BNET Industries
Market Cap:$133.2M
Last Fiscal Year Sales:$6.0M
- Public
- US
Dow Jones Description
We are a clinical stage biopharmaceutical company that manufactures and develops monoclonal antibodies for the treatment of cancer and serious viral infections. We are advancing three separate clinical programs with our novel compounds bavituximab and Cotara ® that are the first clinical candidates under our Anti-Phosphatidylserine ("Anti-PS") therapeutics and Tumor Necrosis Therapy ("TNT") platforms. In addition to our clinical programs, we are performing pre-clinical research on bavituximab and an equivalent fully human antibody as a potential broad-spectrum treatment for viral hemorrhagic fever infections under a contract awarded through the Transformational Medical Technologies Initiative ("TMTI") of the U.S. Department of Defense's Defense Threat Reduction Agency ("DTRA"). This federal contract is expected to provide us with up to $22.3 million in funding over an initial 24-month base period, with $14.3 million having been appropriated through the current federal fiscal year ending September 30, 2009. In addition to our research and development efforts, we operate a wholly owned cGMP (current Good Manufacturing Practices) contract manufacturing subsidiary, Avid Bioservices, Inc. ("Avid"). Avid provides contract manufacturing services for biotechnology and biopharmaceutical companies on a fee-for-service basis, from pre-clinical drug supplies up through commercial-scale drug manufacture. ...
President and Chief Executive Officer, Director
Steven W. KingNumber of Employees 129
Contact Information
14272 Franklin Ave Ste 100
Tustin, California 92780-7017
(714) 508-6000
Peer Companies
NAICS Code In-Vitro Diagnostic Substance Manufacturing: 325413
Recent Events
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Peregrine Pharmaceuticals to Report Second Quarter FY 2010 Financial Results
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Peregrine Pharmaceuticals Appoints Former Genentech Senior Executive Dr. Robert Garnick as Head of Regulatory Affairs
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Peregrine Pharmaceuticals 1:5 Reverse Stock Split Takes Effect
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Peregrine Pharmaceuticals Forms Anti-Viral Research Group to Oversee Its Anti-PS Infectious Disease Collaborations
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Peregrine Pharmaceuticals Adds Noted Oncologist Dr. Bruce Chabner as Clinical Advisor to Support Advancement of...
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Peregrine boosts Q1 2010 revenues, halves losses
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Peregrine announces NIAID funding for viral fever studies
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Peregrine Pharmaceuticals Licenses Anti-VEGF Antibodies to Affitech
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Peregrine Pharmaceuticals, Inc. PPHM Licenses Anti-VEGF Antibodies to Affitech AS
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Peregrine and Affitech sign licensing agreement
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Peregrine Pharmaceuticals Licenses Anti-VEGF Antibodies to Affitech
-
Peregrine Pharmaceuticals Reports Financial Results for Fiscal Year 2009
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Peregrine Pharmaceuticals Reports Financial Results for Fiscal Year 2009
News & Analysis
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finance and peregrine pharmaceuticals inc. - All News and Analysis
Peregrine Pharmaceuticals F2Q09 (Qtr End 10/31//08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Ren Benjamin - Rodman. Ren Benjamin – Rodman A couple of questions; unfortunately I can make it one question, but it will be broken up into multiple parts, so however they want to take it. What...
Speak with other shareholders about: (OTC: KNEC); Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM); Gaia Resources Inc. (OTC: GIAS).
M2 PRESSWIRE-14 February 2007-Stockwire.com: Speak with other shareholders about: (OTC: KNEC); Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM); Gaia Resources Inc. (OTC: GIAS)C1994-2007 M2 COMMUNICATIONS LTD RDATE:14022007 AUSTIN - A very interesting indicator to look for is where the money is flowing...
Soaring with Peregrine Pharmaceuticals Inc. - A Closer Look.
M2 PRESSWIRE-13 December 2006-www.streetinvesting.com: Soaring with Peregrine Pharmaceuticals Inc. - A Closer LookC1994-2006 M2 COMMUNICATIONS LTD RDATE:13122006 Streetinvesting.com is the author of this release. This release is a result of our current concentration on Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) and their...
