BNET Industries

Last Fiscal Year Sales:$20.2M
  • Public
  • US
Dow Jones Description

We are a biopharmaceutical company focused on discovering and developing TLR Therapeutics , a novel class of drug candidates, for several disease indications including cancers, asthma and allergic disorders, and to enhance the effectiveness of vaccines. We began operations in 1998. We and our collaborators currently have three drug candidates in clinical trials, all of which agonize, or stimulate, one specific Toll-like receptor (TLR), TLR9. Our most advanced clinical compound is VaxImmune , our proprietary vaccine adjuvant. In October 2007, GlaxoSmithKline (GSK) initiated a Phase III clinical trial with VaxImmune as part of GSKs MAGE-A3 cancer immunotherapeutic in patients with early stage, completely resected non-small cell lung cancer or NSCLC (stage IB, II or IIIA NSCLC). The randomized, double-blind, and placebo-controlled MAGRIT trial (MAGE-A3 as Adjuvant NSCLC Immunotherapy) is expected to enroll approximately 2,270 patients with stage IB, II or IIIA resectable NSCLC. The primary endpoint of the trial is disease-free survival. We have an exclusive license with Pfizer Inc. (Pfizer) for the development and commercialization of our lead TLR9 agonist compound in cancer, PF-3512676. In June 2007, we announced that Pfizer discontinued its development program in advanced lung cancer with PF-3512676 in combination with cytotoxic chemotherapy. This included two Phase III clinical trials and two Phase II clinical trials.

Executive Vice President, Research and Development and Chief Scientific Officer
Arthur M. Krieg
Number of Employees 150
Contact Information

93 Worcester St Ste 101

Wellesley, Massachusetts 02481

coleypharma.com

(781) 431-9000

NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510

Recent Events

  • Molecular Insight Pharmaceuticals, Inc. Announces Second Quarter 2009 Financial and Operational Results

    8/10/09 - Merger / Acquisition - View Story

News & Analysis

coley pharmaceutical group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Arthur M. Krieg Executive Vice President, Research and Development and Chief Scientific Officer
Charles H. Abdalian Chief Financial Officer
H Charles Jr Senior Vice President, Finance and Cfo
Christine Swenson
Kenneth M. Bate Director
Robert J. Hugin Director

Board of Directors

Name (plus bio) Position
Anthony B. Evnin Board of Directors
Christoph Schroeder Board Member
James E. Thomas Board of Directors
Manfred Karobath Board of Directors
Patrick J. Langlois Board of Directors

Arthur M. Krieg, M.D. Dr. Krieg is our scientific co-founder and has been our Executive Vice President, Research and Development since February 2007, prior to which he had served as Senior Vice President, Research and Development since April 2001 and Chief Scientific Officer since May 1997. Dr. Krieg served as Staff Fellow at the National Institute of Arthritis, Musculoskeletal and Skin Diseases at the National Institute of Health after his internship and residency in internal medicine at the University of Minnesota. Dr. Krieg has been a Professor of Medicine in the University of Iowa s Department of Internal Medicine since April 1999. He is currently on an indefinite leave of absence from his position at the University of Iowa. Dr. Krieg received his B.S. in biology from Haverford College and his M.D. from Washington University in St. Louis, Missouri.

Organization Position Status
Coley Pharmaceutical Group Inc. Executive Vice President, Research and Development and Chief Scientific Officer Current
Cancer Immunity Executive Vice President, Research and Development, Chief Scientific Officer Current
Coley Pharmaceutical Group Inc. Co-Founder Former
Washington University M.D. Former
Haverford College B.S. In Biology Former

Organization Position Status
Coley Pharmaceutical Group Inc. Chief Financial Officer Current
Cancer Immunity Senior Vice President, Finance, Chief Financial Officer Current
Emisphere Technologies, Inc. Chief Financial Officer Former
Wharton Graduate School of the University of Pennsylvania MBA Degree Former
Norwich University B.S. Degree Former

Organization Position Status
Coley Pharmaceutical Group Inc. Senior Vice President, Finance and Cfo Current

Chris joined ImmunoGen in August 2004 as Senior Director, Regulatory Affairs and was promoted to her current position in July 2005. Chris has twenty years of experience in regulatory affairs and quality assurance for biotechnology healthcare products, and has held positions of increasing responsibility at a number of firms in our industry, including Sepracor, Transkaryotic Therapies, Inc. (TKT), and Coley Pharmaceutical Group. Prior to joining ImmunoGen, she was Director of Regulatory and Quality at the Dow Chemical Biopharmaceutical Contract Manufacturing Services facility in Smithfield, RI. Chris has a BS degree from Stonehill College.

