#Integra Buys TEI#/b#
Integra LifeSciences Holdings Corporation, headquartered on Morgan Lane, is buying TEI Biosciences Inc. and TEI Medical, of Waltham, Massachusetts, for $312 million
TEI Biosciences is a biomedical company that makes a wide range of medical devices. TEI medical is its spinoff company that makes SurgiMend, biologic matrix made from fetal cow tissue.
In a statement, Integra said acquiring TEI would position the company as a leader in the regenerative wound care and tissue repair business. It already owns PriMatrix Dermal Repair Sacaffold, a product in the same field.
“This acquisition broadens our presence in regenerative wound care and tissue repair and represents a significant push forward toward our growth objectives for 2015 and beyond,” said Integra CEO Peter Arduini. “The addition of TEI is an important, strategic next step for both our channel and international expansion priorities. We are enthusiastic about both TEI’s product development and commercial expertise, which accelerates our ability to establish an immediate presence in the diabetic foot ulcer space.”
Integra LifeSciences Corporation (IART), 105 Morgan Lane, Enterprise Business Center, Plainsboro 08536; 609-275-2700.
AAA Car Care Insurance & Travel Center, 2970 Brunswick Pike, Lawrenceville 08648; 609-419-1704; fax, 609-419-1708, manager. www.aaamidatlantic.com.
The AAA Vacation Store, a travel agency, has moved to the new AAA Mid-Atlantic facility at the corner of Brunswick Pike and Bakers Basin Road from Windsor Green. The 8,400 square-foot, $1.9 million AAA Mid-Atlantic Car Care Insurance & Travel Center opened in March and offers car repair, travel, and insurance services. To offer the expanded services, 13 new employees joined the 12 existing employees.
Advaxis Inc. (ADXS), 305 College Road East, Princeton 08540; 609-452-9813; fax, Daniel J. O’Connor, CEO. www.advaxis.com.
Advaxis, a biotech company, is doubling its space at College Park at the Forrestal Center, where it has labs and office space.
The company signed a lease with National Business Parks for 20,000 square-feet of additional space at 305 College Road East. The space is undergoing a custom build-out.
“The client had many options in the market for relocation, but we worked very closely with Advaxis and their brokers to accommodate their current and future needs,” said Vincent Marano, COO of National Business Parks. “We are delighted to have Advaxis in our park for many years to come.”
Advaxis is developing cancer treatments that use the body’s own immune system to kill cancer cells.
#b#Rider Softball Coach Files Title IX Suit#/b#
A former women’s softball coach at Rider University is suing the school, claiming it fired her for complaining that women’s sports teams at the school got fewer resources than the men’s teams.
Patricia Carroll says her firing was retaliation for saying the school was in violation of Title IX regulations, which require equality in the treatment of male and female college sports teams. Carroll, who joined the college in 1994, says she was told in September that her contract would not be renewed in 2016.
Her suit claims she was notified of the non-renewal after complaining the college provided more booster funding, larger coaching staffs, better locker rooms, and more scholarship money to the men’s teams.
#b#NRC Fines Mistras#/b#
MISTRAS Group Inc. (MG), 195 Clarksville Road, Princeton Junction 08550; 609-716-4000; fax, 609-716-0706. Sotirios J. Vahaviolos, CEO. www.mistrasgroup.com.
The Nuclear Regulatory Commission has cited Mistras Group, a consulting company, for allegedly exporting nuclear materials to Canada without permission. The NRC recommended a $7,000 fine in an announcement that coincidentally reached newspapers on July 1, Canada Day.
The NRC says the company shipped two iridium-192 sealed sources to a company in Canada without obtaining a specific export license or notifying the governments of the U.S. and Canada in advance.
Iridium-192 is an isotope of iridium, a yellowish platinum-colored element that emits gamma radiation as it decays. It is used in industry and to treat cancer and is usually shipped in lead-lined canisters to block radiation.
The NRC said the fine was the second-least serious kind of violation — a Level III — and that the company had a month to appeal the decision.
Heartland Payment Systems (HPY), 90 Nassau Street, Princeton 08542; 888-798-3131. Robert Carr, CEO. www.heartlandpaymentsystems.com.
The charity associated with Heartland Payment Systems, the payment processing company based on Nassau Street, is spending $1 million to give 50 high school students a full scholarship at the College of New Jersey.
The Give Something Back Foundation, founded by Heartland CEO Bob Carr, has given scholarships to 250 students at several other colleges.
“The Give Something Back Foundation is thrilled to partner with the College of New Jersey to provide maximum access to a four-year college education to qualified students of modest means,” Carr said. “TCNJ shares our mission of helping students realize their full potential.” The foundation begins supporting students identified in ninth grade and provides them with a mentor and career and college assistance.
Carr, who earlier this year announced a similar scholarship program at Rowan University, is working on a book about his experiences helping students get through college debt free. He has said his giving to college students is motivated by a $50 scholarship he himself received as a student.
#b#New in Town#/b#
Pedus, 101 College Road, Suite 101, Princeton 08540; 609-203-5951; fax, 206-202-2943. Jiwang Dai (Jay), CEO. www.pedus.org
Pedus, an educational placement agency for students from China, has opened an office on College Road. The company has offices in China and several locations in the U.S.
Practice Bridge, 3100 Princeton Pike, Building 4, Suite D, Lawrenceville 08648; 877-394-5567; www.thepracticebridge.com.
Practice Bridge, a medical billing, revenue management, and electronic medical record management company, has opened an office on Princeton Pike.
Dynasty Group Inc., Quakerbridge Road, Suite 3000, Hamilton 08690, www.dynastygroupnj.com.
Dynasty Group, a marketing firm founded in 2010, moved from its Commerce Way office to Ibis Plaza.
YingHua International School, 33 River Road, Princeton 08540; 732-513-3034. Kristin Epstein, director. www.yhis.org.
YingHua International School, an English-Chinese immersion school on River Road, has brought five area residents onto its board of directors. The new directors are Bonnie Liao, the school’s founder, Kevin Merges, director of the Innovation Center at Rutgers Preparatory School, Cheryl Rowe-Rendleman, clinical trial expert and CEO of Omar Consulting, Stacy Schuster, executive director of College Relations for the College of New Jersey, and John Wang, director of portfolio procurement at Centerbridge Partners, a private investment firm.
Founded in 2007, YingHua is a full-time independent school for preschool through middle school grades with more than 70 students, who are taught the majority of their subjects in Mandarin Chinese by native Mandarin speakers. The students also study English and Spanish as part of their world language program.
The executive director is Kristin Epstein, who in 2013 became the first non-Chinese heritage administrator of the school.
International Business Research (IBR) , 600 Alexander Road, Suite 450, Princeton 08540; 609-683-1100; fax, 609-683-8917. Michael D. Allison. www.ibrusa.com.
International Business Research, a due diligence firm, has moved from Carnegie Center to 600 Alexander Road.
Natelsons, 45 Stouts Lane, Monmouth Junction, www.natelsons.com.
Natelsons, a consultancy that helps clothing stores “in stressful situations” run promotional sales and liquidations, is itself going out of business. The company has closed its Stouts Lane office.