BNET Industries

Last Fiscal Year Sales:$2.1M
  • Public
  • US
Dow Jones Description

We are a biopharmaceutical company focused on the development and commercialization of oral and injectable protein therapeutics using our proprietary protein crystallization technology, which we believe will have significant advantages over existing products and will address unmet medical needs. Our lead product candidate is ALTU-238, a long-acting, crystallized formulation of recombinant human growth hormone, for which we have completed a Phase II clinical trial in adults for growth hormone deficiency and have begun a Phase II clinical trial for growth hormone deficiency in pediatric patients. Our next most advanced product candidate is ALTU-237, for which we have completed a Phase I clinical trial for the treatment of hyperoxalurias. We also have a pipeline of other product candidates in preclinical research and development which are currently on hold until such time, if any, that we are able to obtain additional financing. On January 26, 2009, we announced a strategic realignment to focus on the advancement ALTU-238. To conserve capital resources, we have discontinued our activities in support of Trizytek TM [liprotamase], an enzyme replacement therapy for patients suffering from malabsorption due to exocrine pancreatic insufficiency. In connection with the realignment, we implemented a workforce reduction of approximately 70%, primarily in functions related to the Trizytek program as well as certain general and administrative positions. ...

Chief Executive Officer
Georges Gemayel
Number of Employees 145
Contact Information

640 Memorial Dr

Cambridge, Massachusetts 02139-4807

altus.com

(617) 299-2900

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Altus Pharmaceuticals Inc. ALTU Files for Chapter 7 Bankruptcy

    11/12/09 - Bankruptcy Filings - View Story

  • BUYINS.NET: 51.39% Of All NASDAQ Trading Thursday Was Short Selling. NLTX, ASGR, VIMC, NGBF, ALTU,...

    10/09/09 - Joint Venture / Alliance - View Story

  • Altus Pharmaceuticals Reports Second Quarter 2009 Financial Results

    8/04/09 - Financial Announcement - View Story

News & Analysis

altus pharmaceuticals inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Georges Gemayel Chief Executive Officer
Alexey L. Margolin Senior Vice President, Research and Pre-Clinical Development, Chief Scientific Officer
Burkhard Blank Executive Vice President & Chief Medical Officer
Jonathan I. Lieber Senior Vice President, Chief Financial Officer and Treasurer
Renato Fuchs Senior Vice President, Manufacturing and Technical Operations
Jill Porter Vice President, Process Development & Engineering
John M Sorvillo Vice President, Business Development
Kenneth Attie Vice President, Clinical Development and Medical Affairs
Phil Gotwals Vice President, Program Mgmt
Philip Gotwals Vice President, Program Management
Robert Gallotto Vice President, Strategic Planning
Tom Phair Vice President, Finance and Treasurer (Duly Authorized Officer)
Richard H. Aldrich Founder
John Jordan Senior Director, Corporate Communications
Gerhard F Klement
Jonathan Leff Warburg Director
Rose Villandry Director

Board of Directors

Name (plus bio) Position
David D. Pendergast Chairman
John P. Richard Chairman
Dr Manuel Navia Board of Directors
Harry H. Penner Jr. Board of Directors
Jonathan D. Root Board of Directors
Michael S. Wyzga Board of Directors
Sheldon Berkle Board of Directors

Dr. Gemayel was appointed President and Chief Executive Officer and to the Company’s Board of Directors, effective June 2, 2008. Dr. Gemayel joins Altus Pharmaceuticals from Genzyme Corporation where he was Executive Vice President and a corporate officer. Dr. Gemayel joined Genzyme in 2003. He was responsible for the company’s therapeutics, transplant, renal and biosurgery businesses. Before he joined Genzyme, Dr. Gemayel worked for the health care company Hoffman-LaRoche for 16 years. There he served as Vice President of the U.S. Specialty Care Business with responsibilities for oncology, transplantation, hepatitis, HIV and dermatology. He also was the general manager of Hoffman-LaRoche, Portugal. Dr. Gemayel completed his doctorate in pharmacy at St. Joseph University in Beirut and earned a Ph.D. in pharmacology at Paris-Sud University.

