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Deals and Moves October 3

NJBIZ STAFF//October 3, 2011//

Deals and Moves October 3

NJBIZ STAFF//October 3, 2011//

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Manufacturing deal; imaging network acquisition; solar ranch loan guaranteed.

Manufacturing deal; imaging network acquisition; solar ranch loan guaranteed.

North

Progenitor Cell Therapy LLC, an Allendale-based subsidiary of NeoStem Inc., and ImmunoCellular Therapeutics Ltd. announced Monday that ImmunoCellular has retained the services of PCT to serve as the second manufacturing site to produce a vaccine targeting multiple tumors for its Phase II clinical trial. As part of this agreement, PCT will transfer the manufacturing process at its West Coast facility for use in clinical trials, as well as subsequent manufacturing to support future trials and development efforts.

One Call Medical Inc., in Parsippany, announced Monday its acquisition of Raytel Imaging Network Inc., a provider network of diagnostic imaging services, including MRIs and CT scans. Raytel Imaging Network is based in Collegeville, Pa.

Central


NRG Energy Inc., in Princeton, has completed its acquisition of the 250-megawatt California Valley Solar Ranch project from SunPower Corp. The acquisition occurred immediately prior to Friday’s financial closing of the project’s loan guarantee from the U.S. Department of Energy’s Loan Programs Office. The project has received a loan guarantee of up to $1.237 billion from the DOE.

Monmouth Real Estate Investment Corp., in Freehold, announced Friday the acquisition of an 113,871-square-foot industrial building located a 502 W. Independence Drive, Edinburg, Texas, for approximately $8.0 million. The building is situated on approximately 13.1 acres.