BNET Industries

Market Cap:$126.0M
Last Fiscal Year Sales:$10.0M
  • Public
  • US
Dow Jones Description

Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe. To date, we successfully developed and commercialized a drug (Tyzeka ® /Sebivo ® ) for the treatment of hepatitis B virus, or HBV, that we licensed to Novartis Pharma AG, or Novartis. We also discovered and developed through proof-of-concept clinical testing IDX899, a drug candidate from the class of compounds known as non-nucleoside reverse transcriptase inhibitors, or NNRTIs, for the treatment of human immunodeficiency virus, or HIV. We licensed our NNRTI compounds, including IDX899, to GlaxoSmithKline, or GSK, in February 2009. Our current research and development focus is on the treatment of hepatitis C virus, or HCV. We believe that large market opportunities exist for new treatments for HCV. Chronic hepatitis C is an inflammatory liver disease associated with HCV infection. The World Health Organization has estimated that approximately 170 million people worldwide are chronically infected with HCV, including over 2.7 million people in the United States. As noted above, IDX899 is an NNRTI that we discovered for the treatment of HIV/AIDS. In the third quarter of 2008, we successfully completed a phase I/II proof-of-concept clinical study of IDX899 in treatment-naive HIV-infected patients. ...

Chief Executive Officer
Jean Pierre Sommadossi
Number of Employees 173
Contact Information

60 Hampshire St

Cambridge, Massachusetts 02139

idenix.com

(617) 995-9800

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Idenix down; Novartis won't license drug candidate

    10/30/09 - Financial Announcement - View Story

  • Idenix shares fall following 2Q report, study data

    7/21/09 - Bond / Stock Rating - View Story

  • Idenix's Q2 net loss narrows

    7/22/09 - Financial Announcement - View Story

News & Analysis

idenix pharmaceuticals inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jean Pierre Sommadossi Chief Executive Officer
Douglas L. Mayers Executive Vice President & Chief Medical Officer
Ronald C. Renaud CFO & Treasurer
David Standring Executive Vice President, Biology
John F. Weidenbruch General Counsel & Executive Vice President
James D. Egan Senior Vice President, Business & Corp Development
Paul Fanning Senior Vice President, HR
George Chao Vice President, Biostatistics & Data Mgmt
R. Christian Moreton Vice President, Pharmaceutical Sciences
Pamela Thomas-Graham Managing Director
Vadim Bichko Idenix's Director, Research
Denise Pollard
Pierre Sommadossi
Alexandra Goll lead investor

Board of Directors

Name (plus bio) Position
Jean-Pierre Sommadossi President and Chief Executive Officer and Chairman of The Board of Directors
Charles Cramb Chair
Charlene Barshefsky Board of Directors
Denise Pollard-Knight Board of Directors
Emmanuel Puginier Board of Directors
Robert Pelzer Board of Directors
Steven Projan Board of Directors
Thomas R. Hodgson Board of Directors
Wayne T. Hockmeyer Board of Directors

Jean-Pierre Sommadossi, Ph.D., is the principal founder of Idenix and has served as the chairman of our board of directors since our inception in 1998 and as our president and chief executive officer since November 2000. During the period from November 1999 to November 2000, Dr. Sommadossi served as our executive president and chief scientific officer. Dr. Sommadossi served as a professor of pharmacology, toxicology and clinical pharmacology and associate director of both the Center for AIDS Research and the Liver Center, University of Alabama at Birmingham School of Medicine from June 1992 to November 2000. From 1996 to 1999, Dr. Sommadossi served on the Research Agenda Committee of the AIDS Clinical Trial Group. Dr. Sommadossi holds a Pharm.D. and Ph.D. in Pharmacology from the University of Marseilles in France.

Organization Position Status
Idenix Pharmaceuticals Inc. Chief Executive Officer Current
French American Chamber of Commerce, New England Board of Directors Current

Jean-Pierre Sommadossi, Ph.D., is the principal founder of Idenix and has served as the chairman of our board of directors since our inception in 1998 and as our president and chief executive officer since November 2000. During the period from November 1999 to November 2000, Dr. Sommadossi served as our executive president and chief scientific officer. Dr. Sommadossi served as a professor of pharmacology, toxicology and clinical pharmacology and associate director of both the Center for AIDS Research and the Liver Center, University of Alabama at Birmingham School of Medicine from June 1992 to November 2000. From 1996 to 1999, Dr. Sommadossi served on the Research Agenda Committee of the AIDS Clinical Trial Group. Dr. Sommadossi holds a Pharm.D. and Ph.D. in Pharmacology from the University of Marseilles in France.

