BNET Industries

Market Cap:$204.5M
Last Fiscal Year Sales:$17.1M
  • Public
  • US
Dow Jones Description

Cypress Bioscience, Inc. provides therapeutics and personalized medicine services, facilitating improved and individualized patient care. Cypress goal is to address the evolving needs of specialist physicians and their patients by identifying unmet medical needs in the areas of pain, rheumatology, and physical medicine and rehabilitation, including challenging disorders such as fibromyalgia and rheumatoid arthritis. We believe our approach to improving patient care creates a unique partnership with physicians, and expect that offering personalized medicine services and therapeutic products through the same sales organization will provide Cypress a differentiated commercial strategy and sustainable competitive advantage. In January 2009 we received approval from the U.S. Food and Drug Administration (FDA) to market Savella (milnacipran HCl) for the management of fibromyalgia (FM). Savella was shipped to wholesalers and became available at pharmacies at the end of April 2009. Savella is a dual-reuptake inhibitor that preferentially blocks the reuptake of norepinephrine with higher potency than serotonin ( in vitro ). These two neurotransmitters are thought to play a central role in the symptoms for FM. We co-promote Savella for FM with our corporate partner, Forest Laboratories, Inc., or Forest Laboratories, and by the beginning of 2009 we expanded the sales force to 115 field based personnel in anticipation of the launch of Savella . ...

Chairman and Chief Executive Officer of Masimo
Joe E. Kiani
Number of Employees 145
Contact Information

4350 Executive Dr Ste 325

San Diego, California 92121-2118

cypressbio.com

(858) 452-2323

NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414

Recent Events

  • Roth Capital Initiates Coverage on Cypress Bioscience CYPB with a Buy

    12/11/09 - Bond / Stock Rating - View Story

  • UPDATE 1-Cypress Bioscience Q3 loss narrower than expected

    11/09/09 - Financial Announcement - View Story

  • Cypress Bioscience Inc. CYPB Announces Second Quarter 2009 Financial Results

    8/11/09 - Financial Announcement - View Story

News & Analysis

cypress bioscience inc. and cypress semiconductor corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Leslie McGill President, Medalliance Supply Chain Services Corporation
Mark P. De Raad Executive Vice President, Finance and Chief Financial Officer, Masimo Corporation
Michael Walsh Executive Vice President and Chief Commercial Officer
R. Michael Gendreau Vice President, Clinical Dev & Chief Medical Officer
Rao Srinivas Chief Scientific Officer
Sabrina Martucci Johnson Executive Vice President, Chief Business Officer and Chief Financial Officer
Srinivas G. Rao Chief Scientific Officer, Director of Science and Technology
Steve Moran Executive Vice President, General Counsel & Secretary
Denise L. Wheeler Vice President, Business & Legal Affairs & Secretary
Denise L. Woolard Vice President of Business and Legal Affairs and Corporate Secretary
Roberto Palumbo Vice President of Sales, The Americas and Europe
Gail McCauley Executive Director
Brad Morgan Director of Material Management, The Heart Hospital Baylor Plano
Ciara Kennedy Senior Director, Strategy & Corp Dev
David Dunner Director, Center for Anxiety & Depression, Professor, Department of Psychiatry
George T. Blike Medical Director of Patient Safety at Dhmc
Jean-Pierre Millon Lead Director
Dana Banks Manager, Public Relations, Masimo Corporation
Reza Alam Regional Sales Manager, Southeast Asia and Middle East
Frank Porreca Professor, Department of Pharmacology
James C Eisenach Research Psychologist
Jan Fawcett
John Cassin
Pierre Millon
Stanley Morgan
Susan Redline
Daniel H. Petree Director
Jon W. McGarity Director
Leonard Steinberg Treasurer
Perry B. Molinoff Director
Gary D. Tollefson Member

Board of Directors

Name (plus bio) Position
Joe E. Kiani Chairman and Chief Executive Officer of Masimo
Roger L. Hawley Chairman
Amir Kalali Board of Directors
David Norman Interim Vice Chair, Membershp
Don L Goldenberg Board of Directors
Gayle Carson Vice Chair, Marketing
Jack H. Vaughn Board of Directors
Luis Hall Vice Chair, Professional Learning
Tina S. Nova Board of Directors
William Maixner Board of Directors

