BNET Industries

Market Cap:$1.9M
Last Fiscal Year Sales:$58.0M
  • Public
  • IS
Dow Jones Description

Developer of Gene Technology & Database & Information Technology Products for Healthcare Industry

Chairman, President, and Chief Executive Officer
Kari Stefansson
Number of Employees 331
Contact Information

Sturlugata 8

Reykjavik 101

www.decode.com

(354) 570 1900

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • DeCODE Genetics files for bankruptcy protection

    11/17/09 - Joint Venture / Alliance - View Story

  • A Genetics Company Fails, Its Research Too Complex

    11/18/09 - Bankruptcy Filings - View Story

Decision Makers

Name (plus bio) Position
Axel Nielsen COO
Jeffrey Gulcher Chief Scientific Officer
Lance Thibault Chief Financial Officer
Daniel L. Hartman Senior Vice President, Product Dev
Jakob Sigurdsson Senior Vice President, Corp Dev
Mark Gurney Senior Vice President, Drug Discovery & Dev
C Augustine Kong Vice President, Statistics
Hakon Gudbjartsson Vice President, Informatics
Paul Magnusson Vice President, Info & Comm
Tomas Sigurdsson Vice President, Business Dev
Jill Jarecki Coordinator
J. Neal Armstrong Director
Stattin Norinder Member

Board of Directors

Name (plus bio) Position
Kari Stefansson Chairman, President, and Chief Executive Officer
Earl M. Collier Jr. Board of Directors
Goeran A. Ando Board of Directors
James R. Beery Board of Directors
Jean-Francois Formela Board of Directors
Peter Godfellow Board of Directors
Peter Goodfellow Board of Directors
Terrance G McGuire Vice Chairman

Kári Stefánsson, M.D., Dr. Med. has served as our President, Chief Executive Officer and a Director since he co-founded deCODE in August 1996. Dr. Stefánsson was appointed to serve as the Chairman of our Board of Directors in December 1999. From 1993 until April 1997, Dr. Stefánsson was a professor of Neurology, Neuropathology and Neuroscience at Harvard University. In addition, from 1993 through December 1996 he was Director of Neuropathology at Beth Israel Hospital in Boston, Massachusetts. From 1983 to 1993, he held faculty positions in Neurology, Neuropathology and Neurosciences at the University of Chicago. Dr. Stefánsson received his M.D. and Dr. Med. from the University of Iceland and is board-certified in neurology and neuropathology in the United States.

Organization Position Status
deCODE Genetics, Inc. Chairman, President, and Chief Executive Officer Current
Plantspedia Current
Neuropathology Director Former
University Corp. M.D. Former
University of Iceland M.D. and Dr. Med Former

Axel Nielsen was named deCODE's Chief Operating Officer in 2007. Previously he was Chief Operating Officer of deCODE´s US operations. Prior to that he served as our Chief Financial Officer and VP Investor Relations, playing a leading role in deCODE's IPO and establishing it in the investor community as a public company. Before joining deCODE, Mr. Nielsen held positions with Icelandair Inc. and McKinsey & Co. He holds degrees in computer science and finance from the University of Iceland and an MBA from MIT Sloan School of Management.

Organization Position Status
deCODE Genetics, Inc. COO Current
MIT Sloan School of Management MBA Former
MIT Sloan School of Management Degrees In Computer Science Former
University Corp. Degrees In Computer Science Former

Jeffrey Gulcher, M.D., Ph.D. has served as our Chief Scientific Officer since October 2003. Prior to that he served as our Vice President, Research and Development. Dr. Gulcher co-founded deCODE in August 1996. Dr. Gulcher was on staff in the Department of Neurology at Beth Israel Hospital in Boston, Massachusetts and Harvard University Medical School from June 1993 to October 1998. Dr. Gulcher received his Ph.D. and M.D. from the University of Chicago in 1986 and 1990, respectively, and completed his neurology residency at the Longwood Program of the Neurology Department of the Harvard Medical School in 1996.

