BNET Industries
Market Cap:$905.1M
Last Fiscal Year Sales:$47.8M
- Public
- US
Dow Jones Description
We are a commercial-stage biopharmaceutical company dedicated to the identification, development and commercialization of novel therapies that improve neurological function in people with multiple sclerosis, or MS, spinal cord injury, or SCI, and other disorders of the central nervous system, or CNS. Our marketed product, Zanaflex Capsules, is approved by the U.S. Food and Drug Administration (FDA) for the management of spasticity. Our lead product candidate, Fampridine-SR, has completed two positive Phase 3 clinical trials for the improvement of walking ability in patients with MS and we submitted a New Drug Application (NDA) to the FDA at the end of January 2009 seeking approval to market it. We have discussed Fampridine-SR with national regulatory authorities in four European Union member states and believe that the current data are sufficient to file a centralized Marketing Authorization Application (MAA) with the European Medicines Agency (EMEA). Our preclinical programs target other aspects of MS, as well as SCI and other CNS disorders, and may also have application for other indications, such as stroke or congestive heart failure. We expect to file an Investigational New Drug (IND) application for Glial Growth Factor 2 (GGF2), the lead product candidate of our neuregulins program, for congestive heart failure in late 2009, pending the successful completion of toxicological and other work.
Chief Executive Officer
Ron CohenNumber of Employees 174
Peer Companies
NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414
Recent Events
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Zacks Bull and Bear of the Day Highlights: Acorda Therapeutics, Canon, Big Lots, Wal-Mart and...
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Emerson Electric Net Falls; Cognizant Technology Net Up
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Acorda Therapeutics Reports Third Quarter 2009 Financial Results
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Little Discord on Acorda Drug
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Early-Market Movers: Solta Medical, Citigroup
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Acorda Therapeutics Gets FDA Advisory Committee OK for Fampridine-SR
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Zacks Bull and Bear of the Day Highlights: Acorda Therapeutics, Hain Celestial, Citigroup, US Bancorp...
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Biogen Idec and Acorda Therapeutics Announce Collaboration Agreement to Develop and Commercialize MS Therapy Fampridine-SR...
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Company and People Notes: Merck and Portola Sign Agreement; Eisai Appoints Senior Vice-Presidents; More ...
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Acorda Therapeutics Reports Second Quarter 2009 Financial Results
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Elan Posts 2Q Financial Results
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Biogen Idec and Acorda Therapeutics' $500 million-plus deal produces mixed market reaction
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UPDATE: Acorda Shares Fall Following Biogen Deal
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Company and People Notes: Merck and Portola Sign Agreement; Eisai Appoints Senior Vice-Presidents; More ...
News & Analysis
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acorda therapeutics inc. - All News and Analysis
Positive FDA Panel Outcome for Acorda Therapeutics
Mike Havrilla submits: On 4/23/09, Acorda Therapeutics ACOR announced the resubmission of its NDA for Fampridine-SR Amaya to the FDA as a new therapy being developed to improve walking ability in people with multiple sclerosis (MS) in response to a Refuse to File letter for the NDA issued by the...
Stage Set for Acorda Bounce?
Shares of Acorda Therapeutics Inc. (NASDAQ:ACOR) have hit a five month low, after documents posted on the U.S. Food and Drug Administration's Website show that some agency investigators have questioned whether Acorda's proposed MS treatment Fampridine-SR should be approved. As subscribers to the BioMedReports FDA Calendar know, a special panel...
Bullish on Acorda: New Drug Looks Promising
Zacks.com submits: By Jason Napodano, CFA Over the past few months, we have become increasingly confident Acorda Pharmaceuticals' ACOR application for Fampridine-SR looks strong -- from a clinical data standpoint. The application contains data from a comprehensive development program assessing the safety and efficacy of Fampridine-SR, including two phase...
Acorda Pops on Good News
Zacks.com submits: By Jason Napodano, CFA We upgraded shares of Acorda Therapeutics, Inc. ACOR the day after the FDA issued the RTF ("refuse to file") letter on April 1, 2009. At that time the shares were hit hard -- down to the $18 level -- and we noted...
FDA Calendar Updates: Acorda, Roche
Mike Havrilla submits: Below is a summary of updates to the BioMedReports.com database of over 200 entries included in the FDA and Clinical Trial Calendars.The FDA Calendar includes companies with pending new drug, biological agent, or medical device new product decisions at the FDA sorted by their PDUFA decision deadline...
