Novo Nordisk Inc. (NVO), 800 Scudders Mill Road, Princeton 08540-6213; 609-987-5800; fax, 609-919-7801. Jerzy Gruhn, president. www.novonordisk-us.com
Novo Nordisk, the Denmark-based developer of insulin and diabetes care products, is expected to move its American headquarters from 100 College Road East to 800 Scudders Mill Road by the end of the month, according to company officials. The company plans to hold a ribbon cutting on Friday, April 19, and will make the move to the new office over the next two weekends.
Novo signed a 15-year deal in 2011 to occupy the 770,000-square-foot building, which was formerly the home of Merrill Lynch. The company spent some $225 million to completely gut and renovate the facility. The move is expected to affect between 1,100 and 1,200 employees, and the company will occupy 500,000 square feet. Novo has an option to occupy the balance of the building at any time. The total number of Novo Nordisk employees in New Jersey is 1,478.
The move, which expands Novo’s presence in the Princeton-area market by approximately 150,000 square feet, generated about 500 union construction jobs to complete the renovations.
Merrill Lynch built the site at 800 Scudder’s Mill Road in 1985 and stayed until 2006. Merrill’s successor, Blackrock, utilized the facility, but in 2010 moved its operation to University Square at Route 1 and Alexander Road.
Orgenus Pharma, 105 College Road East, second floor, Princeton 08540; 609-297-2121; fax, 609-297-2120. Satish Srinivasan, VP business development and operations. www.orchidpharma.com.
Orgenus Pharma moved from 700 Alexander Park to 105 College Road East at the end of March. The company, founded in 2006, is a subsidiary of Orchid Chemicals & Pharmaceuticals Ltd.
First Tier Technology, 103 Carnegie Center, Suite 300, Princeton 08540; 609-720-1000; fax, 609-543-1185. Rohit Mathur, managing partner. www.f-tt.com.
First Tier Technology has moved from 3490 Route 1 to a shared office in 103 Carnegie Center.
First Tier has strategic partnerships with companies in the areas of business intelligence and high-performance data warehousing applications. It sells products and consultation services around those products.
The company, says managing partner Rohit Mathur, has clients in the financial services, pharmaceutical, and media industries. Mathur has a bachelor’s degree in physics and a master’s degree in computer science from universities in India. He gained financial expertise during the 10 years that he worked on Wall Street, where his titles included director of equity technology for Merrill Lynch. He then launched a start-up, Open Software Technology, which was acquired in 2000 by a NASDAQ-listed company, Actuate. He founded First Tier Technology in 2005.
Colliers International, 731 Alexander Road, Suite 302, Princeton 08540; 609-269-1111. Thomas Romano, managing director.
Colliers International is moving from 100 Overlook Center to 731 Alexander Road.
In January the commercial realtor hired Thomas Romano, a managing principal at Newmark Knight Frank’s Carnegie Center location, to be the executive managing director of its Princeton office in hopes of expanding its presence in the region.
#b#New In Town#/b#
Advantest America Inc., 508 Carnegie Center, Suite 102, Princeton 08540; 609-897-7324. Ricky Kobayashi, program manager. www.advantest.com.
Advantest America Inc., a subsidiary of Advantest Corporation, has opened an office in 508 Carnegie Center. The facility incorporates offices and a laboratory.
“Through a direct and localized presence, the establishment of a Princeton office allows us the opportunity to better meet the needs of our customer base,” said Haruo Matsuno, Advantest president and CEO. “Because New Jersey boasts a significant concentration of the world’s leading pharmaceutical companies, situating the office in close proximity to key R&D activities will help the company expand its reach in this major market.”
Advantest, whose United States headquarters is located in Santa Clara, CA, is the leading producer of automatic test equipment for the semiconductor industry and a manufacturer of measuring instruments. “The company also focuses on R&D for emerging markets that benefit from advancements in nanotech and terahertz technologies, and has recently introduced multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and 3D imaging analysis tools to the pharmaceutical and transportation industries,” said a company release.
Advantest was founded in Japan in 1954 as Takeda Riken Industry as a manufacturer of electronic measuring instruments. The company entered the semiconductor testing business in 1972, began trading on the Tokyo Stock Exchange in 1983, and changed its name to Advantest Corporation in 1985. The company’s stock began trading on the New York Stock Exchange in 2001.