Organization Position Status
Cypress Bioscience, Inc. Chairman and Chief Executive Officer of Masimo Current

Organization Position Status
Cypress Bioscience, Inc. President, Medalliance Supply Chain Services Corporation Current

Organization Position Status
Cypress Bioscience, Inc. Executive Vice President, Finance and Chief Financial Officer, Masimo Corporation Current

Mr. Walsh became our Executive Vice President and Chief Commercial Officer in March 2008. Prior to Cypress, Mr. Walsh founded Proprius Pharmaceuticals, Inc. in 2005 and was its President and CEO from its founding until Cypress acquired Proprius in March 2008. Prior to establishing Proprius, Mr. Walsh was a founder and Executive Chairman at Prometheus Laboratories, Inc., a specialty pharmaceutical company, from 1995 to 2004. Prior to founding Prometheus Laboratories, Inc., Mr. Walsh was with Quidel Corporation in various senior executive roles, including Director of Worldwide Marketing and Business Development, and Director of European Operations. Prior to Quidel he was Manager of Therapeutic Operations at La Jolla Pharmaceutical Company. Mr. Walsh serves on the Board of Directors of Kanisa Pharmaceuticals, Inc., and as Chairman of the Board of Oculir, Inc. Mr. Walsh has a Bachelor of Science degree from the University of Notre Dame and an M.B.A. from Pepperdine University.

Organization Position Status
Cypress Bioscience, Inc. Executive Vice President and Chief Commercial Officer Current
Windamere Venture Partners, LLC Partner Current
Planet Technologies, Inc. Director, Business Executive Current
Oculir, Inc. Chairman of the Board Current
Kanisa Pharmaceuticals, Inc. Board of Directors Current
Prometheus Laboratories, Inc. Chief Executive Officer Former
Prometheus Laboratories, Inc. President Former
Prometheus Laboratories, Inc. Chief Operating Officer Former
Prometheus Laboratories, Inc. Founder Former
Quidel Corporation Director of Worldwide Marketing Former
La Jolla Pharmaceutical Company Manager Former
Quidel Corporation Senior Executive Former
Prometheus Laboratories, Inc. Executive Chairman Former
Pepperdine University M.B.A. Former
University of Notre Dame BS Former

Dr. Gendreau is the longest serving member of the Cypress management team, having joined the company in 1994. He has 20+ years of experience in the development, clinical evaluation and commercialization of drug, biologic, medical device, and diagnostic products. Dr. Gendreau led the team that designed and managed Cypress' successful clinical programs resulting in FDA approval of the Company’s current flagship product, Savella (milnacipran HCI), for the management of fibromyalgia, as well as the Company’s former rheumatoid arthritis treatment, the Prosorba column. From 1991 to 1994, he served in various senior management roles in research, clinical development and regulatory affairs for Microprobe, Inc. of Seattle, WA, a biotechnology company developing oligonucleotide technology for diagnostic and therapeutic applications. From 1988 to 1991, Dr. Gendreau served as Vice President of research and development for Source Scientific Systems, a developer and manufacturer of OEM medical devices. From 1981 to 1988, Dr. Gendreau served as manager of worldwide Health Care Technology for the Battelle Memorial Institute of Columbus, OH. At Battelle, he served as a medical technology consultant, managed scientific and clinical development programs globally, supervised reimbursement and policy analysis, and developed diagnostic products. He also concurrently while at Battelle spent five years as Principal Investigator of the National Center for Biomedical Spectroscopy, an NIH funded center of excellence based on findings from Dr. Gendreau's doctoral research at Ohio State. Dr. Gendreau received his B.S. degree in Chemistry from Ohio University, and his M.D./Ph.D. degree in medicine and pharmacology from the Ohio State University, where he graduated summa cum laude.

