Expansions

In Bankruptcy

Pub Reps Relocate

Corrections

Deaths

Corrections or additions?

This article by Barbara Fox was prepared for the April 24, 2002

edition of U.S. 1 Newspaper. All rights reserved.

Down-Sizing

Orchid BioSciences Inc. (ORCH), 4390 Route 1 North,

Princeton 08543. Dale R. Pfost, CEO. 609-750-2200; fax, 609-750-2250.

Home page: www.orchid.com

Ninety Orchid employees will lose their jobs, about half of them in

Princeton. As of April 1, Orchid had 175 workers in Princeton, and

630 overall. A satellite laboratory at 501 Forrestal Road will close,

as will one that is located on the FMC campus. The company’s 33,000

square foot R&D laboratory at 303 A College Road will stay, as will

the 21,000 square foot offices at 4390 Route 1 North.

The seven-year-old company offers production services and technologies

of single nucleotide polymorphism (SNP) scoring and genetic diversity

analysis. It will shift its SNP scoring services to Dayton, Ohio,

the home of GeneScreen, a company that Orchid acquired at the end

of 1999. GeneScreen was an early testing site for paternity and

forensics

DNA services and has a fully accredited lab for genotyping for

clinical

trials and legal determination, whereas Princeton’s laboratory has

not attained that status.

Dayton also has a skilled and somewhat less expensive work force,

notes Barbara Lindheim, vice president of strategic communication,

and new technologies freed up capacity. "We have a new generation

of technology that is faster and less expensive to operate," says

Barbara Lindheim, vice president of strategic communication. "It

makes sense to centralize. The first generation equipment could do

25,000 tests in 24 hours, but now we can handle 140,000 samples in

one eight- hour shift."

Orchid BioComputer recently doubled its size with the purchase of

LifeCodes Corporation, one of the largest providers of forensics in

the United States. That purchase included facilities in Stanford,

Nashville, Lansing, and the Maryland/DC area.

"Wall Street thought our burn rate was too high, and we took a

real hit when we had to raise money at $2.50 a share," says

Lindheim.

"When you buy businesses like the businesses you already have,

it makes sense to consolidate."

Top Of Page
Expansions

Genmab Inc., 457 North Harrison Street, Princeton

08540. Lisa Drakeman, CEO. 609-430-2481; fax, 609-430-2482. Home

page: www.genmab.com

Lisa Drakeman, CEO of Genmab Inc., has moved her company out from

under the roof of Medarex (which her husband heads) to the entire

20,000 square-foot second floor of 457 North Harrison Street. Medarex

remains at 707 State Road. Joe Boiseau of GVA Williams represented

the landlord and Buzz Woodworth of Keller, Dodds & Woodworth

represented

Genmab.

The Copenhagen-based biotechnology firm also has a laboratory in the

Netherlands. The company focuses on the creation and development of

human antibodies for the treatment of life threatening and

debilitating

diseases.

American Re Corporation, 555 College Road East,

Box 5241, Princeton 08543-5241. John P. Phelan, CEO. 609-243-4200;

fax, 609-243-4257. Www.amre.com

American Re has moved its information technology and broker market

groups into new space, 40,000 square feet on 150 College Road west

in the Patrinely building. The firm is a direct writer of reinsurance

with 14 domestic and 16 international offices, and it also has

locations

at 655, 675, and 685 College Road East.

Cooper Perskie April Niedelman Wagenheim &

Levenson,

212 Carnegie Center, Suite 206 C, Princeton 08540. Joseph Mahon,

partner.

609-919-6345; fax, 609-520-8731. Home page:

www.cooperperskie.com

In April Joseph Mahon moved his three-person law office out of

Carnegie

Executive Center and into its own suite. He had been with Hill Wallack

for nine years but joined Cooper Perskie in June 2001. He and his

associate, Sarah Burke Haley, work on tax law and estate law. Cooper

Perskie is based in Atlantic City and has offices in Cherry Hill,

Cape May Courthouse, and Northfield.

