BNET Industries

Market Cap:$256.5M
Last Fiscal Year Sales:$3.6M
  • Public
  • US
Dow Jones Description

Immunomedics is a New Jersey-based biopharmaceutical company primarily focused on the development of monoclonal, antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases. We have developed a number of advanced proprietary technologies that allow us to create humanized antibodies that can be used either alone in unlabeled or "naked" form, or conjugated with radioactive isotopes, chemotherapeutics or toxins, in each case to create highly targeted agents. Using these technologies, we have built a pipeline of therapeutic product candidates that utilize several different mechanisms of action. We also have a majority ownership in IBC Pharmaceuticals, Inc., which is developing a novel Dock-and-Lock (DNL) methodology for making fusion proteins and multifunctional antibodies, and a new method of delivering imaging and therapeutic agents selectively to disease, especially different solid cancers (colorectal, lung, pancreas, etc.), by proprietary, antibody-based, pretargeting methods. We believe that our portfolio of intellectual property, which includes approximately 116 patents issued in the United States and more than 295 other patents issued worldwide, protects our product candidates and technologies. We have transitioned our focus away from the development of diagnostic imaging products in order to accelerate the development of our therapeutic product candidates. ...

President, Chief Executive Officer and Chairman of Board of Directors, King Pharmaceuticals, Inc
Brian A. Markison
Number of Employees 117
Contact Information

300 American Rd

Morris Plains, New Jersey 07950-2460

immunomedics.co...

(973) 605-8200

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Immunomedics Announces First Quarter Fiscal 2010 Results and Clinical Program Developments

    11/06/09 - Financial Announcement - View Story

  • Phase IIb Lupus Results Launch Immunomedics Stock-Price Ride

    8/27/09 - Joint Venture / Alliance - View Story

  • Immunomedics Announces Fiscal 2009 Results

    8/27/09 - Financial Announcement - View Story

  • Immunomedics Partners With Alexis Biotech to Develop Targeted Vaccines in Cancer and AIDS

    7/24/09 - Joint Venture / Alliance - View Story

News & Analysis

amex and immunomedics inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Cynthia L Goldenberg President and CEO
Cynthia L. Sullivan Chief Executive Officer
Robert J. Deluccia Chief Executive Officer
Edward T. Wolynic Chief Technology Officer
Gerard G. Gorman CFO & Senior Vice President, Finance
Mary E. Paetzold Vice President, Chief Financial Officer, Secretary, Treasurer
William A. Wegener Vice President, Clinical Res
Marvin E. Jaffe Consultant
Morton Coleman Clinical Professor of Medicine at the Weill Medical College of Cornell University
Phyllis Parker Secretary

Board of Directors

Name (plus bio) Position
Brian A. Markison President, Chief Executive Officer and Chairman of Board of Directors, King Pharmaceuticals, Inc
David M. Goldenberg Chairman of the Board of Directors and Chief Scientific Officer and Chief Medical Officer
Don Stark Board of Directors

Organization Position Status
Immunomedics, Inc. President, Chief Executive Officer and Chairman of Board of Directors, King Pharmaceuticals, Inc Current
King Pharmaceuticals, Inc. President and CEO Current
King Pharmaceuticals, Inc. Chairman of The Board of Directors Current
Immunomedics, Inc. Board of Directors Current
King Pharmaceuticals, Inc. Director Former

Organization Position Status
Immunomedics, Inc. President and CEO Current
Immunomedics, Inc. Board of Directors Current

Cynthia Sullivan , 51 , currently serves as President and Chief Executive Officer of Immunomedics (NasdaqGM: IMMU), a biopharmaceutical company focused on the development of products for cancer, autoimmune, and other serious diseases. She has been employed by Immunomedics since 1985 and has held various positions, including Executive Vice President, Chief Operating Officer, and President. Prior to joining Immunomedics, Ms. Sullivan was employed by Ortho Diagnostic Systems, Inc., a subsidiary of Johnson & Johnson. She earned a BS from Merrimack College, North Andover, Massachusetts, followed by a year of clinical internship with the school of Medical Technology at Muhlenberg Hospital, Plainfield, New Jersey, resulting in a M.T. (ASCP) certification. She completed an MS degree from Fairleigh Dickinson University where she also received her MBA. Ms. Sullivan was appointed as chairperson of the Company's audit committee.

