BNET Industries

Market Cap:$520.2M
Last Fiscal Year Sales:$101.9M
  • Public
  • US
Dow Jones Description

We develop, manufacture and market the Essure ® permanent birth control system, an innovative and proprietary medical device for women that was approved for marketing in the United States in November 2002 by the U.S. Food and Drug Administration, or FDA. The Essure system uses a soft and flexible micro-insert that is delivered into a womans fallopian tubes to provide permanent birth control by causing a benign tissue in-growth that blocks the fallopian tubes. A successfully placed Essure micro-insert and the subsequent tissue growth prohibits the egg from traveling through the fallopian tubes and therefore prevents fertilization. The effectiveness rate of the Essure system is 99.80% after four years of follow-up. On January 7, 2008, we acquired all of the outstanding shares of Conceptus SAS, which markets Essure directly in France and utilizes distributors to market Essure in other European markets. As a result of this transaction, Conceptus SAS became our wholly-owned subsidiary. We believe the acquisition of Conceptus SAS expands our presence in international markets and will increase our revenues as we will recognize sales at end user pricing as compared to the price at which we previously sold the Essure product directly to Conceptus SAS. Our consolidated financial statements include the financial results of Conceptus SAS beginning from the acquisition date of January 7, 2008. ...

President and Chief Executive Officer
Mark M. Sieczkarek
Number of Employees 236
Contact Information

331 E Evelyn Ave

Mountain View, California 94041-1530

conceptus.com

(650) 962-4000

NAICS Code Surgical and Medical Instrument Manufacturing: 339112

Recent Events

  • Barrington Research Upgrades Conceptus CPTS to Outperform

    10/22/09 - Bond / Stock Rating - View Story

  • Conceptus In The Watch List - Stocks To Watch

    10/23/09 - Financial Announcement - View Story

  • Conceptus Acquires Ovion Patents from American Medical Systems

    10/05/09 - Merger / Acquisition - View Story

  • Conceptus Second Quarter Net Sales Increase 29% to $33 Million

    7/23/09 - Financial Announcement - View Story

News & Analysis

conceptus inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark M. Sieczkarek President and Chief Executive Officer
Gregory E. Lichtwardt Cfo, Treasurer & Executive Vice President
Rob Zurawin Associate Prof, Director, Minimally Invasive Surgery, Chief, Pediatric
Ulric Cote Executive Vice President, Sales
Darrin Uecker Vice President, R & D & Operations
Edward J. Sinclair Vice President, Clinical Res & Regulatory Affairs & Quality Assurance
Jeff Letasse Vice President, Information Technology and Business Systems
Kevin Waters Vice President, Finance & Corporate Controller
Lisa Pohmajevich Vice President, Marketing
Louis Villalba Vice President, Managing Director for Europe
Patty Gray Vice President, Operations, Res
Ric Cote Vice President, Sales
Spencer Roeck Vice President, Intl
Todd Sloan Vice President, Strategic & Prof Marketing
Andrew Brill Prof, Director, Gynecologic Endoscopy
Carla Monacelli Senior Director of Healthcare Affairs
John L. Bishop Director
Rob Kuhling Investor

Board of Directors

Name (plus bio) Position
Peter Wilson Director, Lead & Chair of Nominating and Governance Committee
Robert V Toni Director, Compensation Committee Chair
Thomas F. Bonadio Director, Audit Committee Chair
Kathryn A. Tunstall Chairman of the Board of Directors
Buzz Benson Board Member
Marie-Helene Plais-Cotrel Board of Directors
Mark D. Levie Board of Directors
Paul A. LaViolette Board of Directors
Vivian Connor Board of Directors

Mr. Sieczkarek was appointed as our President and Chief Executive Officer and to the Board of Directors in April 2003. Mr. Sieczkarek served as President, Americas, of Bausch and Lomb, Inc. from July 2001 to January 2003, as Corporate Vice President and President Europe, Middle East and Africa Region from 1999 to 2001 and held positions of increasing responsibility at various divisions of Bausch and Lomb from 1995 to 1999. Prior to joining Bausch and Lomb, Mr. Sieczkarek was Vice President and Chief Financial Officer of KOS Pharmaceuticals from 1993 to 1995. From 1980 to 1993, Mr. Sieczkarek held executive level positions in Finance and Commercial Operations with several Bristol Myers-Squibb subsidiaries and Sanofi Diagnostics Pasteur. Mr. Sieczkarek currently serves on the Board of Directors of Thermage, Inc., a public medical device company, where he also participates on its Audit Committee. Mr. Sieczkarek holds a B.S. in Accounting from the State University of New York at Buffalo and a M.B.A. degree in Finance from Canisius College. The Board of Directors has determined that Mr. Sieczkarek is not "independent" as that term is defined in the Nasdaq Marketplace Rules.

