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Health Care

Roche biotech subsidiary Genentech takes new space in Little Falls

The firm, a member of the Roche group, has moved into a 20,000-square-foot office after signing a long-term lease at the building, according to Colliers International’s Parsippany office. The space will serve as Genentech’s satellite office in New Jersey, housing some 60 corporate support employees such as lawyers and procurement executives.The signing comes after the ...

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Rockwood announces share repurchase of up to $500M

According to the announcement, this program is in addition to the $400 million share repurchase program recently completed in the third quarter 2013. Repurchases under the program may be made through one or more open market transactions, unsolicited or solicited privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, self tender offers, or ...

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Horizon trains N.J. vets to fill full-time IT jobs

Horizon has partnered with Workforce Opportunity Services and Rutgers University-Newark to develop a 39-week work-study program for veterans. Participants take courses focused on software development, business writing and business solutions at night, and then intern at Horizon during the day. One of those veterans is James Lee, who served in the National Guard while attending ...

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New $1.8M program trains vets to help Obamacare applicants

The New Jersey Hospital Association and RWJF’s New Jersey Health Initiatives today are announcing plans to hire and train 25 veterans as “certified application counselors,” who will be deployed at hospitals and other sites across the state to help New Jerseyans explore their health insurance coverage options under the ACA. “Because veterans offer a unique ...

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Matinas BioPharma appoints chief business officer

According to the announcement, Jabbour is a co-founder and board member of Matinas BioPharma. He brings to the company over a decade of specialized experience in the biopharmaceutical industry, with expertise heading legal, intellectual property and commercial operations. He will play a key role in building upon the Company’s intellectual property portfolio.The company announced its ...

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Alvogen acquires rights to pain medication with $58M in 2012 sales

According to the announcement, the nonsteroidal anti-inflammatory Naprelan is manufactured in controlled-release tablets at dosages of 375 mg, 500 mg and 750 mg. The product will be marketed by Almatica Pharma Inc., a subsidiary of Alvogen. In a separate transaction, Alvogen also acquired all rights and interest in the new drug application to the U.S. ...

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Matinas BioPharma moves to Bedminster

According to the announcement, the company, which recently closed a $15 million financing, is now positioned to begin advancing the development of omega-3 lead product candidate, MAT9001, for the treatment of severe hypertriglyceridemia and mixed dyslipidemia.“We believe [establishing headquarters in New Jersey] strategically positions us very well to have access to great talent and the ...

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Cantel Medical acquires Jet Prep Ltd.

According to the announcement, Jet Prep will be integrated into Cantel’s Medivators Endoscopy division and will remain in Israel. Led by David Nitsan, this group of R&D engineers will continue working on new product development. Jet Prep Ltd. is the developer of the Jet Prep flushing device, a novel single-use irrigation and aspiration catheter to ...

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VA hires Rutgers to conduct first-of-its-kind, multi-million dollar genotyping study

The contract, valued at $7.5 million in the first year and undisclosed afterward, will be handled by the BioProcessing Solutions Alliance, a partnership consisting of RUCDR Infinite Biologics, a Busch Campus biorepository that collects and stores biological materials for investigation, and private company BioStorage Technologies. RUCDR Chief Operating Officer Andrew Brooks said the landmark contract ...

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