BNET Industries

Market Cap:$11.4M
Last Fiscal Year Sales:$617.3K
  • Public
  • US
Dow Jones Description

AVAX Technologies, Inc. is an internationally integrated biotechnology company focused on developing and commercializing its AC Vaccine technology for the treatment of cancer. The AC Vaccine Technology is an immunotherapeutic treatment that educates the patient's immune system to recognize cancer cells as foreign through the process of haptenization. Haptenization is a re-education of the immune system through a chemical modification of antigens on the cancer cell which allows for the development of an immune response to cancer cells that were previously ignored by the immune system. To produce AVAX's AC Vaccine cancer cells are obtained from tumors excised during routine surgery. These cells are then treated with the hapten dinitrophenyl (DNP). Injection of the DNP-modified vaccine induces an immune response against native cancer cells in the patient's body, and, under the best of circumstances, kills them or controls their growth.

Chief Executive Officer, President and Director
Francois Martelet
Number of Employees 23
Contact Information

2000 Hamilton St Ste 204

Philadelphia, Pennsylvania 19130-3849

www.avax-tech.c...

(215) 241-9760

NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414

News & Analysis

avax technologies inc. and cancer treatment centers of america - All News and Analysis

Decision Makers

Name (plus bio) Position
Francois Martelet Chief Executive Officer, President and Director
Isabelle Fourthin Chief Medical Officer
Richard P. Rainey CFO
Benoit Pinteur Director & Pharmacist, France
Henry E. Schea Director of Quality Systems
Andres Crespo Officer

Board of Directors

Name (plus bio) Position
Edson D de Castro Chairman
John K.A. Prendergast Chairman of the Board and Director
Andrew W. Dahl Board of Directors
Carl Spana Board of Directors

Organization Position Status
AVAX Technologies, Inc. Chief Executive Officer, President and Director Current
AVAX Technologies, Inc. Board of Directors Current

Organization Position Status
AVAX Technologies, Inc. Chief Medical Officer Current

Organization Position Status
AVAX Technologies, Inc. CFO Current
AVAX Technologies, Inc. President & CEO Former
Ernst & Young associate Former
AVAX Technologies, Inc. Board of Directors Former
The Pennsylvania State University B.S. In Accounting Former

Organization Position Status
AVAX Technologies, Inc. Director & Pharmacist, France Current
AVAX Technologies, Inc. Board of Directors Current

Henry E. Schea III has been the Director of Quality Systems for AVAX since May 2002. Mr. Schea has over 20 years experience in research, product development, GMP manufacturing and quality control and assurance, with a focus in cell and gene therapies. From 1981 to 1991, Mr. Schea served in various manufacturing and quality control positions at Amgen. From 1991 through 2001, Mr. Schea developed quality systems for new biotech firms including Gene Medicine and Chimeric Therapies. Mr. Schea received his B.S. in Microbial Genetics from the University of Massachusetts in 1976.

Organization Position Status
AVAX Technologies, Inc. Director of Quality Systems Current
AVAX Technologies, Inc. Board of Directors Current
Quality Systems, Inc. Director Former
University of Massachusetts Amherst B.S. in Microbial Genetics Former

Andres Crespo joined the Company as General Manager of its Genopoietic subsidiary when it was acquired by the Company in 2000. Prior to joining Genopoietic, Dr. Crespo was in charge of biopharmaceutical production for Rhone-Poulenc and later Rhone-Poulenc's Gencell division, where he was responsible for organizing the coordination of the various Rhone-Poulenc laboratories specializing in gene therapy. Dr. Crespo was also in charge of the GMP production of gene therapy vectors while at Rhone-Poulenc. Dr. Crespo received his M.Sc. and Ph.D. from the University of Toulouse in Pharmaceutical Sciences.

Organization Position Status
AVAX Technologies, Inc. Officer Current
AVAX Technologies, Inc. Company as General Manager Former
AVAX Technologies, Inc. Gen Manager, Genopoietic Former

Organization Position Status
Needham Capital Partners Limited Partner Current
Technology Practice Group, LLC Current
AVAX Technologies, Inc. Chairman Current
AVAX Technologies, Inc. Board of Directors Current
Sierra Hotel Productions, LLC Board of Directors Current
HealthGate Data Corp. Director Current
Datagen Chief Executive Officer Former
Data General Corporation Chief Executive Officer Former
Datagen President Former
Data General Corporation President Former
Boston University Trustee Former
Boston Life Sciences, Inc. Former
Data General Corporation Chairman Former
Shareholder.Com, Inc. Director Former
University of Lowell B.S. in Electrical Engineering Former

John Prendergast, Executive Chairman and CEO, is a biopharmaceutical executive who has been involved in the financing and corporate development of early to mid-stage biotechnology companies over the past 15 years. He is a co-inventor of Antyra's Phenogenix and Proteome Panning? technology modules. He is a co-founder and currently serves on the boards of Avigen Inc., Palatin Technologies and Avax Technologies. From 1991-1996, Dr. Prendergast was Managing Director of the Castle Group, a New York-based merchant bank where he was responsible for the identification and evaluation of products and technologies for the formation and development of a range of venture start-ups. He is currently the President of SummerCloud Bay Inc., a consulting practice specializing in these activities.

