BNET Industries

Market Cap:$12.2M
  • Public
  • US
Dow Jones Description

We are a biopharmaceutical company focused on the development and commercialization of prescription drugs for the treatment of drug addiction and obsessive-compulsive disorders. Our initial product candidate is CPP-109, which is our version of the chemical compound gamma-vinyl-GABA, commonly referred to as vigabatrin. We are currently conducting a clinical trial evaluating the use of CPP-109 in the treatment of cocaine addiction, and a proof-of-concept study evaluating the use of CPP-109 in the treatment of methamphetamine addiction. We also believe that CPP-109 has the potential to treat other addictions, including addictions to nicotine, prescription pain medications, alcohol, and marijuana, as well as obsessive-compulsive disorders such as obesity and compulsive gambling. We intend to develop CPP-109 to treat other forms of addiction, such as those described above, subject to the availability of funding for such purposes. During July 2007, we initiated a randomized, double-blind, placebo-controlled U.S. Phase II clinical trial in patients with cocaine addiction. During June 2008, we initiated a similar U.S. Phase II clinical trial evaluating CPP-109 as a treatment for methamphetamine addiction which was subsequently converted into a smaller proof-of-concept study (see Recent Developments section below for a discussion of the status of the cocaine trial and methamphetamine proof-of-concept study).

Chief Executive Officer
Patrick J. McEnany
Number of Employees 7
Contact Information

355 Alhambra Cir Ste 1370

Coral Gables, Florida 33134

www.catalystpha...

(305) 529-2522

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Catalyst Pharmaceutical narrows losses

    11/12/09 - Financial Announcement - View Story

  • Catalyst CPRX Announces Organizational Changes and CEO McEnany's Term Extension

    10/13/09 - Mgmt. Change Entering - Technology - View Story

  • Hapoalim Securities Upgrades Catalyst Pharmaceutical CPRX to Hold

    10/07/09 - Bond / Stock Rating - View Story

  • Catalyst Pharmaceutical Partners To Raise $3.97 Mln In Registered Direct Offering - Quick Facts

    10/01/09 - New Investment - View Story

  • Catalyst Pharmaceutical CPRX Surges On Plans to Continue Development of Addiction Treatment

    10/01/09 - Bond / Stock Rating - View Story

  • Catalyst Pharmaceutical signs licensing agreement with Northwestern University

    9/01/09 - Joint Venture / Alliance - View Story

  • Catalyst Pharmacuetical Q2 losses narrow

    8/07/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Patrick J. McEnany Chief Executive Officer
Alicia Grande Corporate Controller and Chief, Accounting Officer
Charles W. Gorodetzky Chief Medical Officer
Jack Weinstein V.P., Treasurer & Cfo
Douglas Winship Vice President of Regulatory Operations
M. Douglas Winship Vice President, Regulatory Operations
Steven R. Miller Vice President of Pharmaceutical Development and Project Management
Hubert E Huckel Co-Founder and Director
Patrick Kenny Director, Corp Clinical Compliance
Robert D Fechtner Professor of Ophthalmology and Director, Glaucoma Division
Charles B O'Keeffe Consultant
Charles B. O. Keeffe Consultant
Eugene Laska Professor In the Department of Psychiatry at New York University
Jonathan Brodie Stern Professor of Psychiatry at New York University School of Medicine
Milton J. Wallace Attorney
Richard A. Rawson Professor, In
Stephen L Dewey Clinical Research Consultant

Board of Directors

Name (plus bio) Position
David S. Tierney Board of Directors
Donald R Jasinski Board of Directors
Philip H. Coelho Board of Directors
Thomas Kosten Board of Directors

