BNET Industries
Market Cap:$46.7M
Last Fiscal Year Sales:$5.1M
- Public
- US
Dow Jones Description
BSD Medical Corporation (AMEX: BSM) develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy as provided by focused radio frequency and microwave energy. BSD Medical is also making major progress in the application of its technology for other therapies. Microwave hyperthermia therapy has been shown to substantially improve local control of cancer, tumor response and survival rates when added to radiation treatments. In phase III clinical trials where hyperthermia was combined with radiation therapy, hyperthermia improved 2-year local control of melanoma from 28% to 46%, complete response for recurrent breast cancer from 38% to 60%, 2-year survival for glioblastoma (brain cancer) from 15% to 31% and complete response for advanced cervical cancer from 57% to 83%, as compared to the use of radiation therapy alone. BSD Medical Corporation was the first company to obtain PreMarket Approval (PMA) from the Food and Drug Administration (FDA) for a hyperthermia cancer therapy system and the first company to obtain Investigational Device Exemption (IDE) approval from the FDA for thermotherapy systems for the treatment of Benign Prostatic Hyperplasia (BPH). BSD has sold and manufactured over 200 hyperthermia systems installed throughout the world. Since its founding, BSD Medical has invested over $20 million in development of technology for hyperthermia treatment, and substantially greater funding has been provided for the clinical...
PresidentHarold R. Wolcott
Number of Employees 41
Peer Companies
NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510
Recent Events
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BSD Medical Corp names new chairman of the board
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BSD Medical Taps Steven Smith as VP of Marketing and Business Development
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BSD Medical Corporation -- Tacoma/Valley Radiation Oncology Centers Provide New Cancer...
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BSD Medical Names Harold Wolcott President, Director - Quick Facts
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BSD Medical Names Harold R. Wolcott as New President and Board Member
News & Analysis
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bsd medical corp. - All News and Analysis
Evolving Role of Clinical Hyperthermia, Including Use of BSD Medical Systems, Reviewed at European Society for Hyperthermic Oncology Meeting
SALT LAKE CITY -- BSD Medical Corp. (NASDAQ:BSDM) today reported on the evolving clinical role of hyperthermia that was presented at the annual European Society for Hyperthermic Oncology...
BSD Medical Names Steven Smith as VP of Marketing and Business Development
Wireless News05-30-2009BSD Medical Names Steven Smith as VP of Marketing and Business DevelopmentType: NewsBSD Medical Corp. announced that Steven M. Smith has been appointed Vice President of Marketing and Business Development. Smith has 32 years of experience in the medical industry, with expertise in marketing, sales, new business development,...
Timothy McQuay Appointed Chairman of the Board of BSD Medical Corporation
SALT LAKE CITY -- BSD Medical Corporation (NASDAQ:BSDM) (the âCompanyâ) announced today that Timothy C. McQuay, an outside director, was appointed Chairman of the Board of Directors at...
BSD Medical Names Steven Smith as Vice President of Marketing and Business Development
SALT LAKE CITY -- BSD Medical Corporation (NASDAQ: BSDM) (the âCompanyâ) announced today that Steven M. Smith has been appointed Vice President of Marketing and Business Development. Mr....
BSD Receives FDA Humanitarian Use Designation for the BSD-2000 Hyperthermia System
SALT LAKE CITY -- BSD Medical Corporation (NASDAQ:BSDM) announced today that the U.S. Food and Drug Administration FDA has granted Humanitarian Use Device HUD designation for the companyâs...
BSD Medical Corp. names Latin America sales manager
BSD Medical Corp., a developer of systems used to deliver therapeutic heat for treating cancer, has appointed Jim Fincher as Latin America sales manager. Fincher, who has extensive experience in the Latin American market, previously served as vice president of sales for a leading medical device firm. ...
Research and Markets: Examine BSD Medical Corporation's Product Pipeline with New Analysis
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/816b67/bsd_medical_corpor) has announced the addition of the "BSD Medical Corporation Product Pipeline Analysis" company profile to their offering. This report is an insightful source for data, analysis and strategic insights into a BSD Medical Corporation's pipeline and investigational products. The report also...
Seven Major U.S. Cancer Institutions Order Hyperthermia Systems from BSD Medical
SALT LAKE CITY -- BSD Medical Corp. (NASDAQ:BSDM) today announced the addition of seven new BSD-500 hyperthermia systems purchased by major cancer treatment center in the United States. The most recent purchase by the Massey Cancer Center at Virginia Commonwealth University located in Richmond, Virginia joins in a number of...
BSD Medical Reports Status on Submissions to FDA
SALT LAKE CITY -- BSD Medical Corporation (NASDAQ:BSDM) today provided an update on the status of the company's submissions to the Food and Drug Administration FDA. BSD currently has two FDA submissions in progress, a premarket PMA submission for the BSD-2000 Hyperthermia System and a 510k premarket notification seeking FDA...