Advantest established its first subsidiary — Advantest America — in 1982, and its European operations in Munich in 1983. Today the company has subsidiaries throughout Asia, operates in 13 countries, and has some 3,500 employees worldwide.
“The Princeton office will conduct intensive sales and marketing activities in addition to offering system demos at its new laboratory, which is equipped for full-operational research with state-of-the-art pharmaceutical tools,” said the release.
New Jersey Divison of Rate Counsel, 140 East Front Street, Fourth floor, Trenton 08625; 609-984-1460. Stefanie Brand, director. www.state.nj.us/rpa.
The New Jersey Division of Rate Counsel moved from Newark to 140 East Front Street in Trenton.
Director Stefanie Brand says the move, which involved more than 30 employees, is part of a plan by the state to centralize operations and bring the rate counsel’s office closer to the state Board of Public Utilities.
The Division of Rate Counsel represents and protects the interests of all utility customers — residential, small business, commercial, and industrial — whenever utilities in New Jersey seek changes in their rates for delivery of natural gas, electric, water, wastewater, telephone, or cable television services. The Rate Counsel also advocates for consumers in certain insurance matters.
VaxInnate, 3 Cedar Brook Drive, Cedar Brook Corporate Center, Suite 1, Cranbury 08512; 609-860-2260. Wayne Pisano, president and CEO. www.vaxinnate.com.
VaxInnate Corporation, a biotech based on Cedar Brook Drive in Cranbury, has been awarded a $2.2 million grant to develop a vaccine for the prevention of dengue.
The disease — pronounced den’ gee — is a mosquito-borne viral illness that kills an estimated 25,000 people annually. The grant was awarded to VaxInnate by the National Institute of Allergy and Infectious Diseases (NIAID). The grant provides funding over a period of three years to develop a vaccine using VaxInnate’s proprietary technology.
“We look forward to working with NIAID to develop a vaccine to prevent dengue, a disease that poses an increasing public health threat worldwide,” said Wayne Pisano, president and CEO. “VaxInnate’s selection for this grant is another endorsement of the potential of our proprietary technology to meet critical and emerging public health threats.”
The NIAID grant is VaxInnate’s fourth infusion of funding from the Federal government. The company previously received money from the Department of Defense for the development of vaccines to prevent dengue and malaria. Under a 2011 contract with the U.S. Department of Health and Human Services, VaxInnate is using its recombinant technology to develop pandemic and seasonal influenza vaccines.
Tamir Biotechnology Inc. , 11 Deer Park Drive, Monmouth Junction. www.tamirbio.com.
Tamir Biotechnology has vacated its office in 11 Deer Park Drive and has moved to San Diego, a company representative said. The company is a biotech R&D firm specializing in infectious disease treatments.
Cambridge Mercantile Corp., 902 Carnegie Center, Suite 340, Princeton. www.cambridgefx.com.
Cambridge Mercantile Corp. has moved its regional office from 902 Carngie Center to Manhattan, according to a company representative. Cambridge is a Toronto-based foreign trade services agency with offices throughout the country.
Light Management Consulting LLC, 103 Carnegie Center. Princeton. www.light-mc.com.
Light Management Consulting, a provider of pricing-based marketing services, has vacated its office in 103 Carnegie Center.
Christopher J. Franz, 49, on April 7. He was employed by Princeton Gamma Tech and New Jersey Manufacturers Insurance Company.
Samuel J. Josephson, 92, on April 11. Josephson was the proprietor of Jersey Maid Milk and Ice Cream Company, Ice Land Skating Rink, and the Cold Springs Country Club. He also founded Manischewitz Dairy Products.
Elmer Kovacs, 83, on April 4. He was employed as a long-time engineer for AT&T in Princeton.
Joyce Glenna Mitchell, 70, on March 26. She worked at Johnson & Johnson in New Brunswick as a human resources manager.
Dougley C. Perry, 91, on April 6. He worked at Morris Maple and Sons, Princeton.
Philip P. Porado, 84, on April 1. He was a manager at La Vake and Hamilton Jewelers on Nassau Street and also had his own appraisal firm, Scott and Porado. Porado was also a Juilliard-trained concert master for the Ars Nova chamber orchestra and numerous other local classical music ensembles.
Jerome G. Rose, 86, on April 5. He was professor of urban planning and professor of business law at Rutgers University for 27 years.