BNET Industries
Market Cap:$17.1M
Last Fiscal Year Sales:$4.0M
- Public
- US
Dow Jones Description
IGI Laboratories Inc. is the premier global provider of a novel topical patented delivery technology. In addition to having the innovative Novasome delivery technology, our capabilities include: product development, analytical services, commercial manufacturing and the packaging of your topical liquid and semi-solid products. Our expert services will ensure that your product achieves its maximum potential. IGI currently holds 56 U.S. patents, and has more than 100+ products commercialized. In the marketplace, our products continue to demonstrate their value by offering superior results and product differentiation to our customers.
President and CEO
Hemanshu PandyaNumber of Employees 18
Peer Companies
NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414
News & Analysis
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IGI Ongoing Business Update Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from the line of Robert [Delinka] with [Vertex] Group. You may proceed. Robert Delinka - Vertex Group This seems pretty good news. I was just wondering -- is there any kind of indication of what the MIAJ revenues...
IGI to Hold Third Quarter 2006 Conference Call on Wednesday, November 15, 2006
BUENA, N.J. -- IGI, Inc. (AMEX:IG) will hold a conference call at 9:00 a.m. ET on Wednesday, November 15, 2006, to discuss third quarter 2006 financial results and continuing business plans. IGI will file SEC reports prior to the call. The Company invites you to listen to the call...
IGI To Hold Second Quarter 2006 Conference Call on Tuesday, August 15, 2006
BUENA, N.J. -- IGI, Inc. (AMEX:IG) will hold a conference call at 9:30 AM ET on Tuesday, August 15, 2006 to discuss second quarter 2006 financial results and continuing business plans. IGI will file SEC reports prior to the call. The Company invites you to listen to the call...
IGI to Hold First Quarter 2006 Conference Call on Monday, May 15, 2006
BUENA, N.J. -- IGI, INC. (AMEX: IG) will hold a conference call at 9:30 AM ET on Monday, May 15, 2006 to discuss first quarter 2006 financial results and continuing business plans. IGI will file SEC reports prior to the call. The Company invites you to listen to the...
IGI Files 12b-25 Extension for Form 10-KSB
BUENA, N.J. -- IGI, INC. (AMEX:IG) today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission in order to extend the due date of its 2005 Annual Report on Form 10-KSB for fifteen days, as permitted by Rule 12b-25 under the Securities Exchange Act. Management...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Hemanshu Pandya | President and CEO |
| Rajiv Mathur | Chief Executive Officer |
| Nadya Lawrence | Executive Vice, President of, Operations |
| Sanjeev Chauhan | Chief Operating Officer, Igi India |
| Sita Mehta Kapoor | Chief Information Officer |
| Carlene A. Lloyd | Vice President, Finance |
| Mike Relli | Vice President of Business Development |
| Vikas Budhiraja | Vice President |
| Joyce Erony | Managing Director of Signet |
| Jane E. Hager | Founder |
| Karen Scherma | Director of Healthcare Solutions |
| Stephen Hughes | Director of Financial Solutions |
| Phillip S. Forte | Controller |
| Dr Michael F Holick | |
| Hilary Jackson | Practice Leader |
| Justine Kostka | Financial Officer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Stephen J. Morris | Chairman of Pure Energy Corporation, A Developer of Cleaner Burning |
| Michael B. Hemric | Board of Directors |
| Terrence O'Donnell | Board of Directors |
| Terrence O. Donnell | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | President and CEO | Current |
| IGI, Inc. | Board of Directors | Current |
Vice President of Topical Technologies at Cardinal Health, 2001 to present; Senior Vice President of Research & Development and Operations at IGI Inc., 1992-2001; Director of Research & Development Micro Vesicular Systems Inc. 1988-1992.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Chief Executive Officer | Current |
| IGI, Inc. | Director, President and Chief Executive, Officer | Current |
| Cardinal Health, Inc. | Vice President of Topical Technologies | Former |
| IGI, Inc. | Board of Directors | Former |
| Cardinal Health, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Executive Vice, President of, Operations | Current |
| IGI, Inc. | Vice President | Current |
Since joining IGI in July 2005, Sanjeev Chauhan has been responsible for the day-to-day operations of the company, both for the US office as well as the India Offshore Development Center. He is one of the key players in strategizing and re-defining the growth plan for IGI. He is also responsible for streamlining the systems and procedures for IGI. Read More...