Issues Report for Peregrine Pharmaceuticals, Inc.
M2 PRESSWIRE-24 May 2006-marketgainer.com: Issues Report for Peregrine Pharmaceuticals, Inc.C1994-2006 M2 COMMUNICATIONS LTD RDATE:24052006 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the...
Neurocrine Biosciences reports third quarter 2005 results and Peregrine Pharmaceuticals evaluating therapeutic opportunities for Tarvacin.
M2 PRESSWIRE-25 October 2005-US Financial Network: Neurocrine Biosciences reports third quarter 2005 results and Peregrine Pharmaceuticals evaluating therapeutic opportunities for TarvacinC1994-2005 M2 COMMUNICATIONS LTD RDATE:25102005 City of Industry, CA - Biotechnology industry news provided by Financial News USA (OTC: FNWU)...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Steven W. King | President and Chief Executive Officer, Director |
| Paul J. Lytle | Chief Financial Officer |
| William Jay Treat | COO |
| Richard A. Richieri | Senior V.P. Bioprocess Development and Manufacturing |
| F David King | V.P., Business Development |
| K.A. Ajit-Simh | Vice President |
| Shelley Fussey | Vice President, Intellectual Property |
| Christopher E Eso | Director, Corporate Development |
| Arnold S Monto | |
| David King | |
| David Sherris | Head, Business Development |
| John L Quick | Consultant |
| Mary J. Boyd | Head of Business Development for Asia and Europe |
| Preston A Marx | |
| Stephen M Smith | |
| Eric S. Swartz | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Carlton M. Johnson | Chairman of The Audit Committee |
| Thomas A. Waltz | Chair of Board |
| David H. Pohl | Board of Directors |
| Philip Thorpe | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Avid Bioservices, Inc. | CEO | Current |
| Peregrine Pharmaceuticals, Inc. | President and Chief Executive Officer, Director | Current |
| Avid Bioservices, Inc. | President | Current |
| Peregrine Pharmaceuticals, Inc. | Board of Directors | Current |
| Peregrine Pharmaceuticals, Inc. | Chief Operating Officer | Former |
| Texas Tech University | MS Degrees In Biology | Former |
| Texas Tech | Masters Degrees | Former |
| Texas Tech | Bachelor's | Former |
| Texas Tech University | BS | Former |
Paul Lytle has served as Chief Financial Officer since August 2002. Mr. Lytle oversees Finance & Accounting, SEC Reporting, Investor Relations, Human Resources and Information Technology. Mr. Lytle started with Peregrine in March 1997 as Corporate Controller and has held positions of increasing responsibility at the company. Mr. Lytle was promoted to Vice President of Finance and Accounting and was elected as the company's Corporate Secretary in 2000. Mr. Lytle has been responsible for the development and implementation of numerous technology initiatives, increasing the company's efficiency in many areas, including finance. Mr. Lytle implemented a new interfaced accounting system and oversaw the installation of company networks and management information systems. During his tenure, Peregrine has raised over $100 million in equity financing from the public markets. Prior to joining Peregrine, Mr. Lytle worked for Deloitte & Touche LLP. Mr. Lytle holds a BS in Business Administration from the California State University at Long Beach and is a certified public accountant in the State of California and a member of the American Institute of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Chief Financial Officer | Current |
| American Institute of Certified Public Accountants | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Peregrine Pharmaceuticals, Inc. | Corporate Controller | Former |
| Deloitte Touche Tohmatsu | Former | |
| California State University | BS In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | COO | Current |
Richard Richieri has over ten years of experience in the biologics industry manufacturing proteins and antibodies. At Peregrine, as director of manufacturing, he was responsible for process development and manufacture of clinical trial materials. At Avid Bioservices, Mr. Richieri is responsible for all manufacturing including process development and facilities. Prior to joining Peregrine, he worked at Xoma Corporation where he was responsible for large-scale manufacturing and mammalian cell culture process development. Mr. Richieri received his Bachelor's degree from University of California, Los Angeles (UCLA) in Chemical Engineering and his M.S. from University of California, San Diego (UCSD) studying the dependency of antibody production on cell cycle kinetics. Mr. Richieri is licensed as an Exemptee Pharmacist by the Board of Pharmacy State of California.