Organization Position Status
ImmunoGen, Inc. Executive Director, Regulatory Affairs and Quality Current
Coley Pharmaceutical Group Inc. Current
Sepracor Inc. Current
ImmunoGen, Inc. Senior Director Former
Stonehill College Bs Degree Former

Anthony B. Evnin, Ph.D. , a director since October 2006, is a General Partner of Venrock, a venture capital firm, where he has been a Partner since 1975. He is currently a member of the Board of Directors of Icagen, Inc., Infinity Pharmaceuticals, Inc and Sunesis Pharmaceuticals, Inc., as well as being on the Board of Directors of a number of private companies. Dr. Evnin received an A.B. in Chemistry from Princeton University and a Ph.D. in Chemistry from the Massachusetts Institute of Technology.

Organization Position Status
Venrock Associates Managing General Partner Current
Pharmos Corporation Managing General Partner, Venrock Associates Current
Renovis, Inc. Board of Directors Current
Infinity Pharmaceuticals, Inc Board of Directors Current
Vela Pharmaceuticals, Inc. Current
Infinity Pharmaceuticals, Inc Chair of Infinity's Nominating and Governance Committee Current
Venrock Associates Board of Directors Current
Acceleron Pharma Inc Board of Directors Current
The Rockefeller University Board of Directors Current
Uv Partners Board of Directors Current
Coley Pharmaceutical Group Inc. Board of Directors Current
Icagen, Inc. Board of Directors Current
Alta Partners Director Current
Memory Pharmaceuticals Corp. Board of Directors Current
Pharmos Corporation Director Current
Altea Therapeutics Board Member Current
Metabolex, Inc. Board Member Current
Aveo Pharmaceuticals, Inc. Board of Directors Current
Cancer Immunity Board of Directors Current
Triangle Pharmaceuticals, Inc. Board of Directors Current
Celladon Director Current
Caliper Technologies Board of Directors Current
Syntonix Pharmaceuticals, Inc. Director Current
Sonic Innovations, Inc. Board of Directors Current
Union Carbide Corporation Research Scientist Former
Gilead Sciences, Inc. Former
Sunesis Pharmaceuticals, Inc. Board of Directors Former
IDEXX Laboratories, Inc. Investor Former
Sepracor Inc. Investor Former
Triangle Pharmaceuticals, Inc. Investor Former
Sonic Innovations, Inc. Investor Former
Centocor, Inc. Investor Former
Caliper Life Sciences, Inc. Investor Former
IDEC Pharmaceuticals Investor Former
Massachusetts Institute of Technology Ph.D. in chemistry Former
Massachusetts, Inc. Ph.D. In Chemistry Former
Princeton University A.B. Former
Memory Pharmaceuticals Corp. member Former

Organization Position Status
Techno Venture Management Venture Partner Current
Coley Pharmaceutical Group Inc. Board Member Current
Corporate Marketing, Inc. President Former

Organization Position Status
Thomas, McNerney & Partners Co-Founder and Partner Current
Clarus Therapeutics Inc Managing Partner Current
Solstice Neurosciences, Inc. Board Member Current
Galil Medical Inc. Board Member Current
Cancer Immunity Board of Directors Current
Clarus Therapeutics Inc Board of Directors Current
Coley Pharmaceutical Group Inc. Board of Directors Current
McNerney Partner Former
Warburg Pincus, LLC Head Former
Wright Medical Group, Inc. Board of Directors Former
American Medical Systems Holdings, Inc. Investor Former
Wright Medical Group, Inc. Investor Former
The Medicines Company Investor Former
The London School of Economics M.Sc. in Economics Former
Wharton Graduate School of the University of Pennsylvania B.A. Degree Former
University of Pennsylvania B.S. Former
The Wharton School of the University of Pennsylvania B.A. Degree Former
The London School of Economics Degree In Economics Former

Mr. Bate is President and Chief Executive Officer of NitroMed, Inc. Mr. Bate most recently served as executive vice president at Millennium Pharmaceuticals where, through 2004, his duties included chief financial officer and head of commercial operations. In 1999, he co-founded JSB Partners, an investment banking and transaction advisory firm focused on the biopharmaceutical industry. He was a partner at JSB Partners until 2002. From 1997 to 1999, Mr. Bate served as senior managing director and chief executive officer of MPM Capital, LP, a venture capital company. He was also an advisor to BB Bioventures, a venture capital fund. Mr. Bate's life sciences industry experience also includes six years at Biogen (now Biogen IDEC); from 1993 to 1996 as the company's vice president of sales and marketing, and as chief financial officer from 1990 to 1993. Currently a director of Cubist Pharmaceuticals, Inc. and Coley Pharmaceutical Group, Inc., he is a graduate of Williams College and The Wharton School of the University of Pennsylvania, where he earned an M.B.A.