Why I Doubt the FDA Will Approve Acorda's Fampridine
Dr. Anthony submits: Yesterday there was an announcement that Acorda (NASDAQ: ACOR) has amended their NDA application for fampridine. After after taking a closer look at their Phase III study (MS-F203), here is a reason why come February 23, 2010 the FDA will provide a verdict of NOT APPROVED or...
Acorda Down on FDA Delay
Zacks.com submits: This morning, Acorda Therapeutics ACOR received a “refuse to file” (RTF) letter from the U.S. FDA regarding its new drug application (NDA) for Fampridine-SR, the company’s novel therapy designed to improve walking ability in people with multiple sclerosis. According to management on the conference call...
Behind the Acorda Rumors
Bill Luby submits: Rumors are a part of Wall Street. They always have been and they always will be. For the most part I tend to ignore the rumors and not bother to mention them on the blog, but occasionally one is too interesting to pass up...
Acorda Therapeutics Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions And your first question comes from the line of Joel Sendek from Lazard Capital Markets. Joel Sendek - Lazard Capital Markets Hi, thanks. So I have a question about the partnering in. Obviously it’s understandable that you don’t want to be...
Acorda Therapeutics, Inc., Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question will come from the line of Matt Roden with J.P. Morgan. Matt Roden - J.P. Morgan I have a couple of questions on the European regulatory discussions. First, just to clarify, should we assume that no additional clinical...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ron Cohen | Chief Executive Officer |
| Andrew Blight | Chief Scientific Officer |
| David Lawrence | Chief Financial Officer |
| Mary Fisher | Chief Operating Officer |
| Thomas C Wessel | Chief Medical Officer |
| Jane Wasman | Executive Vice President, General Counsel |
| Denise Duca | Senior Vice President, Human Resources |
| John Librie | Senior Vice President, Sales and Marketing |
| Anthony O. Caggiano | Vice President, Preclinical Development |
| Tierney Saccavino | Vice President, Corporate Communications |
| Stephen J. Hoffman | Observer |
| Barclay A. Phillips | Director |
| Mark R.E. Pinney | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Barclay A. Philips | Board of Directors |
| Barry E. Greene | Board of Directors |
| Ian F. Smith | Board of Directors |
| John Friedman | Board of Directors |
| John P. Kelley | Board of Directors |
| Lorin J. Randall | Board of Directors |
| Michael Steinmetz | Board of Directors |
| Sandra Panem | Board of Directors |
| Standish M. Fleming | Board of Directors |
| Steven M. Rauscher | Board of Directors |
Ron Cohen, M.D. is President, CEO and founder of Acorda Therapeutics, Inc., a public biotechnology company developing therapies for spinal cord injury, multiple sclerosis and other disorders of the central nervous system. Dr. Cohen previously was a principal in the startup of Advanced Tissue Sciences, Inc., a biotechnology company engaged in the growth of human organ tissues for transplantation uses. Dr. Cohen received his B.A. degree with honors in Psychology from Princeton University, and his M.D. from the Columbia College of Physicians & Surgeons. He completed a residency in Internal Medicine at the University of Virginia Medical Center, and is Board Certified in Internal Medicine. Dr. Cohen is Chairman Emeritus and a Director of the Board of the New York Biotechnology Association. He also serves as a member of the Health Care Governing Body and the Emerging Company Section of the Board of the Biotechnology Industry Organization (BIO), and as a member of the Columbia-Presbyterian Health Sciences Advisory Council. Dr. Cohen is a recipient of the Ernst & Young Entrepreneur of the Year Award for the New York Metropolitan Region, and an inductee into the National Spinal Cord Injury Association’s “Spinal Cord Injury Hall of Fame.”