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Chief Operating Officer, Igi India | Current |
Sita Kapoor is a well-known industry speaker on transaction implementation providing leadership and guidance to business and technical teams. She has presented her work at Annual WEDI shows. She is also a steering committee member at the NJ Shore, a regional SNIP affiliate for promoting HIPAA standards. Sita is actively involved in HIPAA workgroups for defining transaction standards and has participated in multiple ANSI subcommittees. Read More... In her 20 years of information technology and healthcare experience, she has managed the deployment of systems to support healthcare transaction processing, business intelligence and payer adjudication. She has consulted for numerous multi-national healthcare companies including United Healthcare, Siemens Medical System, Johnson & Johnson healthcare and GE. She has been an advisor for the EDI Coalition of New York and the Mass Health Data Consortium.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Chief Information Officer | Current |
| Njshore | Committee Member | Current |
| Johnson & Johnson | Former |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Vice President, Finance | Current |
| IGI, Inc. | Board of Directors | Current |
Mike Relli has more than 16 years experience in EDI and Information Technology in the healthcare and financial industries. He has over 9 years experience educating organizations about the Who, What's and Why's of HIPAA? He regularly speaks at industry tradeshows and workgroups with respect to HIPAA & EDI implementation topics. Currently he is on the Steering Committee of NJSHORE, which is the New Jersey regional WEDI affiliate as well as being involved in the recently formed Committee on Operating Rules for Information Exchange (CORE), operated by CAQH.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Vice President of Business Development | Current |
Dr. Budhiraja is an accomplished Senior Manager with more than 10 years experience in different facets of SDLC. He has comprehensive knowledge in Business Process analysis & design, Requirement gathering, Process & Procedures documentation, Gap Analysis, Use Case Analysis and UML. He has extensive experience in Healthcare (HIPAA, Billing, Payer & Providers), Designed and developed HIPAA compliant Claims, Eligibility & Authorization modules. He has served as a 'HIPAA' and 'Healthcare Claims' Subject Matter Expert (SME) for the SOARIAN Financials Team and has supported the Siemens' Soarian Financial Rule Services Team. Read More...
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Vice President | Current |
Joyce Erony currently serves on our Board of Directors as the designee of the holders of Series B-1 Preferred Stock. The holders of Series B-1 Preferred Stock have informed us that they intend to re-elect Ms. Erony at the annual meeting to serve as its designee. Because Ms. Erony will be elected by the holders of our Series B-1 Preferred Stock, her election will not be voted on by holders of our common stock and Series A Preferred Stock. All of the four nominees are currently serving as our directors. None of our directors, executive officers or nominees for director is related by family to any other director, executive officer or nominee for director. If any nominee for director is unavailable to serve, we solicit discretionary authority to vote to elect another person unless we reduce the size of the Board of Directors. Each director will serve until the next annual meeting of stockholders, and until his or her successor has been elected and qualified, or until his or her earlier resignation or removal. We have no reason to believe that any nominee will not be available for election as a director for the prescribed term.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Managing Director of Signet | Current |
| IGI, Inc. | Chairwoman of The Board of Directors | Current |
| IGI, Inc. | Board of Directors | Former |
President of Prescott Investment Corp. [1991-pres.] and Pinnacle Mountain Partners, LLC [2002-pres.]; managing member of Gulf Coast Investment Partners, LLC [2003-pres.] and Angelfish Investments, LLC [2004-pres.], all of which are real estate development and/or investment companies. She is a founder and past director of IGI, Inc. [1982-2003] and Novavax, Inc. [NASDAQ][1995-2002] Mrs. Hager is also a founding director and Chair of the Audit Committee of Centrix Bank & Trust, Bedford, NH [OTCBB] [1999-pres.] and a director of ZSGenetics, Stoddard, NH [2006-pres.], a gene expression and sequencing company.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Founder | Current |
| IGI, Inc. | Chairman | Current |
| IGI, Inc. | Board of Directors | Current |
Karen Scherma with her 25 years of experience is an expert at EDI transactions. Her major work includes Workflow/Data analysis and documentation, Business Modeling and Business Process Reengineering, Project Planning, Design and development of internal and user procedures/forms and manuals, X12 Syntax Training, including hands-on mapping exercises, X12 and HIPAA Transaction Set mapping, Documentation proofing, editing and writing. Read More...