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Chief Executive Officer Current
Catalyst Pharmaceutical Partners, Inc. President Current
Thermogenesis Corp Director Current
Watson Pharmaceuticals, Inc. President Former
Watson Pharmaceuticals, Inc. Vice President of Corporate Development Former
Catalyst Pharmaceutical Partners, Inc. Founder Current
Watson Pharmaceuticals, Inc. Vice Chairman Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Corporate Controller and Chief, Accounting Officer Current
The Hackett Group Head,Sarbanes, Oxley Act Compliance Team Former
Florida International University Master of Accounting Degree Former
Syracuse University Bachelor of Science Degree Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Chief Medical Officer Current
Pinney Associates Scientific Consultant Current
Pinney Associates Board of Directors Current
Hoechst Marion Roussel Vice President Former
Burroughs Wellcome Co. - USA Former
Fda.Com Former
Boston University School of Medicine M.D. Former
Boston University School of Medicine Degree Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. V.P., Treasurer & Cfo Current
Catalyst Pharmaceutical Partners, Inc. Treasurer Current
Catalyst Pharmaceutical Partners, Inc. Investment Banker Former
Gruntal & Co. Former
Ladenburg Thalmann & Co., Inc. Former
Climatrol, Inc. Board Member Former
Harvard University Masters In Business Administration Former
University of Miami Bachelors Degree Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Vice President of Regulatory Operations Current
CEL-SCI Corporation Senior Vice President Former
Quality Assurance Vice President of Regulatory Affairs and Quality Assurance Former
Curative Technologies Corporation Vice President of Regulatory Affairs and Quality Assurance Former
Curative Technologies Corporation Director of Regulatory Affairs and Quality Assurance Former
Upsala College Bachelor of Science In Chemistry Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Vice President, Regulatory Operations Current

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Vice President of Pharmaceutical Development and Project Management Current
Watson Laboratories, Inc. Director of Technology Transfer Former
University of Maryland Research Assistant Former
University of Miami Research Assistant Former
University of Miami Ph.D. Former
University of Maryland Bachelor of Science Degree In Chemistry Former

Hubert E. Huckel, MD, is a founding shareholder and has been a director of Catalyst since its formation in January 2002. He spent 29 years with The Hoechst Group (now Sanofi Aventis), and was at the time of his retirement Executive Chairman of the Board of Hoechst-Roussel Pharmaceuticals, Inc. Dr. Huckel has continued his involvement in the pharmaceutical industry and currently serves on the boards of directors of Titan Pharmaceuticals, Inc., ThermoGenesis Corp. and Valera Pharmaceuticals, Inc. Dr. Huckel is Executive Chairman and a director of Concordia Pharmaceuticals, Inc. Dr. Huckel received his MD degree from the University of Vienna, Austria, and is a member of the Rockefeller University Council.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Co-Founder and Director Current
Titan Pharmaceuticals, Inc. Executive Committee Current
Concordia Pharmaceuticals, Inc Executive Chairman Current
Thermogenesis Corp Chairman Current
Indevus Pharmaceuticals, Inc. - NJ Board of Directors Current
Titan Pharmaceuticals, Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Thermogenesis Corp Director Former
University of Vienna M.D. Degree Former
Catalyst Pharmaceutical Partners, Inc. Member Former
Hoechst Celanese member Former

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Director, Corp Clinical Compliance Current

Robert D. Fechtner, MD, is Professor of Ophthalmology and Director, Glaucoma Division, at the Institute of Ophthalmology and Visual Science UMDNJ New Jersey Medical School in Newark, New Jersey. Dr. Fechtner received his bachelor of science degree in biomedical science and his medical degree from the University of Michigan School of Medicine. He completed his residency at Albert Einstein College of Medicine in New York. A fellowship in glaucoma followed at the University of California, San Diego, under a National Research Service Award from the National Institutes of Health. After several years on the faculty at University of Louisville, he and his family returned home to New Jersey where he joined the faculty at New Jersey Medical School. Dr. Fechtner has published over 70 articles and chapters and is on the editorial boards of American Journal of Ophthalmology and Journal of Glaucoma.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Professor of Ophthalmology and Director, Glaucoma Division Current
Ophthalmology, Ltd. Professor Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
New Jersey Medical School Faculty Former
University of Louisville Faculty Former
New-Com Inc. Former
University of Michigan Medical School Bachelor of Science Degree In Biomedical Science and His Medical Former

