BNET Industries

Market Cap:$443.0M
Last Fiscal Year Sales:$348.1M
  • Public
  • US
Dow Jones Description

The Medicines Company is focused on advancing the treatment of critical care patients through the delivery of innovative, cost-effective medicines to the worldwide hospital marketplace. The Company markets Angiomax(R) (bivalirudin) in the United States and other countries for use in patients undergoing coronary angioplasty, and Cleviprex(R) (clevidipine butyrate) injectable emulsion in the United States for the reduction of blood pressure when oral therapy is not feasible or not desirable. The Company also has two products in late stage development: cangrelor, an investigational antiplatelet agent, and oritavancin, a semi-synthetic lipoglycopeptide antibiotic. The Company's pipeline also includes a serine protease inhibitor, CU2010, in early-stage development.

Number of Employees 453
Contact Information

8 Campus Dr

Parsippany, New Jersey 07054

themedicinescom...

(973) 656-1616

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Medicines Co. Recalls Cleviprex Because of Particulates

    1/11/10 - Product Recall - View Story

  • Medicines Co Sues Teva and Pliva over Angiomax Generic

    1/05/10 - Lawsuit Filed - View Story

  • Continuing Contamination...

    12/20/09 - Product Recall - View Story

  • Medicines MDCO Posts Q3 Loss of $0.06

    10/28/09 - Financial Announcement - View Story

  • Medicines Co. COO John Kelley Resigns - Update

    10/02/09 - Mgmt. Change Leaving - Operations - View Story

  • The Medicines Company Announces the Resignation of Its Chief Operating Officer

    10/02/09 - Mgmt. Change - Entering - View Story

  • Medicines COO John Kelley Resigns - Quick Facts

    10/02/09 - Mgmt. Change - Leaving - View Story

  • The Medicines Company Appoints T. Scott Johnson as Vice President, New Business Ventures & Chief...

    7/23/09 - Mgmt. Change Leaving - Director - View Story

News & Analysis

earnings and medicines co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Robert G. Savage Director
Glenn Sblendorio Executive Vice President and Chief Financial Officer
Steven Koehler CFO, Senior Vice President
William Bernard O'Connor Vice President
Glyn R. Parkin Senior Vice President, Intl Operations
Kelli Watson Senior Vice President
Kelli Watson Pacicco Senior Vice President
Michael Antinori Paul Senior Vice President and General Counsel
Pacicco Kelli Watson Senior Vice President
Paul Antinori Senior Vice President and General Counsel
Brent Furse Vice President & General Manager
James Ferguson Vice President, Global Medical, Surgical and Critical Care
Robyn Brown Vice President, Investor Relations
Steven Steinhubl Joins the Medicines Company as Global Vice President, Thrombosis
Michael Mitchell Executive Director, Corporate Affairs
Helmut Giersiefen Co-Founder
Steve Wesley Director, Global Distribution & Trade Relations
Edwina White Consultant
Matt Duffy
M. Fazle Husain Director
William W Crouse Director

Board of Directors

Name (plus bio) Position
Elizabeth H.S. Wyatt Independent Director, Member of Audit Committee and Chair of Compensation Committee
Armin M. Kessler Board of Directors
Robert J. Hugin Independent Director, Chair of Audit Committee
Trevor M. Jones Board of Directors
Clive A. Meanwell Chairman and Chief Executive Officer
John P. Kelley Board of Directors
Michael Lytton Board of Directors
Melvin K. Spigelman Independent Director, Chair of Nominating and Corporate Governance Committee
Sylvia Metzler Co-Chair
Hiroaki Shigeta Board of Directors
Leon E. Rosenberg Board of Directors
Paul S Lalvani Board of Directors
T. Scott Johnson Board of Directors

