Celsion Corp., 997 Lenox Drive, Suite 100, Lawrenceville 08648; 800-262-0394. Gregory Weaver, senior VP, CFO. www.celsion.com
Celsion, a developer of cancer treatments using focused heat energy, has raised nearly $14 million in a public stock offering, which the company will use for general corporate purposes and for funding clinical development for its ThermoDox product development.
The new capital comes just two months after Celsion moved its corporate headquarters from Columbia, Maryland, to Lawrenceville. In the summer the company announced its intention to move to New Jersey’s biotech belt and by September had signed a 66-month lease at 997 Lenox Drive.
In November the company received $1.2 million in tax incentives through the New Jersey Economic Development Authority Business Employment Incentive Program.
#b#New in Town#/b#
Delaney & Murphy P.C., 88 Orchard Road, Skillman 08558; 908-829-4812; fax, 908-829-4813. Edward Delaney, principal.
Delaney & Murphy, a real estate, matrimonial, and contract law firm operated by the husband-and-wife team of Edward Delaney and Tara Murphy, has moved from Kendall Park to 88 Orchard Road.
Delaney, who majored in political science at the University of Maryland, earned his J.D. from Maryland in 1987. He began his legal career with a small firm in East Brunswick, where he focused on real estate, matrimonial law, and municipal court appearances, before opening his own practice in North Brunswick in 1995.
Delaney partnered with his wife in 2002 and moved to Kendall Park. A year later they formed Delaney & Murphy P.C.
Murphy earned her bachelor’s degree from Rutgers University in 1986 and her J.D. from Seton Hall in 1990.
That same year she accepted an associate’s position with a large Middlesex County law firm, where she focused her practice on commercial litigation. Later she returned to Rutgers for a master’s in public policy, then joined a large firm in Morris County, where she focused on commercial and intellectual property litigation.
Integra Life Sciences Holding Corporation, 313 Enterprise Drive, Plainsboro 08536; 609-936-3600; fax 609-275-5363. Stuart Essig, CEO. www.integra-ls.com
Integra LifeSciences, a developer of medical devices based at 313 Enterprise Drive in Plainsboro, has opened its first business office in Asia.
Integra’s new office in Shanghai, China, is part of an ongoing expansion to serve one of the world’s fastest-developing medical device markets. Stuart Essig, Integra’s CEO, said “China’s rapidly growing economy has created a significant medical device market that presents us with major growth opportunities.”
JoAnne Harla, Integra’s vice president for Latin America, Asia-Pacific, and Canada, said Integra’s China operations initially will focus on its neurosurgical products, with plans to develop its spine, orthobiologics, and orthopedics arms.
Rockwood Holdings (ROC), 100 Overlook Center, Princeton 08540; 609-514-0300; fax, 609-514-8720. Seifi Ghasemi, chairman and CEO. www.rocksp.com
Rockwood Holdings, a specialty chemicals company headquartered at 100 Overlook Center, will open a $115 million facility in Augusta, Georgia, to house its North American synthetic iron oxide facility. The expansion is expected to create 80 to 100 jobs, and is the company’s third expansion project this year. In November Rockwood announced that it was opening a butyllithium manufacturing plant in India, and in January it announced the construction of a $25 million surface treatment plant in Michigan.
The news of the Augusta plant rounds out a more productive year for Rockwood, which had a shaky 2008 and 2009 (it eliminated nearly 900 jobs worldwide in the wake of major losses) and a not-bad 2010. The two domestic openings this year replace about 150 jobs. Rockwood employs roughly 10,000 worldwide, 35 in Princeton.
Providence LLC — Investment & Risk Management, 11 Schalks Crossing Road, Plainsboro 08536; 609-716-6263. Temi Tayo Adekore, partner.
Providence LLC, a wealth management firm, appears to have left its office at 11 Schalks Crossing Road. A woman who answered the company’s phone number said that Providence was in transition, but not out of business and not yet set up in another office.
Founded in 2002, Providence is a full-service securities investments and wealth management firm that provides asset protection, professional consulting on risk management solutions on market, credit, and operational risks platform for financial and nonfinancial groups. Temi Tayo Adekore, a partner in the firm, also does estate planning, life and health insurance, and business planning for executives and business owners.