Organization Position Status
Altus Pharmaceuticals Inc. Chief Executive Officer Current
Altus Pharmaceuticals Inc. President Current
Genzyme Biosurgery Executive Vice President Current
Adolor Corporation Board of Directors Current
Altus Pharmaceuticals Inc. Board of Directors Current
Phillystocks.Com Director Current
Genzyme Corporation Executive Vice President Former
St. Joseph University Doctorate In Pharmacy Former

Alexey L. Margolin, Ph.D. has served as our Senior Vice President, Research and Pre-clinical Development since June 2006. He has served as our Chief Scientific Officer since August 2004. He served as our Vice President of Science from 1996 to 2004 and as our Director of Research from 1993 to 1996. Prior to joining us, Dr. Margolin was responsible for biocatalysis activities on a global basis at Merrell Dow Research Institute. From 1986 to 1988, he worked at the Massachusetts Institute of Technology on enzyme-catalyzed processes. In 2003, Dr. Margolin was elected a fellow of the American Institute of Medicine and Biological Engineering. Dr. Margolin received his M.S. in chemistry and Ph.D. in bioorganic chemistry from Moscow University.

Organization Position Status
Altus Co Chief Scientific Officer Current
Altus Pharmaceuticals Inc. Senior Vice President, Research and Pre-Clinical Development, Chief Scientific Officer Current
Altus Co Senior Vice President, Research Former
Moscow University Ph.D. In Bioorganic Chemistry Former
Moscow University M.S. In Chemistry Former

Organization Position Status
Altus Pharmaceuticals Inc. Executive Vice President & Chief Medical Officer Current
Altus Co Current
Regulatory Affairs Senior Vice President of Medicine Former
Altus Pharmaceuticals Inc. Senior Vice President of Medicine Former
Project Management Senior Vice President of Medicine Former

Organization Position Status
Altus Pharmaceuticals Inc. Senior Vice President, Chief Financial Officer and Treasurer Current
Altus Co Vice President, Chief Financial Officer and Treasurer Current
Altus Pharmaceuticals Inc. Manager Former
Sg Cowen & Co., LLC Former
New York University M.B.A. In Finance from the Stern School Former
Boston University B.Sc. In Business Administration Former
Boston University Business Administration Former

Organization Position Status
Altus Pharmaceuticals Inc. Senior Vice President, Manufacturing and Technical Operations Current
Auxilium Pharmaceuticals, Inc. Board of Directors Current
Schering-Plough Corporation Former

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Process Development & Engineering Current

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Business Development Current
Altus Co Vice President of Business Development Current
Bionaut Pharmaceuticals Inc. Chief Executive Officer Former
ArQule, Inc. Chief Business Officer Former
ArQule, Inc. Vice President of Business Development Former
Memorial Sloan-Kettering Cancer Center Inc. Postdoctoral Fellow Former
OSI Pharmaceuticals, Inc. Former
New York University Medical Center Ph.D. In Immunology Former
City University of New York B.A. In Biology Former

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Clinical Development and Medical Affairs Current

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Program Mgmt Current
Biogen Idec, Inc. Former
University of California PH.D. In Genetics Former
University of California, Berkeley Ph.D. In Genetics Former
Amherst College B.A. In Biology Former

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Program Management Current

Robert Gallotto currently serves as our Vice President, Strategic Planning and Alliance Management. From January 2003 through December 2005, Mr. Gallotto served as our Vice President, Commercial Development and Alliance Management. Mr. Gallotto joined us in July 2001 as Director of Commercial Development where he was responsible for marketing, product planning and business development. Before joining us, Mr. Gallotto served as Vice President of Marketing and Business Development at Sage BioPharma, Inc., a pharmaceutical company, from August 1999 to June 2001. From January 1996 to July 1999, Mr. Gallotto served in various positions at Serono, Inc. and Biogen, Inc., where he was responsible for overall brand positioning, product launch planning, strategic planning and key alliance management for a portfolio of drugs including Gonal-F and Avonex. From 1987 to 1995, Mr. Gallotto served in various positions in sales, marketing and managed healthcare with The Upjohn Company. Mr. Gallotto received a B.S. in biology from Stonehill College.

