BNET Industries

Market Cap:$264.2M
Last Fiscal Year Sales:$229.2M
  • Public
  • US
Dow Jones Description

Founded in 1991 as Albany Molecular Research, Inc., AMRI (NASDAQ: AMRI) provides scientific services, products and technologies focused on improving the quality of life. The company has steadily evolved, with global facilities now in the United States, Europe and Asia. Its 1,200+ employees have the experience and commitment necessary to provide customers with a wide range of services, technologies and cost models. AMRI performs services including drug discovery, pharmaceutical development, and manufacturing of active ingredients and pharmaceutical intermediates for many of the world's leading healthcare companies.

CFO, Treasurer & Senior Vice President, Admin
Mark T. Frost
Number of Employees 1,357
Contact Information

21 Corporate Cir

Albany, New York 12203-5154

amriglobal.com

(518) 464-0279

NAICS Code : 541710

Recent Events

  • AMRI Announces Third Quarter 2009 Results

    11/09/09 - Joint Venture / Alliance - View Story

  • Albany Molecular Research AMRI Posts Q3 Loss of $0.02, Tops by 2c; Guides

    11/09/09 - Financial Announcement - View Story

  • Dr Reddys Lab embroiled in patent infringement row with AMRI

    9/16/09 - Lawsuit Filed - View Story

  • AMRI files new patent lawsuits against Dr Reddy's and Sandoz

    9/16/09 - Lawsuit Filed - View Story

  • Albany Molecular Files Patent Infringement Lawsuits Against Dr. Reddy's In U.S. District Court - Quick...

    9/15/09 - Lawsuit Filed - View Story

  • Albany Molecular reports 2nd-Q profit drop

    8/05/09 - Financial Announcement - View Story

News & Analysis

albany molecular research inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark T. Frost CFO, Treasurer & Senior Vice President, Admin
Michael Trova Senior Vice President, Chemistry
Steve Jennings Senior Vice President, Sales & Marketing & Business Dev
Brian Russell Vice President, Human Resources
Bruce Sargent Vice President, Discovery Research and Development
Eric Smart Vice President, Business Development
Harold Meckler Vice President, Science & Technology
Johnathan D Evans Vice President Pharma Dev & Manu
Michael Ironside Vice President Cgmp and Chemical Development
Steven R. Hagen Vice President, Quality and Analytical Services
Chet Opalka Co-Founder
Mr Chester Opalka Founder
Thomas E. D'Ambra Co-Founder
Bruce Molino Senior Director
David K. Albert Director, Comm
Gergely Makara Director, Chemistry, European Operations
Grant Carr Director
Junan Guo Senior Director, Analytical & Quality Services
Paul Vogt Director, Manufacturing
P. Curtis Schenck Manager, Ir
Anthony P. Tartaglia Director
Donald E. Kuhla Director
Frank Haydu Director

Board of Directors

Name (plus bio) Position
Arthur J. Roth Chair, Member
Kevin O'Connor Member, Chair
Paul S. Anderson Member, Chair
Veronica G.H. Jordan Member, Chair
Kevin O Connor Board of Directors
Una S. Ryan Board of Directors

Mark T. Frost is AMRI’s Senior Vice President, Administration and Chief Financial Officer. Prior to joining AMRI in December 2004, he was vice president of finance for Smith & Nephew Endoscopy, a global medical device division of S&N PLC, where he oversaw all financial aspects of the business. Prior to Smith & Nephew, he spent 14 years in progressively responsible positions at General Electric Company, culminating in his appointment as chief financial officer of GE Capital's Groupe Sovac Auto Financial Services in Paris, France. Prior to becoming CFO, Mark had been director of financial planning and analysis. Earlier, he was deputy managing director and chief financial officer of GE Capital's joint venture in Thailand. Mark also has held positions within GE Medical, GE's Corporate Audit Staff, and he completed GE's Financial Management Program. He received a B.A. with honors in International Relations/Economics from Colgate University, and conducted graduate coursework at INSEAD.