BSD-2000 Cancer Treatment System by BSD Medical Installed in Prestigious Liaocheng Peoples Hospital in China
SALT LAKE CITY -- BSD Medical Corp. (NASDAQ:BSDM) today announced that another BSD-2000 hyperthermia system has been purchased, installed and is now in use in China, at the Liaocheng Peoples Hospital located in Liaocheng City, in the Western Shandong Province of the People's Republic of China. The Liaocheng Peoples Hospital...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Harold R. Wolcott | President |
| Dennis Bradley | Chief Financial Officer |
| Dennis P Gauger | CFO |
| Dixie Toolson Sells | Vice President of Regulatory Affairs of Bsd |
| Richard A. White | Vice President of Business Development |
| Stephanie Gardner | Executive Assistant To Vice President, Sales, Scottsdale, Arizona Office |
| Steven M. Smith | Vice President, Marketing & Business Dev |
| Harley Griffith | International Director |
| Larry Tolman | Director, Marketing |
| J. Richard Faux | Production, Materials Manager |
| Jim Fincher | Manager, Sales, Latin American |
| Dalian Orientech | Distributor for China |
| Mark Hagmann | Senior Engineer |
| Steven G. Stewart | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Timothy C. McQuay | Chair of Board |
| Brian Ferrand | Board of Directors |
| Douglas P Boyd | Board of Directors |
| Gerhard W. Sennewald | Member of the Board of Directors |
| Michael Nobel | Member of the Board of Directors |
| Paul F Turner | Board of Directors |
| Ray Lauritzen | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | President | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Chief Financial Officer | Current |
| Bsd Medical Corp | Accountant, Secretary | Current |
| Bsd Medical Corp | Secretary | Current |
| Bsd Medical Corp | Controller & Secretary | Former |
Dennis P. Gauger (Chief Financial Officer / Secretary) CPA, has served as Chief Financial Officer since May 2007. Mr. Gauger is a licensed Certified Public Accountant in Utah and Nevada. He has led our Sarbanes – Oxley internal controls compliance and directs our external financial and SEC reporting. He also assists with investor relations activities, including press releases and investor communications. Prior to his full time employment with BSD Medical Corporation, he served several public and private companies in a variety of industries as a part-time, contract financial executive, corporate troubleshooter and consultant. Previously, Mr. Gauger worked for Deloitte & Touche LLP, an international accounting and consulting firm, for 22 years, including 9 years as an accounting and auditing partner. He is a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | CFO | Current |
Dixie Toolson Sells (VP Regulatory Affairs) joined BSD Medical in 1978 and has directed the company’s regulatory affairs since 1984. Her efforts were largely instrumental in obtaining recent FDA approval for TherMatrx, Inc., and she currently leads the project to obtain approval for the BSD-2000. She also serves on the Board of Directors of the Utah Intermountain Biomedical Association.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Vice President of Regulatory Affairs of Bsd | Current |
| Bsd Medical Corp | Board of Directors | Current |
Richard A. White, MBA, (VP of Business Development) has been deeply involved in business development and growth since obtaining his degree in international business at The Garvin School of International Management "Thunderbird" in 1980. He has played a key role in the founding of new companies, has led a national sales organization selling large capital equipment in power control systems and served as International Sales Manager for Merit Medical Systems, a leading manufacturer and marketer of products used in diagnostic and interventional cardiology and radiology procedures.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Vice President of Business Development | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Lifetouch, Inc. | Manager | Former |
| Merit Medical Systems, Inc. | International Sales Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Executive Assistant To Vice President, Sales, Scottsdale, Arizona Office | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Vice President, Marketing & Business Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | International Director | Current |
| Bsd Medical Corp | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Director, Marketing | Current |
J. Richard Faux (Director of Operations) joined the company in 1981 and leads BSD’s FDA compliant and ISO-9000 certified manufacturing facility.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Production, Materials Manager | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Manager, Sales, Latin American | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Distributor for China | Current |
Dr. Mark Hagmann (Senior Engineer) joined BSD in 2000. He holds an undergraduate degree in physics and a PhD in electrical engineering. He has occupied important posts in universities and as a Senior Staff Fellow for the National Institutes of Health. Having published well over 100 articles in peer-reviewed journals, his expertise includes hyperthermia, lasers, microwave sciences and biotechnology.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Senior Engineer | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Chair of Board | Current |
Brian L. Ferrand (VP of Sales) Joined BSD in 2005 as Vice President of Sales. Previously Mr. Ferrand served as Vice President of Sales and as a corporate officer of Merit Medical Systems, Inc. (a company traded on NASDAQ) from 1993 until October 2004. Previously Mr. Ferrand served as Director of Sales from 1992 to 1993 and as a National Sales Manager from 1991-1992 for Merit Medical. Merit Medical Systems is a producer of medical products used in cardiology and radiology sold on a worldwide basis.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Board of Directors | Current |
| Merit Medical Systems, Inc. | Vice President of Sales | Former |
| Merit Medical Systems, Inc. | Director of Sales | Former |
| Merit Medical Systems, Inc. | Sales Manager | Former |
| Merit Medical Systems, Inc. | Corporate Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Telesecurity Sciences, Inc. | Chief Executive Officer | Current |
| Imaging Technology Ventures, Inc | Managing Director | Current |
| University of California, San Francisco | Adjunct Professor | Current |
| Xlr Medical Corp. | Chairman of the Board | Current |
| Techniscan | Board of Directors | Current |
| Invision Technologies Corp. | Board of Directors | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Imaging Technology Group | Board of Directors | Current |
| Healthaddress, Inc. | Board of Directors | Current |
| Invision Technologies Corp. | Member | Current |
| In-Vision | Board of Directors | Former |
Gerhard W. Sennewald, Ph.D., has served as a director of BSD since 1994. Dr. Sennewald has served as the President and Chief Executive Officer of Medizin-Technik GmbH, of Munich, Germany, a firm which is engaged in the business of distributing hyperthermia equipment and diagnostic imaging equipment and services, from April 1985 to the present. In connection with his service to Medizin-Technik GmbH, Dr. Sennewald has been BSD's key European representative and distributor for 17 years and has been instrumental in obtaining the majority of BSD's foreign sales. He also serves on the Board of Directors of TherMatrx, Inc.