Charles B. O'Keeffe became a consultant to us in December 2004 and has served as our Senior Advisor since that time. Mr. O'Keeffe has also served as a member of our board of directors since December 2004. Mr. O'Keeffe is a Professor in the Department of Epidemiology and Community Health at Virginia Commonwealth University, and has served in such capacity since January 1, 2004. Mr. O'Keeffe joined VCU after retiring as President and chief executive officer of Reckitt Benckiser Pharmaceuticals, Inc., a position Mr. O'Keeffe held from 1991 until 2003. As President of Drug Abuse Rehabilitation Services (from 1970 until 1971), he developed the first child-resistant, abuse-resistant vehicle for dispensing methadone. He served as president of Washington Reference Laboratories from 1972 until 1975, which provided toxicology services to the Department of Defense during the Vietnam War. He has served in the White House (from 1970 until 1973 and from 1976 until 1980) for three presidents as advisor, special assistant for international health and deputy director for international affairs in the Office of Drug Abuse Policy and has served on U.S. delegations to the World Health Assembly and the U.N. Commission on Narcotic Drugs. Mr. O'Keeffe played a significant role in helping Congress reach consensus on the Drug Addiction Treatment Act of 2000.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Consultant Current
Virginia Commonwealth University Professor Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Committee Member Current

Charles B. O Keeffe became a consultant to us in December 2004 and has served as our Senior Advisor since that time. Mr. O Keeffe has also served as a member of our board of directors since December 2004. Mr. O Keeffe is a Professor in the Department of Epidemiology and Community Health at Virginia Commonwealth University ( VCU ), and has served in such capacity since January 1, 2004. Mr. O Keeffe joined VCU after retiring as President and Chief Executive Officer of Reckitt Benckiser Pharmaceuticals, Inc., a position Mr. O Keeffe held from 1991 until 2003. As President of Drug Abuse Rehabilitation Services (from 1970 until 1971), he developed the first child-resistant, abuse-resistant vehicle for dispensing methadone. He served as president of Washington Reference Laboratories from 1972 until 1975, which provided toxicology services to the Department of Defense during the Vietnam War. He has served in the White House (from 1970 until 1973 and from 1976 until 1980) for three presidents as advisor, special assistant for international health and deputy director for international affairs in the Office of Drug Abuse Policy and has served on U.S. delegations to the World Health Assembly and the U.N. Commission on Narcotic Drugs. Mr. O Keeffe played a significant role in helping Congress reach consensus on the Drug Addiction Treatment Act of 2000.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Consultant Current
Virginia Commonwealth University Prof Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current

Eugene Laska, PhD, is a professor in the Department of Psychiatry at New York University and the Director of the Statistical Sciences and Epidemiology Division of the Nathan S. Kline Institute for Psychiatric Research. Dr. Laska is a consultant to several pharmaceutical companies both large and small with regard to biostatistics and clinical trial design.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Professor In the Department of Psychiatry at New York University Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
New York University PhD Former

Jonathan Brodie, PhD, MD, is the Marvin Stern Professor of Psychiatry at New York University School of Medicine. Dr. Brodie completed his bachelor of science degree in chemistry as a Ford Foundation Scholar and his PhD in Physiological Chemistry (Organic Chemistry minor) at the University of Wisconsin-Madison. He was an NIH postdoctoral Fellow in Biochemistry at Scripps Clinic and Research Foundation and a tenured associate professor of Biochemistry at the School of Medicine at SUNY at Buffalo. He then received his MD degree at New York University School of Medicine and joined the faculty after completing his residency in psychiatry at NYU/Bellevue Medical Center. He is a member of the Promotions and Tenure Committee of the School of Medicine as well as a member of the Executive Advisory Committee of the General Clinical Research Center and the Protocol Review Committee of the Center for Advanced Brain Imaging (CABI) of Nathan Kline Institute. For 15 years, he was the NYU Director of the Brookhaven National Laboratory/NYUSOM collaboration investigating the use of positron emitters and PET in neuroscience and psychiatry. In addition, Dr. Brodie serves as a psychopharmacology preceptor to psychiatry residents. As a clinician, he treats patients in general issues of adult psychiatry including anxiety and depression.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Stern Professor of Psychiatry at New York University School of Medicine Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
New York University Residency Former
New York University School of Medicine Professor Former
Brookhaven National Laboratory Director Former
New York University School of Medicine Md Degree Former

