Former Mercer County Executive Robert Prunetti is now devoting himself full time to Performance Health Technologies, a Trenton-based company involved in developing and marketing a computerized rehabilitation product for stroke victims.
The company has just received word from the Securities and Exchange Commission that it can raise money through the sale of common stock. It is now a public company, will all of the attendant SEC reporting requirements, and plans to list its stock soon on the OTC Bulletin Board.
The company was founded in 1998, and Prunetti, who had previously been a board member, took over as CEO in March, 2006, replacing Marc Silverman. "The process of going public started when he took over," says company spokesperson Angela Povia. "It was his intention from the beginning."
The company now has just "a few" full-time employees, but a number of contract employees, says Povia. Proceeds from the sale of stock will be used, in part, to add both product developers and marketers to its staff.
Core:Tx is Performance Health’s product. It uses the proprietary technology of its MotionTrack platform to enable stroke survivors to track progress in regaining function in their muscles through a wireless computer device with a game-like interface. Core:Tx is marketed through the company’s website, www.performancehealth.com, and through ads in magazines for stroke victims.
Povia says that, with its SEC approval under its belt, the company will start working on its next goals – increasing marketing outreach and entering new markets. Eventually, she says, Performance Health would like to enter the personal fitness market.
Performance Health Technologies, 247 River View Plaza, Trenton 08611. Robert Prunetti, CEO. 609-656-0181; fax, 609-656-0869. Home page: www.performancehealth.com
Aurobindo Pharma USA Inc., 2400 Route 130 North, Dayton 08810; 732-839-9400; fax, 732-355-9449. Scott White, CEO. www.aurobindo.com.
Aurobindo Pharma USA Inc., a generic drug manufacturer based in Hyderabad, India, has moved its United States administrative offices from 666 Plainsboro Road to a building it purchased from Sandoz at 2400 Route 130.
CEO Scott White says that Aurobindo purchased the approximately 100,000-square-foot facility to establish a manufacturing plant for generic pharmaceuticals. "We feel we will be able to compete with U.S.-manufactured product based out of our New Jersey facility," he says. The building is now being prepared for FDA inspection and approval, and White projects that generic manufacturing will begin in second or third quarter of 2008.
Aurobindo is also working on an expansion plan with South Brunswick Township to add more than 170,000 square feet to provide additional space for distribution and packaging and laboratory resources, says White. Sales to Walgreens, CVS, RiteAid, and wholesalers and distributors are coordinated out of the Dayton offices.
Aurobindo’s Dayton operation has just over 50 employees today, but White expects to have as many as 125 to 150 with the expansion. It has grown from 5 to 50 employees over the last three years.
White has been in the generic pharmaceutical industry for 15 years. He moved to Aurobindo a year ago from IVAX Pharmaceuticals in South Florida.
The company, named after philosopher, yogi, and teacher Sri Aurobindo, is one of the world’s top five manufacturers of semi-synthetic penicillins. Its product portfolio includes antibiotics, anti-retro virals, CVS, CNS, gastroenterologicals, and anti-allergics; it also manufactures active pharmaceutical ingredients. For the quarter ended June 30, the firm’s total income grew 22.1 percent.
PCORE to Quakerbridge
The Pediatric Council on Research and Education (PCORE) moved from 1 AAA Drive to 3836 Quakerbridge Road. Currently it has a staff of nine and several consultants.
Fran Gallagher, PCORE’s executive director, describes the foundation’s role as "providing pediatric expertise for systems of quality care for all children." Its goals translate to some pragmatic, down-to-earth projects to educate children, families, and pediatricians.
Starting out in 2000 as an idea of the New Jersey chapter of the American Academy of Pediatrics, PCORE grew quickly to a committee, then to a separate organization with over a million dollars in grants and contracts. Even as the foundation has become its own entity, it maintains a strong integration with the academy, with four out of six of its board members from the founding organization. At first it was run by a management firm, but now it operates independently. Gallagher came on as executive director at the end of last year.
Gallagher has worked for 22 years in continuing medical education, most recently as executive director for Medical Home Plus, the foundation for the Virginia chapter of the American Academy of Pediatrics. She received a bachelor of science in speech pathology from James Madison University in 1983 and a master’s degree in early childhood special education from Virginia Commonwealth University in Richmond.
PCORE’s projects include one that aims to increase adolescent rates of immunization against vaccine-preventable diseases. Youth focus groups have suggested creative ways to reach out to teens, such as a "shot charm bracelet," with a new charm for each vaccination.
New Jersey is one of 22 states working to make quality improvements as part of being a "medical home," a national initiative spearheaded by the American Academy of Pediatrics and the Maternal and Child Health Bureau. It recognizes that some children have mental and behavioral health issues that involve them in a variety of healthcare systems. The care in the "medical home," says Gallagher, is "coordinated, accessible, and high-quality, with the physician partnering with the parent."
Several PCORE projects fit under the "medical home" umbrella. Two sets of programs, which use a form of training called Educating Physicians in their Communities (EPIC), provide both clinical and nonclinical support to pediatricians and other primary-care providers.