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Chief Executive Officer | Current |
| Acorda Therapeutics, Inc. | President | Current |
| Intermixx.Com, Inc. | President, CEO, and Founder | Current |
| Acorda Therapeutics, Inc. | Founder | Current |
| Zymenex A/S and Company | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Advanced Tissue Sciences, Inc. | Principal | Former |
| Biotechnology Industry Organization | Chairman | Former |
| Intermixx.Com, Inc. | Board of Directors | Former |
| Columbia College | M.D. | Former |
| Columbia University College of Physicians and Surgeons | M.D. | Former |
| University of Bristol | B.S. in Zoology and his Ph | Former |
| Princeton University | B.A. Degree | Former |
Andrew R. Blight, Ph.D. has been our Chief Scientific Officer since January 2004 and previously served as our Executive Vice President, Research and Development from 2000 to 2004, and Vice President from 1998 to 2000. Prior to joining Acorda, Dr. Blight spent approximately six years as Professor and Director of the Neurosurgery Research Laboratory at the University of North Carolina at Chapel Hill. Dr. Blight held prior academic positions at Purdue University and New York University. Dr. Blight is a leader in SCI pathophysiology research and has made several important contributions to the field, particularly on the role of demyelination in SCI. He also pioneered the therapeutic application of 4-AP in SCI animal models and in human clinical trials. Dr. Blight is a member of the editorial board of the Journal of Neurotrauma and has served as a member of the NIH NSDA review committee. He was previously Secretary, Treasurer and Vice President of the National Neurotrauma Society. Dr. Blight received his B.S. in Zoology and his Ph.D. in Zoology/Neurobiology from the University of Bristol, U.K.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Chief Scientific Officer | Current |
| Intermixx.Com, Inc. | Research Director and Scientific Advisor | Current |
| Acorda Therapeutics, Inc. | Executive Vice President | Former |
| National Neurotrauma Society | Secretary, Treasurer and Vice President | Former |
| The University of North Carolina | Research Director | Former |
| Intermixx.Com, Inc. | Advisor | Former |
| Purdue University | Former | |
| New York University | Former | |
| National Neurotrauma Society | Treasurer | Former |
| University of Bristol | Ph.D. In Neurobiology | Former |
| University of Bristol | B.Sc. In Zoology | Former |
David Lawrence, M.B.A. has been our Chief Financial Officer since January 2005. He previously served as our Vice President, Finance from January 2001 through 2004, and Director, Finance from 1999 to 2001. From 1991 to 1999, Mr. Lawrence held several positions for Tel-Air Communications, Inc. including Vice President and Controller. Prior to Tel-Air, he held financial management positions of Controller and Finance Manager for Southwestern Bell and Metromedia Telecommunications respectively. Mr. Lawrence received his undergraduate degree in Accounting from Roger Williams College, and an M.B.A in Finance from Iona College. Mr. Lawrence is a founding member and currently serves on the Board of Directors as Treasurer of The Brian Ahearn Children's Fund.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Chief Financial Officer | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Vice President, Finance | Former |
| Southwestern Bell | Manager | Former |
| Iona College | M.B.A In Finance | Former |
| Roger Williams College | Undergraduate Degree In Accounting | Former |
| Roger Williams College | degree in Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Skinmedica Acne System | Chief Executive Officer | Current |
| SkinMedica, Inc. | Chief Executive Officer | Former |
| Acorda Therapeutics, Inc. | Vice President | Former |
| Cephalon, Inc. | Vice President, Strategic Healthcare and Commercial Operations | Former |
| Immunex Corporation | Corporate Communications Manager | Former |
Thomas Wessel, M.D., Ph.D., has been our Chief Medical Officer since November 2008. Prior to joining Acorda, Dr. Wessel served as Senior Vice President of Clinical Research at Sepracor, Inc., leading the central nervous system (CNS) and respiratory medicine development teams. He also served as the medical director for the company's insomnia development program, expanded the company’s clinical development capabilities, initiated several projects based on isomer and metabolite technologies, and participated in various business development activities. Previously, Dr. Wessel worked on several CNS projects at Janssen Pharmaceutica in Europe and the U.S., leading the U.S. regulatory submission team for an Alzheimer’s disease treatment approved by the FDA in 2000. Before working in the pharmaceutical industry, Dr. Wessel held several academic and research positions. Dr. Wessel completed his residency in neurology at New York Hospital and Memorial Sloan-Kettering Cancer Center (Cornell University Medical Center), and is Board Certified in Neurology. He graduated from the University of Munich School of Medicine and completed his postgraduate research in experimental neurobiology at the Max-Planck-Institute for Psychiatry in Martinsried, Germany.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Chief Medical Officer | Current |
