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Published in U.S. 1 Newspaper on March 29, 2000. All rights reserved.
Stock News: i-Stat and Palatin
East Windsor 08520. William P. Moffitt, president and CEO. 609-443-9300;
fax, 609-443-9310. Home page: www.i-stat.com.
The April issue of Worth magazine features the annual favorite stock
report from Peter Lynch and friends. Lynch, the Fidelity Investments
mutual fund guru, annually asks seven of his investment-minded friends
to pick their favorite stocks. Among the 14 picks this year is I-Stat,
the developer of blood diagnostic products at Windsor Center Drive.
Lynch’s Boston buddy Mike DiCarlo, who runs a fund called DFS Integrity
Partners, made i-Stat his 12-month pick. The stock was at $12.25 when
he made his selection on January 31, and was at $17 March 27. The
company has developed a handheld blood analyzer that can perform up
to 16 common blood tests in minutes. That’s a big improvement over
sending blood to a lab and then waiting for results, reports DiCarlo.
"Best of all this is a razor-and-razor-blades story. The company
not only provides the handheld analyzer, it also sells the replaceable
cartridges for the device at roughly $3.50 apiece. A medium-sized
hospital uses about 15,000 cartridges a year."
Summarizes DiCarlo: "With almost no coverage on Wall Street and
huge markets left to explore in the U.S. and abroad, plus a solid
balance sheet, i-Stat is poised" for some excellent growth.
Suite 200, Princeton 08540. Edward Quilty, president, CEO and chairman.
609-520-1911; fax, 609-452-0880. Home page: www.palatin.com.
The results of a clinical study on the company’s chief potential products
were published in this month’s issue of Journal of Nuclear Medicine.
Working with the results of Phase 2 clinical trials, investigators
found that LeuTech, a monoclonal antibody for imaging infection sites,
was safe and effective in diagnosing "hard to diagnose" cases
of appendicitis (U.S. 1, March 22). Of the 500,000 patients with appendicitis
in the United States, half are considered to be hard to diagnose.
Montgomery Commons, Princeton 08540. Ramon L. Garcia, president. 609-252-0446;
fax, 609-252-9416. Home page: www.interlinkbiotech.com.
After four years at this address, this biotech company has expanded
to 2,000 feet. It is working on joint ventures in Italy and Argentina,
and it has a 15-person lab in Auburn, California.
InterLink has expertise in genetics and breeding, molecular biology,
cell biology and tissue culture, physiology and biochemistry, microbiology
and crop science and agronomy. In gene discovery it is working on
natural products. In agriculture biotech it is working on food and
Last month it announced it will establish a company in Argentina to
do technology assessment, transfer, licensing, consulting, and discovery
of lead molecules and genes for the agricultural, food, and feed industries.
InterLink Sur Biotecnologias will be directed by Nestor A. Darwich
of Darwich Asociados. An early project will be to help Argentinian
companies comply with requirement for products containing genetically
modified (GMO) ingredients or the certification of GMO free products.
A similar company is being formed in Lodi, near Milan, Italy, directed
by Mario Lo Pinto, to certify GMO-free products for European companies.
Kemin Industries, based in Des Moines, Iowa, made a "substantial"
cash contribution to Interlink last year. InterLink Associates also
has alliances with Dow AgroSciences in Indianapolis, Indiana, and
is working with a Canadian company to examine forestry species in
Chile and other Latin American countries.
Princeton 08542. Michael J. Hierl, president. 609-683-5225; fax, 609-683-5775.
Home page: www.pacesettergroup.com.
The Pacesetter Group has doubled its space and expanded in the adjoining
building at 180 Tamarack Circle. It has a total of 4,500 square feet,
up from 1,500 square feet just three years ago.
"In the last two years the Pacesetter Group has more than doubled
the number of consultants on our staff," says Michael Hierl, founder
and president. "While adding new capabilities, we are maintaining
the focus on our core mission — that is, helping clients to improve
their business performance and manage complex organizational change
The group’s clients, Fortune 500 and medium-sized companies in the
mid-Atlantic region, include most of the leading pharmaceutical and
consumer healthcare companies as well as firms in technology, telecommunications,
and financial services field. The group is holding a series of executive
forums so that senior functional managers can learn from experts and
exchange ideas with peers. The first, held on March 1, was for those
doing quality and regulatory compliance in the pharmaceutical and
consumer healthcare industries. A similar forum for financial executives
will be held this summer.
Peter Hexter, partner. 609-730-3922; fax, 609-466-0773.
With his partner, Helen Brown, Peter Hexter owns Epanel, a maker of
luxury towel warmers that is doing quite well as the baby boom generation
matures. Last month Hexter moved the administrative offices of Epanel
across Route 31 to Pennington Business Park.
He owns this park, which was the site of his former company, Lenape
Pottery, which manufactured porcelain bath accessories.
Pike, Lawrenceville 08648. Joseph Markowitz, managing partner. 609-896-2660;
The law firm of Markowitz & Zindler did not merely change its name,
as was printed on March 15; it dissolved. Joseph and Joshua Markowitz
(father and son), Christine Gravelle and Linda Schwimmer have formed
Markowitz, Gravelle & Schwimmer, and Howard Teichman is counsel. It
focuses on bankruptcy, commercial, personal injury, product liability,
real estate, criminal, matrimonial, and general business
Corner, Belle Mead 08502. Steven Holovach, manager. 908-904-4718.
The Nelson’s Corner location of the discount bookstore has closed,
but two stores remain open — at Pennington Shopping Center and
at Montgomery Shopping Center.
for Progress in Religion, valued at about $948,000. Established in
1972 by the creator of the Templeton mutual funds (who objected to
the fact that no Nobel Prize is awarded for insights to religion and
spirituality), this prize is always valued at more than the value
of the Nobel Prize for a particular year.
Dyson, who has also received a Nobel Prize, shared with two other
physicists, is professor emeritus at the Institute for Advanced Study
and is currently writing scientific books for a general audience (U.S.
1, January 26).
designer and real estate broker in North Brunswick.
in Dayton and FMC on Route 1 North.
assistant at the Lawrence headquarters branch of the Mercer County
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