Celator Raises

$22.5 Million

Celator Pharmaceuticals, a privately held company developing chemotherapeutic drugs, has raised in excess of $22.5 million in a Series C private equity financing. In announcing the new funding on July 30, the company said that it will be used to finance Phase II studies of CPX-351, a treatment for patients with acute myeloid leukemia.

The company expects to start enrolling patients in a Phase II study of CPX-351 in newly diagnosed, elderly patients with AML before the end of 2008. Celator will continue to develop other products from its pipeline or in collaborations with partners.

Celator Pharmaceuticals, 303 B College Road East, Princeton 08540; 609-243-0123; fax, 609-243-0202. Andrew Janoff, chairman and CEO. www.celatorpharma.com.

Leaving Town

Rollerblade USA Corporation, 3705 Quakerbridge Road, Hamilton. www.rollerblade.com.

The regional sales office of Rollerblade USA, the largest maker of inline skates in the country, has left New Jersey.

The company opened the Hamilton office in 2004, and employed 16 people here. The company itself was a subsidiary of Nordica, which first assumed control of the company in 1991. Nordica was a member of the Bennetton Group, which established offices in Bordentown in 1999, and under this umbrella the Rollerblade USA grew steadily throughout the 1990s.

In 2003 the company was acquired by Italian sports giant Tecnica, which has offices in West Lebanon, New Hampshire. Tecnica has consolidated its American offices, and in a statement announced that “Rollerblade will benefit from greater efficiencies, boosting its industry leading service levels even higher. The transition of customer service is complete and the 800- 232-ROLL number now rings in the West Lebanon office.”

Heather McCall, a spokeswoman for the company, said that of the 16 Hamilton employees, “some did and some didn’t” make the move to New Hampshire.

3rd Federal Bank, 590 Lawrence Square Boulevard, Lawrenceville 08648. www.thirdfedbank.com.

Third Federal Bank, a regional chain headquartered in Newtown, Pennsylvania, has closed its Lawrenceville branch. The institution, founded in 1921, still has branches in Hamilton Square and Pennington.

3rd Wave Capital Management, 20 Nassau Street, Suite 311, Princeton 08542. Tad LaFountain III, founder. www.3wcm.com.

Investment firm 3rd Wave Capital Management, formed last spring by Tad La Fountain III, has left its offices at 20 Nassau Street. The phone has been disconnected and the website discontinued. There is no forwarding information.

Name Changes

MRM Worldwide, 3450 Princeton Pike, Lawrenceville 08648; 609-895-0200; fax, 609-895-0222. Jamie Peck, president.

MRM Gillespie, the Lawrenceville-based advertising firm that began in 1973 and operated as the Gillespie Organization, has changed its name to MRM Worldwide.

Gillespie has been part of the MRM group for nearly two years. The firm, employing 160, is the area’s largest advertising agency, and can still be reached online at www.gillespie.com.

Gallagher Benefit Services Inc., 125 Village Boulevard, Suite 310, Princeton 08540; 609-452-2488; fax, 609-452-2668. Donato Gasparro, president, consulting group.

Apex Management, which has been a division of Gallagher Benefit Services, is now known only as Gallagher. The company provides actuarial and healthcare benefits consulting services.

Deaths

George Conover, 89, on August 8. He is the founder of Nassau Conover FLM Motor Company, which he ran for 40 years.

G. Tyson Maroon, 78, on August 8. After a career as a product manager at Schering Corp., he became a real estate broker, and most recently for Prudential.

Susan N. Steele, 71, on August 6. She was the supervising librarian for the Mercer County library system until her retirement in 2000.

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