Shared Office Space Coming to Carnegie
Intelligent Office, a company that provides shared and virtual office space, is opening a location at 300 Carnegie Center this summer. Intelligent Office has locations in Red Bank and Marlton in New Jersey in addition to other offices around the country.
The company caters to small businesses, professional firms, and independent contractors.
“With the high concentration of people who are critical thinkers in our area, Princeton is an ideal location for services and resources that are targeted specifically to entrepreneurs and professionals,” said Tom Smith, president of Intelligent Office Princeton. “In addition to the many services we offer, Intelligent Office Princeton will be hosting complimentary educational programs, networking events, and professional accreditations for continuing education.”
Intelligent Office offers meeting room rental, shared office space, and administrative support.
The Princeton office will be located at 300 Carnegie Center, Suite 150, in a building completed in 2013. For more information, visit www.intelligentoffice.com.
Clinical Trials For ‘Female Viagra’
Palatin Technologies Inc. (PTN), 4B Cedar Brook Drive, Cedar Brook Corporate Center, Cranbury 08512; 609-495-2200; fax, 609-495-2201. Carl Spana PhD, president & CEO. www.palatin.com.
According to press reports, Palatin Technologies is preparing to begin Phase 3 clinical trials of its “female Viagra” drug bremelanotide. The drug is intended to treat sexual dysfunction in women. Unlike the male equivalent, which comes in a little blue pill, bremelanotide is injected into the abdomen.
Despite its less convenient delivery method, Palatin’s phase I and II clinical trials showed the drug had promise for raising the libidos of women who had been diagnosed with sexual dysfunction, according to a report in the Star-Ledger. Palatin has a market capitalization of about $44 million despite having only 20 employees. CEO Carl Spana told reporters he expected the drug to be approved by 2017.
Correction
Harmonic Inc., 101 Morgan Lane, Suite 208, Plainsboro 08536-3345.
Harmonic Inc., a telecommunications company, has not left town as reported in the April 16 issue of U.S. 1. Instead, it moved to an office above its former location and added several new staff members.
New in Town
Brown, Diallo & Roy LLP, 163 Cranbury Road, Princeton Junction 08550; 609-716-7400; www.bdrlawoffice.com.
The law firm of Browne, Diallo & Roy has opened in the Grovers Mill Barn building. The boutique law firm consists of Sandra Browne, Claire Diallo, and Susan Roy, who specialize in business and estate law, insurance law, and immigration law respectively. Roy is also a freelance contributor to the West Windsor-Plainsboro News.
The recently renovated historic Grovers Mill Barn is near the location of the “Martian invasion” described in the 1932 Orson Welles radio drama War of the Worlds.
Management Moves
Binary Tree, 3088 Route 27, Kendall Park 08824; 800-706-2913; fax, 212-937-4606. Steven Pivnik, CEO. www.binarytree.com.
Binary Tree, a technology company based on Route 27 in Kendall Park, has hired Eli Bakofsky to be its new CFO.
Binary Tree helps clients migrate between IBM Notes (Lotus Notes) and Microsoft Exchange servers.
“The addition of Eli substantially enhances our team’s ability to execute our business plan, which includes a variety of strategic and operating initiatives,” said CEO Steven Pivnik. “His extensive background with growth-oriented companies enables him to immediately contribute to our product, solutions, and organizational plans.”
Before joining Binary Tree, Bakofsky was controller at Mobile ESPN, CFO at Call Sciences, vice president of finance and administrator for UbiquiTel, and held several senior positions at AT&T Wireless Services. He has more than 25 years of experience in the industry.
Leaving Town
Innovo, 279 Princeton-Hightstown Road, East Windsor 08520; 800-307-1778; fax, 800-307-1779, www.innovorx.com.
Innovo Specialty Compounding Solutions, a compounding pharmacy, has moved to East Brunswick after a brief tenure at the architecturally striking building at 279 Princeton-Hightstown Road in East Windsor.
The building resembles a suspension bridge, with its walls hung from a row of A-frame masts that run the length of the building. Mechanical systems are visible from the outside, and sit on a platform that is suspended from the frames.
It was designed by the English architect Sir Richard Rogers for PA Technology, and construction began in 1983 with the state’s first “robotic groundbreaking.” Rogers also designed the Pompidou Center in Paris.
Innovo, now headquartered in East Brunswick, moved into the building in October. Innovo CEO Sam Patel declined to say why the company moved out after less than a year.
Grants Awarded
Liquid Light, 11 Deer Park Drive, Princeton Corporate Plaza, Suite 121, Monmouth Junction 08852; 732-274-2215; www.liquidlightinc.com.
Liquid Light, a chemical technology company, has won a $500,000 seed grant from a Canadian organization. The Climate Change and Emission Management Corporation gave Liquid Light the grant as part of its “Alberta’s Grand Challenge” initiative to find technologies that will reduce greenhouse gas emissions.
Liquid Light specializes in developing and licensing technology to turn carbon dioxide (a major greenhouse gas) into other chemicals. Its winning submission, which beat out 344 submissions from 37 countries, was to partner with a major chemical company to build a plant that converted CO2 into chemicals and polymer precursors using clean energy.
The pilot plant, located in Canada, would produce a ton of products per day and would prove the economic feasibility of Liquid Light’s approach. As the winner of the seed grant, Liquid Light is eligible for potential further rounds of funding, up to $13 million.
Princeton Plasma Physics Laboratory, Princeton University, James Forrestal Campus, Box 451, Princeton 08543-0451; 609-243-2000; fax, 609-243-2751. Stewart Prager, director. www.pppl.gov.
Princeton Plasma Physics Lab is part of a $25 million arms control project by the National Nuclear Security Administration. The fusion research lab is participating in the project along with the U.S. Department of Energy and a consortium of universities. PPL’s part of the project involves developing a means to verify whether nuclear weapons being dismantled or removed from deployment contain real nuclear warheads.
Deaths
Bernard J. Lechner, 82, died April 11. Lechner was a leading expert on television and electronic displays. He worked at RCA Labs for 30 years, where he made influential contributions to the development of flat screen displays and HDTV. A service will be Saturday, May 3, at noon at Trinity Church in Princeton.
Charles A. Sculerati, 67, died April 7. Sculerati worked for many years at the Hobby Shop, the Alchemist & Barrister, and the Nassau Inn’s Yankee Doodle Tap Room before moving to Baltimore in 2006.
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