Organization Position Status
deCODE Genetics, Inc. Chief Scientific Officer Current
deCODE Genetics, Inc. Vice President, Research and Development Former
Neurology Department Residency Former
University of Chicago M.D. Former
Harvard Medical School Former

Lance Thibault joined deCODE in February 2001 and was named Chief Financial Officer and Treasurer in June 2001. Before joining deCODE he was a Director with the Global Capital Markets practice of PricewaterhouseCoopers in London, England. As a consultant with PricewaterhouseCoopers Mr. Thibault first began working with deCODE in 1998, advising us through our IPO in July 2000. Mr. Thibault received a B.S. in Accountancy from Bentley College in 1988 and is a CPA.

Organization Position Status
deCODE Genetics, Inc. Chief Financial Officer Current
Bentley College B.S. In Accountancy Former

Dan Hartman joined deCODE in July 2005 and leads the company's drug development effort. Prior to joining deCODE he served for several years in senior clinical development positions at Pfizer, including Global Clinical Leader, Allergy and Respiratory Diseases; Clinical Exploratory Head, Cardiovascular and Metabolic Diseases; and Experimental Medicine Therapy Area Leader, Cardiovascular, Metabolism and Anaderm. From 2000 to 2002, Dr. Hartman was Vice President of Worldwide Clinical Development at Esperion Therapeutics. Prior to joining Esperion, he was Director, Clinical Cardiovascular and Therapy Head, thrombosis and Cardiopulmonary Disease at Pfizer. From 1995 to 1999, Dr. Hartman served in senior clinical research positions at Eli Lilly & Company. Dr. Hartman received his M.D. from Wayne State University, held post-doctoral and faculty positions at the Indiana University School of Medicine. He is board certified in internal medicine and is a member of numerous medical societies.

Organization Position Status
deCODE Genetics, Inc. Senior Vice President, Product Dev Current
Hopen Therapeutics, LLC Board of Directors Current
Esperion Therapeutics, Inc. Vice President of Worldwide Clinical Development Former
Indiana University School of Medicine Former
Eli Lilly and Company Former
Pfizer Inc. Former
Wayne State University School of Medicine MD Degree Former
Wayne State University M.D. Former

Jakob Sigurðsson joined deCODE in October 2006 as SVP, Corporate Development. Mr. Sigurðsson was formerly CEO and President of Alfesca, a multinational foods group with major operations in Iceland, the UK, France and Spain. Prior to his position at Alfesca Mr. Sigurðsson held senior positions in the United States and Europe for Rohm and Haas Company, a NYSE-listed specialty materials company. Mr. Sigurdsson holds a B.S. degree in chemistry from the University of Iceland and an MBA from the Kellogg School of Management at Northwestern University.

Organization Position Status
deCODE Genetics, Inc. Senior Vice President, Corp Dev Current
Kellogg School of Management at Northwestern University M.B.A. Former
University Corp. B.S. Degree In Chemistry Former

Dr. Gurney joined deCODE in August 2000. He was formerly Director of Genomics Research at Pharmacia Corporation. Prior to his positions at Pharmacia, Dr. Gurney held academic appointments in the Department of Pharmacological and Physiological Sciences at the University of Chicago and in the Department of Cell, Molecular and Structural Biology at the Northwestern University Medical School. He received his B.A. in Biology from the University of California at San Diego in 1975 and his Ph.D. from the California Institute of Technology in 1980. In 1994, he completed his M.B.A. at Northwestern University's Kellogg School of Management.

Organization Position Status
deCODE Genetics, Inc. Senior Vice President, Drug Discovery & Dev Current
Pharmacia Corporation Director of Genomics Research Former
Kellogg School of Management at Northwestern University M.B.A. Former
University of California, San Diego B.A. In Biology Former

C. Augustine Kong, Ph.D., has served as Vice President of Statistics since January, 2001. Prevously he was Director of Statistics and has served as a full time consultant to deCODE since 1996. Prior to his appointment as VP Statistics, he served on the faculty of the University of Chicago. Dr. Kong received his Ph.D. in statistics from Harvard University in 1986.

