Edited by Scott Morgan
Senesco Technologies Inc. (SNT), 303 George Street, Suite 420, New Brunswick 08901; 732-296-8400; fax, 732-296-9292. Jack Van Hulst, president and CEO. www.senesco.com
Senesco, a New-Brunswick-base biotech firm that develops gene technology to delay cell death in plants and mammals, recently closed on approximately $10.3 million in financing. The company announced that intends to use the money to help advance its research into multiple myeloma (cancer of white blood cells).
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, the Ewing-based maker of flat panel, full color OLED displays, and OLEDs for white lighting, has been given a $500,000 SBIR grant from the National Science Foundation to demonstrate further advances in its thin-film encapsulation technology. This technology provides a protective barrier for flexible OLED displays and lighting and can be applied to other thin-film electronics, such as solar cells, batteries, sensors, and photodetectors. The company plans to expand the cost-effectiveness of the technology.
Orchid Cellmark Inc. (ORCH), 4390 Route 1 North, Princeton 08540; 609-750-2200; fax, 609-750-6405. Thomas A. Bologna, CEO. Home page: www.orchid.com
Orchid Cellmark, a developer of identity DNA testing services, has acquired the paternity and immigration DNA testing business unit of Strand Analytical Laboratories of Indianapolis, Indiana.
Terms of the contract were not disclosed, but according to Orchid Cellmark the company Strand’s paternity and immigration testing business unit had revenue of roughly $450,000 in 2009. Strand will retain its other DNA testing business units.
Merrill Lynch & Co. Inc. (MER), 1200 Merrill Lynch Drive, Pennington 08534; 609-274-1000; fax, 609-274-0100. www.ml.com
Financial giant Merrill Lynch has agreed to pay close to $4.8 million to the state of New Jersey to end an investigation into accusations that the company marketed risky auction rate securities to clients. The firm also agreed to repurchase the securities from private investors.
According to the attorney general’s office, an unknown number of investors were sold on auction rate securities, which typically refers to longterm corporate or municipal bonds for which the interest rate is regularly reset through a Dutch auction. Most such auctions conducted since early 2008 have failed, and the $330 billion auction market was subsequently largely frozen since it collapsed with most of Wall Street in the late summer of 2008. State officials said Merrill Lynch marketed the investments as safe and accessible as cash.
Attorney general Paula Dow said the company marketed the securities without adequately spelling out the risks to investors.
This is the latest chapter in an ongoing legal battle between New Jersey and Merrill Lynch and its owner, Bank of America. Last year the state sued Merrill Lynch, claiming it sold New Jersey $300 million in stock based on misleading information.
#b#New in Town#/b#
Vasade Bioscience, 675 Route 1 South, Technology Center of NJ, North Brunswick 08902; 973-972-0273; fax, 973-972-1299. Stephen Vatner, M.D., president and CEO. www.vasadebiosciences.com
Barnegat-based biotech firm Vasade Biosciences has opened a laboratory at the Technology Center of New Jersey in North Brunswick.
Vasade is a pre-clinical developer of drugs used to treat cardiovascular disease. It was founded by a team of doctors from the University of Medicine & Dentistry in Newark and mainly develops inhibitors designed to reduce deterioration in and around the heart.
The company has four founders: Stephen Vatner, who serves as president and CEO; his wife, Dorothy Vatner, who heads proteomic research; Junichi Sadoshima, director of research; and Christopher Depre, director of genomic research. All are medical doctors.
Stephen Vatner spent 25 years at Harvard Medical School before being named chairman of the department of cell biology and molecular medicine at UMDNJ. Dorothy Vatner, also a former professor at Harvard Medical School, became a professor at UMDNJ in 2000.
New Millennium Remodelers, 4 Crossroads Drive, Suite 116, Hamilton 08691; 609-587-8000; fax, 609-587-7788. Mauro Adriani, owner. Home page: http://newmillenniumremodelers.com
Some former members of HomeFix, a remodeling company that specializes in windows, roofs, and doors, have broken away to form a new company that focuses on more green construction methods.
New Millennium is the result of the split, headed by Mauro Adriani, who used to work for HomeFix. HomeFix no longer operates in this area, though it has several regional locations.
New Millennium operates in the same space as HomeFix once operated, and according to Adriani, most of the employees at his company are veterans of HomeFix.
Colony Crossing Real Estate and Business Brokerage Consultants, 1 Park Place East, Cranbury 08512-1019; 609-890-3331. Anthony J. Cavallaro, partner. Home page: www.colonycrossing.com
Commercial realty firm Colony Crossing has moved its offices from Nottingham Way in Hamilton to Cranbury.
The firm is run by Anthony Cavallaro, a 30-year veteran of real estate in New Jersey.
Dan Martin, Attorney at Law, 108 Straube Center, Suite I-4B, Pennington 08534; 609-598-2183; fax, 609-818-9206. www.journeybackthenovel.com
Lawyer, therapist, and novelist Dan Martin has moved his law practice from Wall Street to Straube Center in Pennington.
Born and raised in the Bronx, Martin opened his firm in 1984, concentrating on family law and mediation.
He coauthored “The Danger-to-Self-or-Others Exception to Confidentiality,” a scholarly reference work used by psychotherapists and recently published his first novel, “Journey Back.”