Organization Position Status
Vela Pharmaceuticals, Inc. Current
EpiCept Corporation Non-Executive Chairman of the Board Current
JDS Pharmaceuticals, LLC Chairperson Current
Noven Pharmaceuticals, Inc. Chairperson Current
Noven Pharmaceuticals, Inc. Director Current
NovaDel Pharma Inc. Director Current
Angiox Board of Directors Current
The Medicines Company Director Current
The Group Inc. President Former
Johnson & Johnson President Former
Pharmacia Corporation President Former
Johnson & Johnson Vice President Sales & Marketing Former
The Medicines Company Vice President Former
Pharmacia Corporation Group Vice President Former
Johnson & Johnson Chairman Former
The Medicines Company Chair Former
The Group Inc. Chairman Former
EpiCept Corporation Board of Directors Former
Rutgers University MBA Former
Upsala College B.S. In Biology Former

Organization Position Status
Angiox Independent Director, Member of Audit Committee and Chair of Compensation Committee Current
The Medicines Company Independent Director, Member of Audit Committee and Chair of Compensation Committee Current
Medlmmune Ventures, Inc. Director Current
ARIAD Pharmaceuticals, Inc. Board of Directors Current
Neose Technologies, Inc. Board of Directors Current
Norwood Abbey Ltd Board of Directors Current
Sweet Briar College Board of Directors Current
Randolph-Macon College Board of Trustees Current
Seabury Group LLC Director Current
Merck & Co. Inc. Vice President, Corporate Licensing Former
The Medicines Company Board of Directors Former
Harvard Business School M.B.A. Former
Harvard Business School M.B.A. Former
Boston University M.S. In Education Former
Sweet Briar College A.B. Former
The Medicines Company A.B. Former

Armin Kessler - Armin M. Kessler served as Chief Operating Officer of Hoffmann-La Roche in Basel Switzerland from 1990 to 1995. Prior to being appointed COO, he held several senior positions at Hoffmann-La Roche, including head of the pharmaceutical and diagnostic divisions of the organization. Earlier positions in his career included Director of Pharmaceutical Marketing Worldwide for Sandoz (now Novartis) and President of Sandoz KK in Tokyo. He currently serves on the board of The Medicines Company, Gen_Probe and Spectrum Pharmaceuticals (formerly Neotherapeutics) and has served on the boards of Hoffmann-La Roche, Syntex and Genentech. He received a degree in Physics and Chemistry from Pretoria University in South Africa, a degree in Chemical Engineering from the University of Cape Town, South Africa, a Juris Doctorate from Seton Hall University, New Jersey, and Dr. h.c. in Business Administration from the University of Pretoria.

Organization Position Status
Actelion Pharmaceuticals, Ltd. Chairman of the Compensation Committee Current
Angiox Board of Directors Current
Medgenisis Director Current
Mlt Research Limited Board of Directors Current
Actelion Ltd Board of Directors Current
Gen-Probe Inc. Board of Directors Current
PRA International Inc. Director Current
The Medicines Company Board of Directors Current
Spectrum Pharmaceuticals Inc. Director Current
Hoffmann-La Roche Inc. Chief Operating Officer Former
New Jersey & Company Juris Doctorate Former
Seton Hall University Juris Doctorate Former
University of Pretoria Doctorate In Business Administration Former
University of Pretoria B.S. Former
University of Cape Town B.S. Former
University of Cape Town Degree In Chemical Engineering Former
Seton Hall University Degree In Physics Former
University of Pretoria Degrees In Physics Former

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

Organization Position Status
King's College Professor Current
King's College London Visiting Professor Current
TI Pharma Current
Ff&P Private Equity Limited Current
King's College London Deputy Chairman Current
Javelin Ventures Limited Chairman Current
People Inc. Chairman of the Board of Directors Current
Synexus Ltd Chairman Current
Reneuron Group Plc Deputy Chairman Current
People In Health Chairman Current
Verona Pharma Plc Board of Directors Current
SciClone Pharmaceuticals, Inc. Board of Directors Current
Ukscf Board of Directors Current
The Medicines Company Board of Directors Current
Libertas Capital Plc Board of Directors Current
Rhinopharma Ltd Board of Directors Current
Allergan, Inc. Director Current
King's College Vice-Chair Current
Allergan, Inc. Member Current
The Royal Society Fellow Current
British Pharmacological Society Fellow Current
Health-Corp Chairman of the Board Former
The Wellcome Foundation Ltd. Main Board Director Former
Abpi Director Former
University of Athens Honorary Doctorate Former
University of London Ph.D. Former
University of London Bachelor of Pharmacy Degree Former