Organization Position Status
Immunomedics, Inc. Chief Executive Officer Current
IBC Pharmaceuticals, Inc. President Current
Immunomedics, Inc. President Current
Urigen Pharmaceuticals, Inc. Board of Directors Current
Digene Corporation Board of Directors Current
Immunomedics, Inc. Board of Directors Current
Immunomedics, Inc. Chief Operating Officer Former
Immunomedics, Inc. Executive Vice President Former
Immunomedics, Inc. Executive Director, Operations Former
Fairleigh Dickinson University MS Degree Former
Merrimack College BS Former
Digene Corporation member Former

Mr. DeLuccia joined MacroChem's Board in 2000 and accepted the position of President and Chief Executive Officer and Vice Chairman of the Board in June of 2003. He held that position until his appointment as Chairman in April 2008 following MacroChem's acquisition of Virium Pharmaceuticals Inc. Mr. DeLuccia is the former President and Chief Executive Officer of Immunomedics, Inc., a Nasdaq biopharmaceutical company focused on the development and commercialization of antibody diagnostic imaging and therapeutic products for cancer and infectious diseases. Prior to Immunomedics, he was President of Sterling Winthrop Pharmaceuticals, the U.S. subsidiary of Sanofi (now Sanofi-Aventis). Mr. DeLuccia began his career as a pharmaceutical sales representative for Pfizer and progressed to Vice President Marketing and Sales Operations for Pfizer's Roerig Division. He is also a member of the board of directors of IBEX Technologies, a publicly traded (TSX Venture Exchange) pharmaceutical company that markets a series of proprietary enzymes (heparinases and chondroitinases) for research use, as well as Heparinase I, which is used in many leading hemostasis monitoring devices. Mr. DeLuccia holds both a B.S. and an M.B.A. in marketing from Iona College.

Organization Position Status
Immunomedics, Inc. Chief Executive Officer Current
Ibex Technologies Member of the Board of Directors Current
MacroChem Corporation President and Chief Executive Officer, Vice Chairman of the Board Former
Immunomedics, Inc. President Former
Pfizer Inc. Vice President Marketing and Sales Former
Pfizer Inc. Pharmaceutical Sales Representative Former
MacroChem Corporation Chairman Former
Iona College M.B.A. In Marketing Former
Iona College B.S. Former

Organization Position Status
Immunomedics, Inc. Chairman of the Board of Directors and Chief Scientific Officer and Chief Medical Officer Current
IBC Pharmaceuticals, Inc. Chairman of the Board of Directors Current
Immunomedics, Inc. Chief Executive Officer Former
Immunomedics, Inc. President Former
Immunomedics, Inc. Board of Directors Former

Organization Position Status
Immunomedics, Inc. Chief Technology Officer Current
Rive Technology, Inc Board of Directors Current
Nanostellar Inc. Board of Directors Current
Immunomedics, Inc. Board of Directors Current
BASF Catalysts LLC Chief Technology Officer Former
International Specialty Products, Inc. Vice President of Research and Development Former
BASF Catalysts LLC Vice President of the Strategic Technologies Group Former
Union Carbide Corporation Former
Princeton University PhD In Chemical Engineering Former
Princeton University MS In Chemical Engineering Former
Polytechnic Inc BS In Chemical Engineering Former
Polytechnic Institute of Brooklyn BS In Chemical Engineering Former

Gerard G. Gorman has served as our Senior Vice President, Finance and Business Development, and Chief Financial Officer since June 2006 and Vice President, Finance and Chief Financial Officer from September 2001 until June 2006. From 1996 to 2001, Mr. Gorman was employed by the Animal Health Division of Pfizer Inc., where he was Vice President, Finance and Information Technology and Chief Financial Officer. While at Pfizer, Mr. Gorman directed strategic and long-range financial planning as well as negotiations related to acquisitions, divestitures and outsourcing of support operations. Mr. Gorman previously held a variety of other senior positions at Pfizer, including: Senior Director, Corporate Treasury Operations; Director, Administration—International Pharmaceuticals Group; Director, Finance/Assistant Treasurer International; and Manager, Benefit Financing/Senior Financial Analyst. Mr. Gorman completed a B.A. in economics from Fairfield University and received his M.B.A. from Adelphi University. Mr. Gorman also serves as a member of the Board of Directors of the Northern Ireland Children’s Enterprise.

