#b#Financing News: IPO Raises $7.1 M#/b#
Soligenix (SNGX), 29 Emmons Drive, Suite C-10, Princeton 08540; 609-538-8200; fax, 609-452-6467. Christopher J. Schaber, president and CEO. www.soligenix.com.
Drugmaker Soligenix raised $7.1 million in an initial public offering, which closed June 25. The company said in a press release that it will use the offering to develop candidate drugs and for general working capital.
Venture capital firm Third Security bought many of the shares and will have a place on the Soligenix board.
Soligenix’s two lead product candidates include a treatment for pediatric Crohn’s disease, which is currently in a Phase 1 clinical trial, and a treatment of oral mucositis for which the company plans to begin a Phase 2 clinical trial this year.
Center for Non-Profits, 3575 Quakerbridge Road, Suite 102, Mercerville 08619; 732-227-0800; fax, 732-227-0087. Linda M. Czipo, executive director. www.njnonprofits.org.
The Center for Nonprofits, an umbrella organization representing nonprofit groups, has moved its offices from Livingston Avenue in North Brunswick to the Newman Building in Mercerville, sharing space with the New Jersey Association of Mental Health and Addiction Agencies.
Center director Linda Czipo said the group’s lease had expired at its former location and the CNG’s four staff moved April 30. She said the group was collaborating with its new officemate.
The NBN Group, 1000 Herrontown Road, Princeton 08540; 609-436-6420; fax, 609-688-6829. Amy McCaffrey, branch manager, www.nbngroup.com.
Home healthcare agency NBN group has expanded its office and moved from Forrestal Village to Herrontown Road. Clinical case manager Lisa Risack said the Princeton office of the Cherry Hill-based company has been doing good business and needed to expand, growing from three office staffers to eight.
ACEBios, 103 Carnegie Center, Suite 321, Princeton 08540; 609-356-0193; www.acebios.com.
Netorous, a marketing and consulting firm for pharmaceutical, nutritional supplement and medical device companies doing business in the United States and China, has changed its name to ACEBios.
CohnReznick LLP, 103 Carnegie Center, Suite 311, Princeton 08540; 609-896-1221; fax, 732-380-8608. Sol Greenspan, office managing partner. www.cohnreznick.com.
Accounting firm J.H. Cohn has changed its name to CohnReznick LLP after merging with The Reznick Group. The nationwide company has 2,200 employees with 100 in its Eatontown office, which has a satelite location in Carnegie Center.
#b#New in Town#/b#
Princeton International Preparatory School (PIPS), 15 Spring Street, Suite 2, Princeton 08542; 609-356-0117; fax, 800-859-5892. John Park, president. pipschool.org.
Princeton International Preparatory School, a prep school focusing on international students, has established an office in downtown Princeton, in anticipation of taking over the former campus of the American Boychoir School.
ExSAR Corporation, 11 Deer Park Drive, Suite 103, Monmouth Junction. www.exsar.com.
ExSar Corporation, a pharmaceutical company, has left town. Its former headquarters on Deer Park Drive is closed .
PPlus Technologies Inc. , 103 Carnegie Center, Princeton www.tekseed.net.
PPlus Technologies has left its Carnegie Center office. Calls to its listed phone number were not returned.
PrideStaff, 168 Franklin Corner Road, Suite 120, Lawrenceville.
National temp agency PrideStaff has closed its Franklin Corner Road office.
Zon Capital Partners LLC, 5 Vaughn Drive, Princeton Metro Center, Wing B, Suite 302, Princeton. www.zoncapital.com.
Zon Capital Partners has left its Vaughn Drive office. Calls to its listed phone number were not answered.
The Rev. Mary Jean Birmingham Metzger, 84, on May 16. A graduate of the Princeton Theological Seminary, she served as the chaplain at the Medical Center of Princeton and worked in the Episcopal Diocese of New Jersey.
Joseph B. Yuhas, 89, on June 28. A welder, he was active in the United Steelworkers of America and in the Mercer County Democratic Committee.