Clive Meanwell has been a director since 1996. He has served as our Chief Executive Officer since August 2004, and he served as our President from August 2004 to December 2004, as our Executive Chairman from September 2001 to August 2004 and as our Chief Executive Officer and President from 1996 to September 2001. From 1995 to 1996, Dr. Meanwell was a Partner and Managing Director at MPM Capital, L.P., a venture capital firm. From 1986 to 1995, Dr. Meanwell held various positions at Hoffmann-La Roche, Inc., a pharmaceutical company, including Senior Vice President from 1992 to 1995, Vice President from 1991 to 1992 and Director of Product Development from 1986 to 1991. Dr. Meanwell also serves as a director of Endo Pharmaceuticals Holdings Inc. Dr. Meanwell received an M.D. and a Ph.D. from the University of Birmingham, United Kingdom.

Organization Position Status
The Medicines Company Chairman and Chief Executive Officer Current
Endo Pharmaceuticals Holdings Inc. Board of Directors Current
The Medicines Company President Former
MPM Capital Limited Partnership Managing Director Former
MPM Capital Limited Partnership Partner Former
University of Birmingham M.D. Former

Organization Position Status
Angiox President and Chief Operating Officer Current
The Medicines Company President and Chief Operating Officer Current
The Medicines Company Board of Directors Current
Acorda Therapeutics, Inc. Board of Directors Current
Sanofi-Aventis Senior Vice President, Global Marketing Former
Sanofi-Aventis Senior Vice President, Global Marketing and Medical Former
Sanofi-Aventis Commercial Director Former
Sanofi-Aventis Head of Strategic Development Former
Rockhurst University M.B.A. Former
Wilkes University B.A. Former

Michael Lytton is our Executive Vice President, Corporate and Business Development, and has served in that position since February 2009. From 2001 to 2009, he was a General Partner at Oxford Bioscience Partners, a venture capital firm. From 1993 to 2000, he was Partner, Chairman of the Technology Group and a member of the Executive Committee of the law firm Edwards, Angell, Palmer & Dodge LLP. From 1984 to 1993, Mr. Lytton was a Junior Partner and Co-Chairman of the Biotechnology Practice of the law firm Wilmer Hale.

Organization Position Status
Biogen Idec, Inc. Executive Vice President, Corporate and Business Development Current
Oxford Bioscience Partners General Partner Current
Connecticut Innovations Advisory Committee Current
Santhera Pharmaceuticals AG Chairman Current
The Medicines Company Board of Directors Current
Molecular Biometrics LLC Board of Directors Current
Enanta Board of Directors Current
Decision Biomarkers, Inc Board of Directors Current
Claros Board of Directors Current
Radius Inc. Board of Directors Current
Rib-X Pharmaceuticals Board of Directors Current
GPC Biotech AG Vice Chairman Current
Harvard Medical School Board Member Current
Radius Health Inc. Board of Directors Current
VaxInnate Corporation Board of Directors Current
The Board, Inc. Board of Directors Current
Harvard Medical School Member Current
Technology Group Partner Former
Palmer Dodge Inc. Partner Former
MIT Enterprise Forum, Inc. Executive Member Former
Technology Group Chairman Former
MIT Enterprise Forum, Inc. Board of Directors Former
Palmer Dodge Inc. Board of Directors Former
Harvard Law School Jd Former
London School of Hygiene & Tropical Medicine Degree Former
Princeton University Graduate Former
Alantos Pharmaceuticals AG member Former
Palmer Dodge Inc. Member Former