Organization Position Status
Idenix Pharmaceuticals Inc. President and Chief Executive Officer and Chairman of The Board of Directors Current
Idenix Pharmaceuticals Inc. Founder, Chairman & CEO Former

Organization Position Status
Freehepatitisinfo Executive Vice President and Chief Medical Officer Current
Idenix Pharmaceuticals Inc. Executive Vice President & Chief Medical Officer Current
Hepatitis B Executive Vice President and Chief Medical Officer Current
Boehringer Ingelheim Corporation Vice President, Therapeutic Area Former
Boehringer Ingelheim Corporation International Head Former
Henry Ford Hospital Head of Infectious Diseases Former
University of Pennsylvania M.D. Former

Organization Position Status
Freehepatitisinfo Chief Financial Officer and Treasurer Current
Hepatitis B Chief Financial Officer and Treasurer Current
Idenix Pharmaceuticals Inc. CFO & Treasurer Current
Keryx Biopharmaceuticals, Inc. Chief Financial Officer Former
Keryx Biopharmaceuticals, Inc. Senior Vice President Former
Keryx Biopharmaceuticals, Inc. Treasurer Former
University of Southern California M.B.A. Former
Saint Anselm College B.A. Former

Organization Position Status
Idenix Pharmaceuticals Inc. Executive Vice President, Biology Current
Freehepatitisinfo Executive Vice President, Biology Current
Hepatitis B Senior Vice President, Biology Current
Idenix Pharmaceuticals Inc. Senior Vice President, Biology Current
Idenix Pharmaceuticals Inc. Executive Director of Research and Development Former
University of California Assistant Professor Former
Schering-Plough Research Institute Former
Harvard University Ph.D. In Bioorganic Chemistry Former
St John's College PH.D. In Bioorganic Former
St John's College Master's Degree In Chemistry Former
St John's College Bachelor's Former

John Weidenbruch has served as the executive vice president and general counsel at Idenix since September 2006. Prior to joining Idenix, Weidenbruch served as general counsel at Abraxis BioScience Inc., where he was responsible for all legal aspects of the company, including regulatory, corporate and commercialization activities. Prior to joining Abraxis, Weidenbruch worked at Amgen Inc. for more than ten years where he held positions of increasing responsibility including senior director of law operations and senior associate general counsel of global commercial operations, leading a team of attorneys that, along with day-to-day guidance for commercial activities, supported the launch of new products. Weidenbruch also served as the assistant general counsel and director of state government relations for the Nonprescription Drug Manufacturers Association where he directed the association’s legislative representation before all fifty state legislatures, boards of pharmacy and regulatory bodies Weidenbruch holds a B.A. from Loyola College in Baltimore, Maryland and a J.D. from Georgetown University Law Center in Washington, D.C.

Organization Position Status
Idenix Pharmaceuticals Inc. General Counsel & Executive Vice President Current
Hepatitis B Executive Vice President and General Counsel Current
Idenix Pharmaceuticals Inc. General Counsel Former
Abraxis Former
Georgetown University Law Center J.D. Former
Loyola College in Maryland B.A. Former

Organization Position Status
Idenix Pharmaceuticals Inc. Senior Vice President, Business & Corp Development Current

Paul Fanning has served as vice president, human resources since March 2004. Prior to joining Idenix, Mr. Fanning was employed by The Foxboro Company and its affiliates from 1984 to 2004, most recently as vice president, human resources at Invensys Process Systems from 2000 to 2004 and from 1998 to 2000 as vice president, human resources, Invensys Process Automation. Mr. Fanning holds an M.B.A. from Babson College and a B.S. from the University of Massachusetts.

Organization Position Status
Idenix Pharmaceuticals Inc. Senior Vice President, HR Current
Freehepatitisinfo Senior Vice President, Human Resources Current
Hepatitis B Vice President, Human Resources Current
Foxboro Vice President, Human Resources Former
Invensys Process Systems Vice President, Human Resources Former
Idenix Pharmaceuticals Inc. Vice President, HR Former
Babson College M.B.A. Former
University of Massachusetts Amherst B.S. Former

Organization Position Status
Idenix Pharmaceuticals Inc. Vice President, Biostatistics & Data Mgmt Current

Organization Position Status
Idenix Pharmaceuticals Inc. Vice President, Pharmaceutical Sciences Current

