#b#Stock News#/b#

Pharmasset Inc., 303-A College Road, Princeton 08540; 609-613-4100; fax, 609-613-4150. P. Schaefer Price, CEO. www.pharmasset.com.

Pharmasset, an early-stage developer of oral medicines for infectious diseases, has announced a public offering of $92.8 million in common stock.

The company said it is offering 3.2 million shares at $29 each, with an option for the underwriters to buy an additional 480,000 shares to cover excess demand. Pharmasset hopes to raise about $87.9 million from the offering.

This is the second public offering from Pharmasset in a few months. In January offered $30 million in common stock, in order to fund clinical trials, in-licensing agreements, intellectual property, and general business


MedAvante Inc., 100 American Metro Boulevard, Suite 106, Hamilton 08619; 609-528-9400; fax, 609-528-9405. Paul Gilbert, CEO. www.medavante.com.

Medavante, which provides video-conferenced psychometric assessments for central nervous system drugs in clinical trials, has opened an assessment center in Moscow, Russia. It is the company’s first fully operational center located outside of the United States.

NRG Energy Inc. (NRG), 211 Carnegie Center, Princeton 08540-6213; 609-524-4500; fax, 609-524-4501. David Crane, president and CEO. www.nrgenergy.com.

NRG, a Carnegie Center-based energy company, has acquired Northwind Phoenix, a subsidiary of APS Services of Arizona, for an undisclosed amount.

Northwind is a provider of alternative energy and cooling systems that use chilled water to office complexes, municipalities, universities, and sport complexes.

The acquisition furthers NRG’s expansion into alternative energies in the Southwest. The transaction is expected to close in June.

#b#New in Town#/b#

American Ballet Academy, 401 Ridge Road, Suite 4, Dayton 08810; 732-297-9700. Michelle Wright, principal. www.abadance.com.

Ballet teacher and choreographer Michelle Wright has opened the American Ballet Academy dance school in Dayton.

A lifelong ballet dancer, Wright graduated from the High School of the Performing Arts in New York City and studied at the Joffrey Ballet School. She earned her bachelor’s in fine art from the University of the Arts in 2000. She began teaching nine years ago, and works with a staff of six teaching ballet to children and beginners, as well as advanced dancers.

Claddagh Resources, 5 Independence Way, Suite 130, Princeton 08540-6627; 609-514-9250; fax, 609-514-9273. www.claddaghresources.net.

Claddagh Resources, which provides personnel, HR, and outsourcing services for pharma and high-tech companies, has opened an office on Independence Way.

Risk and Loss Managers, 51 Everett Drive, Suite 105-B, Princeton Junction 08550; 609-275-1140; fax, 609-275-9662. Lenore Reinhardt, office manager.

Risk Loss & Management, an insurance consulting firm, has opened on Everett Drive.

#b#Board Appointments#/b#

Roma Bank (ROMA), 2300 Route 33, Robbinsville 08691; 609-223-8200; fax, 609-223-8303. Peter Inverso, president. www.romabank.com.

William Walsh, director of state public affairs with PSEG, has been appointed to the board of directors at Roma Financial Corporation, headquartered in Robbinsville.

Walsh, who holds an MBA from Rutgers University, has been with PSEG for 32 years, specializing in corporate responsibility, government and regulatory affairs, issue identification, and policy development.

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.

Tony Hooper, senior vice president of commercial operations at Bristol-Myers Squibb, has been named to the board of directors at Capital Health.

At Bristol-Myers Squibb, Mr. Hooper leads the company’s pharmaceutical businesses in the U.S., Latin America, Middle East, Africa, Canada, and Japan.

#b#Name Changes#/b#

TRC-Civil Engineering Corporation, 322 Wall Street, Princeton 08540; 609-497-1379; fax, 609-497-1879. Hana Kucera, president. www.trcsolutions.com.

Civil Engineering Corporation has changed its name to TRC. According to the company, the change does not reflect an acquisition or sale, but rather just a renaming.

#b#Crosstown Moves#/b#

InnZen Hospitality LLC, 1100 Cornwall Road, Suite 109, Monmouth Junction 08852; 732-545-7099; fax, 732-545-9280. Sunil Nayak, president. www.innzen.com.

InnZen Hospitality, which handles acquisitions and operations management for hotels, has moved its headquarters from North Brunswick to Monmouth Junction.

The company, which is a subsidiary of Apex Hospitality and run by the same people, has been operating for about 15 years.

The firm acquires hotel and hospitality properties and often renovates or converts them to be part of a larger chain, such as Hampton Inn or Ramada. The company is working to prepare the Hyatt Summerfield Suites, an extended-stay hotel, in South Brunswick, and Hyatt Place, a “relaxed-stay” hotel on Scotch Road in Ewing.

Both hotels are expected to open next month.

InnZen is headed by CEO Sunil Nayak and president Gautam Sharma.

#b#Leaving Town#/b#

BetterHomesNJ.com/VRI Realtors, 1340 Route 206, Village Shopper, Skillman 08558; 609-688-0207; fax, 609-688-0272. Gina Caldwell, broker manager. www.betterhomesnj.com.

Residential realty firm BetterHomes NJ has left its offices in Skillman. The office has been consolidated with the company’s Hazlet headquarters and can be reached at 800-314-1627.

Impliant Inc., 103 Carnegie Center, Princeton. Todd Potokar, president. www.impliant.com.

Impliant, an Israel-based firm that provides clinical trials for implants, has left Carnegie Center. A former employee for the company said that Impliant no longer operated in New Jersey.

CellXplore, 675 Route 1 South, Technology Center of NJ, North Brunswick 08902; 732-235-5602; fax, 732-235-5417. Frank Pilkiewicz, CEO. www.cellxplore.com.

Cellxplore, a biotech firm that develops protein-related compounds for human and veterinary needs, appears to have left its lab location at the EDA Commercialization Center in North Brunswick.

The company’s phone and fax numbers are out of order, and the number for its headquarters office in New Brunswick also does not connect to the company.

Giraffe Tech LLC, Box 414, Plainsboro. Sam Giraffe, vice president.

Giraffe Tech, a computer repair and service company, appears to have left ceased operating. The company’s phone and fax numbers have been disconnected and 411 no longer has a listing for the company in its files.

#b#Contracts Awarded#/b#

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 Corporation, a designer and manufacturer of light-emitting diodes that use organic compounds, has been awarded $4 million from the federal government for a two-year program to mass produce its patented lighting system for use in commercial buildings. Moser Baer Technologies, a U.S. subsidiary of Moser Baer India, will design and build the U.S.-based pilot facility.

Agile Therapeutics Inc., 366 Wall Street, Princeton 08540; 609-683-1880. Thomas M. Rossi, president. www.agiletherapeutics.com.

Agile Therapeutics, maker of transdermal drugs, including a contraceptive patch, has raised $1.46 million from investors in a mixed-securities offering, according to a filing with the U.S. Securities and Exchange Commission.

In October the company raised $1 million from a similar offering.


Richard Clewell, 66, on May 18. He was a longtime superintendent at Sun Chemical Corporation.

William Cox, 76, on April 18. A communications consultant, he operated Cox Communications Partners in Lawrence. A memorial service will be held Saturday, June 19, at 11 a.m. at Grace-St. Paul’s Episcopal Churchin Mercerville.

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