Organization Position Status
Altus Co Vice President, Strategic Planning and Alliance Management Current
Altus Pharmaceuticals Inc. Vice President, Strategic Planning Current
Altus Co Director Current
Emd Serono, Inc. Former
Biogen, Inc. Former
Biogen Idec, Inc. Former
Stonehill College B.S. In Biology Former

Organization Position Status
Altus Pharmaceuticals Inc. Vice President, Finance and Treasurer (Duly Authorized Officer) Current

Richard Aldrich has served as a member of our board of directors since June 2003. Since 2001, Mr. Aldrich has been Managing Director of RA Capital, Inc., a biotech business advisory and investment firm. From 1989 to 2001, Mr. Aldrich was the Senior Vice President and Chief Business Officer of Vertex Pharmaceuticals, Inc. Mr. Aldrich is a member of the board of directors of Ingenium Pharmaceuticals Inc. and Sirtris Pharmaceuticals, Inc. Mr. Aldrich holds a B.S. degree in Management from Boston College and an M.B.A. from the Tuck School of Business, Dartmouth College.

Organization Position Status
Foundation Medical Partners L.P. Managing Director Current
Magen Biosciences, Inc Founder Current
Altus Pharmaceuticals Inc. Founder Current
Sirtris Pharmaceuticals, Inc. Founder Current
Ra Capital Management, LLC Chairman Current
CombinatoRx, Incorporated Board of Directors Current
Sirtris Pharmaceuticals, Inc. Board of Directors Current
Magen Biosciences, Inc Board of Directors Current
Foundation Medical Partners L.P. Board of Directors Current
Paintedfrog Studio Board of Directors Current
Concert Pharmaceuticals Board of Directors Current
Vertex, Inc. Chief Business Officer Former
Vertex Pharmaceuticals Incorporated Chief Business Officer Former
Foundation Medical Partners L.P. Member Former
Sirtris Pharmaceuticals, Inc. Member Former
Altus Pharmaceuticals Inc. Member Former
Biogen, Inc. Former
Altus Pharmaceuticals Inc. Board of Directors Former
Dartmouth College M.B.A. Former
Boston College Bs Degree Former

Organization Position Status
Altus Pharmaceuticals Inc. Senior Director, Corporate Communications Current

Organization Position Status
Altus Pharmaceuticals Inc. Current
IMD-International Institute for Management Development Former

Organization Position Status
Shire Acquisition Inc. Executive Vice President Current
Pfizer Inc. Current
Altus Pharmaceuticals Inc. Chairman Current
Altus Co Board of Directors Current
TKT Inc. Chief Executive Officer Former
Shire plc President, Human Genetic Therapies Business Segment Former
Shire Genetic Disease Unit President Former
Biogen Idec, Inc. Vice President of Product Development Former
Biogen, Inc. Vice President of Product Development Former
The Upjohn Company Former
Altus Pharmaceuticals Inc. Board of Directors Former
University of Wisconsin Ph.D. Former
Western Michigan University Ph.D. In Pharmacy Former
University of Wisconsin M.S. In Chemistry Former
Western Michigan University B.A. In Chemistry, Math Former