Organization Position Status
Albany Molecular Research, Inc. CFO, Treasurer & Senior Vice President, Admin Current
Albany Molecular Research, Inc. Board of Directors Current
General Electric Capital Corporation Deputy Managing Director Former
General Electric Capital Corporation Director of Financial Planning and Analysis Former
Colgate University B.A. Degree In International Relations, Economics Former

Dr. Trova received undergraduate training at Rensselaer Polytechnic Institute (B.S. 1983) followed by a doctorate in organic chemistry from the Ohio State University in 1987. After two years of postdoctoral research at the Massachusetts Institute of Technology, he became a staff scientist in the medicinal chemistry department of the Medical Research Division of the American Cyanamid Company, where he contributed to Cyanamid's discovery efforts in the anti-inflammatory, antiviral, and anti-cancer programs. Dr. Trova was recruited in August 1995 to Albany Molecular Research, Inc. as Assistant Director of Medicinal Chemistry. Dr. Trova was responsible for directing the research efforts of a group of medicinal chemists (4-8 scientists/technicians) who were involved with a number of projects. Dr. Trova was promoted in August 1996 to Director of Chemistry, Medicinal Chemistry with significantly increased responsibilities (20-25 scientists/technicians). In March of 1998, he was promoted to Vice President, Medicinal Chemistry and then in August 2000, another promotion led him to Senior Vice President. Projects of current interest under his direction are in the areas of cardiovascular diseases, inflammation, diabetes, CNS disorders, oncology, and ocular disorders. Areas of research interest to Dr. Trova include asymmetric synthesis, heterocycles, medicinal chemistry, and natural product synthesis. His current responsibilities include management of the Discovery Services of AMRI in the United States, Hungary and Singapore. A member of the American Chemical Society since 1982, Dr. Trova is a member of the Organic and Medicinal Chemistry divisions within the ACS. He is also a member of the American Association for the Advancement of Science, the New York Academy of Sciences, and the American Peptide Society.

Organization Position Status
Albany Molecular Research, Inc. Senior Vice President, Chemistry Current

Organization Position Status
Albany Molecular Research, Inc. Senior Vice President, Sales & Marketing & Business Dev Current
Cyberonics, Inc. Former
Keller Graduate School of Management Masters of Business Administration Former
Middle Tennessee State University Former

Organization Position Status
Albany Molecular Research, Inc. Vice President, Human Resources Current
Amri Incorporated Current
Albany Molecular Research, Inc. Senior Director, HR Former
Snap-on Incorporated Director of Human Resources Former
St Francis University Master's Degree In Industrial and Labor Relations Former
Providence College B.S. In Business Administration Former

Organization Position Status
Albany Molecular Research, Inc. Vice President, Discovery Research and Development Current
Albany Molecular Research, Inc. Director of Medicinal Chemistry Current
American Chemical Society Board of Directors Current
Amri Incorporated Director of Medicinal Chemistry Former
University of Manchester Ph.D. Former
University of Cambridge M.A. Degrees Former
University of Manchester B.A. Former
University of Cambridge B.A. Former

Organization Position Status
Albany Molecular Research, Inc. Vice President, Business Development Current

Harold Meckler discovered the fun and enjoyment of synthetic organic chemistry while conducting undergraduate research in the laboratory of Professor Wilkins Reeves at the University of Maryland, College Park. Upon graduation, he moved to the laboratories of Professor Joseph Tufariello at the State University of New York at Buffalo, where he earned a Ph.D. in 1983. His thesis described the nitrone based syntheses of Anatoxin-a and Loline. Migrating 250 miles east to join the chemical development group of Sterling Winthrop (Rensselaer, New York), he worked on process modifications for the preparation of pentazocine (Talwin®). There, he examined the use of LiKOR (Schloesser) bases, amine boranes and modified sodium borohydride reducing agents for applications amenable to chemical production. In 1984, he moved to the chemical development group of CIBA-Geigy, where he focused on the process development, pilot plant scale up and cGMP production of a wide variety of compounds: aromatase inhibitors, adenosine antagonists, 5-lipoxygenase inhibitors, LTB4 inhibitors and ACE inhibitors. In addition, his lab groups were responsible for the production support of Forhistal®, Ismelin®, Anafranil®, Anturane®, Lioresal® and Lopressor®. In conjunction with these cGMP production activities, he was part of the two person team that wrote the Validation Guidelines for Bulk Pharmaceutical Chemicals for the CIBA-Geigy Pharmaceuticals Division. In 1994, he joined Telor Ophthalmic Pharmaceuticals to build its organic chemistry department. There, he designed the research and cGMP production labs, developed and implemented the synthesis of ethacrynic acid. Working with the analytical, QC and formulations groups, he developed and validated the Xarano® production procedures. In 1995, he joined Albany Molecular Research to head up the chemical development and GMP production groups. Since then, he has assumed broader responsibility as vice president, science and technology. He has received multiple patents as well as over fifteen publications.

