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Published in U.S. 1 Newspaper on April 26, 2000. All rights
Down Sizing for Base Ten Systems
In search of smaller quarters, Base Ten Systems, the
computer software developer at One Electronics Drive, hired Segal
Commercial Real Estate to lease its 81,600 square foot office
building (E-mail: firstname.lastname@example.org).
Since the company spun off a defense division, Strategic Technology
Systems, nearly two years ago, Base Ten has been scaling back. It
now has 40 employees and occupies a portion of the one-story building
in Hamilton Township. "It is way too much space for them,"
says Charles Segal, the commercial real estate contact (609-882-3737).
The building is one mile from the Sloan Avenue interchange of I-295,
only 300 feet from the main fiber optic trunk line, and near the
Corridor Main Line of Amtrak. Segal says the location is ideal for
high-tech, telecom, or E-commerce companies. He is marketing it at
$10 per square foot net on an as-is basis, divisible to about 35,000
Base Ten has not yet located a new facility. "If we were to sign
a lease today, Base Ten would have to find a new space, so we’re
a minimum of four months," says Stephen Cloughley, the company’s
Box 3151, Trenton 08619-3151. Stephen Cloughley, president, CEO.
fax, 609-586-1593. Home page: www.base10.com.
On April 18 Bristol-Myers Squibb ran a full page
in the New York Times for its hypertension drugs. On April 19 it
it would have to delay an FDA filing for Vanlev, a much-touted new
formula that can lower blood pressure 40 percent more than competitive
drugs. The cause for worry: Four of 7,000 patients experienced
of the face, throat, and tongue.
This damaging delay follows on the heels of another delay, last month,
for Bristol’s new colon cancer drug Orzel. The company says it can
effectively restructure the Vanlev trials and points to other
such as a diabetes drug, in the pipeline. But the news buffeted the
stock so severely that trading was temporarily halted. Now there is
talk about the firm merging with Eli Lilly or Schering Plough.
Road, Box 4000, Princeton 08543-4000. Richard J. Lane, president,
worldwide medicines group. 609-252-4000; fax, 609-252-6790. Home page: www.bms.com
Suite 305, Princeton 08540. Martyn Greenacre, president and CEO.
fax, 609-520-6692. Home page: www.delsyspharma.com.
Delsys has just received $26 million in financing from inside
investors plus the venture capital firms Rothschild and Starr, says William
Crouse of Healthcare Ventures on Nassau Street.
On April 19 the firm got a good report on two new dosage forms using
the Accudep electrostatic dry powder deposition process.
Delsys, a spinoff of the Sarnoff Corporation, is a privately-held
developer of automated drug manufacturing and drug delivery systems
through electrostatic dry powder (www.sarnoff.com).
08540. Richard H. Wildnauer, president. 609-520-0715; fax,
Home page: www.NeoStrata.com.
In its fight to get major pharmaceutical companies to license its
alpha-hydroxy acid technology, NeoStrata has chalked up another win
— Estee Lauder. Neostrata will supply the ingredient to be used
in new Estee lauder skin care products. These companies have also
licensed part of NeoStrata’s technology: Avon, Bristol-Myers Squibb,
Erno Lazlo, and Genesis Pharmaceutical, a subsidiary of Unilever
that makes Chesebrough-Ponds and Elizabeth Arden).
The co-founding scientists are Eugene Van Scott and Ruey Yu. Van
now 70, had been director of the National Cancer Institute at the
National Institutes of Health. Ruey Yu is a Taiwan native and doctor
of oriental medicine who had been associate professor of chemistry
at Temple Skin and Cancer Institute.
Two leaders in the electronic payment space, Princeton
eCom Corporation and Secure Commerce Services (www.paytrust.com), have struck
potentially lucrative partnership deals. In the business to business
space, Princeton eCom Corporation, the College Road-based company
founded by Donald Licciardello, has signed an agreement with United
Parcel Service to offer electronic bill payment and presentment
services. Along with another Internet billing and payment company, New
Hampshire-based Bottommline Technologies, Princeton eCom formed a strategic alliance
with the financial-services subsidiary of the package delivery
This alliance will contribute to UPS’ overall plan to do more than
just deliver packages to high-volume business-to-business customers.
UPS customers will be able to send electronic payment data through
the Princeton eCom/UPS system and into another firm’s accounts
system. This project is in the pilot stage now but will be available
on a wider scale next year.
Meanwhile Secure Commerce Services (www.paytrust.com) has a new
in the B to C (business to consumer space). It signed its second
bills service provider, edocs Inc., to deliver electronic bills from
some of the world’s largest bill and statement issuers in the telecom,
utility, financial services, insurance, and credit card industries
to its subscribers. It had already signed on www.billserv.com.
08540. Donald C. Licciardello, CEO. 609-924-1244; fax, 609-606-3297.
Home page: www.princetonecom.com.
B-30, Princeton 08540. Ed McLaughlin, president and CEO. 609-720-1818;
fax, 609-720-1819. Home page: www.paytrust.com.
08540. Kevin McKenna, co-chairman. 609-750-2640; fax, 609-750-9213.
Home page: www.thecredogroup.com.
The Internet marketing and advertising agency was in shared space
at 707 Alexander in the Daily Plan-It and moved to 741 Alexander in
December, next to Easy Graphics. With 15 employees it has such
financial, and entertainment clients as MTV Networks, TransUnion,
Globe Life, and VerticalOne.
08544. Harold Shapiro, president. 609-258-3000; fax, 609-258-1294.
Home page: www.princeton.edu.
After 15 years as vice president for computing and information
at Princeton University, Ira Fuchs is leaving to be vice president
for research in information technology at the Andrew W. Mellon
"I will be in a position to look for the most interesting and
emerging technologies and bring them to fruition," says Fuchs.
He will continue to work one day a week at the university.
2083 Lawrenceville Road, Lawrenceville 08648. Mark Sandberg, dean.
609-896-5152; fax, 609-896-5304.
All the business programs at the College of Business Administration
have been accredited on both undergraduate and graduate levels by
the International Association of Management Education (AACSB). Newly
accredited are the accounting programs. Only one other institution
in New Jersey — Rutgers — has accredited accounting programs.
AACSB is the same board that recently gave accreditation to the
of New Jersey’s business programs. Seven New Jersey institutions are
among the 366 colleges that have achieved this status. Rider gained
accreditation in 1993.
08619. David Pfiester Jr., president/CEO. 609-586-2525; fax,
Home page: www.atlanticbp.com.
The computer service company has changed its name from Atlantic
Products. It has 160 people overall and more than $44 million in
last year. Among its new divisions are network services, computer
products, E-strategies, DataComm systems, and network cabling. The
firm began by selling office products.
08831. Mary Majors, administrator. 732-656-1000; fax, 732-656-0081.
Formerly known as Kapson Senior Quarters and then as Atria Senior
Quarters, this assisted living residence is now being managed by some
of the original investors, Hal and Bud Peskin, developers of Monroe
Village. Atria is no longer managing the facility.
Dan Gittleman, chief executive. 609-844-0900; fax, 609-844-0799.
This firm, formerly known as Raid Power, does storage management
and appliances for managing and enhancing enterprise data.
for American Home Products, Princeton BMW, and Mercer County College.
at Acme Market in Lawrenceville.
assistant for the state office of aviation and author of the Aircraft
Accident Handling Procedures Manual.
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