| Sepracor Inc. | Senior Vice President of Clinical Research | Former |
| Janssen Pharmaceutica | Former |
Jane Wasman, J.D. has been our Executive Vice President, General Counsel and Corporate Secretary since May 2004. From 1995 to 2004, Ms. Wasman held various leadership positions at Schering-Plough Corporation, including Staff Vice President and Associate General Counsel responsible for legal support for U.S. Pharmaceuticals operations, including sales, marketing and compliance; FDA regulatory matters; global research and development; and, corporate licensing and business development. She served as Staff Vice President, International in 2001 and as Staff Vice President, European Operations—Legal from 1998 to 2000. Previously, Ms. Wasman specialized in litigation at Fried, Frank, Harris, Shriver & Jacobson. She also served as Associate General Counsel to the U.S. Senate Committee on Veteran's Affairs. Ms. Wasman graduated Magna Cum Laude from Princeton University and earned her J.D. from Harvard Law School. Ms. Wasman is a member of the Board of Directors of the New York Biotechnology Association.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Executive Vice President, General Counsel | Current |
| Schering-Plough Corporation | Vice President | Former |
| Acorda Therapeutics, Inc. | Corporate Secretary | Former |
| Schering-Plough Corporation | Associate General Counsel | Former |
| Harvard Law School | J.D. | Former |
| Princeton University | Former |
Denise Duca Ed.M. has been our Vice President, Human Resources since March 2005. Previously she served as our Executive Director, Human Resources from 2002 to 2005. Ms. Duca previously was Director – Staffing and Development for Carter-Wallace’s New Jersey locations consisting of five major divisions; Consumer Products, Pharmaceutical, Diagnostics, International and Pet Products. Prior to her work with Carter-Wallace, Ms. Duca held human resources management positions at Colgate-Palmolive Co. and Viacom International, Inc. Ms. Duca received her Bachelor’s of Professional Studies from Pace University, an M.A. and Ed.M. in Psychological Counseling from Teachers College, Columbia University, and has been a doctoral candidate in the Organization and Leadership Department at Teachers College, Columbia University
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Senior Vice President, Human Resources | Current |
| Colgate-Palmolive Company | Former | |
| Pace University | Bachelor's of Professional Studies | Former |
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Senior Vice President, Sales and Marketing | Current |
| Acorda Therapeutics, Inc. | Vice President, Sales and Marketing | Former |
| Acorda Therapeutics, Inc. | Executive Director | Former |
| Btg | Former | |
| Fairleigh Dickinson University | B.S. In Medical Technology | Former |
Anthony O. Caggiano, M.D., Ph.D. has been our Vice President of Preclinical Development since February 2009. He previously served in various roles in the Preclinical and Research & Development departments since joining Acorda in 2001, directing basic research and product development efforts, coordinating external research efforts with academic and commercial collaborations, and collaborating in business development activities. Dr. Caggiano has authored papers in neuroinflammation, injury and recovery, and has been the inventor or co-inventor on multiple Acorda technologies. He also has served as a member of the National Institutes of Health (NIH) neuropharmacology Small Business Innovations Research (SBIR) grants review committee. Prior to joining Acorda, Dr. Caggiano co-founded Remote Diagnostic Imaging, a company that assembled an expert staff of radiologists to provide remote diagnostic services to understaffed hospitals. Dr. Caggiano received his undergraduate degree in interdisciplinary studies of biology, chemistry and psychology from University of Virginia, and his M.D. and Ph.D. in neurobiology from the University of Chicago.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Vice President, Preclinical Development | Current |
| National Institutes of Health | Board of Directors | Former |
| University of Chicago | M.D. | Former |
| University of Virginia | Undergraduate Degree In Interdisciplinary Studies | Former |
Tierney Saccavino has been our Vice President of Corporate Communications since March 2005. She previously served as our Senior Director, Corporate Communications from 2001-2005, Director from 1998-2001. Ms. Saccavino brings over 15 years’ experience in public relations, marketing, and corporate communications activities to her position at Acorda. Before joining Acorda she was the Manager of Corporate Relations at Adventis, a Boston-based management consulting firm focusing on the media, communications and telecom industries. In that capacity, she was responsible for public relations, corporate promotions, and executive education programs. Previously, she worked for nine years in a variety of positions at Fidelity Investments including human resources and information systems. Ms. Saccavino attended the University of Connecticut in Storrs, Connecticut.