One EPIC program, on suspected abuse and neglect, sends resource teams to primary care practices to educate pediatricians and their staffs to recognize the signs of child abuse and neglect. Although the program is designed for all children, it targets the most vulnerable ones and their families in places like Trenton and Camden. New Jersey’s Department of Children and Families has allocated $233,000 to this initiative, which will include training modules focused on prevention and address important issues of parenting and coping with a crying baby, the leading trigger for shaken baby syndrome.
A trio of EPIC programs on asthma, lead, and post-partum depression are funded through Children’s Future Incorporated (a Robert Wood Johnson Foundation initiative) and the Department of Health and Senior Services.
An obesity prevention program in Monmouth County funded by the Robert Wood Johnson Foundation and New Jersey Health Initiatives is working with 700 preschoolers on healthy lifestyles, eating, and exercise. The initiative, which has just completed its first year, brings pediatricians in to talk with parents. It also includes a more intensive focus on 75 children and their families. "The goal was to maintain, not decrease, weight gain," reports Gallagher, but in the smaller group, the overweight category decreased by 5 percent.
In a national initiative, the ABCD (Assuring Better Child Health and Development) Screening Academy, sponsored by the National Academy for State Health, encourages primary care physicians to use development screening tests as part of routine well-health supervision in order to identify any developmental delays or disabilities and special healthcare needs early. PCORE is working collaboratively with the New Jersey Department of Medicaid Services on this project.
"We are different from other agencies," says Gallagher, "in that we bring into pediatric practices resources connected to the content we are teaching." For the child abuse program, for example, PCORE brings in a worker from the state division of youth and family services and helps forge relationships between that worker and "everyone in the practice, from the front door to the back door." Instead of just training the physicians, they work with everyone in the practice. "When the grant is over," she continues, "we have hopefully put linkages in place so that the program efforts are sustainable."
PCORE (Pediatric Council on Research and Education), 3836 Quakerbridge Road, Suite 108, Hamilton 08619; 609-588-9988; fax, 609-482-4225. Steve Kairys, medical director. Home page: www.njpcore.org.
Center for Creative Living, 148 Tamarack Circle, Skillman, Box 1176, Princeton 08542; 609-924-8422. Karen Kushner, pastor. www.rscprinceton.org.
In July the Center for Creative Living (also known as the Religious Science Church of Princeton) bought an office condominium at Montgomery Knoll and moved out of Princeton Service Center. Classes on such topics as prosperity, metaphysics, and healing prayer are offered at Tamarack Circle, and church services are held on Sundays at 10:30 a.m. at the Masonic Center on River Road in Kingston.
Rev. Karen Kushner was raised in New Jersey, where her parents worked for the post office. She has economics degrees from the University of Connecticut and Wright State, and she was an econometrician and an actress before becoming a minister two decades ago. The church is based in Spokane, Washington.
Masterex Technologies Inc., 379 Princeton-Hightstown Road, Building 2, Cranbury 08512; 609-371-3712; fax, 206-203-4270. Radjeev Chadha, founder, CEO. www.masterexinc.com.
Masterex Technologies, an information technology consulting firm, has grown in two years from 6 to 20 consultants. To accommodate this growth as well as expected growth from two large projects in financial services, it switched spaces with Primerica Financial Services, moving from Building 1 to Building 2 at 379 Princeton-Hightstown Road.
Primerica Financial Services, 379 Princeton-Hightstown Road, Building 1, Cranbury 08512; 609-918-1511; fax, 609-918-1510. Andrew Tomasko, vice president.
This office of Primerica Financial Services lost one of its partners and decided to move to a smaller space by switching with Masterex Technologies.
Primerica provides financial needs analysis, mutual funds, term insurance, debt consolidation, and IRAs.
North Fork Bank, Route 130, Windsor Crossing Shopping Center, East Windsor 08520; 609-426-6960. Home page: www.northforkbank.com.
North Fork Bank in East Windsor will be moving across the parking lot to a freestanding, 2,674 square foot building that doubles its current space and will have a driveup ATM.
North Fork Bancorporation was acquired in December by Capital One Financial Corporation, headquartered in McLean, Virginia. The bank offers deposit and loan products and commercial lending.
Altech Star Inc., 4365 Route 1 South, Suite 205, Princeton 08540; 609-520-9000; fax, 609-520-9005. Anand Natarajan, president. Home page: www.altechstar.com.
Altech Star expanded from a business center, Office Concierge, at 5 Independence Way to its own seven-person office across Route 1 at 4365 Route 1 South. Based in Chennai, India, it offers web enterprise, business intelligence, and strategic outsourcing solutions.
The firm focuses on the financial industry, says Jaya Lall, who is in charge of human resources. Globally, the firm has nearly 120 employees, and it also has an office in Dubai. The president, Anand Natarajan, has worked for TCS, a division of India’s largest computer firm, TATA.
New in Town
Kovacik & Associates/K&A Builders, 48 West Broad Street, Hopewell 08525; 609-921-9494; fax, 609-333-9588. John Kovacik, owner. Home page: www.kabuilders.com.