Glenn P. Sblendorio has been our Chief Financial Officer and Executive Vice President since March 2006. Prior to joining the Company, Mr. Sblendorio was Executive Vice President and Chief Financial Officer of Eyetech Pharmaceuticals, Inc. until it was acquired by OSI Pharmaceuticals, Inc. in November 2005. From July 2000 to February 2002, Mr. Sblendorio served as Senior Vice President of Business Development for the Company. From 1998 to July 2000, Mr. Sblendorio was the Chief Executive Officer and Managing Director of MPM Capital Advisors, LLC, an investment bank specializing in healthcare related transactions. Mr. Sblendorio’s pharmaceutical experience also includes 12 years at Hoffmann-LaRoche, Inc., a pharmaceutical company, in a variety of senior financial positions, including Chief Financial Officer of Roche Molecular Systems and Head of Finance-Controller for Amgen/Roche Europe. Mr. Sblendorio received his B.B.A. in accounting from Pace University and his M.B.A. in Finance from Fairleigh Dickinson University.

Organization Position Status
The Medicines Company Executive Vice President and Chief Financial Officer Current
Angiox Executive Vice President and Chief Financial Officer Current
Osi Eyetech Chief Financial Officer Former
Osi Eyetech Executive Vice President Former
Osi Eyetech Board of Directors Former
Fairleigh Dickinson University M.B.A. In Finance Former
Pace University B.B.A. In Accounting Former

Organization Position Status
The Medicines Company CFO & Senior Vice President Current
The Medicines Company CFO, Senior Vice President Current
Vion Pharmaceuticals, Inc. Chief Financial Officer Former
Vion Pharmaceuticals, Inc. Vice President, Finance Former
Kellogg School of Management at Northwestern University M.B.A. degree Former
Duke University B.A. degree Former

Organization Position Status
Angiox Chief Accounting Officer Current
The Medicines Company Chief Accounting Officer Current
The Medicines Company Vice President Current
The Medicines Company Controller Current
Angiox Board of Directors Current
Osi Eyetech Vice President of Finance Former
Mdco Former
Fairleigh Dickinson University Bachelors Degree In Accounting Former

Organization Position Status
The Medicines Company Senior Vice President, Intl Operations Current

Kelli Watson has been our Senior Vice President Global Communications since October 2006. She joined MDCO in January 2006 in support of the Human Strategy function. Prior to joining us, she held various positions with Pfizer Inc, including Vice President Global Human Resources Planning (2002-2006), Vice President Human Resources and Planning for the Corporate Affairs function (1996-2002) and various other Human Resource positions throughout the organization. She was also played leadership roles in Pfizer's acquisition of both Warner-Lambert and Pharmacia, Kelli holds a BA in Psychology and Sociology from Hamline University, and a MA in Industrial Relations from the University of Minnesota.

Organization Position Status
The Medicines Company Senior Vice President Current
Angiox Senior Vice President, Global Communications Current
Mdco Former
Pfizer Inc. Former

Organization Position Status
The Medicines Company Senior Vice President Current

Organization Position Status
The Medicines Company Senior Vice President and General Counsel Current

Organization Position Status
The Medicines Company Senior Vice President Current

Organization Position Status
Angiox Senior Vice President and General Counsel Current
The Medicines Company Senior Vice President and General Counsel Current
University of Virginia J.D. Former
University of Virginia School of Law J.D. Former
Boston College B.A. Former

Organization Position Status
The Medicines Company Vice President & General Manager Current

Organization Position Status
The Medicines Company Vice President, Global Medical, Surgical and Critical Care Current

Organization Position Status
The Medicines Company Vice President, Investor Relations Current

Dr. Steinhubl is a leading interventional cardiologist and cardiovascular researcher. Prior to joining the Company, Dr. Steinhubl was an Associate Professor of Medicine and the Director of the Cardiovascular Education and Clinical Research at the University of Kentucky in Lexington for the past 4 years. Dr. Steinhubl has been the principle investigator and served on the Steering Committees for numerous large clinical trials including CREDO, STEEPLE, STRADIVARIUS, SYNERGY, and CHARISMA. His research activities have led to the publication of over 100 peer-reviewed manuscripts as well as numerous book chapters, and abstracts.