Organization Position Status
Angelo, Gordon & Co., L.P. Managing Director Current
Idenix Pharmaceuticals Inc. Managing Director Current
Idenix Pharmaceuticals Inc. Director Current
CNBC Chief Executive Officer Former
CNBC president Former
CNBC Chief Operating Officer Former
McKinsey & Company, Inc. Associate Former
CNBC Chairman Former
Harvard Law Review Board of Directors Former
Harvard Law School J.D. Former
Harvard University J.D. Former
Harvard University M.B.A. Former
Harvard University B.A. In Economics Former

Organization Position Status
Idenix Pharmaceuticals Inc. Idenix's Director, Research Current

Organization Position Status
ViaCell, Inc. Current
Idenix Pharmaceuticals Inc. Current
University of California, Berkeley Fulbright Scholar Former
Nomura International head of Healthcare Private Equity Former
University of Birmingham Ph.D. Former
University of Birmingham Ph.D. and BSc (Hons) Former

Organization Position Status
Idenix Pharmaceuticals Inc. Current

harles Cramb, Vice Chairman, Chief Finance and Strategy Officer, is responsible for strategic leadership of Avon’s business transformation and restructuring initiatives and also oversees Finance, Strategic Planning and Investor Relations. Mr. Cramb, joined Avon in November 2005 from Gillette Co. where he acquired 35 years of experience in finance and technology. He was most recently Senior Vice President, Finance and Chief Financial Officer. Prior to that role, he was Vice President and Corporate Controller, and from 1988 to 1995, was Vice President, Finance and Strategic Planning, North Atlantic Group. In addition to his roles in finance, Mr. Cramb headed Gillette’s information technology function and chaired the company’s IT Advisory Council. He also held key leadership positions in business transformation, strategic and financial planning and marketing, and worked extensively in senior line management in the company’s international operations. Mr. Cramb is a member of the Board of Directors of Idenix Pharmaceuticals, where he is on the Compensation Committee and is Chairman of the Audit Committee. He is also on the Board of Directors of Tenneco Automotive, where he is Chairman of the Audit Committee. Mr. Cramb holds a B.A. from Dartmouth College and an M.B.A from the University of Chicago.

Organization Position Status
Avon Products, Inc. CFO & Executive Vice President, Finance & Technology Current
Idenix Pharmaceuticals Inc. Chair Current
Tenneco Automotive, Inc. Chairman Current
Idenix Pharmaceuticals Inc. Board of Directors Current
Tenneco Automotive, Inc. Board of Directors Current
Avon Products, Inc. Vice Chairman Former
University of Chicago M.B.A. Former
Dartmouth College B.A. Former

Organization Position Status
Idenix Pharmaceuticals Inc. Board of Directors Current

Denise Pollard-Knight, Ph.D. has served as a director since May 2003. From January 1999 to March 2004, Dr. Pollard-Knight served as head of Healthcare Private Equity at Nomura International plc, a leading Japanese financial institution. Since April 2004, Dr. Pollard-Knight has served as head of Nomura Phase4 Ventures, an affiliate of Nomura International plc. Prior to joining Nomura, Dr. Pollard-Knight was a member of Rothschild Asset Management Ltd., an investment management firm, from January 1997 to January 1999. Dr. Pollard-Knight held several research and development management positions at Amersham-Pharmacia and Fisons plc. In December 2005, Dr. Pollard-Knight became a member of the Board of Trustees of the British Heart Foundation. Dr. Pollard-Knight holds a Ph.D. and BSc (Hons) from the University of Birmingham in England. Dr. Pollard-Knight completed postdoctorate work as a Fulbright Scholar at the University of California, Berkeley.

Organization Position Status
Idenix Pharmaceuticals Inc. Board of Directors Current
Cerimon Pharmaceuticals, Inc. Board of Directors Current
Nomura International PLC Head of Healthcare Private Equity Former
ViaCell, Inc. Board of Directors Former
University of Birmingham PH.D. Former
University of Birmingham Bsc (Hons) Former

Organization Position Status
Idenix Pharmaceuticals Inc. Board of Directors Current

Robert Pelzer has served as a director since May 2003. Mr. Pelzer is President and Chief Executive Officer of Novartis Corporation. In this position, which he assumed in September 2008, he is responsible for the Novartis Group Companies in North America and the Novartis US Foundation. Previously, Mr. Pelzer was Global General Counsel and Head of Legal Services of Novartis Pharma AG, based in Basel, Switzerland. He also served as a member of the Novartis Pharma Executive Committee. Prior to joining Novartis in 2002, Mr. Pelzer was Senior Vice President and General Counsel at DuPont Pharmaceuticals based in Wilmington, Delaware. Mr. Pelzer also held a variety of positions within the DuPont organization, including Director and General Manager for the European oil and gas business and Vice President and General Counsel of Conoco Canada Limited in Calgary, Canada. He began his legal career at the law firm of MacKimmie Matthews in Calgary. A graduate of the University of Alberta in Alberta, Canada, Mr. Pelzer earned degrees in Commerce and in Law.

