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. KriegNumber of Employees 150
Contact Information
93 Worcester St Ste 101
Wellesley, Massachusetts 02481
(781) 431-9000
Peer Companies
NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510
Recent Events
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Molecular Insight Pharmaceuticals, Inc. Announces Second Quarter 2009 Financial and Operational Results
News & Analysis
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coley pharmaceutical group inc. - All News and Analysis
The Industry
News FocusGlaxoSmithKline on the moveGlaxoSmithKline has made a number of deals recently, the largest of which is an agreement to buy Liberty Corner, NJ-based Reliant Pharmaceuticals, a privately held specialty company focused on cardiovascular therapies, for approximately $1.65 billion in cash. GSK, which is based in London with U.S. headquarters...
Pfizer Inc Announces Completion of the Tender Offer Relating to Outstanding Shares of Coley Pharmaceutical Group, Inc
NEW YORK -- Pfizer (NYSE:PFE) announced today that it has completed the cash tender offer to purchase all of the outstanding shares of common stock of Coley Pharmaceutical Group, Inc. (Nasdaq:COLY). The tender offer expired, as scheduled, at midnight, Eastern time, on Friday, December 28, 2007. The offer was not...
Pfizer Inc Clears Antitrust Review for Acquisition of All Outstanding Shares of Coley Pharmaceutical Group, Inc
NEW YORK -- Pfizer (NYSE:PFE) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 HSR Act has expired, and that it has received clearance from the Federal Cartel Office of Germany FCO, in each case in connection with its offer to purchase all of the...
Pfizer Inc Commences Tender Offer for All Outstanding Shares of Coley Pharmaceutical Group, Inc
NEW YORK -- Pfizer Inc (NYSE:PFE) today announced the commencement of its cash tender offer for all outstanding shares of common stock of Coley Pharmaceutical Group, Inc. (Nasdaq:COLY) for $8.00 per share. The tender offer is being made pursuant to an Offer to Purchase, dated November 30, 2007, and in...
Pfizer will buy Coley Pharma for $164 million
Pfizer Will Buy Coley Pharma for $164 Million. Pfizer Inc. New York will buy its former partner Coley Pharmaceutical Group Wellesley MA for $164 million to gain a new class of immune-system drugs and technology used to make vaccines more powerful. The price amounts to $8 a share,...
Pfizer to Acquire Coley Pharmaceutical Group
Acquisition Will Expand Pfizer's Investment in Vaccines, Broaden Scope of Research in a Number of Key Therapeutic Areas
Coley Pharmaceutical Group Reports Pfizer has Discontinued Clinical Trials for PF-3512676 Combined with Cytotoxic Chemotherapy in Advanced Non Small Cell Lung Cancer.
M2 PRESSWIRE-21 June 2007-Headline Maker: Coley Pharmaceutical Group Reports Pfizer has Discontinued Clinical Trials for PF-3512676 Combined with Cytotoxic Chemotherapy in Advanced Non Small Cell Lung CancerC1994-2007 M2 COMMUNICATIONS LTD RDATE:21062007 Market Gainer is quickly emerging as the one stop shop...
Keeping a Close eye on Coley Pharmaceutical Group Inc. in 2007.
M2 PRESSWIRE-4 June 2007-www.streetinvesting.com: Keeping a Close eye on Coley Pharmaceutical Group Inc. in 2007C1994-2007 M2 COMMUNICATIONS LTD RDATE:04062007 Please visit www.Streetinvesting.com for the full report. Both Wall Street and Bay Street climbed higher Friday as traders, enthused...
Emergent BioSolutions Gains Rights To VaxImmune™ From Coley Pharmaceutical Group to Expand Its Anthrax Franchise
Agreement Allows Company to Build on Promising Phase I Results of BioThrax([R]) Anthrax Vaccine Adsorbed Combined With VaxImmuneTM
Coley Pharmaceutical Group Inc. Attracts Attention.
M2 PRESSWIRE-6 March 2007-www.streetinvesting.com: Coley Pharmaceutical Group Inc. Attracts AttentionC1994-2007 M2 COMMUNICATIONS LTD RDATE:06032007 Please visit www.Streetinvesting.com for the full report. Wall Street was unable to comeback from its recent downward spiral Monday, as concerns about the state...
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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