Organization Position Status
The Ohio State University Ph.D. Degree In Medicine and Pharmacology Former
Ohio University B.S. Degree In Chemistry Former

Organization Position Status
Cypress Bioscience, Inc. Chief Scientific Officer Current

Sabrina Martucci Johnson was appointed Chief Operating Officer in January 2008 and previously served as our Chief Business Officer. Ms. Johnson has served as our Chief Financial Officer since April 2002. Ms. Johnson joined the Company in August of 1998 and held various positions from 1998 through 2002, including Vice President Marketing. Ms. Johnson previously held marketing and sales positions with Advanced Tissue Sciences and Clonetics. Ms. Johnson has an MBA from the American Graduate School of International Management (Thunderbird) and a MSc. in Biochemical Engineering from the University of London, and a BSc. in Biomedical Engineering from Tulane University. Ms. Johnson began her career in the biotechnology industry as a research scientist with Baxter Healthcare, Hyland Division. Ms. Johnson currently serves on the audit committee of Project Concern International and on the Board of Advisors of the Tulane School of Science and Engineering.

Organization Position Status
Cypress Bioscience, Inc. Executive Vice President, Chief Business Officer and Chief Financial Officer Current
Cypress Bioscience, Inc. Board of Directors Current
Advanced Tissue Sciences, Inc. Former
University of London Msc. In Biochemical Engineering Former
American Graduate School of International Management MBA Former
Tulane University Bsc. In Biomedical Engineering Former
University of London MSc. in Biochemical Engineering Former

Dr. Rao joined Cypress in August 2000 and has worked in a variety of areas, including scientific assessment of potential in-licensing compounds, business development, preclinical study design, design and execution of Cypress’ genomics program, and the development and maintenance of Cypress’ intellectual property portfolio. His current responsibilities also include heading Cypress’ commercial laboratory. Prior to Cypress, Dr. Rao worked as a free-lance medical electronics consultant while completing his combined M.D. and Ph.D. program at Yale Medical School. His Ph.D. research focused upon central nervous system neuropharmacology and took place in the laboratory of Dr. Patricia Goldman-Rakic, a world-renowned expert in working memory and pre-frontal function. Upon completion of his M.D. degree, Dr. Rao completed an internship in Internal Medicine at Yale-New Haven Hospital. Dr. Rao holds both an M.S. and B.S. from Yale University in Electrical Engineering.

Organization Position Status
Cypress Bioscience, Inc. Chief Scientific Officer, Director of Science and Technology Current
The Cypress Current
Yale-New Haven Hospital Internship Former
Yale University School of Medicine Ph.D. Program Former
Yale University M.S. Former
Yale University B.S. Former

Organization Position Status
Cypress Bioscience, Inc. Executive Vice President, General Counsel & Secretary Current

Denise L. Wheeler was appointed as General Counsel in July 2007, after serving as Vice President of Business and Legal Affairs and Corporate Secretary since February 2004. From September 1997 to February 2004, she was an associate with Cooley Godward. Ms. Wheeler practiced primarily in the areas of corporate finance and general corporate representation of life sciences companies. Ms. Wheeler represented both privately-held and public companies in the life science industries in a wide range of transactions, including public offerings, private placements, mergers and acquisitions and technology licensing. Ms. Wheeler received her J.D., magna cum laude, from the University of San Diego School of Law in 1997. She completed a Bachelor's degree, cum laude, at Old Dominion University in 1991. Ms. Wheeler is a member of the State Bar of California, the American Bar Association and the San Diego County Bar Association. Ms. Wheeler also serves on the board of Neighbor Help, a nonprofit charitable organization.

Organization Position Status
Cypress Bioscience, Inc. Vice President, Business & Legal Affairs & Secretary Current
Cypress Bioscience, Inc. General Counsel Current
The Cypress Current
Neighborhelp Board of Directors Current
University of San Diego School of Law J.D. Former
Old Dominion University B.A. Former

Organization Position Status
Cypress Bioscience, Inc. Vice President of Business and Legal Affairs and Corporate Secretary Current
The Cypress Current
Neighborhelp Grants Co-Chair Current
Neighborhelp Board of Directors Former
University of San Diego School of Law J.D. Former
Old Dominion University Bachelor's Degree Former

Organization Position Status
Cypress Bioscience, Inc. Vice President of Sales, The Americas and Europe Current

