NewMarket Pharmaceuticals LLC, 47 Hulfish Street, Suite 405, Princeton 08542; 609-252-9600; fax, 609-252-0600. Brian McDonald, president. www.newmarketpharma.com.
Newmarket Pharmecuitcals has moved from 17 Hulfish Street to an office at 47 Hulfish Street, where it has expanded.
“NewMarket Pharmaceuticals was founded with the purpose of modernizing drug delivery systems for the treatment of animals,” says the company’s website. “We have identified a means by which established drugs that have proven safety and efficacy profiles, but exist in outdated or inefficient delivery systems, can be reformulated and administered to animals in a faster, safer, easier, and more accurate manner that has the potential to dramatically expand the market for these drugs.”
Advancing Opportunities/Cerebral Palsy of New Jersey, 1005 Whitehead Road Extension, Suite 1, Ewing 08638-2502; 609-882-4182; fax, 609-882-4054. Jack Mudge, CEO. www.advopps.org.
United Cerebral Palsy Associations of New Jersey has changed its name to Advancing Opportunities. The organization, located on Whitehead Road in Ewing, also has a new website — www.advops.org.
The organization is a non-profit agency that provides a wide variety of services to children and adults with all types of disabilities.
Edison Venture Fund, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. John H. Martinson, managing partner. www.edisonventure.com.
Edison Ventures, based in Lawrenceville, is making a $3.5 million follow-on investment in NetProspex, a data services firm, based in Waltham, MA.
Edison led a $7 million financing for the company, bringing its cumulative investment to $8.6 million. The funding will go toward increasing sales, accelerating channel partner integrations, and increasing product development.
“NetProspex is leading the industry with the most accurate business contact and company data in the cloud,” said Ryan Ziegler, the Edison principal who led the investment. “The company enables marketers to analyze, verify, fix, append and, grow prospect and customer data, the lifeblood of all sales and marketing initiatives.”
NetProspex is part of Edison’s growing interactive marketing and digital media portfolio. Interactive Marketing and eCommerce industry segments include investments in advertising technology, digital media, interactive marketing, eCommerce, mobile, and the social media economy.
Investments include ACT! (Sage), Cadient, Dendrite (Cegedim), Fishbowl, Lifebooker, MediaBrix, Motionsoft, Neat, Operative, PlumChoice, Salsa Labs, SMTN, SnapMyLife, Sonicbids and Vocus.
Air Transport, 41 Airpark Road, Princeton; 888-720-3808; fax, 609-387-0404. Ed Kwoka, president. www.airtransportinc.com.
Air Transport, the personal charter air carrier that had operated out of Princeton Airport since 2008, has closed operations there and moved to Florida. “It was a good business in Princeton,” said Sandy Kwoka, who operated the company with her husband, Ed, “but the overhead at an airport was very high.”
The firm sold its physical assets but continues to arrange charter service for its clientele from its new base in Florida. The couple also operate a computer networking company, Network Management Associates. The firm can be reached at 609-206-0594 or 888-720-3808.
Princeton Financial Systems, a State Street Company, 600 College Road East, Fourth Floor, Princeton 08540; 609-987-2400; fax, 609-514-4794. James Russo, president. www.pfs.com.
College Road-based Princeton Financial Systems, a provider of accounting, compliance, and reporting products for the investment industry, has signed on Lansing, Michigan-based Jackson National Life Insurance Company to its PAM for Securities system for investment accounting and PAM InfoHub.
According to a release, PAM for Securities is an investment accounting and management system that supports international accounting and reporting requirements for a diverse range of assets and portfolio types. PAM InfoHub uses InfoStream Publish/Subscribe technology to provide reporting data on a near real-time basis, reducing the time to create multi-currency and multiple accounting basis reports.
“We conducted extensive due diligence to ensure we had the most comprehensive system for our US-based fixed income securities portfolio accounting,” said Mark Stewart, director of investment accounting for Jackson. “As a leading investment accounting system, PAM will provide us with the ability to easily import projected cash flows that would impact amortization and book-yield calculations, as well as the additional functionality of seamlessly exporting information to a variety of different sources.”
Retirements: C. Richard Sarle, president and CEO of Carrier Clinic in Belle Mead for the past 15 years, will retire effective December 31. A search committee has been appointed to help in selecting Sarle’s replacement.
Dennis Bone is retiring from Verizon New Jersey, where he served as president since 2000. The retirement goes into effect July 6. Bone is also the immediate past chairman of the New Jersey Chamber of Commerce.
Death: Philip J. Stevenson, 77, died on June 1. He worked at many bio-tech/pharmaceutical companies including: Arquest, Monsanto, Chicopee, Chemstrand, Johnson & Johnson, and Personal Products.