Since 1985 Mr. Wallace has been actively involved in renal and dialysis services. He has co-founded numerous healthcare companies that subsequently became publicly traded. Most recently, in 1993, he co-founded and served as Chairman of Renex Corp., a publicly traded national dialysis company. In February 2000 Renex Corp was sold to a private company. Mr. Wallace has been a practicing attorney in Miami, Florida for over 35 years and currently is also the chairman or a director of several private companies.

Organization Position Status
Renal Carepartners,Inc Chairman and CEO Current
Catalyst Pharmaceutical Partners, Inc. Attorney Current
National Spine Center Chairman of the Board of Directors Current
Preferred Care Partners Holding Corp. Vice Chairman Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Imperial Industries, Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Committee Member Current
Renex Co-Founder Former
Renex Chairman Former

Richard A. Rawson, PhD, is a professor-in-residence at the University of California, Los Angeles (UCLA) Department of Psychiatry, where he has been a member of the faculty for more than 20 years. He serves as an associate director of the UCLA Integrated Substance Abuse Programs, overseeing a portfolio of addiction research, including brain imaging studies, numerous clinical trials on pharmacological and psychosocial addiction treatments and the study of how new treatments are applied in the treatment system. During the past decade, Dr. Rawson has worked with the U.S. State Department on large substance-abuse research-and-treatment projects, exporting U.S. technology and addiction science to Mexico, Thailand, Israel, Egypt, South Africa and the Palestinian Authority. He directs the capacity-building and training component of the United Nations International Network of Drug Treatment and Rehabilitation Resource Centers. He is also principal investigator of the Pacific Southwest Addiction Technology Center and the NIDA Methamphetamine Clinical Trials Group. Dr. Rawson has published two books, 20 book chapters and more than 175 professional papers. He conducts more than 50 workshops annually as well as paper presentations and training sessions. Dr. Rawson earned his PhD degree in experimental psychology from the University of Vermont.

Organization Position Status
Catalyst Pharmaceutical Partners, Inc. Professor, In Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
University of Vermont Doctor of Philosophy, Experimental Psychology Former
University of California, Los Angeles PhD Former

Stephen L. Dewey, PhD, is a clinical research consultant to Catalyst and has studied vigabatrin (CPP-109) for more than 12 years in the lab and in baboon and rat animal models. Dr. Dewey is a senior chemist at Brookhaven National Laboratory and is a recognized authority in positron emission tomography (PET), which uses certain compounds to visualize and quantify biochemical processes as well as the distribution and movement of drugs in the living human and animal body. Dr. Dewey has been with Brookhaven since 1986, serving as Assistant Chemist, Associate Chemist, Chemist, Tenured Scientist and Senior Chemist. Dr. Dewey is also a research professor of psychiatry at the New York University School of Medicine and an adjunct professor of neurobiology and behavior at SUNY at Stony Brook. Dr. Dewey has been developing a novel approach to treating addiction within Brookhaven's PET program and is devoted to research within this area and sharing this research with the public.

