Postal Alternative

Contracts Awarded

Deaths

Corrections or additions?

This article was prepared for the

Movember 7, 2001 edition of U.S. 1 Newspaper. All rights

reserved.

On the Move

A product being developed by a Carnegie Center-based

biotech might be put into service to diagnose cases of inhaled

anthrax.

Palatin Technologies had applied two years ago to have the FDA approve

its LeuTech infection imaging agent for diagnosing appendicitis. Now

doctors at the Walter Reed Army Medical Center have put LeuTech on

a fast track to possibly replace the current — very slow —

test for inhaled anthrax.

When Palatin’s antibodies are injected into a patient, they attach

themselves to white blood cells that will gravitate to the site of

an infection. With Palatin’s LeuTech product, technicians can label

these antibodies with a radio-isotope called technetium-99m. Then

they track the white blood cells with an X-ray-like machine called

a gamma camera to discover the site of an infection. Doctors can

"see"

and diagnose the infection in less than 30 minutes, even before a

patient has symptoms.

The current test for anthrax produces results 36 hours after the

patient

develops symptoms, which is often too late for successful treatment.

Palatin will donate the LeuTech for these experiments, says Stephen

Wills, who founded this company with Ed Quilty as a shell, used to

acquire interesting technologies. Soon the 36-person firm will

consolidate

its laboratory in Edison and its corporate office at the Carnegie

Center by moving to Cedar Brook Corporate Center.

Palatin Technologies Inc. (PTN), 103 Carnegie

Center,

Suite 200, Princeton 08540. Carl Spana PhD, CEO. 609-520-1911; fax,

609-452-0880. Www.palatin.com

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Postal Alternative

Bills arriving in the mail are rarely welcome, but bills

in today’s mail carry the onus of potential contamination. Two

Princeton

companies — Paytrust and Princeton eCom — are helping to craft

the world’s ultimate weapon in the anti-anthrax war — paperless

bills. Such Internet-based systems enjoy a "no-paper" safety

factor. If you don’t get your bill in the mail, it can’t carry

bio-terror

spores.

Paytrust’s consumer clients use its website to receive and pay bills.

"Our existing customers are writing us about how happy they are

to be receiving their bills through E-mail," says Laurel Cecila,

spokesperson for the firm with 300 employees nationwide, including

50 at Quakerbridge Executive Center (www.paytrust.com).

Princeton eCom, at 650 College Road, is an outsource provider for

biller-direct sites; it presents 650,000 bills per month for payment

on the Internet, and 800,000 by telephone. The 345-person firm numbers

100 billers and more than 1,100 banks among its clients

(www.princetonecom.com).

"We wouldn’t expect to see a large impact until three to six

months

down the road," says Tom Healey, spokesperson. "But we have

had a 15 to 20 percent increase in telephone payment and one client

rolling out an E-billing service got 20 to 25 percent more responses

than expected."

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Contracts Awarded

Kyowa Pharmaceutical Inc. (KYKOF), 104 Carnegie

Center, Suite 301, Princeton 08540. Tetsushi Inada PhD, president.

609-919-1100; fax, 609-919-1111. Home page: www.kyowa-kpi.com

Johnson & Johnson contracted with Kyowa Hakko Kogyo to buy out Kyowa’s

40 percent equity stake in a pharmaceutical joint venture,

Janssen-Kyowa.

Terms of the deal were not disclosed.

Top Of Page
Deaths

Katherine Julia Kerekes-Pullen, 54, on October 27. She

was office coordinator at SRI Consulting – Business Intelligence and

had also worked at Educational Testing Service.

Ann D. Henry, 48, on October 31. A commercial real estate

broker, she worked in the marketing department at Gale and Wentworth

in Forrestal Village.

Paul Yates Sr., 37, on November 2. He was a printer at

Pequod Press.

Corrections or additions?


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