BNET Industries
Market Cap:$19.2M
Last Fiscal Year Sales:$11.0M
- Public
- US
Dow Jones Description
Chembio Diagnostic Systems, Inc. is a US company serving the increasing global demand for rapid tests needed for the effective prevention and treatment of infectious diseases, and other conditions. Chembio's focus is on developing, manufacturing and marketing tests for the rapid, simple and cost-effective detection of HIV, Tuberculosis (human and veterinary), and certain other Neglected Diseases. Chembio has a proven commitment toward ensuring sustainable supplies of high quality rapid tests to those who need them by using innovative, socially responsible strategies. Chembio Diagnostic Systems, Inc. operates a cGMP/QS (Good Manufacturing Facility/Quality Systems) manufacturing facility that is registered with the US FDA (Food and Drug Administration). The facility includes dedicated cGMP process manufacturing, Quality Control and R&D laboratories. The company manufacturers class II and class III in vitro diagnostic devices. Chembio 's HIV assays have been incorporated into the World Health Organization (WHO) Bulk Procurement Scheme and the USAID blanket Waiver List which allows them to be procured with US government funds. In 2006, Former President Bill Clinton announced that his foundation's HIV/AIDS Initiative negotiated new pricing agreements to lower the prices of HIV diagnostics and two antiretrovirals (ARVs). These products and pricing include Chembio's STAT-PAK HIV 1 / 2 Dipstick. ...
Chief Executive Officer, Director, West Africa Region
Joseph A NnoromNumber of Employees 74
Peer Companies
NAICS Code Pharmaceutical Preparation Manufacturing: 325412
Recent Events
-
Chembio Diagnostics reports Q3 net income
-
Chembio Diagnostics reports Q2 net income
News & Analysis
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chembio diagnostics inc. - All News and Analysis
Chembio Reports First Quarter 2007 Results
Chembio Diagnostics, Inc. (OTCBB: CEMI) reported first-quarter 2007 financial results. The Company has scheduled a web-cast conference call for 2:00PM Eastern Daylight time on Tuesday May 15, 2007 to discuss the first quarter results. Details for the web-cast can be found at the end of this press release....
Chembio Reports $8.15 Million Private Financing
NEW YORK -- Chembio Diagnostics, Inc. (OTCBB:CEMI) today reported a private placement transaction in the total amount of $8.15 million of Series C 7% Convertible Preferred Stock together with warrants to purchase common stock. The private placement was co-led by Inverness Medical Innovations, Inc. and Crestview Capital Master, LLC, each...
Chembio Edges Closer to Entering the $50 Million Veterinary TB Market
MEDFORD, N.Y. -- Chembio Diagnostics, Inc. (OTCBB:CEMI), has made substantial progress towards the launch of its PrimaTB STAT-PAKTM rapid test and pending completion of the external reproducibility studies and USDA facility inspection and licensure, plans commercial release of the test in late 2006. The test is for simple and rapid...
Guru Alerts for Wednesday, March 8, 2006 CEMI, ONEV, SELA, GZFX.
M2 PRESSWIRE-8 March 2006-Stockguru.com: Guru Alerts for Wednesday, March 8, 2006 CEMI, ONEV, SELA, GZFX.C1994-2006 M2 COMMUNICATIONS LTD RDATE:08032006 Dallas, Texas - Stock Guru Alerts for Wednesday include Chembio Diagnostics Inc. (OTCBB:CEMI), One Voice Technologies, Inc. (OTCBB:ONEV), Seitel, Inc. (OTCBB:SELA), and...
Daily Market Movers Digest Midday Stock Alerts, Thursday, January 12th, DCBI, BTYH, TVOG, MLPH, CEMI, SOLM.
M2 PRESSWIRE-12 January 2006-OTCPicks.com: Daily Market Movers Digest Midday Stock Alerts, Thursday, January 12th, DCBI, BTYH, TVOG, MLPH, CEMI, SOLMC1994-2006 M2 COMMUNICATIONS LTD RDATE:12012006 Today our stock watch alerts today include Featured Profiles for DC Brands International, Inc. (OTC: DCBI), Bad...
Guru Alerts for Thursday, December 29, 2005 CEMI, UALAQ, CWTD, WLSF.