Organization Position Status
Cypress Bioscience, Inc. Executive Director Current

Organization Position Status
Cypress Bioscience, Inc. Director of Material Management, The Heart Hospital Baylor Plano Current

Organization Position Status
Cypress Bioscience, Inc. Senior Director, Strategy & Corp Dev Current

Organization Position Status
Cypress Bioscience, Inc. Director, Center for Anxiety & Depression, Professor, Department of Psychiatry Current
Cypress Bioscience, Inc. Board of Directors Current

Organization Position Status
Cypress Bioscience, Inc. Medical Director of Patient Safety at Dhmc Current

Jean-Pierre (JP) Millon is co-founder of BLS, LLC, a consulting and investing entity based in Indianapolis. He is also a partner in Areks, a Swiss-based pharmaceutical service company. Until September 2000, he was President and Chief Executive Officer of PCS Health Systems, one of the country's largest pharmacy benefit managers. Prior to joining PCS, Mr. Millon was an executive with Eli Lilly and Co., PCS' former parent company. His career with Lilly spanned two decades and was highlighted by leadership positions in the United States, the Orient, Europe, and the Caribbean Basin. Most recently, Mr. Millon served as President and General Manager of Lilly Japan, K.K. and Vice President of the Lilly pharmaceutical division in Kobe, Japan. Mr. Millon is the non-executive Chairman of MPV, Inc., a private health services company, and is an advisory board member with Care Capital LLC, a health care venture fund based in Princeton, New Jersey. Mr Millon also serves on the Boards of AdvancePCS, and IphysicianNet. He is also a member of the Global Advisory Council of The American Graduate School of International Management; Northwestern University's Graduate School of Management Alumni Advisory Board; the Dean's Council of 100 of the College of Business at Arizona State University; and the Barrow Neurological Foundation Board of Trustees.

Organization Position Status
Healthcarereps.Com Co-Founder of Bls, Llc Current
Bls Inc Co-Founder Current
Areks Partner Current
Cypress Bioscience, Inc. Lead Director Current
Arizona State University Board of Directors Current
CVS Caremark Corporation Board of Directors Current
Cypress Bioscience, Inc. Board of Directors Current
Care Capital, LLC Advisory Board Member Current
Hsi, Inc. Board of Directors Current
Caremark RX, Inc. Director Current
Prometheus Laboratories, Inc. Board of Directors Current
Medical Present Value Inc. Board Member Current
S-Board Ltd. Board of Directors Current
Terahealth, Inc. Board of Directors Current
Longs Drug Stores Corporation Board of Directors Current
Caremark Client Portal Board of Directors Current
Infusystem, Inc. Board of Directors Current
PCS Health Systems Chief Executive Officer Former
PCS Health Systems President Former
Care Capital, LLC Partner Former
PCS Health Systems Executive Former
Eli Lilly and Company Executive Former
University Corp. Degree In Mechanical Engineering Former
University of Lyon Degree In Economics Former

Organization Position Status
Cypress Bioscience, Inc. Manager, Public Relations, Masimo Corporation Current

Organization Position Status
Cypress Bioscience, Inc. Regional Sales Manager, Southeast Asia and Middle East Current

Organization Position Status
Cypress Bioscience, Inc. Professor, Department of Pharmacology Current
Cypress Bioscience, Inc. Board of Directors Current

Organization Position Status
Cypress Bioscience, Inc. Research Psychologist Current

Organization Position Status
Cypress Bioscience, Inc. Current
Stanford Medical Center Former

Cassin's most recent job was strategic planning for the Anschutz Medical Center in Aurora, which is bringing three hospitals, five medical schools and several other facilities to the site of the former Fitzsimmons Army Hospital there. Cassin, who lives in Gennessee near Denver and who has a home in Singletree, was between jobs, and was ready to finish negotiations with a Cleveland-based medical company to run a project in the Persian Gulf state of Abu Dhabi.