Dolvin Consulting, 3817 Crosswicks Hamilton Square Road, Suite 296, Hamilton 08691-; 609-771-8141; fax, 609-482-4107. Michael DeCamillis, president. Home page: www.dolvin.com
Michael DeCamillis has moved his E-commerce consulting firm from Lexington Avenue in Trenton to Hamilton, near Yardville.
DeCamillis, who holds a bachelor’s degree in computer science from Rutgers (Class of 1982), is chairman of the Mercer Chamber’s Technology Committee. Dolvin specializes in helping small to mid-sized businesses implement and operate E-commerce practices.
Garrett M. Heher, 475 Wall Street, Princeton 08540; 609-921-0191; fax, 609-497-9325.
Alternative dispute resolution attorney Garrett Heher has moved from Nassau Street to Research Park.
Marta Cruz Gold Esq., 2 Tree Farm Road, Suite A-220, Pennington 08534; 609-924-8500; fax, 732-875-1198.
Immigration, wills and bankruptcy attorney Marta Cruz Gold has moved from Lawrence-Pennington Road to Tree Farm Road.
The Hawver Group, 19 Melville Road, Princeton Junction 08550; 609-269-5094; fax, 609-785-5923. Dennis A. Hawver PhD CMC, president.
The Hawver Group, a four-person management consulting firm specializing in leadership competencies, has moved from Cranbury to Princeton Junction.
The firm is led by Dennis Hawver, a psychologist who earned his doctorate from Temple in 1986.
The Torok Group, 230 Long Hill Road, Hillsborough 08844-9728; 908-369-8999. John Torok, partner.
The five-person lobby and public relations firm Torok Group has moved from North Brunswick to Hillsborough.
vFinance Investments Inc., 116 Village Boulevard, Suite 200, Princeton 08540; 609-883-8822; fax, 609-883-8899. Dennis Tanner, registered principal. Home page: www.vfinance.com
Dennis Tanner has moved vFinance, his full service broker dealer, from Lenox Drive to Village Boulevard.
The company, vFinance Investments, has offices in 22 states and offers stocks, bonds, mutual funds, real estate investment trusts, and private equity deals.
Wells Fargo Advisors (WFC), 989 Lenox Drive, Building 1, Suite 200, Lawrenceville 08648; 609-896-0200; fax, 609-896-0714. Will Geckler, branch supervisor. Home page: www.wellsfargoadvisors.com
The Princeton branch of national investment advisory firm Wells Fargo has moved from 136 Main Street to Lenox Drive in Lawrenceville.
Ziegler & Associates Inc., Box 214, Titusville 08560; 800-489-1239; fax, 609-637-9403. David L. Ziegler CFE CFI, president. Home page: www.ziegler-inv.com
David Ziegler has moved his competitive intelligence investigations firm from its offices on Bear Tavern Road in West Trenton and now uses a Titusville post office box for the firm’s address.
Everwell, 34 Chambers Street, Princeton. Andrew Friedheim, vice president, sales and marketing. Home page: www.everwelltv.com
Everwell, which handles production for video programming shown in doctors’ offices, has left its office at 34 Chambers Street. Everwell shared the address with MediVista. Everwell provided the programming service and MediVista the network and marketing.
MediVista, based in Atlanta, no longer has a Chambers Street location.
Likewise, Rick Granato has closed the MediVista operation here. Granato said he and Andrew Friedheim of Everwell have retained the office space for another project, which they did not disclose.
GB Tech Inc., 55 Princeton-Hightstown Road, Princeton Junction. Ramesh Mallepalli, president and CEO. www. gbtechinc.com
IT consulting firm GB Tech has left its offices on Princeton Hightstown Road and is now based in Delaware. The firm can be reached at 302-378-5600.
International Medical Press, 202 Carnegie Center, Princeton. Donna Hilton, vice president client services. www.intmedpress.com
International Medical Press, a publisher of medical books and journals headquartered in England, appears to have left its offices in Carnegie Center.
The company can be reached at its Atlanta office at 404-443-1500.
Nam San Properties LLC, 1530 Brunswick Avenue, Lawrenceville.
NKP Architects, 1530 Brunswick Pike. Sin Nam, owner.
Commercial properties management firm Nam San and NKP Architects, have left their location on Brunswick Avenue in Lawrenceville and reportedly have moved from the state.
Paragon Computer Professionals, 116 Village Boulevard, Princeton. Home page: www.paracomp.com
Paragon, an IT consulting firm with offices in the Northeast, Michigan, and India, has left its office at 116 Village Boulevard.
The company’s headquarters are in Cranford and can be reached at 908-709-6767.
William Thomas Ortman, a property manager for Hilton Realty for 26 years, died on April 10.
The body of Christopher Baldwin, 58, was recovered from the Delaware River in Bordentown on April 8. Baldwin, an architect and engineer at Bristol-Myers Squibb, had been missing since a March 21 boating accident in the Delaware River near Lambertville.
Franklin Crawford, 81, died on March 15. He was the founder of Princeton Microfilm Corp., located at 43 Princeton-Hightstown Road, and owner of several Princeton properties. He also was the former co-owner of the Princeton Indoor Tennis Club.