Organization Position Status
Conceptus, Inc. President and Chief Executive Officer Current
Solta Medical, Inc. Director Current
Conceptus, Inc. Director Current
SOLTA MEDICAL, INC. Board of Directors Current
Conceptus, Inc. Executive Officer Former
State University of New York at Buffalo B.S. Degree Former
Canisius College B.A. Degree In Finance Former

Mr. Lichtwardt joined Conceptus as Executive Vice President, Treasurer and Chief Financial Officer in November 2003 and was promoted to Executive Vice President, Operations, Treasurer and Chief Financial Officer in April 2008. From 2000 to 2002, he was Executive Vice President, Finance, Chief Financial Officer and Corporate Secretary of Innoventry, Inc., a financial services company. From 1993 to 2000, Mr. Lichtwardt was Vice President, Finance, Chief Financial Officer and Treasurer of Ocular Sciences, Inc., a worldwide developer and marketer of soft contact lenses. Prior to his employment with Ocular Sciences, Mr. Lichtwardt, from 1989 to 1993, held senior management positions in various divisions of Allergan Inc. In addition to these positions, Mr. Lichtwardt has held various financial positions at AST Research, Inc. and at divisions of American Hospital Supply Corporation. He holds a B.B.A. degree from the University of Michigan and M.B.A. degree from Michigan State University.

Organization Position Status
Conceptus, Inc. Cfo, Treasurer & Executive Vice President Current
Ocular Sciences, Inc. Chief Financial Officer Former
Ocular Sciences, Inc. Vice President, Finance Former
Conceptus, Inc. Board of Directors Former
Ocular Sciences, Inc. Treasurer Former
Michigan State University M.B.A. Degree Former
University of Michigan B.B.A. Degree Former

Organization Position Status
Conceptus, Inc. Associate Prof, Director, Minimally Invasive Surgery, Chief, Pediatric Current

Mr. Cote joined Conceptus as Vice President of Sales in April 2004. He currently serves Conceptus as the Executive Vice President of Global Sales and Business Development. From 2003 to 2004, Mr. Cote was Senior Director of Sales, Gynecology Division at American Medical Systems. From 2000 to 2001, he served as President and Chief Executive Officer of Collagenesis, a developer and marketer of products derived from reengineered and processed human tissue. Prior to Collagenesis, Mr. Cote was Director of Sales and Marketing for Influence, a medical company developing a treatment for incontinence, from 1996 to 2000 and held various sales positions at Indigo Medical and Osbon Medical Systems, from 1990 to 1996. He holds a B.S. degree in Business Administration from California State University at Sacramento.

Organization Position Status
Conceptus, Inc. Executive Vice President, Sales Current
Conceptus, Inc. Vice President, Sales Current
Influence, Inc. Director of Sales and Marketing Former
American Medical Systems, Inc. Senior Director of Sales Former
California State University B.S. Degree In Business Administration Former

Mr. Uecker was most recently with RITA Medical Systems, where he was Chief Technology Officer from January 2004 until January 2007. While at RITA, he was instrumental in growing the business over 200%, culminating in the sale of RITA to Angio Dynamics. Mr. Uecker’s background includes extensive experience in product development, R&D, operations and business development in a variety of medical device markets. He is a named inventor on 43 US patents and has led the development and launch of more than a dozen medical devices in his career. He received a Bachelor and Master’s degree in Electrical and Computer Engineering from the University of California at Santa Barbara.