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Senior V.P. Bioprocess Development and Manufacturing | Current |
| Avid Bioservices, Inc. | Senior Vice President of Bioprocess Development and Manufacturing | Current |
| Peregrine Pharmaceuticals, Inc. | Director of Manufacturing | Former |
| XOMA Corporation | Former | |
| University of California, San Diego | M.S. | Former |
| University of California, Los Angeles | Bachelor's Degree | Former |
David King, Vice President of Business Development, has over 20 years of commercial experience in the biopharmaceutical industry, including sales, marketing and extensive business development experience. His expertise in this area has led to the completion of significant corporate partnering deals with industry partners. He has identified, negotiated and closed a wide range of transactions including out-license, in-license, co-promotion and joint development and marketing agreements. Mr. King has an extensive network of contacts at biopharmaceutical companies in North America, Europe and Asia. Mr. King was formerly employed with Medinox, Inc., in San Diego, where he served as Vice President, Corporate Development. Previously, Mr. King held several executive and management level positions at various pharmaceutical companies, including Maxim Pharmaceuticals, DepoTech Corporation (now SkyePharma Ltd.), and Glaxo Inc. (now GlaxoSmithKline). He began his pharmaceutical industry career in sales and marketing for Stuart Pharmaceuticals (now AstraZeneca). Mr. King holds a bachelor's degree in Business Administration from Goshen College in Goshen, IN.
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | V.P., Business Development | Current |
| Medinox, Inc. | Vice President, Corporate Development | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Vice President | Current |
Shelley Fussey joined Peregrine as Vice President, Intellectual Property in February 2005. Dr. Fussey will play a key role in Peregrine's US and international patenting, patent analysis and patent defense. An expert in European opposition procedures, portfolio analysis and counseling in the biotechnology arena, Dr. Fussey's expertise includes patent strategy for technologies...
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Vice President, Intellectual Property | Current |
| University of Newcastle upon Tyne | Ph.D. In Biochemistry | Former |
| University of Newcastle upon Tyne | B.Sc. In Biochemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Director, Corporate Development | Current |
| Peregrine Pharmaceuticals, Inc. | Board of Directors | Current |
| The Corporate Development Company | Manager | Former |
| Watson Pharmaceuticals, Inc. | Former | |
| Concordia University | Master of Business Administration | Former |
| California State University | Bachelor's Degree In Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Current | |
| Medinox, Inc. | Vice President, Corporate Development | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Head, Business Development | Current |
John L. Quick has been associated with Peregrine and Avid since mid-2004 as a consultant on quality and regulatory compliance. He is founder of Quick & Associates a consulting firm devoted to quality, regulatory compliance and new product development consulting. Mr. Quick retired from Baxter International after a 37 year career with the company with responsibility for new product development and quality management . In 1998, Mr. Quick was appointed corporate vice president quality/regulatory compliance responsible for all worldwide quality and regulatory compliance at Baxter, reporting to the Chairman and CEO, a position he held until his retirement. Mr. Quick is immediate past Chairman of the Board of the Lincoln Foundation for Performance Excellence and is Vice Chairman of the Board of Methodist Hospital of Chicago and its parent corporation. Mr. Quick has an undergraduate degree in Chemistry from Indiana University and an MBA from the Northwestern J.L. Kellogg Graduate School of Management. He holds three issued patents and has made numerous industry presentations on the subject of quality and regulatory compliance.