Organization Position Status
deCODE Genetics, Inc. Vice President, Statistics Current
University of Chicago Vice President Former
University of Chicago Faculty Former
Harvard University Ph.D. In Statistics Former

Hakon Gudbjartsson, Ph.D. serves as our Vice President for Informatics. Dr. Gudbjartsson joined us to direct our Department of Informatics in 1996. He received his B.Sc. in electrical engineering in 1990 from the University of Iceland and his M.Sc. in electrical engineering and computer science from MIT in 1992. In 1996, he received his Ph.D. from the Massachusetts Institute of Technology and performed post-doctoral research concerning magnetic resonance imaging at Brigham and Women's Hospital in Boston until joining deCODE.

Organization Position Status
deCODE Genetics, Inc. Vice President, Informatics Current

Organization Position Status
deCODE Genetics, Inc. Vice President, Info & Comm Current

Organization Position Status
deCODE Genetics, Inc. Vice President, Business Dev Current

Organization Position Status
Families of Sma FSMA Welcomes New Research Director Current
deCODE Genetics, Inc. Coordinator Current
Families of Sma Director Current
Yale University Ph.D. In Genetics Former
Yale University Master of Philosophy In Genetics Former

Duke Collier joined Genzyme 1997 after having served as an outside lawyer for the company since 1990. He is responsible for managing Genzyme’s oncology and genetics businesses, as well as its multiple sclerosis program. Before he joined Genzyme, Mr. Collier was president of Vitas Healthcare Corporation and a partner at the Washington, D.C. law firm Hogan and Hartson. He also served as deputy administrator for the Health Care Financing Administration in Baltimore, MD, during the Carter administration. Mr. Collier earned a J.D. at the University of Virginia Law School and a B.A. at Yale University.

Organization Position Status
Genzyme Corporation Executive Vice President Current
Mg Biotherapeutics, LLC Executive Vice President, Genzyme Current
deCODE Genetics, Inc. Board of Directors Current
Mg Biotherapeutics, LLC Board of Directors Current
Excigen, Inc. Board of Directors Current
Incube Ventures Board of Directors Current
Pervasis Therapeutics, Inc. Board of Directors Current
Vitas Healthcare Corporation President Former
Genzyme Biosurgery President Former
Health Care Financing Administration President Former
Genzyme Corporation President, Biosurgery Business Unit Former
Genzyme Biosurgery Executive Vice President, Oncology Former
Hogan & Hartson LLP Partner Former
Health Care Financing Administration Deputy Administrator Former
Health Care, Inc. Deputy Administrator Former
Genzyme Corporation Outside Lawyer Former
Health Systems Management, Inc. Deputy Administrator Former
Genzyme Corporation Board of Directors Former
Encorium Group, Inc. Board of Directors Former
University of Virginia School of Law J.D. Former
University of Virginia Jd Former
Yale University B.A. Former

Organization Position Status
deCODE Genetics, Inc. Board of Directors Current

J. Neal Armstrong has served as a director since April 2007. Since February 2005, Mr. Armstrong has served as Vice President of Aspect Medical Systems, Inc., a developer and manufacturer of an anesthesia monitoring system. He was Vice President and Chief Financial Officer of Aspect Medical Systems, Inc. from 1996 to January 2005. Mr. Armstrong is also a director of deCODE genetics, Inc. Mr. Armstrong received a Bachelor of Business Administration and Accounting from the University of Texas and is a Certified Public Accountant.

Organization Position Status
Aspect Medical Systems Inc. Chief Financial Officer Current
Aspect Medical Systems Inc. Vice President Current
Aspect Inc. Vice President of Investor Relations Current
Tissuelink Medical, Inc. Director Current
Martek Biosciences Corporation Director Current
TransMedics, Inc. Board of Directors Current
Transmedics Board of Directors Current
deCODE Genetics, Inc. Director Current
BTU International, Inc. Chief Financial Officer Former
BTU International, Inc. Vice President of Finance and Administration Former
Haemonetics Corporation Vice President of Finance Former
Aspect Medical Systems Inc. Secretary and Treasurer Former
Texas Instruments Incorporated Former
Haemonetics Corporation Director Former
BTU International, Inc. Treasurer Former
Aspect Medical Systems Inc. Treasurer Former
The University of Texas Bachelor's Degree In Business Administration Former

