Contracts Awarded: Semandex

Crosstown Moves

Downsizing

Leaving Town

Deaths

Corrections or additions?

These articles were prepared for the February 15, 2006 issue of U.S. 1

Newspaper. All rights reserved.

Life in the Fast Lane: Linguagen

Ten years after founding a drug discovery company, F. Raymond Salemme

successfully sold it to Johnson & Johnson and was recruited to head

another promising company, Linguagen. Less than two years later, he is

leading that 22-person firm in a major expansion.

Linguagen, a molecular biology firm, develops ingredients used to

improve the taste of food, beverages and pharmaceutical products. It

will more than triple its space with a move from 5,100 square feet at

Eastpark at Exit 8A in Cranbury to 18,577 feet at 7 Graphics Drive in

Ewing. Tom Giannone of Cushman & Wakefield represented Linguagen in

the lease with BioMed Realty Trust, a real estate investment trust

that owns the 72,000 square-foot building formerly occupied by J.D.S.

Uniphase; another tenant of the building is Medeikon.

"We have plans to expand our range of capabilities," says CEO Salemme.

"One of our key product development areas has to do with the creation

of more acceptable and more efficacious formulations. To put those

together and test them requires some unique facilities."

Salemme started out as a crystallographer, described as "a physical

scientist who is interested in biology." It is actually similar to his

late father’s profession, metallurgy, which focuses on the crystal

structures of metal.

Even as a child, Salemme was drawn to crystal structures. He tells of

wanting Tinker Toys when he was 12 years old. "My mother asked me what

I wanted for Christmas, and I pointed to the toys with the little

sticks and nodes. Like many good mothers, she read the age group for

that toy, ages six through nine, and said, ‘This is not an advanced

enough toy for you.’ But I have spent my whole life investigating

those kinds of structures," says Salemme. At age 14 Salemme bought his

own set of "sticks and nodes" and notes, "In my career I have spent

quite a few tens of millions of dollars doing similar stuff."

A molecular biophysics major at Yale University (Class of 1967),

Salemme has a PhD in chemistry from the University of California at

San Diego. He set up drug-discovery groups specializing in

structure-based drug design, biophysics, and computational chemistry

at Sterling Winthrop Pharmaceuticals and DuPont Merck Pharmaceuticals,

and he founded 3-Dimensional Pharmaceutical in 1993.

When he came to Linguagen in 2004, he left crystallography behind. "I

broadened my technological capabilities to many aspects of drug

discovery besides crystallography," he says, "and now I do a half

dozen things reasonably well, including building a company."

He has his name on more than 25 patents from his 3DP days, and in his

18 months at Linguagen he has filed some more. Says Salemme: "That’s

one of the best parts about working in a small company, you can

contribute to the projects."

Linguagen, 2005 Eastpark Boulevard, Eastpark at Exit 8, Cranbury

08512; 609-860-1500; fax, 609-860-5900. F. Raymond Salemme, CEO.

www.linguagen.com

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Contracts Awarded: Semandex

Semandex Networks Inc., 201 Washington Road, c/o Sarnoff Corporation,

Princeton 08540; 609-799-8887; fax, 609-514-4061. Daniel Reininger,

CEO. Home page: www.semandex.net

In 2004 Marines in Iraq found and distributed battlespace information

more quickly by using a content-based network from Semandex Networks,

a company that is headquartered within Sarnoff Corporation’s building

just off Princeton-Hightstown Road.

Now Semandex has landed a five-year, $10 million defense contract to

license its commercial, off-the-shelf networking products and to

provide engineering services to the Department of Defense and other

federal agencies.

To create a "semantic web," the network uses XML tags to classify

information based on content instead of search terms and URLs. "A

Semandex network overlays current systems and can work through

existing applications, essentially eliminating the user learning

curve," says a press release.

The networking project allows for the rapid dissemination of real and

near real-time information. According to CEO Daniel Reininger, it can

be used not only by Marines in battle situations but also by those in

embattled industries, such as health care and financial services.

Care Capital LLC, 47 Hulfish Street, Suite 310, Princeton 08540;

609-683-8300; fax, 609-683-5787. Jan Leschly, CEO. www.carecapital.com

The Hulfish Street-based venture capital firm, Care Capital, has

started its third life sciences fund, Care Capital Investments III,

with $300 million from 20 institutional investors. The firm focuses on

later-stage pharmaceutical and biotechnology enterprises.