M2 PRESSWIRE-29 December 2005-Stockguru.com: Guru Alerts for Thursday, December 29, 2005 CEMI, UALAQ, CWTD, WLSF.C1994-2005 M2 COMMUNICATIONS LTD RDATE:29122005 Dallas, Texas - Stock Guru Alerts for Thursday include Chembio Diagnostics Inc. (OTCBB:CEMI), UAL Corporation (OTCBB:UALAQ), China World Trade Corporation (OTCBB:CWTD),...
Guru Alerts for Tuesday, December 27, 2005 CEMI, CAMH, ONEI, EDIG.
M2 PRESSWIRE-28 December 2005-Stockguru.com: Guru Alerts for Tuesday, December 27, 2005 CEMI, CAMH, ONEI, EDIG.C1994-2005 M2 COMMUNICATIONS LTD RDATE:27122005 Dallas, Texas - Stock Guru Alerts for Tuesday include Chembio Diagnostics Inc. (OTCBB:CEMI), Cambridge Heart, Inc. (OTCBB:CAMH), Oneida Ltd. (OTCBB:ONEI), and...
Guru Alerts for Tuesday, December 20, 2005 CEMI, UALAQ, HQSM, LTHU.
M2 PRESSWIRE-20 December 2005-Stockguru.com: Guru Alerts for Tuesday, December 20, 2005 CEMI, UALAQ, HQSM, LTHU.C1994-2005 M2 COMMUNICATIONS LTD RDATE:20122005 Dallas, Texas - Stock Guru Alerts for Tuesday include Chembio Diagnostics Inc. (OTCBB:CEMI), UAL Corporation (OTCBB: UALAQ), HQ Sustainable Maritime Industries,...
Chembio Diagnostics, Inc.'s Registration Statement Becomes Effective
MEDFORD, N.Y. -- Chembio Diagnostics, Inc. (OTCBB:CEMI) announced today that its latest registration statement on Form SB-2 became effective with the Securities and Exchange Commission at 4:00 p.m. on May 23, 2005. Lawrence Siebert, CEO of Chembio stated, "We are extremely pleased that our registration statement has become effective....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Joseph A Nnorom | Chief Executive Officer, Director, West Africa Region |
| Richard J Larkin | Chief Financial Officer |
| Bob Aromando | Executive Vice President of Commercial Operations |
| Javan Esfandiari | Senior Vice President, Research & Development |
| Avi Pelossof | Vice President Sales, Marketing and Business Development |
| Cathy Dudnanski | Vice President, Marketing |
| David Gates | Vice President of Regulatory Affairs, Quality Assurance and Quality Control |
| Les Stutzman | Vice President, Marketing |
| Peter Andersen | Vice President of Vaccine Research and Development |
| Rick Bruce | Vice President, Operations |
| Tom Ippoli | Vice President of Regula |
| Tom Ippolito | Vice President of Regulatory Affairs, Quality Assurance and Quality Control |
| Alan Carus | Director |
| James Merselis | Director |
| Mark L Baum | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Lawrence A Siebert | Chief Executive Officer, President and Chairman of the Board |
| Gary Meller | Director, Chairman of The Compensation Committee, Member of The Audit & Nominating Committees |
| Katherine L Davis | Director, Chairman of The Nominating and Audit Committees, Member of Compensation Committee |
| Allen Moore | Board of Directors |
| Gerald Eppner | Board of Directors |
| James Koziarz | Board of Directors |
| Lyon Katherine | Board of Directors |
| Mariano Levin | Board of Directors |
| Peter Anderson | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Chief Executive Officer, Director, West Africa Region | Current |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Chief Executive Officer, President and Chairman of the Board | Current |
| Chem-Bio | President and Director | Current |
| Stockguru.Com | Current | |
| Chem-Bio | Chairman | Current |
| Siebert & Associates Inc | Broker | Former |
| Stanwich Partners | Former | |
| Case Western Reserve University | Jd | Former |
| University of Connecticut | Ba With Distinction In Economics | Former |
Mr. Larkin oversees Chembio's financial activities and information systems. He has been Chief Financial Officer of Chembio Diagnostic Systems, Inc. since September 2003. Prior to joining Chembio Diagnostic Systems Inc., Mr. Larkin served as CFO at Visual Technology Group from May 2000 to September 2003. He led their consultancy program providing hands-on expertise in all aspects of financial service, including initial assessment of client financial reporting requirements within an Enterprise Resource Planning (Manufacturing) environment. Prior to joining VTG, he served as CFO at Protex International Corporation from May 1987 to January 2000. Mr. Larkin holds a BBA in Accounting from Dowling College and is a member of the American Institute of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Chem-Bio | Chief Financial Officer | Current |
