BNET Industries

Market Cap:$42.9M
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...

Number of Employees 41
Contact Information

2188 W 2200 S

Salt Lake City, Utah 84119-1326

bsdmedicalinter...

(801) 972-5555

NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510

Recent Events

  • UCSF Medical Center to Deploy BSD Medical's Hyperthermia System

    10/03/09 - Merger / Acquisition - View Story

  • BSD Medical Corporation Sells Hyperthermia System to University of California, San Francisco Medical Center

    9/29/09 - Merger / Acquisition - View Story

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

  • Headwaters Incorporated Announces Extension of Revolving Credit Facility

    Forbes.com - 9/04/09 - View Story

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     BSDM $1.95 +0.06 (3.17% )
Average Volume 298,558
Shares Outstanding 22.01M
Market Cap 42.9M
Year High 5.18
Year Low 1.17
Earnings Per Share -0.52
P/E Ratio -3.75
Dividend N/A
Yield N/A
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