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Vice President, Corporate Communications | Current |
| Adventis Corporation | Manager of Corporate Relations | Former |
| University of Connecticut | Former |
| Organization | Position | Status |
|---|---|---|
| Skyline Ventures | Managing Director | Current |
| Techno Venture Management | General Partner | Current |
| Proteon Therapeutics, LLC | General Partner, Tvm Capital | Current |
| Cydex, Inc. | Investment Manager | Current |
| Paintedfrog Studio | Investment Manager In the Life Science Team | Current |
| Sunol Molecular Corp. | Observer | Current |
| Acorda Therapeutics, Inc. | Observer | Current |
| Allos Therapeutics, Inc. | Chairman | Current |
| Proteon Therapeutics, LLC | Board of Directors | Current |
| Concert Pharmaceuticals | Board of Directors | Current |
| Genetix Pharmaceuticals, Inc | Board of Directors | Current |
| Cydex, Inc. | Board of Directors | Current |
| Magen Biosciences, Inc | Board of Directors | Current |
| Precision Therapeutics, Inc. | Board of Directors | Current |
| Sirtris Pharmaceuticals, Inc. | Board of Directors | Current |
| TolerRx, Inc. | Board of Directors | Current |
| Paintedfrog Studio | Board of Directors | Current |
| Sunol Molecular Corp. | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Allos Therapeutics, Inc. | Chief Executive Officer | Former |
| Allos Therapeutics, Inc. | President | Former |
| Somatogen, Inc. | Vice President | Former |
| Somatogen, Inc. | Founder | Former |
| Somatogen, Inc. | Director of Corporate | Former |
| Genetix Pharmaceuticals, Inc | Chairman of the Board of Directors of Genetix and | Former |
| Allos Therapeutics, Inc. | Director | Former |
| Northwestern University | Ph.D. In Bio, Organic Chemistry | Former |
| University of Colorado School of Medicine | M.D. | Former |
| University of Colorado | M.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Board of Directors | Current |
Barclay A. Phillips, age 46, has served as our Chief Financial Officer since August 2008. Previously, he served as a member of our board of directors from 2000 until his appointment as our Chief Financial Officer in August 2008. From 1999 to August 2008, Mr. Phillips was a Managing Director of Vector Fund Management. From 1991 to 1999, Mr. Phillips served in various roles including Director of Private Placements and Biotechnology Analyst for INVESCO Funds Group, Inc. From 1985 to 1990, Mr. Phillips held positions in sales and trading with Paine Webber, Inc. and Shearson Lehman Hutton, Inc. Over the last ten years, Mr. Phillips has held board positions for a number of public and private companies and currently serves as a director of Acorda Therapeutics, Inc., a publicly traded biopharmaceutical company. Mr. Phillips received a B.A. in economics from the University of Colorado in Boulder.
| Organization | Position | Status |
|---|---|---|
| Micromet, Inc. | Senior Vice President and Chief Financial Officer | Current |
| Vector Fund Management | Managing Director | Current |
| Acorda Therapeutics, Inc. | Director | Current |
| Micromet, Inc. | Member of Cancervax | Current |
| Vector Fund Management | Manager | Former |
| Cellomics Inc. | Director | Former |
| University of Colorado | B.A. in economics | Former |
Barry Greene is the President and Chief Operating Officer of Alnylam Pharmaceuticals. Barry joined Alnylam in September 2003, bringing over 15 years of experience in healthcare industries and consulting. Prior to Alnylam, he was General Manager of Oncology at Millennium Pharmaceuticals, Inc., where he led the company's global strategy and execution for its oncology business including strategic business direction and execution, culminating in the successful approval and launch of VELCADE (bortezomib) in mid 2003. Prior to joining Millennium in February 2001, Mr. Greene served as Executive Vice President and Chief Business Officer for Mediconsult.com. Prior to Mediconsult.com, Mr. Greene's past experiences include Vice president of Marketing and Customer Services for AstraZeneca formerly AstraMerck; Vice President Strategic Integration with responsibility for the AstraZeneca North American post merger integration; and Partner, Andersen Consulting responsible for the pharmaceutical/biotechnology marketing and sales practice. Mr. Greene received his B.S. in Industrial Engineering from University of Pittsburgh and serves as a Senior Scholar at Duke University, Fuqua School of Business.
| Organization | Position | Status |
|---|---|---|
| Alnylam Pharmaceuticals, Inc. | President | Current |
| Alnylam Pharmaceuticals, Inc. | Chief Operating Officer | Current |
| Duke University, The Fuqua School of Business | Senior Scholar | Current |
| Fuqua Store | Current | |
| Alnylam Pharmaceuticals, Inc. | Board of Directors | Current |
| Global Capital Associates | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Millennium Pharmaceuticals, Inc. | General Manager | Former |
| Accenture Ltd. | partner | Former |
| Rigid Building Systems Ltd. | Former | |
| University of Pittsburgh | B.S. In Industrial Engineering | Former |
Ian Smith joined Vertex in November 2001. Prior to joining Vertex, Mr. Smith served as a partner in the Life Science and Technology Practice Group of Ernst & Young LLP, an accounting firm, from 1999 to 2001. As Vertex’s CFO, Mr. Smith holds responsibility for a wide variety of core functions at Vertex, including Finance, Strategic Communications, Information Systems and Operations. Mr. Smith is also a member of the Executive Team at Vertex. Mr. Smith received a B.A. with honors in Accounting and Finance from Manchester Metropolitan University. Mr. Smith is a current member of the American Institute of Certified Public Accountants, the Institute of Chartered Accountants of England and Wales, and the Financial Executives Institute. Mr. Smith is a member of the Board of Directors of Acorda Therapeutics, Inc, Epix Pharmaceuticals, Inc. and TolerRx Inc. Additionally, he is a board member of the Massachusetts Biotechnology Council and is Chair of its Policy Committee.