Kovacik & Associates moved from a home office in Ringoes to Hopewell. "My special sauce is design build, small and large projects and everything in between," says John Kovacik, who has 20 years of experience in this field.
Only architects can submit blueprints, and his are done by Carolyn Chako, formerly of Holt Morgan, now with Inside Architecture.
His new space in Hopewell House Square, which most recently harbored antique shops, served as stables to the inn and were across the street from the blacksmith. "We have renovated and put windows back to the way they should have been," says Kovacik.
His wife, Sue, is a nurse with a family practice, and they have three school-age children.
Enamine Ltd., 7 Deer Park Drive, Princeton Corporate Plaza, Suite M-3, Monmouth Junction 08852; 732-274-9150; fax, 732-274-9151. Edwin J. Holland, U.S. sales director. Home page: www.enamine.net
Enamine, a discovery chemistry contract research organization based in Kiev, expanded its North American operations by opening a sales office at Princeton Corporate Plaza last May.
Edwin J. Holland will be director of sales, covering the United States and Canada. Holland has 15 years of sales experience in custom chemistry, screening libraries, and building blocks with ComGenex and Princeton BioMolecular Research.
William Heilman is also joining Enamine’s United States sales operation as a business development consultant. Having worked at American Cyanamid, Wyeth, Morphotek, Comgenex, and Albany Molecular Research, he will focus on custom chemistry, FTE contracts, collaborations, and alliances.
NKP Architects, 1530 Brunswick Pike, Lawrenceville 08648; 609-392-7005; fax, 609-392-3005. Sin Nam, owner.
NKP Architects moved from 1000 Route 9 North in Woodbridge to its own two story, 6,000 square foot building in Lawrenceville. The purchase was handled by Charles Segal of Segal Commercial Realty and Weichert Realtors of Branchburg. The firm does architecture and engineering.
Premier Consulting Group Inc., 2279 Route 33, Suite 511, Hamilton Square 08690; 609-631-0050; fax, 609-631-0054. Marc Miller, director. Home page: www.premierconsulting.com.
Premier Consulting Group moved in May from 300 Harmon Meadow Boulevard in Secaucus to Hamilton Square. Often partnering with Peoplesoft, it develops and maintains information systems for the customer service arena.
Prescient Training, 3535 Quakerbridge Road, Hamilton 08619; 877-727-0322; fax, 609-482-4196. www.prescientraining.com.
Prescient Training has opened an office at Ibis Plaza to provide training in SAP modules, both virtually and onsite.
Alzheimer’s Association, Greater New Jersey Chapter, 196 Princeton-Hightstown Road, Building 2, Suite 11, Princeton Junction 08550; 609-275-1180; fax, 609-275-1182. Ken Zaentz, vice president. Home page: www.alznj.org.
On August 27 the Princeton office of the Alzheimer’s Association will move from 12 Roszel Road to Princeton-Hightstown Road. Phone and fax will be new. (Until the move, call 609-514-1180). Business mail should continue to be sent to the headquarters office: 400 Morris Avenue, Suite 251, Denville 07834.
By current estimates, more than 350,000 individuals and their care partners in New Jersey are struggling to cope with the challenges of Alzheimer’s disease. The Alzheimer’s Association helps individuals, their families and care partners by offering education, training, support groups, respite care assistance, and the 24-hour toll-free helpline 800-883-1180. It also is the world leader in supporting research into the causes, prevention, treatment and cure of Alzheimer’s disease.
Coldwell Banker Commercial Highrise Group, 195 Nassau Street, Princeton 08542; 609-921-8090; fax, 609-921-8092. John J. McCormack, broker of record.
Coldwell Banker Commercial Highrise Group took temporary quarters, in a move from 230 Nassau to 195 Nassau Street, while its own building is under construction. It is a full service commercial real estate broker specializing in tenant representation, corporate relocation, office and industrial.
Adience Design, 2279 Route 33, Suite 511, Hamilton 08690; 609-689-1400; fax, 609-689-9744. Michael Barker, president. Home page: www.adience.com.
Adience Design, a provider of technology services and products, with a specialty in Lotus and IBM solutions for electronic business, has left town. The president of the firm, Michael Barker, has not returned reporters’ calls.
The company had specialized in Lotus and IBM solutions for electronic business.
The Brokerage Agency, 239 Prospect Plains Road, Suite C 202, Monroe Commons, Monroe Township 08831; 609-655-7700; fax, 609-655-5849. Jack C. Raskin CLU ChFC, brokerage general agent. Home page: www.principal.com.
The Brokerage Agency has closed its life insurance office in Monroe Township. Jack Raskin, its principal, is in semiretirement, and his service work is being done through the Park Avenue Brokerage at 450 Seventh Avenue, New York, NY 10123. His Monroe phone number rings at the New York office.
Business Crossing LLC, 3490 Route 1, 15B, Princeton 08543; 609-452-5199; fax, 609-452-5198. Keith Shroff, owner. Home page: www.businesscrossing.com.
Business Crossing, a provider of software services to the healthcare, financial, and other industries, has left town. The phone is disconnected, and directory assistance has no listing.