Organization Position Status
The Medicines Company Joins the Medicines Company as Global Vice President, Thrombosis Current

Organization Position Status
The Medicines Company Executive Director, Corporate Affairs Current

Organization Position Status
Curacyte AG Chief Executive Officer Current
The Medicines Company Co-Founder Current
F. Hoffmann-La Roche Ltd. Project Director Former

Dr. Spigelman is the Director of Research and Development for the TB Alliance. Previously, Dr. Spigelman spent a decade managing drug R&D at Knoll Pharmaceuticals (a division of BASF Pharma). As Vice President of R&D at Knoll, Dr. Spigelman directed clinical development and supervised all R&D activities from basic discovery to regulatory approval. He established global R&D processes as part of Knoll's senior R&D management team, oversaw a marked increase in US regulatory filings and approvals, and supervised joint R&D programs with pharmaceutical companies. Starting as Director of Oncology and Immunology in 1989, Dr. Spigelman became Vice President of R&D at Knoll until its acquisition by Abbott Laboratories in 2001. Dr. Spigelman received his undergraduate degree from Brown University and his medical degree from the Mt. Sinai School of Medicine where he specialized in Internal medicine and Neoplastic Diseases. Dr. Spigelman holds board certifications from the American Board of Internal Medicine, the American Board's Subspecialty Board of Medical Oncology, and the American Board of Preventive Medicine and was the recipient of the American Cancer Society Clinical Oncology Career Development Award (1985-1988).

Organization Position Status
Tb Alliance Director of Research and Development Former
Tb Alliance President & Chief Executive Officer Current
The Medicines Company Independent Director, Chair of Nominating and Corporate Governance Committee Current
Tb Alliance Board of Directors Current
Angiox Board of Directors Current
Synergy Pharmaceuticals, Inc. Board of Directors Current
Pawfect Foods Inc Board of Directors Current
Knoll, Inc. Vice President Former
Abbott Laboratories Vice President of R&D Former
The Medicines Company Director Former
Mount Sinai School of Medicine M.D. Former
Brown University Undergraduate Degree Former

Organization Position Status
The Medicines Company Director, Global Distribution & Trade Relations Current
Cardinal Health, Inc. National Director, Sales & Director, National Accounts Former
IDN Inc. Former

Organization Position Status
Tandem Labs, Inc. Vice President of Human Resources Current
End O Consultant Current
The Medicines Company Consultant Current
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
Wharton Graduate School of the University of Pennsylvania B.A. Degree Former

Organization Position Status
The Medicines Company Current

Sylvia Metzler is a grandmother of four -- two of whom are old enough to fight and die in Iraq. As a practicing family nurse practitioner, she cares for many young people. She wants to protect them from trauma as if they were her grandkids. Sylvia has lived in North Philadelphia for fourteen years since returning from Nicaragua where she worked in a health care center for two years. She serves as president of the board of the Norris Square Neighborhood Project; co-chair of Medicines for Nicaragua; and co-chair of the Philadelphia Area Committee to Defend Health Care, which is committed to a universal single-payer health-care system. When she is not working for peace and social justice, she enjoys jogging, gardening, cooking, and hanging out with family and friends.