| Organization | Position | Status |
|---|---|---|
| Vertex Pharmaceuticals Incorporated | Executive Vice President and Chief Financial Officer | Current |
| Vertex, Inc. | Executive Vice President | Current |
| Infinity Pharmaceuticals, Inc | Chair | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| TolerRx, Inc. | Board of Directors | Current |
| Predix Pharmaceuticals Holdings, Inc. | Board of Directors | Current |
| Vertex Pharmaceuticals Incorporated | Board of Directors | Current |
| Prohost Biotechnology | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Vertex, Inc. | Chief Financial Officer | Former |
| Vertex Pharmaceuticals Incorporated | Senior Vice President | Former |
| Vertex, Inc. | Senior Vice President | Former |
| Vertex, Inc. | Vice President | Former |
| Life Science!, Inc | Partner | Former |
| Ernst & Young | partner | Former |
| Manchester Metropolitan University | B.A. with honors in accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Trellis Bioscience, Inc | Founder of Easton Capital Investment Group | Current |
| Easton Capital Investment Group | Founder | Current |
| Genetix Pharmaceuticals, Inc | Managing Partner of Easton Capital Investment Group | Current |
| Easton Capital Investment Group | Managing Partner, New York Office | Current |
| Iga Worldwide, Inc. | Managing Partner, Easton Capital | Current |
| YM BioSciences Inc. | Managing Partner, Easton Hunt Capital Partners | Current |
| Presidents Council | Co-Chairman | Current |
| Iga Worldwide, Inc. | Board of Directors | Current |
| The New York City Police Foundation | Board of Directors | Current |
| New Museum of Contemporary Art | Board of Directors | Current |
| Neighborhood Coalition for Shelter, Inc. | Board of Directors | Current |
| Genetix Pharmaceuticals, Inc | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Trellis Bioscience, Inc | Board of Directors | Current |
| Assistive Technology, Inc. | Board of Directors | Current |
| Cardiovascular Systems Inc. | Director | Current |
| Xoft, Inc. | Board of Directors | Current |
| Easton Capital Investment Group | Board of Directors | Current |
| Comverse Technology, Inc. | Board Member | Current |
| Conor Medsystems, Inc. | Board Member | Current |
| Playspan Inc. | Board of Directors | Current |
| Axys Pharmaceuticals | Chief Executive Officer | Former |
| Cold Spring Harbor Laboratory | President's Council | Former |
| E.M. Warburg Pincus & Co. | Managing Director | Former |
| Easton Capital Investment Group | Owner | Current |
| Axys Pharmaceuticals | Chairman | Former |
| Axys Pharmaceuticals | Director | Former |
| YM BioSciences Inc. | Board of Directors | Current |
| U.S. Healthcare, Inc. | Investor | Former |
| Tweed's, Inc. | Investor | Former |
| Yale Law School | Jd Degree | Former |
| Yale College | BA Degree | Former |
| Yale University | B.A. | Former |
| State University of New York at Buffalo | B.A. In History | Former |
| Renovis, Inc. | member | Former |
| Comverse Technology, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Angiox | President and Chief Operating Officer | Current |
| The Medicines Company | President and Chief Operating Officer | Current |
| The Medicines Company | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Sanofi-Aventis | Senior Vice President, Global Marketing | Former |
| Sanofi-Aventis | Senior Vice President, Global Marketing and Medical | Former |
| Sanofi-Aventis | Commercial Director | Former |
| Sanofi-Aventis | Head of Strategic Development | Former |
| Rockhurst University | M.B.A. | Former |
| Wilkes University | B.A. | Former |
Mr. Randall has served as our Director since September 4, 2007. Mr. Randall is an independent financial consultant and previously was Senior Vice President and Chief Financial Officer of Eximias Pharmaceutical Corporation, a development-stage drug development company, from 2004 to 2006. From 2002 to 2004, Mr. Randall served as Senior Vice President and Chief Financial Officer of i-STAT Corporation, a publicly-traded manufacturer of medical diagnostic devices that was acquired by Abbott Laboratories in 2004. From 1995 to 2001, Mr. Randall was Vice President and Chief Financial Officer of CFM Technologies, Inc., a publicly-traded manufacturer of semiconductor manufacturing equipment. Mr. Randall currently serves on the boards of directors of Point 5 Technologies, Inc., Rapid Micro Biosystems, Inc., Acorda Therapeutics, Inc. and Opexa Therapeutics, Inc. Mr. Randall received a B.S. in accounting from The Pennsylvania State University and an M.B.A. from Northeastern University.