Organization Position Status
Brookhaven National Laboratory Chemist Current
Catalyst Pharmaceutical Partners, Inc. Clinical Research Consultant Current
New York University School of Medicine Research Professor Current
Suny Adjunct Professor Current
Brookhaven Inc. Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current

David S. Tierney, M.D. has served as a member of our board of directors since October 2002. Dr. Tierney has served as the president and chief executive officer of Valera Pharmaceuticals, Inc. a specialty pharmaceutical company, since 2000 and has served as a director since 2001. From January 2000 to August 2000, Dr. Tierney served as President of Biovail Technologies, a division of Biovail Corporation, a Canadian drug delivery company, where he was responsible for all of Biovail's research and development, regulatory and clinical activities. From March 1997 to January 2000, Dr. Tierney was Senior Vice President of Drug Development at Roberts Pharmaceutical Corporation, where he was responsible for all research and development activities, and for drug development, medical affairs, worldwide regulatory affairs and chemical process development, as well as being part of the executive management team. From December 1989 to March 1997, Dr. Tierney was employed by lan Corporation, a pharmaceutical company, in a variety of management positions. Dr. Tierney received his medical degree from the Royal College of Surgeons in Dublin, Ireland and was subsequently trained in internal medicine.

Organization Position Status
Oceana Therapeutics, Inc. President Current
Oceana Therapeutics, Inc. Chief Operating Officer Current
Oceana Therapeutics, Inc. Board of Directors Current
NexMed, Inc. Board Member Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Indevus Pharmaceuticals, Inc. - NJ Board of Directors Current
Bioject Medical Technologies Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Member Current
Endo Pharmaceuticals Solutions Inc. Chief Executive Officer Former
Hms Chief Executive Officer Former
Indevus Pharmaceuticals, Inc. - NJ Chief Executive Officer Former
Biovail Corporation President Former
Hms President Former
Endo Pharmaceuticals Solutions Inc. President Former
Biovail Technologies Ltd. President Former
Indevus Pharmaceuticals, Inc. - NJ President Former
Elan Corporation, PLC Director of Medical Affairs Former
Elan Corporation, PLC Head of Worldwide Clinical Research Former
Elan & Co Llp Former

Donald R. Jasinski, MD, is Chief of the Center for Chemical Dependency, Johns Hopkins Bayview Medical Center. Dr. Jasinski was the first scientist to recognize the characteristics of buprenorphine, developed in the 1970s as an injectable pain medication, as useful for addiction treatment. His work led to the successful development of Suboxone and Subutex, versions of buprenorphine to treat opioid dependence.

Organization Position Status
Chemical Dependency Chief of the Center Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current

Organization Position Status
Thermogenesis Corp Chief Executive Officer Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Member Current
Thermogenesis Corp President Former
Ess Inc. President Former
Thermogenesis Corp Chairman and Chief, Executive Officer Former
Thermogenesis Corp Vice President of Research & Development Former
Thermogenesis Corp Director of Research and Development Former
Thermogenesis Corp Board of Directors Former
University of California Bachelor of Science Degree In Mechanical Engineering Former
University of California, Davis Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
Veterans Affairs Chief Current
Kansas City VA Medical Center Research Director Current
Baylor College Prof Current
Baylor College of Medicine Professor Current
Synosis Jay H Waggoner Chair Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Veterans Affairs Professor Former

Executive News

  • Catalyst Pharmaceutical Partners Licenses Exclusive Rights to New Class of GABA Aminotransferase Inhibitors From Northwestern University

    Pharma Live - 9/02/09 - View Story

  • Catalyst Pharmaceutical signs licensing agreement with Northwestern University

    TradingMarkets - 9/01/09 - View Story

  • Catalyst Pharmaceutical signs licensing deal with Northwestern

    Biz Journals - 8/31/09 - View Story

  • Catalyst Pharmaceutical Partners Licenses Exclusive Rights to New Class of GABA Aminotransferase Inhibitors From Northwestern University

    PR Newswire - 8/31/09 - View Story

  • Catalyst Pharmaceutical signs licensing deal with Northwestern

    South Florida Business Journal - 8/31/09 - View Story

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     CPRX $0.68 +0.03 (4.62% )
Average Volume 142,868
Shares Outstanding 18.04M
Market Cap 12.3M
Year High 2.84
Year Low 0.39
Earnings Per Share -0.71
P/E Ratio -0.96
Dividend N/A
Yield N/A
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