Organization Position Status
Cypress Bioscience, Inc. Current

Organization Position Status
Cypress Bioscience, Inc. Current
PCS Health Systems Chief Executive Officer Former
PCS Health Systems President Former
Prometheus Laboratories, Inc. member Former

Organization Position Status
Cypress Bioscience, Inc. Current

Organization Position Status
Cypress Bioscience, Inc. Current
Henry Ford Hospital Head of Sleep Disorder Research Center Former
Case Western Reserve University Professor of Pediatrics Former

Organization Position Status
Zogenix, Inc. Chief Executive Officer Current
Cypress Bioscience, Inc. Chairman Current
Alios Biopharma, Inc. Director Current
Zogenix, Inc. Director Current
Targeted Genetics Corporation Board of Directors Current
Cypress Bioscience, Inc. Board of Directors Current
Prometheus Laboratories, Inc. Chief Commercial Officer Former
InterMune, Inc. Executive Vice President, Commercial and Technical Operations Former
Elan Pharmaceuticals, Inc. Vice President of Sales and Marketing Former
Elan Pharmaceuticals, Inc. General Manager Former
Marathon Oil Corporation Former
Eastern Illinois University B.S. In Accounting Former

Organization Position Status
University of California, San Diego Professor Current
Iscdd Executive Secretary Current
Cypress Bioscience, Inc. Board of Directors Current
Tikvah Therapeutics, Inc. Board of Directors Current
Iscdd Board of Directors Current
University of London M.D. Former

Organization Position Status
P2 Partners, LLC Founder Current
Koronis Pharmaceuticals, Inc. Board of Directors Current
Cypress Bioscience, Inc. Director Current
Lpath, Inc. Board of Directors Current
The Partners Board of Directors Current
P2 Partners, LLC Board of Directors Current
The Partners Member Current
Axys Pharmaceuticals President Former
Axys Pharmaceuticals Chief Operating Officer Former
Montgomery Securities Vice President Former
Cypress Bioscience, Inc. Chairman Former

Organization Position Status
Cypress Bioscience, Inc. Interim Vice Chair, Membershp Current

Organization Position Status
Cypress Bioscience, Inc. Board of Directors Current

Organization Position Status
Cypress Bioscience, Inc. Vice Chair, Marketing Current

Organization Position Status
Cypress Bioscience, Inc. Board of Directors Current

Organization Position Status
Genbiopro, Inc. CEO Current
Arizona Bioindustry Association Chief Executive Officer Current
Arizona Technology Council President & CEO, Insys Therapeutics Current
Medapps President, Chief Operating Officer Current
Genbiopro, Inc. President Current
Insys Therapeutics, Inc President, Chief Executive Officer and Director Current
Arizona Bioindustry Association Chairman Current
Cypress Bioscience, Inc. Director Current
Restorative Biosciences Inc. Board Member Current
Insys Therapeutics, Inc Board of Directors Current
Alare Capital Partners, LLC Board of Directors Current
Arizona Technology Council Board of Directors Current
Apthera, Inc. Board of Directors Current
Genbiopro, Inc. Board of Directors Current
Arizona Bioindustry Association President Former
Arizona State University Masters Level Computational Biosciences Degree Program Former
State University of New York at Albany B.S. In Biology Former
The State University of New York BS Former

Organization Position Status
Cypress Bioscience, Inc. Treasurer Current

Organization Position Status
Cypress Bioscience, Inc. Vice Chair, Professional Learning Current

Organization Position Status
Medical University of South Carolina Adjunct Professor Current
Palatin Technologies Inc. Director Current
Cypress Bioscience, Inc. Director Current
Palatin Technologies Inc. Executive Vice President of Research and Development Former
University of Pennsylvania School of Medicine Professor of Pharmacology Former
University of Pennsylvania Vice Provost for Research Former
Palatin Technologies Inc. member Former
University of Pennsylvania School of Medicine Chairman of the Department of Pharmacology Former
Harvard Medical School Degree Former

Timothy M. Buono has served on our board of directors since March 2000. Mr. Buono is a founder and member of Aura Equity Partners, LLC, a private equity firm focused on growth oriented investments in companies within the consumer driven health and personal care markets. Mr. Buono previously served as vice-president of Tullis-Dickerson & Co., Inc. from 1997 to 2008, a healthcare focused venture capital firm. During this time, he was also a partner in the general partner entities of its sponsored venture capital funds. From 1994 to 1997, he served as senior vice president, business development, for Health Partners, Inc., a healthcare services company. From 1993 to 1994, Mr. Buono served as director, business development, for Occupational Health Resources, Inc., a healthcare services company. From 1990 to 1993, Mr. Buono served as an associate of Tullis-Dickerson & Co., Inc. From 1988 to 1990, Mr. Buono was a financial and operations analyst for Shaffer-Clarke. Mr. Buono is a director of a number of privately-held companies. He received his B.A. in Economics from Connecticut College in 1988, and completed an Executive Program at Columbia University’s Graduate School of Business in 2003.