| Organization | Position | Status |
|---|---|---|
| Athersys, Inc. | Board of Directors | Current |
| LP Technologies | Board of Directors | Current |
| Opexa Therapeutics, Inc. | Board of Directors | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Eximias Pharmaceutical Corporation | Chief Financial Officer | Former |
| Cfm Technologies, Inc. | Chief Financial Officer | Former |
| Eximias Pharmaceutical Corporation | Senior Vice President | Former |
| Cfm Technologies, Inc. | Vice President | Former |
| Quadsystems | Board of Directors | Former |
| Northeastern University | M.B.A. | Former |
| The Pennsylvania State University | B.S. In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Intermixx.Com, Inc. | Chief Financial Officer and Director | Current |
| Tacoda Systems, Inc. | Tacoda's Chief Financial Officer | Current |
| Mayfair Securities, LLC | Current | |
| Acorda Therapeutics, Inc. | Director | Current |
| Lifewire, Inc. | Chief Executive Officer | Former |
| Acorda Therapeutics, Inc. | Chief Financial Officer | Former |
| Dillon Read | Vice President, Private Transactions | Former |
| Merrill Lynch & Co., Inc. | Vice President, Corporate Finance | Former |
| Cando | Chairman | Former |
| University of Chicago Graduate School of Business | M.B.A. | Former |
| University of Chicago | M.B.A. | Former |
| Columbia University | masters degree in engineering | Former |
| University of Exeter | undergraduate degree in engineering | Former |
Michael Steinmetz, PhD, has been Managing Director of Clarus Ventures since the firm's inception in 2005. He has over 24 years of direct industry and investment experience within the healthcare sector, including being a General Partner in a healthcare venture capital firm since 1997. From 1986 to 1997, Dr. Steinmetz was an executive at Hoffmann-LaRoche where he held various positions including Vice President of Preclinical Research and Development, and Global Head of Biotechnology. Dr. Steinmetz obtained his Ph.D. summa cum laude from the University of Munich and held positions at the California Institute of Technology and the Basel Institute for Immunology. Dr. Steinmetz represents Clarus Ventures on the Board of Directors of ESBATech and Oxford Immunotec. In addition he is a member of the Board of Directors of Amphora, Biovitrum (STO:BVT), BioXell (SWX: BXLN), CGI Pharmaceuticals, ISB Accelerator, Macrogenics, Taigen ,and VLST Corp.
| Organization | Position | Status |
|---|---|---|
| Clarus Ventures, LLC | Managing Director | Current |
| Bioxell | Co-Founder | Current |
| MPM Capital Limited Partnership | Affiliate General Partner | Current |
| Vlst Corp | Affiliate General Partner, Mpm Capital | Current |
| Homestead Clinical Corporation | Board of Directors | Current |
| Heptares Therapeutics | Director | Current |
| Intracel Corporation | Director | Current |
| CGI Pharmaceuticals, Inc. | Board of Directors | Current |
| Allozyne, Inc. | Board of Directors | Current |
| Oxford Immunotec Ltd. | Board of Directors | Current |
| Bioxell | Board of Directors | Current |
| Cellular Genomics | Director | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Biovitrum | Director | Current |
| Vlst Corp | Board of Directors | Current |
| Clarus Ventures, LLC | Board of Directors | Current |
| Macrogenics, Inc. | Director | Current |
| Hoffmann-La Roche Inc. | Executive | Former |
| Hoffmann, Inc. | Executive | Former |
| Roche | Former | |
| Pharmacia Corporation | Former | |
| Pfizer Inc. | Former | |
| Incyte Corporation | Former | |
| Accelerator Corporation | Chairman | Former |
| Amphora Discovery Corporation | Director | Former |
| University of Munich | Ph.D. | Former |
| University Corp. | Ph.D. | Former |
| University of Hamburg | degree in chemistry | Former |
Sandra Panem joined Cross Atlantic Partners in 2000 as a Managing Partner. Previously, she was President of Vector Fund Management, where she was responsible for the start-up, capital raising, and management of the asset management affiliate of Vector Securities International. Operations included the management of the Vector Later-Stage Equity Fund, L.P., and Vector Later-Stage Equity Fund II, L.P., private partnerships committing $240 million to equity investments in the emerging life science and healthcare industries. Prior to joining Vector, Dr. Panem served as Vice President and Portfolio Manager for the Oppenheimer Global BioTech Fund, a $200 million mutual fund that invested in public and private biotechnology companies. Prior to Oppenheimer, Dr. Panem was Vice President at Salomon Brothers, Inc. where she acted as a member of Salomon Brothers Venture Capital, a $40 million fund focused on early and later-stage life science and technology investments. Dr. Panem was also an Assistant Professor at the University of Chicago and a Fellow at the Brookings Institution, and is the author of several books and papers concerning the commercialization of new medical technologies. Currently, she holds directorships in Acorda Therapeutics, Labcyte, and GenomeQuest. She is a director of the New York Biotechnology Association. She received a B.S. Degree in Biochemistry ('66) and a Ph.D. in Microbiology ('70) from the University of Chicago.