Organization Position Status
Covington & Burling Senior Counsel Current
Martek Biosciences Corporation Chairman, Nominating and Corporate Governance Committee Current
Visitors Board of Directors Current
Orchid Cellmark, Inc. Board of Directors Current
Inion, Ltd. Board of Directors Current
Martek Biosciences Corporation Director Current
deCODE Genetics, Inc. Board of Directors Current
SmithKline Beecham Corporation Senior Vice President Former
GlaxoSmithKline Plc Senior Vice President Former
SmithKline Beecham Corporation General Counsel Former
GlaxoSmithKline Plc General Counsel Former
Stanford Law School Jd Former
Harvard College Undergraduate Degree In Physical Sciences Former
Harvard College degree in physical sciences Former
Orchid Co member Former
Martek Biosciences Corporation member Current

Organization Position Status
deCODE Genetics, Inc. Board of Directors Current

Organization Position Status
deCODE Genetics, Inc. Board of Directors Current

Organization Position Status
The Institute of Cancer Research Director Current
deCODE Genetics, Inc. Board of Directors Current
The Royal Society Fellow Current
deCODE Genetics, Inc. Member Current
Cambridge University Chairman Former
University of Oxford Doctorate Former
Stanford University Postdoctoral Former

Terrance G. McGuire is a managing general partner and co-founder of Polaris Venture Partners. He also co-founded Inspire Pharmaceuticals, AIR (Advanced Inhalation Research, Inc.), and MicroCHIPS. Mr. McGuire represents Polaris as a director on the boards of Acceleron Pharma, Biolex Therapeutics, GlycoFi, Life Line Screening, MicroCHIPS, and Remon Medical Technologies. He previously served on the boards of Akamai, Cubist Pharmaceuticals, and Aspect Medical Systems, as well as the Massachusetts Biotechnology Council and MassMEDIC. Mr. McGuire holds an MBA from Harvard Business School, an MS in engineering from The Thayer School at Dartmouth College, and a B.S. in physics and economics from Hobart College.

Organization Position Status
Microbia, Inc. Managing General Partner and Co-Founder of Polaris Venture Partners Current
deCODE Genetics, Inc. Vice Chairman Current
Acceleron Pharma Inc Director Current
Thayer School of Engineering Board of Directors Current
Ironwood Pharmaceuticals, Inc. Board of Directors Current
Inspire Pharmaceuticals, Inc. Co-Founder Former
Microchips Co-Founder Former
Acusphere, Inc. Former
Glycofi, Inc. Board of Directors Former
MassMEDIC Board of Directors Former
Transform Pharmaceuticals, Inc. Board of Directors Former
Aspect Medical Systems Inc. Board of Directors Former
Dartmouth College M.S. In Engineering Former
Harvard Business School M.B.A. Former
Hobart and William Smith Colleges B.S. In Physics Former

Ms Norinder has extensive experience in the Pharmaceutical Industry and has held senior clinical development and regulatory affairs positions in Europe and the United States at Pfizer, Astra, Glaxo and Pharmacia & Upjohn. She was CEO and Chairman of UK-based Prolifix Ltd, from 1998 until the merger of Prolifix and TopoTarget in 2002. She currently serves on the boards of several biotechnology companies including Antisoma plc, Artimplant AB, Photocure ASA, Biolipox AB, and is chairman of the board of Betagenon AB.

Organization Position Status
deCODE Genetics, Inc. Member Current
Photocure Asa Board of Directors Current
deCODE Genetics, Inc. Board of Directors Current
Prolifix LLC CEO and Chairman Former
Pfizer Inc. Former
Pharmacia Corporation Former

Executive News

  • deCODE genetics, Inc. (DCGN) Announces Second Quarter 2009 Financial Results

    BioSpace - 8/11/09 - View Story

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DCGN $0.032 -0.003 (-8.57% )
Volume 2,371,613
Shares Outstanding 61.7M
Market Cap 1.9M
Year High 0.94
Year Low 0.030
Earnings Per Share -1.00
P/E Ratio N/A
Dividend 0.00
Yield 0.00
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