of solar, wind, and biomass.
In 2003 and 2004 Teamey served as an army captain in military intelligence in Ramadi, Iraq. As a colleague of John Nagl, whose doctoral work explored counterinsurgency, Teamey co-wrote the counterinsurgency field manual ordered by General David Petraeus; the manual was used as a basis for his strategy in Iraq and Afghanistan. Because the company is so early-stage, Teamey is circumspect about making predictions for Liquid Light’s future.
“If we can reach all of the technical milestones, if we can scale up effectively, we will have something very interesting,” he says. “The focus of our effort is still on scaling the technology, and I would like it to be up to a pilot scale in the next two or three years.
Century 21 Melendez Realty Services LLC, 1369 South Broad Street, Trenton.
Century 21 Melendez Realty has left its location on Broad Street in Trenton. The firm’s telephone number has been disconnected as well.
George Steill, 70, on May 27. He was a mechanical designer/draftsman with area engineering firms and recently retired from the Raytheon office at Princeton University’s Plasma Physics Laboratories.
Herbert Moses, 81, on May 24. He was a professor emeritus of physics at TCNJ.
Douglas Radcliffe, 57, on May 24. He was an architect who worked at several firms, including Faridy, Thorne & Fraytak of Trenton, and most, recently with HDR (CUH2A) on Lenox Drive.
Charles ‘Dewey’ Weingart, 82, on May 22. He founded Dewey’s Upholstery Shop, 33 Station Drive in Princeton Junction, in 1944 and was still active in the business at the time of his passing.
Benjamin Silverman, 86, on May 17. He established a pediatric practice in 1954 that ran for more than 30 years.
Doris Peskin, 91, on May 9. A longtime Princeton-area volunteer, she was one of the founding members of Princeton Community Television. A memorial service will be scheduled at a later date at the Stonebridge residential community in Montgomery.