Bristol-Myers Squibb is closing its campus on Pennington-Rocky Hill Road in Hopewell and moving its employees to other locations by 2020 as part of a company-wide reshuffling of office space. It also plans to close two of its three buildings in Forrestal Center in Plainsboro, and two of its offices in Bloomsbury and on Carter Road in Lawrence.
Meanwhile, the pharmaceutical giant is expanding its facility in New Brunswick as well as its newly opened office on Princeton Pike, which is still partly under construction.
Linda McCormick Lavery, a spokesperson for Bristol-Myers Squibb, said there would not be mass layoffs because of the building closures. “These moves are not about reducing headcount, but about bringing teams together to work more efficiently,” she said.
The new campus on Princeton Pike near I-295 has 555,000 square feet of office space and will house about 2,100 people in the company’s commercial organization. The Forrestal Center offices are also used for commercial operations, and the people who work there will go to the new campus. Lavery said one building will be retained for “swing space” for workers displaced by other office renovations throughout the area.
The Carter Road office is also “swing space” and will be vacated by BMS by 2020 once it is no longer needed.
BMS is also currently renovating its main facility in the Route 1 corridor, the campus on Route 206 in Lawrenceville, where corporate functions are located.
The fate of the 433-acre Hopewell campus, built in 1997, is still up in the air. It will be closed in phases until it is completely empty. BMS owns the property and Lavery said the company was looking for buyers.
“This reorganization of our U.S. footprint is about how we work and where we work in order to drive efficiency. We work with really serious diseases, and so time is of the essence. It’s about simplifying our work and integrating our teams to meet the needs of business today and in the future,” Lavery said.
Princeton University Press, 41 William Street, Princeton 08540. 609-258-4900. Peter Dougherty, director. http://press.princeton.edu.
Peter J. Dougherty, director of the Princeton University Press for the past 11 years, will retire at the end of 2017. During his tenure, the press published books by 12 Nobel laureates.
“Peter Dougherty has led the Princeton University Press with spectacular distinction for more than a decade,” said Princeton University president Christopher L. Eisgruber. “During his tenure, the Press has consistently published outstanding books that have defined scholarly debates and appealed to a broad range of readers. He has spoken out effectively on issues important to scholarly publishing, and he has built a superb editorial and operational team.”
The press is now looking for a new director.
Princeton University Press publishes about 230 titles per year in science and the humanities.
NJM Insurance Group, 301 Sullivan Way, West Trenton 08628. 609-883-1300. Bernie Flynn, president. www.njm.com.
Alastair Shore is replacing the retiring Charles A. Prall as CFO at NJM Insurance Group.
“NJM has benefited tremendously from Charlie Prall’s expertise, guidance, and commitment to our policyholders both as a member of our executive leadership team and the board of directors, and he will surely be missed,” said Bernie Flynn, NJM CEO.
“For more than 30 years, I have had the privilege of calling NJM home,” said Prall. “During that time, the company has grown significantly, without ever having lost the focus on policyholders that keeps it from becoming ‘just another insurance company.’”
Prall will be succeeded by Alastair C. Shore, who was most recently CFO for CUNA Mutual Insurance Group of Madison, Wisconsin. A native of Scotland, Prall earned a master’s in mathematics from the University of Cambridge.
Delaney & Murphy P.C., 148 Tamarack Circle, Skillman 08558. 908-829-4812. Edward Delaney, principal.
The law firm has moved from Orchard Road to Tamarack Circle in Skillman.
Princeton Advisory Group, 700 Alexander Park, Suite 103, Princeton 08540. 609-514-9200. Munish Sood, co-founder. www.princetonadvisory.com.
Princeton Advisory Group, a wealth management firm that consults in structured finance for institutions, has moved from Route 27 to Alexander Road.
Princeton Electrical Makeover, 335 New Road, Suite 4-B, Monmouth Junction 08852. 609-647-4986. Alex Levin, owner. www.electricalmakeover.com.
Princeton Electrical Makeover, a residential and commercial service company, has moved from Heritage Boulevard to New Road.
Solvere Senior Living, 125 Village Boulevard, Suite 304, Princeton 08540. 888-832-6601. Kristin Kutac-Ward, president and CEO. www.solvereseniorliving.com.
Solvere Senior Living has taken over management of the Brielle at Seaview on Staten Island. The Brielle is a 103,000 square-foot nonprofit assisted living and memory care facility. It is currently undergoing nearly $80,000 in upgrades, with the addition of Solvere’s Salus wellness philosophy and Valeo memory care programs. A new general manager and director of community relations have also been appointed.
Solvere Senior Living provides management services to senior living communities from Texas to the east coast. Its partner company, Solutions Advisors, provides marketing, sales, consulting, and creative services to Solvere-managed communities and clients.
The Brielle offers 98 assisted living and 24 memory care units, with a total of 188 beds in one and two-bedroom apartments. The Brielle is sponsored by Metropolitan Council on Jewish Poverty, a non-profit organization
#b#Biotech in Action#/b#
CytoSorbents Inc. (CTSO), 7 Deer Park Drive, Suite K, Monmouth Junction 08852. 732-329-8885. Phillip Chan, CEO. www.cytosorbents.com.
Cytosorb, a Deer Park Drive-based biotech company that makes a blood purification devices, says one of its machines has been used to successfully treat Dengue shock syndrome, a condition caused by the Dengue virus. The case study was reported in the Journal of Evidence Based Medicine Healthcare.
Dengue infects 100 million people a year, with about half a million developing serious life threatening symptoms.
Dr. Zafir A. Khan, of the Noble Hospital in Pune, India, recently published the first CytoSorb treatment case report of a 32 year old man infected with dengue virus who was transferred to his intensive care unit from an outside hospital after developing life threatening problems with his internal organs. His condition worsened and he was put on a ventilator, and doctors gave him a 55 percent chance of dying. His liver and kidneys were failing and his blood was becoming toxic.
At this point, doctors used CytoSorb therapy to treat his blood in addition to renal replacement therapy for kidney failure. The patient gradually improved and eventually made a full recovery. In the case study, the doctor called for further study of CytoSorb treatment for Dengue fever.
George Barker, 95, on December 4. He was executive vice president of Boehm Porcelain Studio, having traveled extensively with Helen Boehm.
Robert Tilton, 74, on December 11. He was the owner of Bob’s Cake Box in Trenton and Windsor Cake Box in Princeton Junction.
Richard Zimmer, 71, on December 14. He worked for IBM in Dayton.
Natalie E. Zilembo, 91, on December 15. She retired at age 82 from the Princeton Insurance Company, where she worked as a telephone receptionist.