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Published in U.S. 1 Newspaper on February 16, 2000. All rights
First R&D Profits for Liposome
After 19 years the Liposome Company reports its first
profitable year. In 1999 had $13.1 million in profits even though
one of its main products, Avacet, failed to be recommended for FDA
approval. The one Liposome product that is in the market, Abelcet,
increased sales by 17 percent and sold $86.2 million last year
most of the total revenue, $92.5 million. Abelcet combats severe
Founded with technology discovered by Gerald Weissman and funds from
such venture capitalists as Mort Collins, the biotech has 315
worldwide, about half in Princeton — 1 Research Way, 600 College
Road, and 4 Corporate Drive. It aims to develop advanced liposomal
drugs for cancer and infectious diseases.
Princeton Forrestal Center, Princeton 08540-6619. Charles A. Baker,
chairman and CEO. 609-452-7060; fax, 609-452-1890. Home page:
Suite 206, Princeton 08540. Donald L. Drakeman, president.
fax, 609-430-2850. Home page: http://www.medarex.com.
Medarex announced it would enhance a six-year partnership with two
French firms, Immuno-Designed Molecules S.A. and Immuno-Designed
Inc (IDM). Donald L. Drakeman, the president, also said his firm would
form a strategic alliance with Eos Biotechnology, a high-throughput
genomics and bioinformatics firm (http://www.eosbiotech.com).
In the last quarter of 1999 the biopharmaceutical firm spent more
than $2 million in compensation expenses for restricted stock awards
that had vested. The company reported a net loss of $.53 per share
for 1999 compared to $.89 for 1998.
Medarex is a biopharmaceutical company that develops monoclonal
therapeutics to fight cancer and other life-threatening and
diseases. At its 37,999 square-foot operations laboratory in
it has seven products in clinical development for treatment of cancers
and leukemia, autoimmune diseases, and opththalmic conditions.
Michael Cooper, former CEO of Opinion Research
has reportedly dropped his lawsuit against the company in which he
invested (Make Us an Offer Inc.) and its founders, Kathy and Michael
Morell. Cooper had been board chairman of the start-up but filed suit
in January in Delaware when he disputed an election that replaced
him on the board.
Make Us an Offer Inc. had had its first round of $750,000 seed capital
financing and hoped to raise $3 to $5 million in the next few months.
Located at 684 Whitehead Road in Lawrence, Make Us An Offer went live
in August of 1999 and now employs six people. Using the offline
process as a model, the company offers an on-line auction with a
option, using a smart-mouth, fast-talking robot auctioneer.
08648. Kathy Morell, president. 609-656-1240; fax, 609-656-1248.
Princeton 08540. Helene Reynolds, owner. 609-921-1326; fax,
Later this month Helene Reynolds will expand her 20-year-old
consulting firm from 83 Adams Drive to 366 Nassau Street. This firm
helps families find appropriate placements from their children.
act as an advocate and information resource for parents to help them
know what would be reasonable to expect," she says. "We
good information, help set up a course of action, and strategize so
they can meet their goals."
An alumna of Hunter College, Class of 1965, Reynolds has a doctoral
degree from Washington University in St. Louis, and taught at
She is a member of the Secondary School Admission Test Board.
Her clients include one-third who ask for help in the college
process, one-third looking for day schools or boarding schools, and
the remaining third asking for advocacy services for at-risk students.
No, her firm does not fill out a student’s school college application.
Instead, her staff will mentor and review each step. "We coach
students on how to make the most out of in-person interviews, and
we help families develop a checklist of important questions to be
answered to determine the level of appropriateness for the school
under consideration." Before each school visit, a folder of
and letters of recommendation is sent ahead. "These not only
the student’s candidacy," says Reynolds, "but also inform
the person who will actually be conducting the interview. We make
sure it has been read and digested."
Says Reynolds: "We help our clients look at the educational
in a realistic way, so they can make a reasoned choice of what the
next best step is for the child, while becoming a smart consumer in
the educational marketplace."
08540. Dawn Serpee, consulting business unit manager. 609-452-7277;
fax, 609-520-1742. Home page: http://www.kforce.com.
The computer personnel firm, Source EDP, has been bought by Romac
International, which then changed its name to KForce.com to reflect
a transformation to a Web-based staffing company. Its web-based
include online resumes and job postings, interactive interviews and
job placement, and career management strategies. It has 109 offices
in 45 markets in North America.
According to a survey by Yankelovich Partners, more than half of job
seekers do not believe that current Internet career sites provide
the personal guidance that traditional staffing firms provide.
hopes to combine the efficiency of the Internet with the personal
touch of the traditional company.
08648. Dennis Tanchak, president. 609-924-0444; fax, 609-924-5959.
Home page: http://www.tcci.com.
The information technology consulting firm has nearly doubled its
space with a move from Montgomery Commons to nearly 3,000 feet
at 4 Princess Drive in Lawrenceville. Dennis Tanchak, president,
is an alumnus of Trenton State, Class of 1972. He started his firm
in 1993 and had $4 million in sales in 1998 and $7 million last year,
both for personnel placements and consulting. Besides being closer
to where his 12 staff members live, this location is also closer to
the under-construction facility for Merrill Lynch, one of his major
Tanchak has a database of 25,000 prospects but says that does not
make his work any easier. "Our job is made more difficult because
of the amount of paper," says Tanchak. "Job seekers respond
to our web page, but we never use the Internet to recruit. If I don’t
get to a resume in a week, that resume is obsolete."
Princeton 08540. James J. Seber CMC, president. 609-688-1000; fax,
609-688-9000. Home page: http://www.seberinc.com.
This management consulting firm moved from 2,000 feet to a 3,000
foot office at Montgomery Knoll and has a new phone and fax. It
in supply chain analysis, customer service, and network analysis.
Trenton 08611-2300. Lisa T. Forrester, executive director.
Harmony School closed this location. Still open are child care centers
in Princeton, Foxmoor, and Chambersburg.
08830. Kenneth Sun, president. 732-590-0102; fax, 732-452-9726.
A spinoff from Sarnoff has moved to Iselin. Its software technology
works with MPEG-r international standard to produce still image and
motion video files.
The firm, which sells components to pharmaceutical, biotech, and
companies, has moved to Manalapan. The new phone is 732-786-1500.
Margaret A. Ramsey has moved her software firm to 103 Tower Road,
Lincoln MA 01773-4402.
Staffmark, the employment agency that last year acquired Progressive
Personnel Resources, has closed its Princeton office and consolidated
at 16 Campus Drive, Edison 08837. The phone is 732-225-7900, fax is
Business Park, Ledgewood 07852. Christian LeFer, CEO. 973-426-9900;
fax, 973-426-9197. Home page: http://www.yourdoctorknows.com.
The nutriceutical supplement company moved from 10,000 square feet
in Plainsboro to a business park near Dover in Morris County and has
a new phone and fax (U.S. 1, October 20, 1999).
08570-0001. Moonbae Chung, vice president and site executive.
Prudential Health Care is now a member company of Aetna, and is using
that name. A national service center is at this location.
safety company, Directions.
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