Mahon majored in American civilization and English literature at Penn,

Class of 1977, and has law degrees from Rutgers and New York

University.

Top Of Page
In Bankruptcy

Exide Technologies (EX), 210 Carnegie Center,

Princeton

08540. Craig Muhlhauser, president and COO. 609-627-7200; Home

page: www.exideworld.com

Exide Technologies has filed for Chapter 11 bankruptcy in federal

bankruptcy court in Wilmington, Delaware. It declared debts of $2.5

billion against assets of $2 billion. The manufacturer of batteries

for autos, boats, RVs, and lawn and garden tools recently moved from

Reading, Pennsylvania, and has 35 administrative employees at the

Carnegie Center. The stock was delisted from the New York Stock

Exchange

and is trading on the OTC Bulletin Board.

Top Of Page
Pub Reps Relocate

Two publishers’ representatives, Herb Druker and Lewis

Edge, have moved out of Research Park, Druker to Pennsylvania and

Edge to his home. Druker has moved his 27-year-old company to an

office

closer to his home in Pennsylvania, partly because maintaining a

Princeton

office has become costlier, partly because he no longer has a Hearst

client that requires him to be in New Jersey. His company represents

publishers, chiefly educational ones. Careers in Colleges, a New

York-based

magazine distributed through guidance counselors to 750,000 high

school

students, is one of his major clients.

Edge took advantage of the potential for a virtual office and moved

to Cleveland Road in early March. He has sales people in North

Carolina,

Pennsylvania, and New York, plus a part-time support person. Edge

is an alumnus of Georgia Tech, Class of 1964, and had been general

manager of Nassau Broadcasting. He founded his firm in 1986 and has

the exclusive contract for space sales in the New Orleans-based Sugar

Journal, the preeminent magazine in the cane, beet sugar, and corn

sugar industry. His firm also represents Momentum, the official

journal

of the National Catholic Education Association, and other education

publications.

"Times change," he says. "Since the ’60s I had always

been writing and published in national magazines, so moving to print

was a natural transition. Education has always been a passion of mine,

and we have dealt with some venerable education publications."

Druker Company Inc., 275 Commerce Drive, Fort

Washington,

PA 19034. Herbert A. Druker, president. 215-540-0543. E-mail:

herb@drukercompany.com

Lewis Edge & Associates Inc., 9 Cleveland Road

West, Princeton 08540-7420. 609-333-1110; fax, 609-466-6952.

Www.edgeassoc.com

Top Of Page
Corrections

Pennytown Shopping Village, 145 Route 31 North,

Pennington 08534. 609-466-2000; fax, 609-466-2622.

The Pennytown Shopping Village was erroneously listed for sale in

the real estate listings published on April 17. It is not for sale.

Currently available for lease is 1,400 square feet. The 60,000 square

foot complex has both retail and professional space, with onsite

restaurants

and a bank.

Archer & Greiner PC, 700 Alexander Park, Suite

102, Princeton 08540. Neal Schonhaut, managing attorney. 609-580-3700;

fax, 609-580-0051. Home page: www.archerlaw.com

The U.S. 1 Directory 2002-2003 lists an incorrect telephone number

for Archer & Greiner.

Top Of Page
Deaths

Raymond F. Male , 81, on April 10. A two-term Princeton

Borough mayor, he served three administrations as state Commissioner

of Labor and Industry and owned a bookshop on Nassau Street.

Todd L. Powell , 28, on April 13. He had worked at National

Pools and Spas in Robbinsville.

Frank Fitzgerald Reeder , 70, on April 20. A market

researcher,

he had worked at Gallup & Robinson. Services will be Saturday, April

27, at 4 p.m. at Trinity Church in Princeton.

Louis Lucullo , 75, on April 21. He owned and operated

Conte’s Bar and Pizzeria on Witherspoon Street. Services will be

Thursday,

April 25, at 10:15 a.m. at Kimble Funeral Home.


Previous Story


Corrections or additions?


This page is published by PrincetonInfo.com

— the web site for U.S. 1 Newspaper in Princeton, New Jersey.

Facebook Comments