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 Nnorom
Number of Employees 74
Contact Information

3661 Horseblock Road

Medford, New York 11763

chembio.com

(631) 924-1135

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Chembio Diagnostics reports Q3 net income

    11/06/09 - Financial Announcement - View Story

  • Chembio Diagnostics reports Q2 net income

    8/10/09 - Financial Announcement - View Story

News & Analysis

chembio diagnostics inc. - All News and Analysis

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

  • Chembio Diagnostics reports Q2 net income

    TradingMarkets - 8/10/09 - View Story

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     CEMI $0.28 -0.02 (-6.67% )
Average Volume 181,572
Shares Outstanding 61.94M
Market Cap 17.3M
Year High 0.39
Year Low 0.075
Earnings Per Share -0.03
P/E Ratio -9.33
Dividend N/A
Yield N/A
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