Organization Position Status
Idenix Pharmaceuticals Inc. Board of Directors Current
University of Alberta Former

Steven Projan, Ph.D., has served as a director since February 2009. Dr. Projan has served as Vice President, Global Head of Infectious Diseases for Novartis Institute for Biomedical Research since September 2008. Prior to joining Novartis, from 1993 to August 2008, Dr. Projan held several positions at Wyeth Pharmaceuticals, including his most recent position as Vice President of Biological Technologies. Dr. Projan holds a Ph.D. in molecular genetics from Columbia University.

Organization Position Status
Idenix Pharmaceuticals Inc. Board of Directors Current
Columbia University PH.D. In Molecular Genetics Former

Array

Organization Position Status
Uv Partners Board of Directors Current
The Travelers Companies, Inc. Board of Directors Current
Idenix Pharmaceuticals Inc. Board of Directors Current
Abbott International LLC President Former
Abbott Laboratories president Former
Abbott Laboratories Chief Operating Officer Former
Harvard University Masters in Business Administration Former
Harvard Business School M.B.A. Former
University of Michigan M.S. Former
Purdue University B.S. Former

Organization Position Status
MedImmune Ventures, Inc. President Current
TolerRx, Inc. Director Current
Scheer Partners, Inc. Current
GenVec, Inc. Chairman Current
MedImmune Ventures, Inc. Chairman of the Board of Directors Current
Workforce Investment Company Inc Board of Directors Current
Vanda Pharmaceuticals Inc. Director Current
Baxter International Inc. Board of Directors Current
Tercica, Inc. Board of Directors Current
Advancis Pharmaceutical Corporation Director Current
Idenix Pharmaceuticals Inc. Board of Directors Current
Sequoia Pharmaceuticals Inc Board of Directors Current
The Maryland Economic Development Commission Member Current
MedImmune Ventures, Inc. Chief Executive Officer Former
MedImmune, Inc. Chief Executive Officer Former
MedImmune, Inc. president Former
MedImmune Ventures, Inc. Founder Former
MedImmune, Inc. Founder Former
MedImmune, Inc. Chairman of the Board of Directors Former
Purdue University Doctor of Science Honoris Causa Former
University of Florida Ph.D. Former
Purdue University Bachelor's Degree Former
Advancis Pharmaceutical Corporation member Former
GenVec, Inc. member Former
Diversa Corporation member Former
TolerRx, Inc. member Former

Organization Position Status
Tvm Techno Venture Management General Partner Current
Techno Venture Management Partner Current
Wilex AG Board of Directors Current
Addex Pharmaceuticals Ltd Board of Directors Current
Biovertis AG Board of Directors Current
GPC Biotech AG Board Member Current
Albireo Pharma Board of Directors Current
Newron Director Current
Arrow Therapeutics Ltd Board of Directors Current
Medigene AG Board Member Current
Pharmasset, Inc. Board of Directors Current
Cerenis Therapeutics Sa Board of Directors Current
Idenix Pharmaceuticals Inc. lead investor Current
Roche Global Business Leader Former
Actelion Ltd Former
Free University of Berlin Degree In Pharmacy Former
Phillips University Degree In Natural Sciences Former
Idenix Pharmaceuticals Inc. Member Former

Executive News

  • Idenix Pharmaceuticals Successfully Completes Proof-of-Concept Study of IDX184 for...

    Reuters - 7/20/09 - View Story

  • Idenix Pharmaceuticals Successfully Completes Proof-of-Concept Study of IDX184 for the Treatment of Hepatitis C Virus (HCV)

    PR Newswire - 7/20/09 - View Story

  • Idenix Pharmaceuticals Reports Second Quarter and Six Month 2009 Financial Results

    Globe Investor - 7/20/09 - View Story

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     IDIX $1.94 +0.04 (2.11% )
Average Volume 181,491
Shares Outstanding 66.34M
Market Cap 128.7M
Year High 6.82
Year Low 1.81
Earnings Per Share -0.93
P/E Ratio -2.09
Dividend N/A
Yield N/A
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