Organization Position Status
Immunomedics, Inc. CFO & Senior Vice President, Finance Current
Pfizer Inc. Chief Financial Officer Former
Pfizer Inc. Vice President, Finance Former
Pfizer Inc. Senior Director Former
Adelphi University M.B.A. Former
Fairfield University B.A. In Economics Former

Mary E. Paetzold was Vice President, Chief Financial Officer, Secretary, Treasurer and a member of the Board of Directors of Ecogen, Inc., where she worked from 1994 to 2000. Prior thereto, Ms. Paetzold was an audit partner and SEC reviewing partner for KPMG LLP, in Short Hills, New Jersey, where she worked for 21 years. She also served as chairperson of the Advisory Council of the School of Business at Montclair State University, where she earned an undergraduate degree in mathematics. Ms. Paetzold is a certified public accountant.

Organization Position Status
Immunomedics, Inc. Vice President, Chief Financial Officer, Secretary, Treasurer Current
Immunomedics, Inc. Chairperson Current
Immunomedics, Inc. Director Current
Orthovita, Inc. Board of Directors Current
Eco-Gen, Ltd Chief Financial Officer Former
Eco-Gen, Ltd Vice President Former
KPMG International audit partner Former
The Advisory Council Chairperson Former
Eco-Gen, Ltd Member of the Board of Directors Former
Montclair State University Undergraduate Degree Former

Organization Position Status
Immunomedics, Inc. Vice President, Clinical Res Current

Organization Position Status
Immunomedics, Inc. Consultant Current
NeoGenomics, Inc. Director Current
Neogenomics Laboratories, Inc Board Member Current
Genetic Therapy, Inc. Board of Directors Former
Merck & Co. Inc. Director Former
Allos Therapeutics, Inc. Board of Directors Former
Jefferson Medical College of Thomas Jefferson University M.D. Former

Dr. Morton Coleman has been Clinical Professor of Medicine at the Weill Medical College of Cornell University since 1986 and the Director of the Center for Lymphoma and Myeloma in the Division of Hematology Oncology since 1997, at New York Presbyterian Hospital Cornell Medical Center. Dr. Coleman is Chairman of the Board of Directors of the Fund for Blood and Cancer Research, a member of the Clinical Practice Committee of the American Society of Clinical Oncology, Associate Editor of Cancer Investigation, past President of the New York Cancer Society, Chairman of the Board of Directors of Affiliated Physicians Network, Inc., Chairman of the Medical Advisory Board and on the Board of Directors of The Cure for Lymphoma Foundation, and a member of the Lymphoma Core Committee of Cancer and Leukemia Group B, among other distinguished appointments.

Organization Position Status
Cornell University Director Center for Lymphoma and Myeloma Current
Immunomedics, Inc. Clinical Professor of Medicine at the Weill Medical College of Cornell University Current
The Lymphoma Foundation Board of Directors Current
Immunomedics, Inc. Board of Directors Current
New York Cancer Society, LLC. President Former

Organization Position Status
IBC Pharmaceuticals, Inc. Director, Admin Affairs Current
Immunomedics, Inc. Secretary Current
Immunomedics, Inc. Secretary Former

Array

Organization Position Status
Whistler Associates, Inc. Founder Current
Whistler Associates, Inc. President Current
Immunomedics, Inc. Board of Directors Current
Strategic Answers Inc Board of Directors Current
Strategic Answers Inc Member Current
Whistler Associates, Inc. Principal Former
Immunex Corporation Former
University of Minnesota Masters of Science Degree Former
South Dakota State University Bachelor of Science Degree In Pharmacy Former

Executive News

  • UCB and Immunomedics Announce Positive Results for Epratuzumab Phase IIb Study in...

    Reuters - 8/27/09 - View Story

  • Immunomedics Announces FDA Allowance of Investigational New Drug Application for...

    Reuters - 8/14/09 - View Story

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     IMMU $3.41 0.00 (0.00% )
Average Volume 1,163,710
Shares Outstanding 75.24M
Market Cap 256.6M
Year High 7.16
Year Low 0.84
Earnings Per Share 0.48
P/E Ratio 7.10
Dividend N/A
Yield N/A
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