BNET Industries

Market Cap:$38.2M
Last Fiscal Year Sales:$57.9K
  • Public
  • US
Dow Jones Description

We are a medical device and specialty pharmaceutical company. We are developing a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system for use in clinical settings and for people with diabetes together with a wide range of transdermal reformulations of specialty pharmaceutical products previously approved by the United States Food and Drug Administration (FDA). Our Symphony tm tCGM System is a next-generation, non-invasive (needle-free), wireless tCGM system designed to provide reliable, on-demand blood glucose data conveniently, continuously and cost-effectively. Symphony incorporates our patented feedback mechanism for optimal skin permeation control and our continuous transdermal sensor to detect glucose trends, for controlling complications associated with blood glucose levels that stray outside of a medically recommended target range. With Symphony, we are focused on changing the current standard of care paradigm of invasive (needle-based), episodic blood glucose testing with our needle-free tCGM technology designed to improve patient compliance to frequent glucose testing and achieve better overall glucose control. All existing FDA-approved continuous glucose monitoring (CGM) systems are needle-based, requiring insertion of a glucose sensor into the patients skin, which gives rise to risks of infection, inflammation or bleeding at the insertion site. ...

Chairman, President & CEO
Patrick T Mooney
Number of Employees 11
Contact Information

10 Forge Pkwy

Franklin, Massachusetts 02038

www.echotx.com

(508) 553-8850

NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510

Recent Events

  • Echo Therapeutics Announces $3 Million Financing

    11/13/09 - New Investment - View Story

Decision Makers

Name (plus bio) Position
Harry G. Mitchell COO and CFO
Joel Eisner Vice President, Corporate Development
Robert S. Langer Jr. Co-Founder
Han Chuang Director of Research and Development
Karen Cowgill Souza Controller
Barry D Marston
Kathy D Dickinson
Scott C Kellogg

Board of Directors

Name (plus bio) Position
Patrick T Mooney Chairman, President & CEO
Joseph F Amaral Board of Directors
Shawn K Singh Board of Directors
Vincent D. Enright Board of Directors
Walter W Witoshkin Board of Directors

Organization Position Status
Redchip Companies, Inc. Chairman & Chief Executive Officer Current
Echo Therapeutics, Inc. Chairman, President & CEO Current
Janney Montgomery Scott LLC Vice President, Senior Biotechnology Analyst Former
Janney Montgomery Scott LLC Senior Biotechnology Analyst Former
Echo Therapeutics, Inc. Board of Directors Former
Jefferson Medical College of Thomas Jefferson University Degree Former

Mr. Mitchell joined Sontra Medical Corporation (now Echo) in January 2007 and served as Sontra's Interim Chief Executive Officer and Chief Financial Officer through its merger with ETI. Mr. Mitchell also served in several key executive roles as a consultant to Sontra prior to January 2007. Prior to joining Sontra, Mr. Mitchell served as President and Chief Executive Officer of MedTech Advances, Inc., a privately-held diabetes medical device company, Executive Vice President and a director of Boston Medical Technologies, Inc., a privately-held diabetes medical device company, and as a financial and management consultant to several other public and private companies. Mr. Mitchell is a member of the American Institute of Certified Public Accounts and the Massachusetts Society of Certified Public Accountants.

Organization Position Status
Echo Therapeutics, Inc. COO and CFO Current
Massachusetts Society of Certified Public Accountants, Inc Board of Directors Current
Echo Therapeutics, Inc. Interim CEO Former

Organization Position Status
Echo Therapeutics, Inc. Vice President, Corporate Development Current
Cato Bioventures Associate Principal Current
The Endocrine Society Board of Directors Current
The Endocrine Society Member Current
Durham Pharmaceuticals Ltd Vice President, Corporate Development Former
Northwestern University School of Medicine Clinical Operations Manager Former
Insmed Incorporated Clinical Research Scientist Former

Dr. Langer has served as a scientific consultant and director since June 2002. Dr. Langer is currently the Chairman of the Company s Scientific Advisory Board. Dr. Langer is a co-founder of Sontra Medical, Inc. Since 1979, Dr. Langer has been Germeshausen Professor of Chemical and Biomedical Engineering at the Massachusetts Institute of Technology. Dr. Langer is also currently a director of Momenta Pharmaceuticals, Inc., a biotechnology company developing drugs based on sugar sequencing technology, Boston Life Sciences, Inc., a company focused on research and development of therapeutic and diagnostic products, and Wyeth, a pharmaceutical and consumer healthcare products company. Dr. Langer received his B.S. from Cornell University in 1970 and his Ph.D. from MIT in 1974, both in chemical engineering.

Organization Position Status
Echo Therapeutics, Inc. Co-Founder Current
Acusphere, Inc. co-founder Current
PureTech Ventures Co-Founder Current
Gelesis Inc. Co-Founder, Partner Current
Massachusetts Institute of Technology Professor Current
Massachusetts Institute Institute Prof Current
Alseres Pharmaceuticals, Inc. Professor Current
Analysis Group, Inc. Current
Wyeth Current
RD Legal Funding LLC Current
NYSE Group, Inc. Current
Fda.Com Chairman Current
Echo Therapeutics, Inc. Director Current
Alseres Pharmaceuticals, Inc. Director Current
U.S. Genomics, Inc. Board of Directors Current
Momenta.Com Board of Directors Current
Redchip Companies, Inc. Board of Directors Current
PureTech Ventures Venture Partner Former
Echo Therapeutics, Inc. Director and Chairman of the Scientific Advisory Board Former
Momenta Pharmaceuticals, Inc. Board of Directors Former
Guilford Pharmaceuticals, Inc. Director Former
Warner-Lambert Director Former
Alkermes, Inc. Director Former
Massachusetts Institute of Technology Ph.D. Former
Cornell University B.S. Former
Massachusetts Institute of Technology Sc.D. in Chemical Engineering Former
U.S. Food and Drug Administration member Former