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Consultant | Current |
| Methodist Hospital | Vice Chairman of the Board | Current |
| Baxter International Inc. | Former | |
| Quick and Associates | Former | |
| Performance Excellence | Chairman of The Board | Former |
| The Lincoln Foundation | Chairman of the Board | Former |
| Indiana University | Undergraduate Degree In Chemistry | Former |
Dr. Boyd has more than 20 years of international pharmaceutical and biotechnology business development experience with large pharmaceutical companies including GlaxoSmithKline, Novartis and Roche. Dr. Boyd was previously director, Asia, worldwide business development, R&D for GlaxoSmithKline; head of business development and licensing in Japan for Novartis; and head, licensing and patent group for Roche in Japan. In these positions, she identified new opportunities, negotiated global agreements and maintained productive relationships with other companies. Dr. Boyd holds a Ph.D. in Developmental Genetics from the University of Cambridge, UK and a B.Sc. in Biochemistry from the University of Sussex, UK.
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Head of Business Development for Asia and Europe | Current |
| University of Cambridge | Ph.D. In Developmental Genetics | Former |
| University of Sussex | B.Sc. In Biochemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Current | |
| Seton Hall University | Program Director, Infectious Diseases Fellowship | Former |
| University of California, Davis | Associate Professor | Former |
| Organization | Position | Status |
|---|---|---|
| Roswell Capital Partners, LLC | In-House Legal Counsel | Current |
| Peregrine Pharmaceuticals, Inc. | Chairman of The Audit Committee | Current |
| Cryoport, Inc. | Board of Directors | Current |
| Patriot Scientific Corp | Board of Directors | Current |
| Peregrine Pharmaceuticals, Inc. | Director | Current |
| Alabama Bar | Board of Directors | Current |
| Alabama State Bar | Board of Directors | Current |
| The Florida Bar | Board of Directors | Current |
| Alabama State Bar | Active Member | Current |
| Alabama Bar | Member | Current |
| Escambia/Santa Rosa Bar Association | Vice President | Former |
| Auburn University | Degree In History, Political Science | Former |
Thomas A. Waltz, MD, is senior consultant in neurosurgery and former head of the Division of Neurosurgery of Scripps Clinic in La Jolla, California. Dr. Waltz was chairman and CEO of the Scripps Clinic from 1991 2000, president of the Scripps Clinic Medical Group from 1990 2000, and staff neurosurgeon of the Clinic from 1977 to the present time. Dr. Waltz received his undergraduate degree from the University of Cincinnati and graduated from Vanderbilt University School of Medicine. He was a resident in neurosurgery at Baylor School of Medicine in Houston and held fellowships at the National Hospital of Neurological Diseases in London and in neuropathology at Oxford. Dr. Waltz also served with the United States Air Force as captain and flight surgeon. He is widely published in neurosurgery and lectures both nationally and internationally.
| Organization | Position | Status |
|---|---|---|
| The Doctors Company | Senior Consultant | Current |
| Scripps Clinic | Senior Consultant | Current |
| Genoptix, Inc. | Current | |
| Peregrine Pharmaceuticals, Inc. | Chair of Board | Current |
| Premera Blue Cross | Board of Directors | Current |
| Scripps Clinic | CEO | Former |
| Scripps Clinic | Chairman | Former |
| The Doctors Company | Board of Directors | Former |
| Vanderbilt University | M.D. | Former |
| University of Cincinnati | Undergraduate Degree | Former |
| Vanderbilt University School of Medicine | Former |
Mr. Pohl served as Chairman of the Board, President and CEO of Patriot Scientific Corporation from June 2005 to June 2007, and was a member of its board of directors from April 2001 until February 2008. Mr. Pohl also served as an officer of Patriot from January 2001 to March 2002. He is currently Chairman of the Board of Wellness.com, Inc., a privately held Internet enterprise, and two of its affiliates. Mr. Pohl was in the private practice of law counseling business clients from 1997 to 2005, and from 1995 to 1996 was Special Counsel to the Ohio Attorney General regarding entrepreneurial investments by state employee pension funds. Previously, he was a Senior Attorney with Jones Day Reavis & Pogue, a large U.S. law firm, and held positions as a senior officer and general counsel in large financial services corporations that developed assets of more than $1 billion. Mr. Pohl is a member of the Corporate Directors Forum of San Diego, the Intellectual Property Law and Business Law Sections of the State Bar of California, has served as a member of the Board of Governors of the Corporate Counsel Section of the Ohio State Bar Association, and is an Emeritus member of the Board of Directors of the American Financial Services Association, Washington, D.C. Mr. Pohl earned a Juris Doctor degree from the Ohio State University College of Law, and also holds a B.S. in Administrative Sciences from Ohio State.