Lumiko USA Inc., 47 Commerce Drive, Cranbury 08512; 609-409-6900; fax, 609-409-6969. Mike Lee, president.
Lumiko, a maker of pressed and blown glassware for automobiles, has moved from 1085 Cranbury-South River Road in Jamesburg to Commerce Drive in Cranbury.
Real Possibilities LLC, 88 Orchard Road, Skillman 08558; 609-514-1300; fax, 609-514-2629. Rosemarie Fisher CPA, president. www.realposs.com
Real Possibilities, which provides bookkeeping services and business consulting to small and medium-sized businesses, has moved from 5 Independence Way to 88 Orchard Road.
The name Real Possibilities was chosen for its potential, says Ilonka Seamon, who founded the firm with Rosemarie Fisher in 2002. “We liked the fact that we could do anything and wouldn’t be put into a box.”
After a earning a bachelor’s from Rutgers in 1978, Seamon worked in the accounting field for 20 years. Fisher, a CPA, went to Rider and has degrees in accounting and computer science.
Twin Leaf, 848 Alexander Road, Suite 211, Princeton 08540; 609-759-0859. Thomas W. Kornack, chief scientist. www.twinleaf.com
Princeton University physicist Tom Kornack has moved his research firm, which seeks to develop the next generation of sensitive atomic magnetometers, from 501 Forrestal Road to 848 Alexander Road.
The move was spurred by the coming demolition of 501 Forrestal Road to make room for an expansion of ReCAP, the joint Princeton/Columbia/New York Public Library book repository.
The company’s research centers on magnetometers, which are used to locate iron deposits and in large geological and archaeological surveys, as well as finding sunken ships. Atomic magnetometers are the technology at the heart of MRI machines.
Kornack, who holds a bachelor’s degree in physics and linguistics from Swarthmore and a Ph.D. in astrophysics from Princeton, has worked in the design, fabrication, and operation of magnetometers and gyroscopes for more than seven years.
During graduate and postdoctoral work at Princeton University, he worked on the development of the first spin exchange relaxation-free (SERF) magnetometers. SERF magnetometers measure magnetic fields by using lasers to detect the interaction between alkali metal atoms in a vapor and the magnetic field.
Kornack founded Twin Leaf in a Princeton University lab to develop and commercialize these sensors for use in a wide variety of applications. Twinleaf’s core technological basis is derived from his extensive experience building the world’s most sensitive magnetic field sensors.
The president of the company, Elizabeth Foley, is an expert in magnetic field measurements of high-temperature magnetofluid plasmas. She received her doctorate from Princeton University for work on energetic neutral beam diagnostics and their unusual behavior in weaker magnetic fields.
Sunray Infosys Inc., 100 Canal Pointe Boulevard, Suite 108, Princeton 08540; 609-799-2700. Ray Nallanukala, president. www.sunrayinfosysinc.com
Sunray Infosys, which places technical and IT-oriented consultants, has moved its office from 6 Market Street in Plainsboro to 100 Canal Pointe Boulevard.
The company, which also develops IT and project management for governments, corporations, tech start-ups, manufacturing, and utility companies, also has offices in Rhode Island and India.
Jerome Duick, 74, on December 2. He was a field engineer with IBM in Princeton and also worked at Princeton University Forrestal Research Center.
Catherine ‘Kay’ McGrath, 87, on December 1. She was the founder and, for more than 20 years, the executive director of the Mercer Council on Alcoholism and Drug Addiction. She also was a regular guest columnist for the Times of Trenton and the host of a weekly radio program on WDVR.
Donald Wilson, 86, on November 29. The last surviving member of the Executive Committee of the National Security Council (ExCOMM), a specially created policy group that advised President John F. Kennedy during the Cuban Missile Crisis in 1962. He also served as the vice president for public affairs at Time Inc. In 1987 he co-founded the newspaper that would become NJ Biz.
A service will be held on Saturday, January 28, at 2 p.m. at Lawrenceville Presbyterian Church, 2688 Main Street.
Dick Braverman, 83, on November 16. He was president of the Princeton Memorial Park Association in Robbinsville.