Organization Position Status
Conceptus, Inc. Vice President, R & D & Operations Current

Organization Position Status
Conceptus, Inc. Vice President, Clinical Res & Regulatory Affairs & Quality Assurance Current

Organization Position Status
Conceptus, Inc. Vice President, Information Technology and Business Systems Current
Conceptus, Inc. Board of Directors Former
Golden Gate University MBA In Information Technology Former
Golden Gate University B.S. Degree In Business Administration Former

Organization Position Status
Conceptus, Inc. Vice President, Finance & Corporate Controller Current
California Polytechnic State University Degree Former

Organization Position Status
Conceptus, Inc. Vice President, Marketing Current

Organization Position Status
Conceptus, Inc. Vice President, Managing Director for Europe Current
Conceptus, Inc. Senior Director of Business Development Current
Menlo College BA In Business Management Former

Organization Position Status
Conceptus, Inc. Vice President, Operations, Res Current

Organization Position Status
Conceptus, Inc. Vice President, Sales Current

Mr. Roeck joined Conceptus as Vice President of International in September of 2007 and is responsible for all aspects of the Company's international operations. From 2003 to 2007 Mr. Roeck was with VNUS Medical Technologies as the Senior Director of International Sales and Marketing where he managed both direct sales and distributor growth of over 30%. From 2000 to 2003 Mr. Roeck held the position of Business to Business Account Executive with Eli Lilly and Company. Prior to his employment with Eli Lilly and Company, he was residing overseas as the Regional Sales Manager in Asia/Middle East and later Europe for Palco Labs, a medical device manufacture. Mr. Roeck received a Bachelor's degree in International Business from California State University San Jose and attended Thunderbird, The American Graduate School of International Management.

Organization Position Status
Conceptus, Inc. Vice President, Intl Current
VNUS Medical Technologies, Inc. Senior Director of International Sales and Marketing Former
Palco Labs Inc. Regional Sales Manager Former
VNUS Medical Technologies, Inc. Distributor Former
Thunderbird LLC. Former

Mr. Sloan joined the Conceptus management team in February 2008 and serves as the Vice President of Professional Marketing and Research and Development. In this role, he oversees all new product development activities, sits on the new business development committee and is responsible for the clinician facing marketing strategy. Prior to joining Conceptus, he was a Director of Marketing at Boston Scientific, overseeing their women's health portfolio. Over his eleven years with Boston Scientific, Mr. Sloan held positions with increasing responsibility in both sales and marketing in the urology and gynecology specialties. Mr. Sloan received his undergraduate degree from Penn State University and Masters in Business from Lehigh University.

Organization Position Status
Conceptus, Inc. Vice President, Strategic & Prof Marketing Current
Innovative Resources Group, Inc Senior Counsel for Strategic Initiatives Current
Elmcrest Children's Center, Inc Board of Directors Current
The Pennsylvania State University Undergraduate Degree Former

Organization Position Status
Conceptus, Inc. Prof, Director, Gynecologic Endoscopy Current

Organization Position Status
Argenta Reimbursement Advisors, LLC Managing Partner Current
Conceptus, Inc. Senior Director of Healthcare Affairs Current
Women's Health Leadership Trust Board of Directors Current
University of Minnesota Bachelor's Degree In Political Science Former

Peter L. Wilson was appointed to the Company's Board of Directors in December 2001 and was appointed as the lead independent director in November 2002. Mr. Wilson currently serves on the board of directors of ArthroCare Corporation. Mr. Wilson was President and Chief Executive Officer of Patient Education Systems from 1995 to 1998. Between 1992 and 1994, Mr. Wilson was an independent consultant in healthcare business development and marketing. From 1972 to 1992, Mr. Wilson worked for Proctor & Gamble / Richardson Vicks, where he held various positions as President of Richardson Vicks, Vice President/General Manager of Proctor & Gamble Vicks Healthcare, President/General Manager of the Vidal Sassoon Division and President/General Manager of the Personal Care Division. Mr. Wilson holds a B.A. from Princeton University and a M.B.A. in Marketing from Columbia University.