| Chembio Diagnostics, Inc. | Chief Financial Officer | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Stockguru.Com | Current | |
| American Institute of Certified Public Accountants | Board of Directors | Current |
| Visual Technology Group, Inc. | Cfo | Former |
| Protex International | Cfo | Former |
| Dowling College | Bba In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Executive Vice President of Commercial Operations | Current |
| American Bio Medica Corporation | Chief Executive Officer | Former |
| American Bio Medica Corporation | Interim President | Former |
| Chembio Diagnostics, Inc. | Senior Vice President, Commercial Operations | Former |
| K Street Associates LLC | Founder | Former |
| Roche Diagnostic Systems, Inc. | Director of Global Marketing | Former |
| Hunterdon Drug Awareness Program, Inc | Board Member | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Senior Vice President, Research & Development | Current |
| Stockguru.Com | Current | |
| Lund University | B.Sc. in Clinical Chemistry and his M | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President Sales, Marketing and Business Development | Current |
| Stockguru.Com | Current | |
| IMS Group | Managing Director | Former |
| IMS Group | Co-Founder | Former |
| Chembio Diagnostics, Inc. | Marketing Executive | Former |
| Chem-Bio | Former | |
| New York University | MBA in finance and international business | Former |
| University of Michigan | BA with Distinction in economics | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President, Marketing | Current |
| Chembio Diagnostics, Inc. | Marketing Director | Current |
| Zeptometrix Corporation | Director of Sales & Marketing | Former |
| Hemagen Diagnostics, Inc. | Director of Sales & Marketing | Former |
| Roanoke College | B.S. In Medical Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President of Regulatory Affairs, Quality Assurance and Quality Control | Current |
| The University of Tennessee | PhD | Former |
In 2005, Mr. Stutzman joined Chembio as Vice President of Marketing to lead the development and launch of rapid tests for veterinary and human TB and other veterinary products. Mr. Stutzman has spent over twenty years in marketing leadership positions within various diagnostics companies. He has held Global Director and Business Development Director positions in Marketing for diagnostic companies including bioMerieux Inc., (formerly Organon Teknika Corp.), Durham, North Carolina and TREK Diagnostic Systems, Cleveland, Ohio. Mr. Stutzman received his MBA in Marketing from Duke University Fuqua School of Business in 1988 and his Masters in Microbiology from Wagner College in 1982. Mr. Stutzman is MT (ASCP) SM certified.
| Organization | Position | Status |
|---|---|---|
| Chem-Bio | Vice President, Marketing | Current |
| Chembio Diagnostics, Inc. | Vice President, Marketing | Current |
| Biomerieux, Inc | Business Development Director | Former |
| Wagner College | Masters In Microbiology | Former |
| Duke University, The Fuqua School of Business | Mba In Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President of Vaccine Research and Development | Current |
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President, Operations | Current |
| Chem-Bio | Vice President of Operations | Current |
| Stockguru.Com | Current | |
| Panacos Pharmaceuticals, Inc. | Senior Manager | Former |
| National-Louis University | BS In Management | Former |
| Biomerieux, Inc | Former | |
| American Home Products Corporation | Director | Former |
| National-Louis University | Bs In Management | Former |
Tom Ippoli to ( 4 6 ), VP of Regulatory Affairs, QA and QC. Mr. Ippolito joined Chembio in June 2005. He has over twenty years experience with in vitro diagnostics for infectious diseases, protein therapeutics, vaccine development, Process Development, Regulatory Affairs and Quality Management. Over the years, Mr. Ippolito has held Vice President level positions at Biospecific Technologies, Corp. from 2000 - 2005, Director level positions in Quality Assurance, Quality Control, Process Development and Regulatory Affairs at United Biomedical, Inc. from 1987 - 2000. Mr. Ippolito is the Course Director for "drug development process" and "FDA Regulatory Process" for the BioScience Certificate Program at the New York State University of Stony Brook, a program he has been a part of since its inception in 2003.
