#b#BMS Gives to Capital Health#/b#

Capital Health Regional Medical Center, 750 Brunswick Avenue, Trenton 08638; 609-394-6000; fax, 609-695-8865. Al Maghazehe PhD, president and CEO. www.capitalhealth.org

Capital Health announced Monday that pharma giant Bristol-Myers Squibb will give a multi-million dollar gift to support the Capital Health Regional Medical Center Trauma Center in Trenton. The amount of the gift will be announced on Wednesday, April 28.

Capital Health’s is building new hospital in Hopewell, a project expected to carry a $550 million price tag when it opens in 2011.

#b#New in Town#/b#

Axletree Solutions Inc., 2 King Arthur Court, Lakeside West, Suite A-1, North Brunswick 08902; 732-296-0001; fax, 732-210-0330. Frank Frankel, president. www.axletrees.com

Axletree Solutions, an information technology firm that operates exclusively with the international SWIFT network, has opened an office in North Brunswick.

SWIFTNet is network used by the Society for Worldwide Interbank Financial Telecommunications, a Belgium-based cooperative through which the financial world conducts business.

The network serves 8,300 banking organizations, securities institutions, and corporations in more than 200 countries that allows customers to automate and standardize financial transactions. Axletree’s Service Bureau provides connectivity to the network to financial institutions and corporations.

Hygeia Consulting Group LLC, 65 South Main Street, Building A, Suite 202, Pennington 08534; 609-737-0428; fax, 609-737-0439. Juliene Stafford, president. www.hygeiacg.com

Hygeia Consulting, a management consulting firm specializing in the pharma and health industries, has opened in Pennington.

The company, founded in 2002 as Axia Management, operated at 100 Nassau Street and 65 Main Street in Pennington. President Juliene Stafford, a former senior director in the pharmaceutical development division at Bristol-Myers Squibb who earned her Ph.D. from USC in 1983, renamed the company Hygeia after the Greek goddess of illness prevention and good health.

Stafford says that the healthcare industry is moving rapidly towards community-based models that are more customer-centric and require a flexible understanding of how each element fits together —or doesn’t, and that Hygeia is looking to bridge these areas.

Quantum Enterprises Inc., 3546 Route 27, South Brunswick 08824; 732-398-9999; fax, 732-398-9998. Gururajan Rao, founder. www.quantument.com

Quantum Enterprises, which provides IT services for pharma and biotech companies, has opened an office in South Brunswick.

Based in Bangalore, India, the company provides content management, biostatistics research, and business development services.

It was founded in 1997 by Gururajan Rao, who holds several degrees from Rutgers and NJIT. His first was a bachelor’s in engineering from Annamalai University in India, followed by masters’ degrees in biomedical engineering and computer science from NJIT in the late 1980s.

Rao received an MBA and a Ph.D. from Rutgers in 2000.

Silverline Windows & Doors, 1 Silverline Drive, North Brunswick 08902; 732-435-1000. Scott Powell, engineering manager.

Silverline, a maker of energy-efficient, low-maintenance vinyl windows and patio doors, has opened a manufacturing and distribution center in North Brunswick.


Aton Pharma Inc., 3150 Brunswick Pike, Suite 230, Crossroads Corporate Center, Lawrence 08648; 609-671-9010; fax, 609-671-9046. Mike Wells, CEO. www.atonrx.com

Aton, a specialty pharmaceutical firm that develops medicines targeting rare and orphan metabolic, neurological, cardiovascular and ophthalmic diseases, has added an eighth drug to its arsenal with the acquisition of Parkinson’s drug Lodosyn from Bristol-Myers Squibb.

Terms of the deal were not released. According to Bristol-Myers, Lodosyn is used in conjunction with levodopa, the main drug used in the treatment of Parkinson’s disease.

#b#Management Moves#/b#

Home News Tribune, 35 Kennedy Boulevard, Box 1049, East Brunswick 08816; 732-246-5500; fax, 732-565-7208. Paul Grzella, general manager. www.mycentraljersey.com

Paul Grzella has been named general manager of the Courier News in Somerville, the Home News Tribune in East Brunswick, and MyCentralJersey.com.

Grzella joined the Courier News in 1983 as the beat reporter and most recently served as managing editor for the two newspapers and website.

He also was a copy editor, special sections editor and manager, features editor, associate editor, and assistant managing editor.

Grzella succeeds Skip Hidlay, who named publisher of the Wichita (Kan.) Eagle in March.