Organization Position Status
Antyra, Inc. Executive Chairman and CEO Current
Palatin Technologies Inc. Co-Founder Current
Avigen, Inc. Lead Director Current
Palatin Technologies Inc. Director, Chairman of The Board of Directors Current
AVAX Technologies, Inc. Chairman of the Board and Director Current
Avigen, Inc. Board of Directors Current
Sierra Hotel Productions, LLC Board of Directors Current
Ingenex Corporation Board of Directors Current
Evolution Benefits, Inc. CEO Former
Health Net, Inc. Chief Executive Officer Former
Evolution Benefits, Inc. President Former
Health Net, Inc. President Former
HCA Inc. Vice President for Development Former
Alegent Health Vice President of Consumer Driven Health Former
University Corp. Ph.D. Former
University of New South Wales Ph.D. Former
University of Lowell B.S. in Electrical Engineering Former
Harvard University Administration and Management Former
Ingenex Corporation member Former

Organization Position Status
Sierra Hotel Productions, LLC Board of Directors Current
AVAX Technologies, Inc. Board of Directors Current
Evolution Benefits, Inc. CEO Former
Health Net, Inc. Chief Executive Officer Former
Evolutionhealth.Com CEO Former
Evolutionhealth.Com President Former
Health Net, Inc. President Former
Evolution Benefits, Inc. President Former
Alegent Health Vice President of Consumer Driven Health and Human Resources Former
Hospital Corporation of America Vice President for Development Former
Health Care Financing Administration Former

r. Spana, co-founder of Palatin, has been our chief executive officer and president since June 14, 2000. He has been a director of Palatin since June 1996 and has been a director of our wholly-owned subsidiary, RhoMed Incorporated, since July 1995. From June 1996 through June 14, 2000, Dr. Spana served as an executive vice president and our chief technical officer. From June 1993 to June 1996, Dr. Spana was vice president of Paramount Capital Investments, LLC, a biotechnology and biopharmaceutical merchant banking firm, and of The Castle Group Ltd., a medical venture capital firm. Through his work at Paramount Capital Investments and The Castle Group, Dr. Spana co-founded and acquired several private biotechnology firms. From July 1991 to June 1993, Dr. Spana was a Research Associate at Bristol-Myers Squibb, a publicly traded pharmaceutical company, where he was involved in scientific research in the field of immunology. Dr. Spana is a director of AVAX Technologies, Inc., a publicly-held life science company. Dr. Spana received his Ph.D. in molecular biology from The Johns Hopkins University and his B.S. in biochemistry from Rutgers University.

Organization Position Status
Palatin Technologies Inc. CEO Current
Palatin Technologies Inc. Co-Founder Current
Curalogic Member of Curalogic's Board of Directors Current
AVAX Technologies, Inc. Board of Directors Current
Palatin Technologies Inc. Board of Directors Current
Sierra Hotel Productions, LLC Board of Directors Current
Palatin Technologies Inc. Chief Technical Officer Former
Palatin Technologies Inc. Executive Vice President Former
Bristol-Myers Squibb Company Research Associate Former
The Johns Hopkins University Ph.D. In Molecular Biology Former
Rutgers University B.S. In Biochemistry Former
Palatin Technologies Inc. member Former

Executive News

  • Palatin Technologies, Inc. Reports Positive Bremelanotide Study; Improved Safety Profile with Subcutaneous Administration

    Pharma Live - 8/12/09 - View Story

  • Palatin Technologies (PTN) Reports Positive Bremelanotide Study; Improved Safety Profile with Subcutaneous Administration

    BioSpace - 8/12/09 - View Story

  • Palatin Technologies, Inc. Reports Positive Bremelanotide Study; Improved Safety...

    Reuters - 8/12/09 - View Story

  • Palatin Technologies, Inc. Reports Positive Bremelanotide Study; Improved Safety Profile with Subcutaneous Administration

    PR Newswire - 8/12/09 - View Story

  • Palatin Technologies, Inc. Receives U.S. Patent Allowance for Heart Failure Drug Candidate

    Pharma Live - 8/07/09 - View Story

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     AVXT $0.08 -0.01 (-11.11% )
Average Volume 423,595
Shares Outstanding 142.61M
Market Cap 11.4M
Year High 0.29
Year Low 0.006
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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