Organization Position Status
Conceptus, Inc. Director, Lead & Chair of Nominating and Governance Committee Current
Conceptus, Inc. Board of Directors Current
ArthroCare Corporation Board of Directors Current
Richardson-Vicks, Inc. President Former
Marketing Corporation of America President Former
Marketing Corporation of America COO of Patient Education Services Former
Marketing Corporation of America partner Former
Procter & Gamble Former
Microban International, Ltd. Former
A. M. Pappas & Associates Former
Columbia University M.B.A. In Marketing Former
Princeton University B.A. Former

Organization Position Status
Conceptus, Inc. Director, Compensation Committee Chair Current
Conceptus, Inc. Board of Directors Current
Hyperbranch Medical Technology, Inc. Board of Directors Current
Closure Medical Corporation Chief Executive Officer Former
Closure Medical Corporation President Former
Iolab Corporation General Manager Former
Iona College BBA Former

Thomas F. Bonadio was appointed to the Company's Board of Directors in September 2003. Mr. Bonadio is the founder and managing partner of The Bonadio Group, an independent provider of accounting, business advisory and financial services in the upstate New York area and a top 100 certified public accounting firm in the United States. He founded this business in 1978, following seven years with Arthur Andersen & Co. Mr. Bonadio is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He holds a B.B.A. from St. John Fisher College, and is the past chairman of St. John Fisher College's Board of Trustees.

Organization Position Status
Conceptus, Inc. Director, Audit Committee Chair Current
Conceptus, Inc. Board of Directors Former

Organization Position Status
Neomatrix, LLC Chairman Current
Conceptus, Inc. Chairman of the Board of Directors Current
Caliper Life Sciences, Inc. Board of Directors Current
CALP Corporation Board of Directors Current
Vivant Medical, Inc. Board Member Current
Conceptus, Inc. CEO Former
Conceptus, Inc. President Former
American Hospital Supply Corporation Management Former
Tyco International Ltd. Former
Neomatrix, LLC Board of Directors Former
University of California B.A. Degree In Economics Former

Organization Position Status
Sightline Partners Managing Director Current
Sightline Partners Board of Directors Current
Liposcience, Inc. Director Current
Cvrx Inc Board of Directors Current
PacificDental Benefits Inc. Board Member Current
Acorn Cardiovascular, Inc. Board Member Current
Conceptus, Inc. Board Member Current
Endocardial Solutions, Inc. Board Member Current
CVRx, Inc. Board Member Current
Suros Surgical Systems, Inc. Board Member Current
CardioGenesis Corporation Board Member Current
CV Therapeutics Inc. Board Member Current
Urologix, Inc. Board Member Current
Sherpa Partners, LLC Advisory Board Member Current
Piper Jaffray Ventures President Former
Piper Jaffray Ventures Managing Director Former
Sightline Partners Co-Founder Current
Stonebridge Capital Partner Former
Arthur Andersen LLP manager Former
Sightline Partners Founding Member Former
Piper Jaffray Companies co-head Former
St. John's University Graduate Former

Mr. Bishop joined us as Chief Executive Officer and as a director in April 2002. Mr. Bishop served as President and a director of Vysis, Inc., a genomic disease management company that was acquired by Abbott Laboratories, from 1993 to 2002 and as Chief Executive Officer from 1996 to 2002. From 1991 until 1993, Mr. Bishop was Chairman and Chief Executive Officer of MicroProbe Corporation, a biotechnology company, and, from 1987 until 1991, of Source Scientific Systems, a biomedical instrument manufacturing company. From 1984 to 1986, Mr. Bishop was President and Chief Operating Officer of Gen-Probe, Inc. From 1968 to 1984, Mr. Bishop held various management positions with American Hospital Supply Company and its affiliates, including a three-year assignment in Japan as an Executive Vice President and Chief Executive Officer of International Reagents Corp., a joint venture between American Hospital Supply Company and Green Cross Corporation. Mr. Bishop currently serves as a director of Conceptus, Inc. and as a member of the Board of the Biotechnology Industry Organization (BIO) and the BIO Health Section Governing Board.