Organization Position Status
Albany Molecular Research, Inc. Vice President, Science & Technology Current

Organization Position Status
Albany Molecular Research, Inc. Vice President Pharma Dev & Manu Current

Organization Position Status
Albany Molecular Research, Inc. Vice President Cgmp and Chemical Development Current
Albany Molecular Research, Inc. Senior Director Former

Dr. Hagen is responsible for all Analytical Chemistry, Quality Assurance and Regulatory Affairs for all AMRI locations. He also oversees AMRI’s Chemical Development, Small Scale cGMP Manufacturing, and Large Scale Commercial Manufacturing business components, including operations in Albany/Rensselaer and Syracuse, New York; Hyderabad, India; as well as AMRI’s Large Scale Manufacturing operations in Rensselaer, New York and Aurangabad, India. Prior to this role, Dr. Hagen was Senior Director of Analytical Quality Services, where he supervised AMRI's analytical chemistry team, which measures the chemical purity and physical properties of drugs as they move through the drug development and manufacturing process. He joined AMRI in 2005 from his previous position as Director of Analytical Research and Development at Pfizer's Global Research and Development Division in Kalamazoo, Michigan. He began his tenure at Pfizer in 1994 as a Research Scientist. Prior to Pfizer, he was an Analytical Biochemist with Ribi ImmunoChem Research, Inc. Dr. Hagen received a B.A. in Biology from Lawrence University, as well as a Master's degree in Botany and a Ph.D. in Biochemistry, both from the University of Idaho.

Organization Position Status
Albany Molecular Research, Inc. Vice President, Quality and Analytical Services Current
Amri Incorporated Former
University of Idaho Ph.D. In Biochemistry Former
University of Idaho Master's Degree In Botany Former
Lawrence University B.A. In Biology Former

Organization Position Status
Albany Molecular Research, Inc. Co-Founder Current
Glenmont Partners, LLC Board of Directors Current
Amri Incorporated Founder Former
Sterling Drug Former

Mr. Chester Opalka has been a director since 2003. Mr. Opalka is a co-founder of Albany Molecular Research, Inc. (AMRI), a drug discovery and development company focused on applications for the pharmaceutical, biotechnology and life sciences industries. Founded in 1991, AMRI is based in Albany, NY and employs over 800 people at sites in and around Albany and Syracuse NY and Seattle WA. Mr. Opalka retired from the daily operations of AMRI in September 2000 and retired from the AMRI board of directors in May 2002. Prior to founding AMRI, Mr. Opalka worked for Sterling Drug Inc. in various capacities in the Medicinal Chemistry and Chemical Development Departments since 1970. He has been named as inventor or co-inventor in nearly 30 patents, co-authored several scientific publications relating to his accomplishments in the field of pharmaceutical chemistry, including an invention that led to the marketed product, Inocor, a drug used to treat congestive heart failure. Mr. Opalka is a private investor and advises several start-up companies. He received his BS in Chemistry from Niagara University.

Organization Position Status
Albany Molecular Research, Inc. Founder Current
Sterling Drug Private Investor Current
Evident Technologies, Inc. Director Current
Amri Incorporated Board of Directors Former
Niagara University Bs In Chemistry Former

Thomas E. D'Ambra co-founded AMRI in 1991 and is chairman of the board, president and CEO. Previously, he was vice president, chemistry and co-founder of Coromed, Inc., as well as group leader and senior research chemist with Sterling Winthrop, Inc. He holds a Ph.D. from MIT.