| Organization | Position | Status |
|---|---|---|
| Cross Atlantic Partners | Managing Partner | Current |
| New York Academy of Sciences | Governor | Current |
| Airlogix Corporation | Current | |
| Martek Biosciences Corporation | Board of Directors | Current |
| Intermixx.Com, Inc. | Board of Directors | Current |
| Society for Women's Health Research | Treasurer | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| The Isis Fund | Treasurer | Current |
| Genomequest, Inc. | Board of Directors | Current |
| Bioject Medical Technologies Inc. | Board of Directors | Current |
| Confluent Surgical, Inc. | Board of Directors | Current |
| Labcyte, Inc. | Director | Current |
| Vector Fund Management | President | Former |
| Salomon Brothers | Vice President | Former |
| Salomon Brothers, Inc. | Vice President | Former |
| Salomon Brothers Inc. | Vice President | Former |
| The Brookings Institution | Fellow | Former |
| University of Chicago | Professor | Former |
| Vector Corporation | Former | |
| University of Chicago | Ph.D. In Microbiology | Former |
| University of Chicago | B.S. Degree In Biochemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Ambit Biosciences Corporation | Board of Directors | Current |
| Tandem Medical, Inc. | Director | Current |
| Sanarus Medical, Inc. | Director | Current |
| Ambit Corporation | Director | Current |
| Nereus, Inc. | Director | Current |
| Kemia, Inc. | Director | Current |
| Ambit Biosciences Corporation | Managing Member, Forward Ventures | Current |
| Triangle Pharmaceuticals, Inc. | CEO | Former |
| Triangle Pharmaceuticals, Inc. | President | Former |
| Forward Ventures | Co-Founder | Former |
| Forward Ventures | Owner | Former |
| GSK Biologicals Seattle | Former | |
| CombiChem, Inc. | Former | |
| Ciphergen Biosystems, Inc. | Former | |
| Gilead Sciences, Inc. | Former | |
| Triangle Pharmaceuticals, Inc. | Director | Current |
| UCLA Anderson School of Management | M.B.A. | Former |
| Amherst College | B.A. | Former |
Steven M. Rauscher, CEO , Oscient Pharmaceuticals, has been a Director for TDI since September 2000. After 7 years of service as an outside board of director and President of Genome Therapeutics he assumed the CEO role, morphing GTC into Oscient Pharmaceuticals. Prior to GTC, Mr. Rauscher was most recently CEO of AmericasDoctor, a company formed from the merger of Affiliated Research Centers, Inc. and AmericasDoctor.com. The company provides clinical research and marketing services to the pharmaceutical industry. During his tenure at AmericasDoctor, company revenues grew from $500,000 to more than $56 million, and the company today has nearly 300 employees. Previously, Mr. Rauscher spent over 15 years with Abbott Laboratories serving in a variety of progressive leadership positions, including Vice President for Corporate Licensing; Vice President of Business Development, Abbott International; Vice President of Sales U.S., Pharmaceutical Products; Director of Strategic Planning, Pharmaceutical Products; and General Manager, Abbott West Indies. Mr. Rauscher holds a MBA from University of Chicago.
| Organization | Position | Status |
|---|---|---|
| Oscient Pharmaceuticals Corp. | CEO | Current |
| Acorda Therapeutics, Inc. | Board of Directors | Current |
| Target Discovery, Inc. | Director | Current |
| Oscient Pharmaceuticals Corp. | Board of Directors | Current |
| Americasdoctor | CEO | Former |
| Abbott Laboratories | Vice President | Former |
| Americasdoctor | Director | Former |
| University of Chicago | MBA | Former |
| Indiana University | B.S. | Former |
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