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Crosstown Moves

ABC Computers, 405 Route 130, East Windsor 08520; 609-443-1700. Evan

Rector, president. www.abandccomputers.com

ABC Computers moved from 357 Route 33 to 405 Route 130 in East

Windsor.

Beneficial Financial, Lawrence Square Boulevard South, Village Square

Plaza, Lawrenceville 08648; 609-989-7400; fax, 609-392-8803. Mary Ann

Gliottone, senior account executive.

Beneficial, a member of the HSBC group, has moved its five-person

office from 1719 Brunswick Pike to Village Square Plaza, near Quaker

Bridge Mall. With 850 branches nationwide, Beneficial does consumer

lending, including refinancing and first and second mortgages.

Colfax/IMO Industries Inc., 240 Princeton Avenue, American Metro,

Suite 111, Hamilton 08619; 609-896-7627; fax, 609-896-7633. Thomas M.

O’Brien, vice president. www.colfaxcorp.com

The legal department for Colfax industries and the headquarters of Imo

have moved from 993 Lenox Drive to American Metro Center. Colfax

Corporation was formed in 1997 to acquire Imo. Colfax/Imo Industries

is a marketer and manufacturer of pumps and fluid control devices,

with manufacturing plants in four countries and four states.

Thomas M. O’Brien, senior vice president, general counsel, and

secretary says he expects to add staff members in the next year.

Envirogenics, 18 East 6th Avenue, Mercerville 08619; 609-586-0700;

fax, 609-586-4426. Jeffrey Olcott, managing partner.

Envirogenics, an environmental remediator, moved from 3812 B

Quakerbridge Road in Lawrenceville to Mercerville. This company does

environmental and industrial hygiene audits, as well as asbestos and

hazardous waste management. Although the new office is somewhat

smaller, the company still employs 15 people, according to the office

manager.

General Abstract & Title Agency, 1155 Whitehorse-Mercerville Road,

Hamilton 08619; 609-586-6030; fax, 609-587-2317. Robert E. Mule,

president. www.generalabstract.com

General Abstract and Title Agency relocated from rented quarters in

Yardville Bank at 3111 Quakerbridge Road into 3,000 square feet at the

old headquarters of Roma Bank, the company’s new owner. Roma Bank has

moved to new corporate headquarters and its eighth branch office in

Washington Town Center.

Willis Pooling, 850 Bear Tavern Road, Ewing 08628; 609-538-0159; fax,

609-538-1927. Dave D. Ritch, director.

The risk management company moved last month from 340 Scotch Road,

West Trenton, to 850 Bear Tavern Road in Ewing. The company offers

risk management solutions, risk transfer expertise, and specialized

consulting for public entity pools.

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Downsizing

Electrosonic Systems, 684 Whitehead Road, Lawrenceville 08648;

609-393-0884; fax, 609-393-4350. Andrew Kidd, general manager.

www.electrosonic.com

The Lawrenceville office of Electrosonic Systems downsized last year,

moving from 11 H Princess Road to about 1,200 square feet at 684

Whitehead Road, according to Andrew Kidd. Electronic Systems, based in

Minneapolis, is an audiovisual company, specializing in the AV needs

of corporate communications, command and control rooms, museums,

retail displays, theme parks, and exhibitions. Of the more than 300

employees, five work here.

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Leaving Town

Exide Technologies (XIDEW), 13000 Deerfield Parkway, Building 200,

Alpharetta GA 30004; 678-566-9000; fax, 678-566-9188. Gordon A. Ulsh,

president and CEO. www.exideworld.com

Exide Technologies completed its move in 2005 from 3150 Brunswick

Pike, Crossroads Corporate Center, to a suburb of Atlanta, Georgia.

"Alpharetta offers a lower cost of living, and our Transportation

Americas division is headquartered here," says a spokesperson. "The

new CEO thought it was pragmatic to be closer to the business in a

place that made economic sense."

Exide had no other operations in Princeton: The reason it was

headquartered here is that its former president and CEO, Craig

Muhlhauser, wanted to live in Princeton. (U.S. 1, March 21, 2001). He

moved the headquarters from Reading, Pennsylvania, to the Carnegie

Center and then, when the firm filed for bankruptcy, to Crossroads

Corporate Center. None of the 40 workers in Princeton took jobs in

Georgia.

Top Of Page
Deaths

Peter Benchley, 65, on Saturday, February 11, from complications of

pulmonary fibrosis. A novelist, screenplay writer, and

environmentalist, he is best known for the novel "Jaws."


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