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Vice President of Regula | Current |
Mr. Ippolito joined Chembio in June 2005. He has over 20 years experience with in vitro diagnostics for infectious diseases, protein therapeutics, vaccine development, Process Development, Regulatory Affairs and Quality Management. Over the years, Mr. Ippolito has held Vice President level positions at Biospecific Technologies, Corp., Director level positions in Quality Assurance, Quality Control, Process Development and Regulatory Affairs at United Biomedical, Inc. Mr. Ippolito is also the Course Director "drug development process" and "FDA regulations", a BioScience Certificate program at New York State University of Stony Brook.
| Organization | Position | Status |
|---|---|---|
| Chem-Bio | Vice President, Regulatory Affairs, Qa & Qc | Current |
| Chembio Diagnostics, Inc. | Vice President of Regulatory Affairs, Quality Assurance and Quality Control | Current |
| Stockguru.Com | Current | |
| United Biomedical Inc. | guest instructor | Former |
| The State University of New York | Certificate Program | Former |
Dr. Gary Meller (55), Director. Dr. Meller was elected to our Board of Directors on March 15, 2005. Dr. Meller has been the president of CommSense Inc., a healthcare business development company, since 2001. CommSense Inc. works with clients in Europe, Asia, North America, and the Middle East on medical information technology, medical records, pharmaceutical product development and financing, health services operations and strategy, and new product and new market development. From 1999 until 2001 Dr. Meller was the executive vice president, North America, of NextEd Ltd., a leading internet educational services company in the Asia Pacific region. Dr. Meller also is a limited partner and a member of the Advisory Board of Crestview Capital Master LLC, which was the lead investor in our series B preferred stock private placement. Dr. Meller is a graduate of the University of New Mexico School of Medicine and has an MBA from the Harvard Business School.
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Director, Chairman of The Compensation Committee, Member of The Audit & Nominating Committees | Current |
| Chembio Diagnostics, Inc. | Director | Current |
| Nexted Limited | Executive Vice President | Former |
| University of New Mexico School of Medicine | Former |
| Organization | Position | Status |
|---|---|---|
| Davis Design Group | Owner | Current |
| Chembio Diagnostics, Inc. | Director, Chairman of The Nominating and Audit Committees, Member of Compensation Committee | Current |
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Global Access Point | Chief Executive Officer | Former |
| The City of Indianapolis .Com | Controller | Former |
Mr. Carus was elected to Chembio's Board of Directors on April 15, 2005. He is a co-founder of LARC Strategic Concepts LLC, a consulting firm dedicated to guiding emerging companies to next stage development. Prior to co-founding LARC Strategic Concepts LLC, Mr. Carus was Senior Vice President of Maritime Overseas Corporation ("MOC") and a senior executive of Overseas Ship holding Group, Inc. ("OSG") from 1981 to 1998 when he retired. MOC was managing agent for OSG, one of the world's largest ship-owners. He was a member of OSG's senior management committee and had senior responsibility in areas relating to administration, accounting, tax, finance, budgets, long-range projections, and human resources. Mr. Carus was involved in numerous acquisitions, debt and equity offerings, complex transaction structuring, and was active in the management of OSG's major investments in the cruise industry and other development stage companies. From 1964 to 1981, he was with Ernst & Young (including predecessors), the last seven years as a partner. Mr. Carus has a B.B.A. from the Baruch School of Business of the City College of New York.
| Organization | Position | Status |
|---|---|---|
| Larc Strategic Concepts LLC | Co-Founder | Current |
| Stockguru.Com | Current | |
| Chembio Diagnostics, Inc. | Director | Current |
| Chem-Bio | Board of Directors | Current |
| Overseas Shipholding Group, Inc. | Senior Executive | Former |
| Ernst & Young | Former | |
| City College of New York | B.B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Emeritus Capital Partners, LLC | General Counsel | Current |
| Emeritus Capital Partners, LLC | Vice Chairman | Current |
| GIF Acceptance | Board of Directors | Current |
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| George Washington Law Review | Lead Articles Editor | Former |
| The George Washington University Law School | J.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Director | Current |
| HemoSense, Inc. | CEO | Former |
| HemoSense, Inc. | President | Former |
| Boehringer Mannheim | Former | |
| HemoSense, Inc. | Director | Former |
| Nebraska Wesleyan University | Bachelor of Science degree in Biology | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Business Consulting Group Unlimited, Inc | Managing Director | Current |
| Arpad Energy, Inc. | General Counsel | Current |
| Chembio Diagnostics, Inc. | Director | Current |
| Business Consulting Group Unlimited, Inc | Founder | Former |
| Organization | Position | Status |
|---|---|---|
| Chembio Diagnostics, Inc. | Board of Directors | Current |
Executive News
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Chembio Diagnostics reports Q2 net income
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