Organization Position Status
Cepheid CEO Current
Cepheid Board of Directors Current
Conceptus, Inc. Director Current
Microprobe, Inc. Chief Executive Officer Former
Vysis, Inc. Chief Executive Officer Former
Gen-Probe Inc. President Former
Vysis, Inc. President Former
Gen-Probe Inc. Chief Operating Officer Former
Microprobe, Inc. Chairman Former
Vysis, Inc. Director Former
University of Miami BS Degree Former

Organization Position Status
Conceptus, Inc. Board of Directors Current

Organization Position Status
Conceptus, Inc. Board of Directors Current

Paul LaViolette is Chief Operating Officer at Boston Scientific. He is responsible for all the Company's business units, worldwide commercial activities, global quality and manufacturing activities. In addition, Paul shares responsibility for the Company's clinical, regulatory, research and development functions. Paul joined Boston Scientific in 1994 as President of Boston Scientific International. In 1995, he became Group President for the nonvascular businesses, which included Microvasive Endoscopy and Microvasive Urology. In 1998, he again joined Boston Scientific International as its President to help strengthen and stabilize the organization. In 2000, Paul added Group President responsibilities for the Scimed, EP Technologies and Target divisions, and in 2001 also took on the role of President of Scimed. Prior to his latest appointment, Paul was Senior Vice President and Group President responsible for the Interventional Cardiology, Peripheral Interventions, Vascular Surgery, Electrophysiology and Neurovascular businesses. He was also responsible for Boston Scientific International, Corporate Sales and National Accounts, Healthcare Strategies and Programs, and Government Affairs. Paul currently serves on the Board of Directors of AdvaMed (Advanced Medical Technology Association). Before joining Boston Scientific, Paul spent 10 years with C. R. Bard, where he served as President of Bard's USCI Division from 1993 to 1994 and its USCI Angioplasty Division from 1991 to 1993. Previously, he held several marketing positions at Bard, including Vice President of Marketing for USCI. Prior to joining Bard, Paul was with the Kendall Company's Hospital Products Division. Paul graduated from Fairfield University, and earned an M.B.A. from Boston College.

Organization Position Status
Labrador Mobile, Inc Chief Operating Officer Current
Uscap Chief Operating Officer of Boston Scientific Current
Neuromodulation Current
Endo-Surgery, Inc Current
AdvaMed Board of Directors Current
Cardiovascular Research Foundation Board of Directors Current
Cameron Health, Inc. Board of Directors Current
Conceptus, Inc. Board of Directors Current
Boston Scientific Corporation President, CEO & COO Former
C.R. Bard, Inc. President, Cardiology Former
Interventional Cardiology Group President Former
Boston Scientific Corporation Chief Operating Officer Former
Interventional Cardiology Senior Vice President Former
Boston Scientific Corporation Vice President Former
C.R. Bard, Inc. General Management Positions Former
Fairfield University Graduate Former
Boston College M.B.A. Former
Fairfield University B.A. Former

Organization Position Status
Conceptus, Inc. Board of Directors Current

Organization Position Status
ONSET Ventures General Partner Current
Aperon Biosystems General Partner, Onset Ventures Current
Remend, Inc. Board of Directors Current
Aperon Biosystems Board of Directors Current
Accessclosure, Inc. Board of Directors Current
Conceptus, Inc. Investor Current
Gadzoox Networks, Inc. Investor Current
Packeteer, Inc. Investor Current
Alteon Inc. Investor Current
Endotex Interventional Systems, Inc. Investor Current
General Electric Company Vice President Former
Sun Microsystems, Inc. Director of Marketing Former
General Electric Company Manager Former
The Boston Consulting Group, Inc. Team Leader Former
Curon Medical, Inc. Board of Directors Former
Harvard Business School MBA Former
Hamilton College A.B. Former

Executive News

  • Conceptus, Inc. (CPTS) to Present at the Morgan Stanley Global Healthcare Unplugged Conference

    BioSpace - 9/03/09 - View Story

  • NeoMatrix to Sponsor Congressional Event on Young Women and Breast Cancer

    Business Wire - 9/02/09 - View Story

  • Conceptus to Present at the Morgan Stanley Global Healthcare Unplugged Conference

    Business Wire - 9/01/09 - View Story

  • Medical Products Firm Hopes Birth Control Method Will Catch On

    Investors Business Daily - 8/12/09 - View Story

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     CPTS $16.93 -0.29 (-1.68% )
Average Volume 255,499
Shares Outstanding 30.73M
Market Cap 520.2M
Year High 20
Year Low 10.26
Earnings Per Share 0.21
P/E Ratio 80.62
Dividend N/A
Yield N/A
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