Organization Position Status
Albany Molecular Research, Inc. Co-Founder Current
Fluorous Technologies, Inc. Director Current
Albany Molecular Research, Inc. Chairman of the Board of Directors, Chief Executive Officer and President Former
Amri Incorporated Co-Founder Former
Massachusetts Institute of Technology doctorate degree in Organic Chemistry Former
College of the Holy Cross B.A. Degree In Chemistry Former

Organization Position Status
Albany Molecular Research, Inc. Senior Director Current

Organization Position Status
Albany Molecular Research, Inc. Director, Comm Current

Organization Position Status
Albany Molecular Research, Inc. Director, Chemistry, European Operations Current

Organization Position Status
Albany Molecular Research, Inc. Director Current
Albany Molecular Research, Inc. Director Former

Prior to joining AMRI, Dr. Guo was director, analytical development at Patheon. There, he managed a scientific staff of about 170 individuals at multiple locations responsible for supporting contract dosage form development and manufacturing services. He began his tenure at Patheon in 1999 in the role of supervisor, analytical development. Prior to Patheon, he worked at Genpharm, Inc. in Toronto, Canada in the areas of analytical R&D and technology transfer. Dr. Guo earned a Ph.D. in physical organic chemistry from The University of Western Ontario. He also holds a master’s degree in medicinal chemistry from the Chinese Academy of Medical Sciences in Beijing, and a bachelor’s degree in chemistry from Beijing Normal University.

Organization Position Status
Albany Molecular Research, Inc. Senior Director, Analytical & Quality Services Current

Organization Position Status
Albany Molecular Research, Inc. Director, Manufacturing Current

Organization Position Status
Albany Molecular Research, Inc. Manager, Ir Current

Organization Position Status
Hodgson Russ LLP Current
Albany Molecular Research, Inc. Chair, Member Current
First Albany Companies Inc. Board of Directors Current
Albany Molecular Research, Inc. Director Current
Cooper's Inc. Senior Consulting Director Former
PricewaterhouseCoopers Senior Consulting Director Former
Coopers & Lybrand, L.L.P. Certified Public Accountant Former
Co-Operations Inc Deputy Commissioner Former
Syracuse University B.A. Degree Former

Organization Position Status
Tech Valley Communications CEO Current
Albany Molecular Research, Inc. Member, Chair Current
Tech Valley Communications Board of Directors Current
Tech Valley Communications Co-Founder Former
Tech Valley Former
State University of New York at Brockport M.P.A. Former

Paul S. Anderson, a director since 2002, is former vice president at Bristol-Myers Squibb. Previously, he was VP for chemistry at Merck's West Point, PA facility, and senior VP for DuPont Pharmaceuticals. He has been involved in research leading to Zocor, Trusopt, Aggrastat, Crixivan and Sustiva. He has a Ph.D. from the University of New Hampshire.

Organization Position Status
Albany Molecular Research, Inc. Member, Chair Current
Chemical Heritage Foundation Board of Directors Current
MDS Inc. Board of Directors Current
Albany Molecular Research, Inc. Director Current
Gordon Research Conferences Board of Directors Current
Amira Pharmaceuticals Inc Board of Directors Current
ACADIA Pharmaceuticals Inc. Board of Directors Current
Kemia, Inc. Board of Directors Current
Centrose LLC Board of Directors Current
Chemical Heritage Foundation Member Current
New York Academy of Sciences Fellow Current
American Chemical Society President Former
Physical Sciences Inc. Senior Vice President Former
Drug Discovery Vice President Former
Bristol-Myers Squibb Company Vice President of Drug Discovery Former
Bristol-Myers Squibb Company Site Head Former
American Chemical Society Chairman Former
University of New Hampshire Ph.D. Degree In Organic Chemistry Former
University of Vermont B.S. Degree In Chemistry Former

Veronica G. H. Jordan, a director since 2006, most recently was CEO and president of Medelle Corporation. Previously, she was S.V.P. at Parexel International Corp. and director of marketing and business development at Biogen. She began her industry career at Baxter International, and holds a B.Sc. from Cambridge University and a Ph.D. from Oxford University.

Organization Position Status
Albany Molecular Research, Inc. Member, Chair Current
Albany Molecular Research, Inc. Board of Directors Current
PAREXEL International Corporation S.V.P. Former
Biogen, Inc. Director of Marketing and Business Development Former
University of Oxford Ph.D. In Biochemistry, Cell Biology Former
Cambridge University B.Sc. In Biochemistry Former
University of Oxford B.Sc. Former

Anthony P. Tartaglia, a director since 1995, was dean of Albany Medical College. Previously, he was executive director of the Albany Medical Center Hospital, senior vice president for patient care at Albany Medical Center, and chief of medicine at St. Peter's Hospital in Albany. He holds an M.D. from the University of Rochester.