Organization Position Status
Norris Square Neighborhood Project, Inc. President of The Board Current
Granny Peace Brigade Philadelphia Current
The Medicines Company Co-Chair Current

Organization Position Status
Angiox Board of Directors Current
The Medicines Company Board of Directors Current
Sandoz Former

Leon E. Rosenberg, M.D. , has served on Hana's Board of Directors since February 2004 and has been non-executive Chairman of the Board since March 2007. Dr. Rosenberg has been a Professor in the Princeton University Department of Molecular Biology and the Woodrow Wilson School of Public and International Public Affairs since September 1997. Since July 1999, he has also been Professor Adjunct of Genetics at Yale University School of Medicine. From January 1997 to March 1998, Dr. Rosenberg served as Senior Vice President, Scientific Affairs of Bristol-Myers Squibb, and from September 1991 to January 1997, Dr. Rosenberg served as President of the Bristol-Myers Squibb Pharmaceutical Research Institute. From July 1984 to September 1991, Dr. Rosenberg was Dean of the Yale University School of Medicine. Dr. Rosenberg also serves on the Boards of Directors of Lovelace Respiratory Research Institute, Karo Bio AB, and Medicines for Malaria Venture. Dr. Rosenberg received B.A. and M.D. degrees, both summa cum laude, from the University of Wisconsin. He completed his internship and residency training in internal medicine at Columbia Presbyterian Medical Center in New York City.

Organization Position Status
The Public Prof Current
Hana Biosciences, Inc. Chairman of The Board Current
Lovelace Respiratory Research Institute Board of Directors Current
The Medicines Company Board of Directors Current
Karo Bio AB Board of Directors Current
Hana Biosciences, Inc. President Former
Bristol-Myers Squibb Company Senior Vice President, Scientific Affairs Former
Yale University School of Medicine Dean Former
Hana Biosciences, Inc. Board of Directors Former
Yale University M.D. Former

Organization Position Status
Morgan Stanley Corporate Finance Department Current
Morgan Stanley Venture Partners Managing Member, Health Care, Enterprise Software Current
Network International Inc. Director Current
The Medicines Company Director Current
HealthStream, Inc. Board of Directors Current
Cross Country, Inc. Director Current
Solstice Neurosciences, Inc. Director Current
Peopleclick, Inc. Director Former
Harvard Business School M.B.A Former
Brown University B.Sc Former

Organization Position Status
Rapid Pharmacovigilance Pharmacist, MBA Current
The Medicines Company Board of Directors Current

Dr. Johnson joined MDPad's Board of Directors in August 2000. In July 1999, Dr. Johnson founded JSB Partners, L.P., an investment bank focusing on mergers and acquisitions, private financings and corporate alliances within the health care sector. From July 1991 to June 1999, Dr. Johnson served as a founder and managing director of MPM Capital, L.P. Dr. Johnson held academic positions at the Harvard Medical School from 1978 to 1996 and was actively involved in both basic science and clinical research at the Beth Israel Hospital and the Brigham and Women's Hospital. Dr. Johnson received both his B.A. and M.D. from the University of Alabama.

Organization Position Status
Mdpad Corporation Board of Directors Current
Angiox Board of Directors Current
The Medicines Company Board of Directors Current
MPM Capital Limited Partnership Managing Director Former
MPM Capital Limited Partnership Founder Former
The University of Alabama M.D. Former
The University of Alabama B.S. Former

Organization Position Status
Eusa Pharma Inc Managing Director Current
Angiox Independent Director, Chair of Nominating and Corporate Governance Committee Current
Uluru, Inc Chairman, Director Current
The Medicines Company Director Current
New York Blood Center, Inc. Board of Directors Current
Uluru, Inc Board of Directors Current
Eusa Pharma Inc Board of Directors Current
New York Blood Center, Inc. Trustee Current
Health Care Ventures LLC Managing Director Former
The Medicines Company Independent Director, Chair of Nominating and Corporate Governance Committee Former
Dendreon Corporation Director Former
Human Genome Sciences, Inc. Director Former
ImClone Systems Incorporated Board of Directors Former
Bio Transplant Incorporated Director Former
OraSure Technologies, Inc. Director Former
Pace University M.B.A. Former
Pace University B.S. In Finance Former
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     MDCO $7.88 -1.42 (-15.27% )
Average Volume 572,525
Shares Outstanding 53.01M
Market Cap 417.7M
Year High 12.12
Year Low 6.15
Earnings Per Share -1.46
P/E Ratio -5.40
Dividend N/A
Yield N/A
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