| Organization | Position | Status |
|---|---|---|
| Wellness.Com, Inc. | Chairman of The Board | Current |
| Diversified Enterprises Group, LLC. | Chairman | Current |
| Corporate Directors Forum | Board of Directors | Current |
| Peregrine Pharmaceuticals, Inc. | Board of Directors | Current |
| Patriot Scientific Corp | President | Former |
| Patriot Co | Officer | Former |
| Wellness Inc. | Chairman of the Board | Former |
| Patriot Scientific Corp | Chairman | Former |
| Patriot Scientific Corp | Director | Former |
| The Ohio State University College of Law | Juris Doctor Degree | Former |
| The Ohio State University | B.S. In Administrative Sciences | Former |
| The Ohio State University | Degrees In Law and Business | Former |
Eric S. Swartz has served as a director of Peregrine since 1999. Mr. Swartz is the founder and President of Roswell Capital Partners, LLC and previous founder and President of Equiplace Securities, LLC (formerly Swartz Investments, LLC), which he started in 1993. Prior to 1993, Mr. Swartz was a Vice President at Bear Stearns & Co. specializing in foreign institutional equity investments in U.S. securities. Prior to that, Mr. Swartz was a Vice President with Oppenheimer & Co., where he was involved in overseas placements of equity and debt for institutions in Germany, Austria, Switzerland, France, Australia, and New Zealand. Mr. Swartz has approximately 20 years of experience in the securities business.
| Organization | Position | Status |
|---|---|---|
| Roswell Capital Partners, LLC | President | Current |
| Roswell Capital Partners, LLC | Principal Owner | Former |
| Oppenheimer & Co. Inc. | Vice President | Former |
| The Bear Stearns Companies Inc. | Vice President | Former |
| Roswell Capital Partners, LLC | Founder | Current |
| Organization | Position | Status |
|---|---|---|
| Peregrine Pharmaceuticals, Inc. | Board of Directors | Current |
Executive News
-
Peregrine and Affitech sign licensing agreement
-
Peregrine Pharmaceuticals, Inc. (PPHM) Licenses Anti-VEGF Antibodies to Affitech AS
-
Peregrine Pharmaceuticals Licenses Anti-VEGF Antibodies to Affitech
-
Peregrine Pharmaceuticals Licenses Anti-VEGF Antibodies to Affitech
-
Peregrine Pharmaceuticals Licenses Anti-VEGF Antibodies to Affitech
-
Peregrine Pharmaceuticals Reports Financial Results for Fiscal Year 2009
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Peregrine Q4 Loss Narrows; Sees Very Positive FY10 - Update
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Peregrine Pharmaceuticals Reports Financial Results for Fiscal Year 2009
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Peregrine Pharmaceuticals, Inc. (PPHM) Awarded European Patent for Innovative Labeling Technology Featured in New Study in The Journal of Nuclear Medicine
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Peregrine Awarded European Patent for Innovative Labeling Technology Featured in New Study in The Journal of Nuclear Medicine
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Peregrine Awarded European Patent for Innovative Labeling Technology Featured in New Study in The Journal of Nuclear Medicine
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Peregrine Pharmaceuticals, Inc. (PPHM) Awarded Broad New U.S. Patent for Vascular Imaging Applications of Its PS-Targeting Platform
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Peregrine Pharmaceuticals Awarded Broad New U.S. Patent for Vascular Imaging Applications of Its PS-Targeting Platform
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