Organization Position Status
Echo Therapeutics, Inc. Director of Research and Development Current

Organization Position Status
Echo Therapeutics, Inc. Controller Current

Organization Position Status
Echo Therapeutics, Inc. Current
Lifecore Biomedical, Inc. Director of Marketing and Business Development Former
Ethicon Endo-Surgery, Inc. Former
Brigham Young University BA Former
Brigham Young University BA Former

Organization Position Status
Echo Therapeutics, Inc. Current
Confluent Surgical, Inc. Former
Rhode Island College B.S. degree in microbiology Former

Organization Position Status
Gelesis Inc. Vice President and Head of Operations, Follica Current
Follica Inc. Vice President Current
Follica Inc. Head of Operations Current
Echo Therapeutics, Inc. Current
Follica Inc. Board of Directors Current
Northeastern University MS Former

Dr. Amaral is the VP of Surgical Technologies in the Corporate Office of Science and Technology at Johnson & Johnson. He is the former President & CEO of Rhode Island Hospital. Before taking leadership of Rhode Island Hospital in 2000, Dr. Amaral trained as a resident, practiced surgery, and eventually became Chief of Surgery for the hospital. He has oversaw a $350 million capital renovation project, information services improvements, and stewarded the hospital from a $30 million loss in 2000 to a 4% profit in 2005. An innovator in minimally invasive surgical techniques and technologies, he was the co-developer of ultrasonically activated cutting Harmonic Scalpel currently sold worldwide by Johnson & Johnson. Currently he is a director of Sontra Medical (NASDAQ: SONT) and has served on the advisory boards of Davol, US Surgical, Stryker Endoscopy, Hereous Laser, Axya, and J&J Ethicon Endo-Surgery. Dr. Amaral received a BA from Providence College and MD from Brown Medical School.

Organization Position Status
Rhode Island Hospital CEO Current
Isis Biopolymer, Inc. Dr. Amaral Is Vice President Current
Brown Medical School Professor Current
Point Judith Capital Board of Directors Current
Isis Biopolymer, Inc. Board of Directors Current
Point Judith Capital Partners Advisory Member Current
Echo Therapeutics, Inc. Board of Directors Current
Rhode Island Hospital President Former
Johnson & Johnson Former
Ethicon Endo-Surgery, Inc. Former
U.S. Surgical Advisory Member Former
Brown Medical School MD Former
Providence College BS Degree Former

Shawn K. Singh, J.D., President, serves as Chief Business Officer and General Counsel of Cato Research, as Managing Principal of Cato Venture Group, as Chief Operating Officer, General Counsel and Director of VistaGen Therapeutics, Inc., and as and member of the business advisory board of Investigen. Prior to joining CATO, Mr. Singh served as Chief Business Officer of SciClone Pharmaceuticals (NASDAQ: SCLN), as a founder of Start-up-Law, President of Artemis Neuroscience (acquired by VistaGen Therapeutics, Inc. in 2003), as a Corporate Finance Associate in the Silicon Valley offices of Morrison & Foerster, an international Law firm. Mr. Singh is a member of the State Bar of California.

Organization Position Status
Durham Pharmaceuticals Ltd President Current
Vistagen, Inc. Chief Operating Officer and Director Current
Celerity Fund Principal Current
Cato Bioventures Principal Current
Echo Therapeutics, Inc. Board of Directors Current
State Bar of California Member Current
Echo Therapeutics, Inc. President Former
SciClone Pharmaceuticals, Inc. Chief Business Officer Former
Cato Research, Ltd. Chief Business Officer Former
Morrison & Foerster LLP Founder Former
Morrison & Foerster LLP Corporate Finance Associate Former

Organization Position Status
Echo Therapeutics, Inc. Board of Directors Current
KeySpan Corporation Chief Financial Officer Former
KeySpan Corporation Senior Vice President Former

Organization Position Status
Quantrx Biomedical Corporation Chief Executive Officer Current
Fluoropharma Inc. Director, Chief Financial Officer Current
The Trident Group Partner Current
Quantrx Biomedical Corporation Chairman Current
Echo Therapeutics, Inc. Board of Directors Current
Quiqmeds, Inc. Board of Directors Current
The Trident Group Owner Former
Philadelphia University Master of Business Administration Degree Former
The Pennsylvania State University Bachelor of Science Degree Former

Executive News

  • Echo Therapeutics Announces New Presentation Time at Rodman & Renshaw 2009 Annual Global Investment Conference

    Pharma Live - 9/08/09 - View Story

  • Echo Therapeutics Announces New Presentation Time at Rodman & Renshaw 2009 Annual Global Investment Conference

    PR Newswire - 9/08/09 - View Story

  • VistaGen Appoints Industry Veteran Shawn Singh as Chief Executive Officer

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

  • VistaGen Therapeutics, Inc. Appoints Industry Veteran Shawn Singh as Chief Executive Officer

    BioSpace - 8/21/09 - View Story

  • VistaGen Appoints Industry Veteran Shawn Singh as Chief Executive Officer

    Business Wire - 8/20/09 - View Story

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     ECTE $1.43 +0.04 (2.88% )
Average Volume 20,798
Shares Outstanding 26.76M
Market Cap 38.3M
Year High 2
Year Low 0.212
Earnings Per Share -0.75
P/E Ratio -1.91
Dividend N/A
Yield N/A
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