Organization Position Status
Albany Molecular Research, Inc. Director Current
St. Peter's Hospital Chief of Medicine Former
Albany Medical Center Executive Director Former
Albany Medical College Dean Former
University of Rochester School of Medicine & Dentistry M.D. Former
Union College B.S. Degree In Biology Former

Dr. Kuhla has served as a director since 1991. From 1998 through January 2004, Dr. Kuhla was president and chief operating officer of Albany Molecular Research, Inc., a chemical contract research organization, which Dr. Kuhla continues to serve as a director. From 1994 through 1998 Dr. Kuhla was vice president of Plexus Ventures, Inc., a business consulting firm. From 1990 to 1994, Dr. Kuhla held senior management positions with two venture capital-backed, biotechnology startup companies. His early career was spent in research and development and operations management positions with Pfizer Inc. and Rorer Group, Inc., his last position at Rorer being senior vice president of operations. Dr. Kuhla is a director of Synthetech Inc., a pharmaceutical fine chemical company. Dr. Kuhla received a Ph.D. degree in Organic Chemistry from Ohio State University.

Organization Position Status
NPS Pharmaceuticals, Inc. Chair Current
Synthetech, Inc. Board of Directors Current
Albany Molecular Research, Inc. Director Current
Albany Molecular Research, Inc. President Former
Enzymatics Chief Operating Officer Former
Albany Molecular Research, Inc. Chief Operating Officer Former
Plexus Ventures LLC Vice President Former
Pfizer Inc. Former
NPS Pharmaceuticals, Inc. Director Former
The Ohio State University Ph.D. Degree In Organic Chemistry Former

Organization Position Status
Moldflow Corporation Corporate Director Current
Global Life Science Ventures AG Director, Chairman of the Audit Committee Current
CombinatoRx, Incorporated Director, Chairman of the Audit Committee Current
Foundation Medical Partners L.P. Director, Chairman of the Audit Committee Current
Charley's Fund, Inc. Director, Chairman of the Audit Committee Current
Iparty Retail Stores Corp Chairman Current
Source Mdx Executive Chairman Current
Moldflow Corporation Chairman Current
iParty Corp. Board of Directors Current
Albany Molecular Research, Inc. Director Current
Kidder, Peabody & Co. Managing Director Former
Education, Inc. Interim Commissioner Former
Iparty Retail Stores Corp Director Current
Muhlenberg College B.A. In Economics Former
Foundation Medical Partners L.P. Member Former
Moldflow Corporation Director Former

Organization Position Status
Albany Molecular Research, Inc. Board of Directors Current

Organization Position Status
Avant LLC Chief Executive Officer Current
Celldex Therapeutics, Inc. President and Chief Executive Officer Current
Iquum, Inc. President and CEO of Avant Immunotherapeutics Current
Boston University School of Medicine Research Professor of Medicine Current
Massachusetts Biotechnology Council Board of Directors Current
The Convergence Guide Board of Directors Current
Nehi Board of Directors Current
Celldex Therapeutics, Inc. Board of Directors Current
Avant LLC Director Current
The Convergence Forum Board of Directors Current
Biotechnology Industry Organization Board of Directors Current
Iquum, Inc. Board of Directors Current
Genocea Board of Directors Current
Visitors Board of Directors Current
Albany Molecular Research, Inc. Board of Directors Current
Whitehead Institute for Biomedical Research Member of the Board Current
CELLDEX THERAPEUTICS, INC. CEO Current
CELLDEX THERAPEUTICS, INC. Chief Operating Officer Former
Avant LLC Chief Scientific Officer Former
Avant LLC Vice President of Research Former
Monsanto Company Director of Health Sciences Former
Washington University School of Medicine Research Professor of Surgery, Medicine and Cell Biology Former
Washington University Research Professor of Surgery, Medicine and Cell Biology Former
CELLDEX THERAPEUTICS, INC. Board of Directors Former
Cambridge University Ph.D. In Cellular and Molecular Biology Former
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     AMRI $8.35 +0.05 (0.60% )
Average Volume 100,862
Shares Outstanding 31.64M
Market Cap 264.2M
Year High 12.56
Year Low 7.31
Earnings Per Share 0.19
P/E Ratio 43.95
Dividend N/A
Yield N/A
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