John is a strategic and commercial development advisor to the biotechnology industry. He currently serves as Chairman of Altus Pharmaceuticals Inc. (NASDAQ: ALTU), as Senior Business Advisor to GPC Biotech AG (NASDAQ: GPCB), and as a consultant to Nomura Phase4 Ventures. He also serves as a director of Targacept Inc., Zygogen LLC, and Metastatix Inc. John was previously Executive Vice President, Business Development at SEQUUS Pharmaceuticals, Inc., where he was responsible for negotiating the acquisition of SEQUUS by ALZA Corporation. Prior to joining SEQUUS, John headed business development for VIVUS, Inc. and Genome Therapeutics Corporation (now Oscient), where he was responsible for establishing numerous pharmaceutical alliances. He was also co-founder and original CEO of IMPATH Laboratories, Inc., a leading cancer pathology reference laboratory (now a part of Genzyme). John received his M.B.A. from Harvard Business School and his B.S. from Stanford University. He can be reached at john@georgiavc.com john@georgiavc.com .

Organization Position Status
Georgia Venture Partners, LLC Managing Director Current
Georgia Venture Partners, LLC Partner Current
GPC Biotech AG Senior Business Advisor Current
Georgia Venture Partners, LLC Senior Business Advisor Current
Altus Pharmaceuticals Inc. Chairman Current
Abeome Director Current
Targacept, Inc. Director Current
Altus Pharmaceuticals Inc. Board of Directors Current
Informed Horizons, LLC Board of Directors Current
Aerovectrx Director Current
Metastatix, Inc Director Current
Zygogen, LLC Director Current
GPC Biotech AG Board of Directors Current
Impath, Inc. CEO Former
SEQUUS Pharmaceuticals Executive Vice President, Business Development Former
Vivus, Inc. Vice President, Corporate Development Former
Oscient Pharmaceuticals Corp. Former
ALZA Corporation Former
Alza Technologies Corp Former
Altus Co Chairman of the Board Former
Harvard Business School Mba Former
Harvard University MBA Former
Stanford University B.S. Former

Organization Position Status
Oxford Bioscience Partners Executive-In-Residence Current
Avaxia Biologics, Inc. Executive, In Current
Gill Fishman Associates Current
Elixir Pharmaceuticals, Inc. Board of Directors Current
Altus Pharmaceuticals Inc. Board of Directors Current
Viamet Pharmaceuticals, Inc. Board of Directors Current
Avaxia Biologics, Inc. Board of Directors Current
Adipogenix, Inc. Board of Directors Current
The Althexis Company Incorporated Chief Executive Officer Former
The Althexis Company Incorporated President Former
Vertex, Inc. Vice President Former
Vertex Pharmaceuticals Incorporated Vice President Former
Merck & Co. Inc. Founder Former
The Althexis Company Incorporated Founder Former
Vertex Pharmaceuticals Incorporated Senior Scientist Former
National Institutes of Health Member of the Advisory Council Former
Vertex, Inc. Senior Scientist Former
Pharmacia & Upjohn Former
The Advisory Council Board of Directors Former
University of Chicago Ph.D. Former
New York University Ph.D. Former
University of Chicago M.S. In Biophysics Former
New York University B.A. In Physics Former
The Advisory Council Member Former

Organization Position Status
Makscientific, LLC President, CEO and Vice Chairman Current
Rib-X Pharmaceuticals Co-Founder Current
Rxgen, Inc Chairman and Co-Founder Former
Rxgen, Inc Board of Directors Current
RHEI Pharmaceuticals, Inc. Board of Directors Current
Altus Pharmaceuticals Inc. Board of Directors Current
BioStratum Incorporated Board of Directors Current
Celldex Therapeutics, Inc. Board of Directors Current
Rib-X Pharmaceuticals Board of Directors Current
Ikonisys, Inc. Board of Directors Current
CELLDEX THERAPEUTICS, INC. Board of Directors Current
Neurogen Corporation Chief Executive Officer Former
Ikonisys, Inc. Chairman, CEO of Nascent Bioscience, Llc Former
Marinus Pharmaceuticals Inc. Chief Executive Officer Former
Neurogen Corporation President Former
Novo Nordisk, Inc. Executive Vice President Former
Makscientific, LLC Co-Founder Former
Boehringer Ingelheim Corporation Corporate Counsel Former
Connecticut, Inc. Bioscience Advisor Former
Celldex Therapeutics, Inc. Chairman Former
Marinus Pharmaceuticals Inc. Chairman Former
Marinus Pharmaceuticals Inc. Director Current
The Cure, Inc. Co-Chair Former
PRA International Inc. Board Member Former
Neurogen Corporation Vice Chairman Former
Connecticut-Business.Com Director Former
Packard Bioscience Company Board Member Current
New York University Ll.M. In International Law Former
University of Virginia B.A. Former
University of Virginia Degrees Former
New York University Degrees Former
Fordham University Degrees Former