| Organization | Position | Status |
|---|---|---|
| Thermatrx | Board of Directors | Current |
| Bsd Medical Corp | Member of the Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Jacobs Capital Group, LLC | Venture Director | Current |
| Enzyme Essentials, LLC | Current | |
| Aglaia Biomedical Ventures | Current | |
| Velocity Services, Inc. | Current | |
| Transformation Enzymes | Current | |
| Nuway Digital Systems, Inc | Chairman of the Board | Current |
| The American Foundation | Board of Directors | Current |
| Bsd Medical Corp | Member of the Board of Directors | Current |
| The Diet Centre | Board of Directors | Current |
| WorldSpace, Inc. | Chief Executive Officer | Former |
| FONAR Corporation | vice president of Europe | Former |
| Unesco.Com | Consultant | Former |
| United Nations Educational, Scientific and Cultural Organization | Consultant | Former |
| WorldSpace, Inc. | Director | Current |
| Russian Academy of Natural Sciences | Board of Directors | Former |
| University of Lausanne | Ph.D. | Former |
| Harvard University | Master of Business Administration | Former |
| Harvard Business School | Ma.; and the Graduate Institute of Communications, Stockholm, Sweden. | Former |
Paul F. Turner, MSEE (Chairman/Senior VP/Chief Technology Officer) joined BSD Medical Corporation in 1978 after seven years as a respected developer of microwave communications systems for Sperry Univac (now L3 Communications). His experience with advanced military defense communication systems prepared him to lead the development of sophisticated phased array microwave technology at BSD Medical. Mr. Turner has led the design of microwave treatment systems for tumors, including the development of external phased array antenna technology to focus radiated microwave energy deep into the central area of the body to treat deep tumors. He has also integrated this novel technology with Magnetic Resonance Imaging (MRI) to non-invasively monitor treatments within the patient's body.
| Organization | Position | Status |
|---|---|---|
| Sperry Univac | Developer | Current |
| Bsd Medical Corp | Board of Directors | Current |
| Bsd Medical Corp | Chairman, Senior Vice President, Chief Technology Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Board of Directors | Current |
| Bsd Medical Corp | Vice President Field Service Operations | Former |
| Bsd Medical Corp | Field Service Manager of Bsd | Former |
Steven G. Stewart (Director) CPA, served as Chief Financial Officer for Headwaters, Inc. (a New York Exchange Company) from July 1998 until October 2005 when he became the Treasurer. Previously, Mr. Stewart served as a business assurance partner for PricewaterhouseCoopers LLP (formerly Coopers & Lybrand LLP), and as an audit partner with Ernst & Young (formerly Arthur Young), including service as the Director of High Technology and Entrepreneurial Services for the Salt Lake City office.
| Organization | Position | Status |
|---|---|---|
| Bsd Medical Corp | Director | Current |
| Headwaters Incorporated | Chief Financial Officer | Former |
| Young Corporation | Audit Partner | Former |
| PricewaterhouseCoopers | business assurance partner | Former |
| Ernst & Young | audit partner | Former |
| Brigham Young University | B.S. degree in Accounting | Former |
| Brigham Young University | B.S. degree in Accounting | Former |
Executive News
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Professor Michael Nobel Joins the Planet Resource Recovery
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Professor Michael Nobel Joins the Planet Resource Recovery Advisory Board
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UPDATE 1-Headwaters says could comply with debt covenants
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UPDATE 1-Headwaters says could comply with debt covenants
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BSD Medical Corp names new chairman of the board
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BSD Medical Taps Steven Smith as VP of Marketing and Business Development
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BSD Medical (BSDM) Names McQuay as Chairman
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BSD Medical Names Steven Smith as Vice President of Marketing and
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BSD Medical Names Steven Smith as Vice President of Marketing and Business Development
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