Research and development firm Oncobiologics, Inc. – headquartered in Cranbury – develops low cost innovative oncology and immunology biopharmaceutical treatments for cancer patients. As a past small business client of the SBDC at Raritan Valley Community College, the center assisted the firm in a few key business operational areas, including business planning, human resources and obtaining financing. In June 2011, the firm received a $1 million Small Business Administration (SBA) backed term loan through a community bank with the assistance of the New Jersey Small Business Development Center at Raritan Valley Community College (RVCC).
Like Brian Leuthner, Pankaj Mohan was also recognized as one of NJSBDC network’s 2011 Small Business Growth success award winners. Mohan acknowledged that the SBDC program’s guidance in key areas came at a critical time during the development of his company to launch cancer therapy at low cost.
“Our center at RVCC is glad to see that Dr. Mohan and his firm Oncobiologics, Inc. is growing,” said Bill Harnden, regional center director at NJSBDC of Raritan Valley Community College. “We’re always here to support his firm’s needs.”
“Dr. Mohan invited us to participate at the opening of his offices just a few years ago,” said NJSBDC network Chief Operating Officer and Associate State Director Deborah Smarth. “It’s heartening to see how both Dr. Mohan and Brian Leuthner have persevered, advancing and growing their companies in fields that are greatly beneficial to people’s health and well-being. We’re glad that our program helped them along the road to success.”
“These success stories really mean a great deal to our network and staff,” said NJSBDC network Chief Executive Officer and State Director Brenda Hopper. “These growth stories are terrific and motivate our network to do even more for small businesses that come to us throughout the year for our assistance.”