Organization Position Status
U.S. Venture Partners General Partner Current
U.S. Venture Partners (USVP) General Partner Current
Ascenta Therapeutics, Inc Associate Current
Ilypsa, Inc. Current
Altus Co Board of Directors Current
Altus Pharmaceuticals Inc. Board of Directors Current
Microvention, Inc. Board of Directors Current
Proteolix Board of Directors Current
Raven Biotechnologies, Inc. Board of Directors Current
RelayHealth Corporation Investor Current
U.S. Venture Partners (USVP) Director of the Neurology, Neurosurgery Intensive Care Unit Former
U.S. Venture Partners Kauffman Fellow Former
University of Florida College of Medicine M.D. Former
Columbia University M.B.A. Former
Columbia University A.B. In Economics Former
Dartmouth College A.B. In Economics Former

Organization Position Status
ZymoGenetics, Inc. Director Current
Inspire Pharmaceuticals, Inc. Director Current
InterMune, Inc. Director Current
Rib-X Pharmaceuticals Board of Directors Current
Allos Therapeutics, Inc. Director Current
Altus Pharmaceuticals Inc. Director Current
Neurogen Corporation Director Current
Sunesis Pharmaceuticals, Inc. Director Current
Oliver, Wyman & Company Consultant Former
Harvard University BA Former
Harvard College Ab In Government Former

Michael Wyzga joined Genzyme in 1998, and is responsible for global financial reporting. Prior to joining Genzyme, Mr. Wyzga was chief financial officer of Sovereign Hill Software Inc. He also served as vice president of finance and chief financial officer of CacheLink Corporation, a client/service software company. Mr. Wyzga has also held management positions at both Lotus Development Corporation and Digital Equipment Corporation. Mr. Wyzga has an M.B.A. from Providence College and a B.S. from Suffolk University.

Organization Position Status
Genzyme Corporation Executive Vice President, Finance & Chief Financial Officer Current
Altus Pharmaceuticals Inc. Board of Directors Current
Cachelink Chief Financial Officer Former
Genzyme Corporation Vice President Former
Lotus Development Corporation Vice President of Finance Former
Lotus Development Corporation Director of Plans and Controls Former
Digital Equipment Corporation Former
Providence College M.B.A. in business administration Former
Suffolk University B.S. in business administration Former

Organization Position Status
Altus Pharmaceuticals Inc. Director Current

Organization Position Status
Altus Pharmaceuticals Inc. Board of Directors Current
Altus Pharmaceuticals Inc. President and Chief Executive Officer Former
University of Toronto M.B.A. Former
University of Manitoba B.Sc. In Pharmacy Former

Executive News

  • Company and People Notes: Merck and Portola Sign Agreement; Eisai Appoints Senior Vice-Presidents; More ...

    Pharmaceutical Technology - 8/26/09 - View Story

  • Altus moves to retire $6.8M Vertex claim

    Boston Business Journal - 8/17/09 - View Story

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     ALTU $0.09 0.00 (0.00% )
Average Volume 1,490,090
Shares Outstanding 31.13M
Market Cap 2.8M
Year High 0.75
Year Low 0.01
Earnings Per Share -2.33
P/E Ratio -0.04
Dividend N/A
Yield N/A
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