Organization Position Status
Genoptix, Inc. President, Chief Executive Officer Current
University of San Diego Board of Directors Current
UCSD-CONNECT Director Current
Cyntellect, Inc. Member of the Company's Board of Directors Current
Cypress Bioscience, Inc. Board of Directors Current
Heska Corporation Director Current
Biocom, Inc. Executive Board Member Current
Arena Pharmaceuticals, Inc. Director Current
Arena Pharmaceuticals, Inc. Member Current
Nanogen, Inc. Chief Operating Officer and President Former
Selective Genetics Chief Operating Officer Former
Ligand Pharmaceuticals Incorporated Executive Director Former
Nanogen, Inc. Co-Founder Former
Genoptix, Inc. Co-Founder Former
Hybritech, Inc. Former
University of California PH.D. In Biochemistry Former
University of California, Riverside Ph.D. Degree In Biochemistry Former
University of California, Irvine B.S. In Biological Sciences Former
Cyntellect, Inc. Member Former
Heska Corporation member Former

Organization Position Status
Cypress Bioscience, Inc. Board of Directors Current

Organization Position Status
Orexigen Therapeutics, Inc. Chief Executive Officer Current
Orexigen Co President, Chief Executive Officer and Director Current
Cortex Pharmaceuticals, Inc. Director and Consultant Current
Westbury Partners Director Current
Cortex Pharmaceuticals, Inc. Director Current
Insys Therapeutics, Inc Member of the Board of Directors Current
Avera Pharmaceuticals, Inc. Board of Directors Current
XenoPort Inc. Director Current
Cypress Bioscience, Inc. Member Current
XenoPort Inc. Member Current
Lilly Research Laboratories Vice President Former
Eli Lilly and Company Former
Department of Psychiatry Chairperson Former
Orexigen Co Board of Directors Former
University of Minnesota PH.D. In Psychiatry Former
University of Minnesota B.A. Former
Cortex Pharmaceuticals, Inc. Member Former
Orexigen Co Member Former

Executive News

  • Cypress Bioscience, Inc. to Present at Baird's 2009 Health Care

    Market Wire via MSN Money - 9/08/09 - View Story

  • Amylin picks ex-Novartis exec as chairman

    FierceBiotech - 8/26/09 - View Story

  • Sutro Biopharma Announces Additions to Board of Directors and Senior Management Team

    Healthcare Sales & Marketing Network - 8/24/09 - View Story

  • 10. Sutro Biopharma Announces Additions to Board of Directors and Senior...

    AllBusiness Champions of Small Business - 8/22/09 - View Story

  • Sutro Biopharma Announces Additions to Board of Directors and Senior Management Team

    BioSpace - 8/21/09 - View Story

  • Sutro Biopharma Announces Additions to Board of Directors and Senior Management Team

    Yahoo! Canada - 8/20/09 - View Story

  • Sutro Biopharma Announces Additions to Board of Directors and Senior Management Team

    RBC Dain Raushcer - 8/20/09 - View Story

  • Sutro Biopharma Announces Additions to Board of Directors and Senior Management Team

    Business Wire - 8/20/09 - View Story

  • Genoptix: Adding Physicians, Growing Revenue

    Seeking Alpha - 8/12/09 - View Story

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     CYPB $5.34 -0.13 (-2.38% )
Average Volume 339,224
Shares Outstanding 38.30M
Market Cap 204.5M
Year High 10.1
Year Low 5.24
Earnings Per Share -0.80
P/E Ratio -6.67
Dividend N/A
Yield N/A
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