#b#Legal Maneuvers#/b#

Congoleum Corporation, 3500 Quakerbridge Road, Box 3127, Mercerville 08619; 609-584-3000; fax, 609-584-3685. Roger Marcus, president, CEO. www.congoleum.com

The vinyl floor manufacturer has settled a longstanding asbestos-related lawsuit with insurer Chartis Companies. Congoleum will pay $40 million over a six-year period to employees who filed a suit claiming health damage caused by working at one of the company’s three plants.

In a written statement, Congoleum’s board chairman Roger Marcus commented, “With this latest settlement, we have now resolved all our insurance litigation and moved one step closer to completing our reorganization.

The suit dates to 2003, when Congoleum filed a prepackaged bankruptcy plan related to asbestos claims.

#b#Crosstown Moves#/b#

Wealth Management Partners LLC, 65 South Main Street, Building C, Suite C001, Pennington 08534-2822; 609-730-4940; fax, 609-730-4943. Stephen Molinelli, CIO. www.wmpinvestments.com

Wealth Management Partners, a financial advisory firm founded by Stephen Molinelli in 2007, has moved from Bear Tavern Road to Pennington.

A 35-year veteran of the securities industry, Molinelli began his career in 1975 in the municipal bond department of Smith Barney, where he also helped develop the firm’s municipal high net worth portfolio management group in 1977.

He left Smith Barney in 1993 to work for Donaldson, Lufkin, and Jenrette (now Credit Suisse First Boston) as one of three senior managers in charge of rebuilding the firm’s municipal bond department. He also worked in that firm’s corporate and divisional management sectors, conducting portfolio management, trading, and marketing. Molinelli joined UBS Financial Services in 1999 as a financial advisor before opening Wealth Management Partners three years ago.

American Portfolios Financial Services Inc., 100 Overlook Drive, Second Floor, Princeton 08540; 609-844-7730; fax, 609-219-7486. Ronald Waseleski, registered representative. public.americanportfolios.com

Financial specialist Ronald Waseleski has moved his office from Lenox Drive in Lawrenceville to Overlook Drive. The office is a regional office for American Portfolios, a full-service brokerage firm based in Holbrook, New York.

NIIT Technologies, 1100 Cornwall Road, Suite 202, Monmouth Junction 08852; 732-821-7272; fax, 770-551-9229. Vineet Anand, regional director. www.niit.com.

NIIT Technologies, the New Dehli-based provider of custom software and IT solutions, has moved its American headquarters from Independence Way to Cornwall Road in Monmouth Junction.

NIIT Technologies is an offshoot of NIIT, an India-based IT company that is the largest IT training and education company in the world, teaching more than 5 million students in 40 countries. In 2004 NIIT split into two separate companies, NIIT Limited, which stays focused on training, and NIIT Technologies, which focuses on IT services.

According to NASSCOM, NIIT technologies ranks among India’s Top 20 IT software service exporters and has alliance with several top global IT providers, such as Computer Associates, IBM, Microsoft, Metalogic, SAP AG, Cisco Systems, Oracle Corporation, and Seec. The company caters mainly to the banking, insurance, transportation, travel, and retail and management sectors.

Niksun Inc., 100 Nassau Park Boulevard, Third Floor, Princeton 08540; 609-936-9999. Parag Pruthi, CEO. www.niksun.com

Niksun, which develops software and Internet applications that help keep government and business websites working safely and securely, has moved from Cornwall Road in Monmouth Junction to Nassau Park Boulevard.

As cyber security becomes more of an issue for business, law enforcement, and government agencies, Niksun has grown, more than doubling its staff size over the past two years. In 2007 there were about 65 employees at the company’s Cornwall Road headquarters; now there are 150. The increase came largely through hiring, rather than acquisition, though the move to Nassau Park comes on the heels of Niksun’s acquisition of Sandstorm Enterprises. Sandstrom, acquired in January for an undisclosed amount, was a security-oriented products company best known for the security forensics analysis and visibility software NetIntercept.

Edward M. Arcolesse CPA, 32 North Main Street, Pennington 08534; 609-730-4199.

Accountant Edward Arcolesse has moved his one-person firm to Pennington.

#b#Leaving Town#/b#

A.L. Robinson Pharmaceutical Services Inc., 116 Village Boulevard, Princeton. Arthur Robinson, president.

A.L. Robinson, which provides consulting services to pharmaceutical and chemical companies, has left its office on Village Boulevard.

Bradstreet Clinical Research Associates, 1588 Route 130 North, New Brunswick 08902. Patricia W. Bradstreet, president & CEO. www.bradstreetcra.com

Bradstreet Clinical Research Associates, which provides clinical development services and regulatory affairs services to pharmaceutical, medical device and medical education companies, has left its New Brunswick location and now operates in Colts Neck. The company can be reached at 732-821-0800.

Facebook Comments