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Health Care

Forest Laboratories acquires Aptalis for $2.9B

Forest Laboratories will acquire Aptalis from its private equity owner, TPG, pending required reviews by antitrust authorities. The deal is expected to close in the first half of 2014. Aptalis CEO Frank Verweil said in a statement that the company has grown under TPG’s ownership though internal product development and acquisitions, “and now our new, ...

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Pappajohn named new chairman of Cancer Genetics

Cancer Genetics said Pappajohn has been involved with more than 100 start-up companies, 50 initial public offerings, and served as a director for more than 40 public companies, many in bioscience and health-related industries.“My personal goal for CGI is to help the company become the world leader in DNA-based diagnostics,” Pappajohn, a shareholder of Cancer ...

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Soligenix appoints chief medical officer

According to the announcement, Straube is a board-certified pediatrician with clinical research experience in host-response modulation. He has 35 years of experience in academia and industry, including positions at Centocor, Ohmeda Pharmaceuticals, INO Therapeutics, and Stealth Peptides Inc.Straube received his medical degree and residency training at the University of Chicago, completed a joint adult and ...

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Healthcare Corporation of America names new CEO

According to the announcement, Giordano, whose appointment is effective Friday, succeeds Gary Sekulski. Giordano was also elected a director of the company’s board. In addition, the company announced the appointment of Yaron Eitan as chairman, also succeeding Sekulski, who will continue to assist the Company with its business development activities. Ms. Giordano brings over 20 ...

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STORY OF THE YEAR The Affordable Care Act

One event almost always stands out. This year is no exception. The NJBIZ 2013 Story of the Year has to be the Affordable Care Act. How big is the story? You could say it influenced and impacted every person and every business in the state in 2013. Or you could say this: It’s hard to ...

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Immunomedics awarded antibody patent

According to the announcement, the company received U.S. patent no. 8,617,558 for additional claims under the patent family “Camptothecin-binding moiety conjugates,” and U.S. patent no. 8,617,518 with additional claims for the patent family “Methods and compositions for improved F-18 labeling of proteins, peptides and other molecules.”Patent 8,617,558 relates to our proprietary linker technology for conjugating ...

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Report ACA signups in NJ more than doubled in November

“We are hearing anecdotally from different states that their signups are picking up steam,” said Hector De La Torre, executive director of TCHS. “So you may see a big jump in the December figures for people who want coverage starting Jan. 1.” Depending on their income, individuals and families get federal subsidies to help them ...

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Senesco to merge with Calif. biotech firm

The companies plan to finalize the non-binding agreement in early 2014. Senesco CEO Leslie Brown said the combination will expand the company’s research and development capability with potential to develop drugs attacking an array of cancers. San Diego-based Fabrus has proprietary technology designed to improve the discovery of antibodies. Brown said Fabrus technology could complement ...

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Madison Dearborn acquisition values Ikaria at $1.6B

According to the announcement, existing Ikaria shareholders, including New Mountain Capital and certain members of the company’s management team, will receive a minority stake in Madison Dearborn. The transaction is expected to be completed in the first quarter of 2014, pending customary closing conditions for transactions of this type. The transaction also includes the separation ...

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Eight more ACOs approved by Medicare

This brings to 17 the number of Medicare ACOs operating across the state.   The new ones include Robert Wood Johnson Partners (a collaboration between Robert Wood Johnson University Hospital and Health System and Rutgers University), JFK Population Health Company (an affiliate of JFK Medical Center in Edison), Partners in Care ACO (part of East Brunswick-based ...

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Inergetics gets $3.3M EDA grant under TBTC program

According to the announcement, the company’s application for the New Jersey Technology Business Tax Certificate Transfer Program has been approved for $3.357 million. Inergetics, which employs twelve full time employees, including eleven in New Jersey, relocated to the Innovation Zone of Newark in 2013 and expects to receive cash after fees of $3.055 million in ...

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