Organization Position Status
Cancer Immunity Board of Directors Current
Cubist Pharmaceuticals, Inc. Member of the Board of Directors Current
Aveo Pharmaceuticals, Inc. Board of Directors Current
Coley Pharmaceutical Group Inc. Director Current
Archemix Corp Board of Directors Current
MPM Capital Limited Partnership Chief Executive Officer Former
Archemix Corp President & CEO Former
NitroMed, Inc. President, CEO & Interim CFO Former
Millennium Pharmaceuticals, Inc. Chief Financial Officer Former
Biogen, Inc. Chief Financial Officer Former
NitroMed, Inc. Chief Operating Officer and Chief Financial Officer Former
Biogen, Inc. Executive Vice President Former
Millennium Pharmaceuticals, Inc. Executive Vice President Former
Biogen Idec, Inc. Vice President, Marketing and Sales Former
Biogen, Inc. Vice President of Sales and Marketing Former
MPM Capital Limited Partnership Senior Managing Director Former
Jsb Partners Co-Founder Former
Jsb Partners Partner Former
Biogen, Inc. Head of Commercial Operations Former
Millennium Pharmaceuticals, Inc. Head of Commercial Operations Former
Jsb Partners Consultant Former
NitroMed, Inc. Board of Directors Former
The Wharton School of the University of Pennsylvania M.B.A. Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
Williams College B.A. Degree In Chemistry Former
Cubist Pharmaceuticals, Inc. member Former

Professor Dr. Manfred Karobath, 67, has been a member of the Supervisory Board since 2000 and joined the Compensation Committee in 2005. Prof. Dr. Karobath studied medicine, and from 1967 to 1980 he worked first in the Dept. of Biochemistry of the University of Vienna and, after a stage as postdoctoral fellow, he joined the Dept. of Psychiatry where he became professor of biological Psychiatry. In 1980, he joined Sandoz Pharma in Basel, first, in drug discovery, and later, he became Senior Vice President and head of R&D. In 1992, Prof. Dr. Karobath joined Rhone Poulenc Rorer (“RPR”) as President of R & D and Executive Vice President, and later, he became a member of the boards of directors of RPR, Pasteur Mérieux Connought, Centeon and Rhone Poulenc Pharma. He has received several scientific awards and has published 92 scientific papers.

Organization Position Status
QIAGEN N.V. Prof Current
Cancer Immunity Board of Directors Current
Coley Pharmaceutical Group Inc. Board of Directors Current
Rhone-Poulenc Rorer President Former
Rhone-Poulenc Rorer Executive Vice President Former
Sandoz Pharmaceuticals Senior Vice President Former
Sandoz Pharmaceuticals Head of Research Former

Organization Position Status
Coley Pharmaceutical Group Inc. Board of Directors Current
Sanofi-Aventis Former

Robert J. Hugin has been a director since April 2003. Since May 2006, Mr. Hugin has served as the President and Chief Operating Officer of Celgene Corporation, a biopharmaceutical company focused on cancer and immunological diseases. From June 1999 to May 2006, Mr. Hugin served as the Senior Vice President and Chief Financial Officer of Celgene. From 1985 to 1999, Mr. Hugin held positions with J.P. Morgan & Co. Inc., an investment banking firm, serving most recently as a Managing Director. Mr. Hugin is a director of Celgene Corporation and Atlantic Health System, Inc. Mr. Hugin received an A.B. from Princeton University and an M.B.A. from the University of Virginia.

Organization Position Status
Celgene Corporation President Current
Lead Discovery President and Chief Operating Officer Current
Rare Diseases Clinical Research Network President and Chief Operating Officer Current
Pharmion Corporation President and Chief Operating Officer Current
Celgene Corporation Chief Operating Officer Current
The Medicines Company Independent Director, Chair of Audit Committee Current
Angiox Independent Director, Chair of Audit Committee Current
Cancer Immunity Board of Directors Current
Family Promise Board of Directors Current
Atlantic Health System Inc. Director Current
Celgene Corporation Board of Directors Current
Coley Pharmaceutical Group Inc. Director Current
Rare Diseases Clinical Research Network Senior Vice President and Chief Financial Officer Former
Multiple Myeloma Senior Vice President and Chief Financial Officer Former
Celgene Corporation Senior Vice President Former
United States, Inc. Marine Corps Infantry Officer Former
University of Virginia M.B.A. Former
Princeton University A.B. Former
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