Derma Sciences Inc. (DSCIOB), 214 Carnegie Center, Suite 300, Princeton 08540; 609-514-4744; fax, 609-514-0502. Edward J. Quilty, CEO. www.dermasciences.com.
Derma Sciences, a medical device and pharmaceutical company based in Carnegie Center, has acquired MedEfficiency.
MedEfficiency, headquartered in Colorado, is the manufacturer of the TCC-EZ Total Contact Cast system — a treatment for diabetic foot ulcers. Derma Sciences paid $14.5 million in cash for the privately held company.
According to Derma CEO Edward J. Quilty, integration of MedEfficiency has already begun and is expected to be completed by the end of July.
“This acquisition is a key component of our strategy to be the leading provider of novel products for healing chronic wounds, including diabetic foot ulcers,” says Quilty. “With TCC-EZ, we are even better positioned to improve our market penetration in the U.S. and in our expansion markets of Europe, the Middle East, Asia, and Latin America.”
Quilty says that members of MedEfficiency’s sales and marketing management team have been retained, as well as sales managers as regional specialists. “We anticipate even stronger growth of these products moving forward,” says Quilty.
Derma Sciences focuses on three segments of the wound care marketplace: pharmaceutical wound care products, advanced wound care dressings, and traditional dressings.
The company recently completed the Phase 2 clinical trial for a diabetic foot ulcer healing product DSC127 — an investigational pharmaceutical drug under development for accelerated wound healing and scar reduction. It is preparing to begin Phase 3 clinical trials.
Derma’s Medihoney product is a leading brand of honey-based dressings for the management of wounds and burns that was the focus of a positive large-scale, randomized controlled trial involving 108 subjects with leg ulcers. Its other products include Xtrasorb for better management of wound exudate and Bioguard for infection prevention.
Photo Haven of Pennington, 424 South Main Street, Pennington 08534; 609-737-1548; Barry Havens, owner. www.photohaven.com.
After 25 years in retail, Barry Havens closed his retail location of Photo Haven of New Jersey at 7 Route 31 North in Pennington, to concentrate on video transfer services. He also continues to do school photography.
Vesta Sciences, 11 Deer Park Drive, Monmouth Junction 08852; 732-329-0300; Shanthi Subramanian, director. www.vestaceramics.net.
Vesta Sciences, based in Monmouth Junction, has moved from 7 Deer Park Drive to 11 Deer Park Drive.
The company, headquartered in San Diego, is the manufacturer of silicon nitride products for automotive and industrial parts.
TOTE Inc., 125 Village Boulevard, Suite 230, Princeton 08540; 609-454-3649; fax, 609-454-3652. Michael B. Holt, VP, general counsel, chief ethic officer. www.toteinc.com.
American Shipping Group, located in Princeton Forrestal Village, has reorganized and changed its name to TOTE Inc.
In February, TOTE reorganized American Shipping Group’s five independently managed businesses into three groups — maritime, logistics, and ship management. TOTE Maritime includes the companies Totem Ocean Trailer Express, and Sea Star Line. TOTE Ship Management includes Interocean American Shipping; and TOTE Logistics includes Alta Logistics, and Spectrum Logistics.
“We felt the ‘American’ name was somewhat limiting with our goal of expanding our logistics services beyond the USA,” says said TOTE Inc. President Anthony Chiarello.
Totem Ocean Trailer Express was founded in 1975. It offers twice-weekly cargo ship operations between the Port of Tacoma and the Port of Anchorage on two American-built trailer ships.
The company is a subsidiary of Seattle-based Saltchuk Resources. That company was founded in 1982 with the acquisition of Totem Ocean Trailer Express from Sun Ships.
Princeton Plasma Physics Laboratory, Princeton University, James Forrestal Campus, Box 451, Princeton 08543-0451; 609-243-2000; fax, 609-243-2751. Stewart Prager, director. www.pppl.gov.
A.J. Stewart Smith, who has served as Princeton University’s first dean for research since 2006, was named as vice president for the Princeton Plasma Physics Laboratory.
Smith is expected to begin the newly created position in January, 2013, and will act as the university’s primary liaison with the U.S. Department of Energy, according to a PPPL news release.
Smith, a Princeton professor of physics, is a researcher in high-energy particle physics and a nationally known figure in science policy, according to the release.
During his tenure as dean, Smith oversaw several research support functions that had been spread throughout the university.
They include the Office of Corporate and Foundation Relations, the Office of Research and Project Administration, the Office of Technology Licensing, PPPL, and the university’s animal research, biosafety, and research integrity programs.
The university has announced that it has formed a committee to begin a national search for his successor immediately.
Smith’s move will allow him to dedicate more time to PPPL, which the university has managed for more than 60 years. According to the news release, Smith’s successor will focus on areas of the dean’s portfolio that grew during Smith’s tenure, including corporate and foundation relations, technology licensing, and regulatory compliance.
“One of the principal areas of emphasis for the next dean for research will be expanding corporate and foundation partnerships, and improving our already very strong competitiveness for government grants,” says Princeton Provost Christopher Eisgruber.
“Stew has made tremendous progress in those areas already. By moving responsibility for PPPL into his new office, the university ensures that his successor will both be able to take on existing management and oversight responsibilities, and also cultivate new initiatives that will help Princeton’s research program to secure the funding that it requires,” says Eisgruber.
The transition will also allow Smith to devote more time to his own research, with 50 percent dedicated to oversight of PPPL, the other half to his research. Smith joined the university faculty in 1967, a year after earning his Ph.D. in physics from Princeton in 1966. He served as chair of the physics department from 1990 to 1998.
During his career Smith conducted a succession of major experiments in particle physics at national laboratories. Since 1995, he has served as scientific team leader of an international collaboration of 600 scientists from 10 countries involved in a project based at the Stanford Linear Accelerator.
Lois A. Cromwell, 82, died on April 21. She and her husband, John, established the Cromwell Memorial Home in 1956 in Hopewell Borough.
Charles E. Hatch III has died at the age of 63. He was a long-time employee of FMC, starting in 1975 as a process chemist. During his years there he rose to the position of Process, Formulation, Residue, Metabolism, and Engineering R&D Director. He was also technology director for the FMC Asia-Pacific Agricultural Venture, and finally a senior fellow working on special projects.
Lawrence P. Frazer, 59, died on April 23. He was a chef starting at Bucks County Play House, and moved on to work at several Princeton University eating clubs including Terrace Club, Campus Club, and DEC. Later he became executive catering chef at the university. He recently left Princeton to pursue teaching culinary arts at the Eden Institute.