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Director of Healthcare Solutions | Current |
Stephen Hughes is a senior IT executive, consultant and solutions architect with over 35 years experience in the Financial Services and Healthcare Insurance sectors.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Director of Financial Solutions | Current |
| IGI, Inc. | Architect | Former |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Current | |
| Boston University | Chief Scientific Officer | Former |
| Boston University | Professor of Medicine | Former |
Hilary Jackson is a practice leader for Infinite Group Inc (IGI, Inc.), an information technology consulting firm headquartered in New York. She currently serves as a program manager in the Human Capital office of the Department of Homeland Security. She has more than 12 years of experience developing, implementing and managing complex IT solutions for executive branch government agencies, including the Federal Deposit Insurance Corporation, Department of Transportation, and Inter-American Development Bank. Prior to consulting, she worked in the education arena and received her MBA from George Washington University.
| Organization | Position | Status |
|---|---|---|
| The Human Capital | Program Manager | Current |
| IGI, Inc. | Practice Leader | Current |
| Urban Ed, Inc | Practice Leader for Infinite Group Inc | Current |
| The George Washington University | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Financial Officer | Current |
Co-founder and General Manager of John Morris & Sons, Inc., a hotel and restaurant enterprise, which Mr. Morris owned and managed from July 1958 to December 1998; Co-founder and Advisor of International Scientific Communications, a scientific publishing company.
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Chairman of Pure Energy Corporation, A Developer of Cleaner Burning | Current |
| IGI, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Board of Directors | Current |
Terrence O'Donnell is executive vice president and general counsel of Textron Inc. O'Donnell oversees Textron's legal, ethics and compliance, and environmental health and safety functions, as well as Textron Innovations, Inc., the enterprise intellectual property management and licensing organization. He is also a member of Textron's Transformation Leadership Team and Management Committee. O'Donnell joined Textron in March 2000. He is a senior partner in the Washington, DC-based law firm of Williams & Connolly where, prior to joining Textron, he was a member of the firm's executive committee and chairman of the hiring committee. Among his other responsibilities at Williams & Connolly, he worked closely with Textron on government contract, regulatory, and other matters prior to joining Textron. From 1989 to 1992 he served as general counsel of the Department of Defense under Secretary Cheney. From 1972 to 1977, he served on the White House staff as deputy special assistant to President Nixon and as special assistant to President Ford. O'Donnell also served as an officer in the U.S. Air Force from June 1966 to May 1972. O'Donnell graduated in 1966 from the Air Force Academy, and received his J.D. in 1971 from Georgetown University Law School. He is admitted to practice before the Supreme Court, the local and federal courts of Washington, DC, the United States Court of Federal Claims and the United States Court of Appeals for the Armed Forces. He is a member of the advisory committee of the United States Court of Federal Claims. O'Donnell serves on the boards of the Gerald R. Ford Foundation, the Air Force Academy Falcon Foundation, IGI, Inc. and ePlus Inc. He also served as assistant counselor to the President of the United States Olympic Committee, Chairman of the Air Force Academy Board of Visitors and member of the United States Administrative Conference. As general counsel of the Department of Defense, O'Donnell was awarded the Department of Defense Medal for Distinguished Public Service for his contributions to the national defense and the Attorney General's Distinguished Service Award for his contributions to law enforcement.
| Organization | Position | Status |
|---|---|---|
| Textron Systems Corporation | Executive Vice President and General Counsel | Current |
| Textron Inc. | Executive Vice President and General Counsel | Current |
| Eplus Technology, Inc. | Partner, Williams & Connolly | Current |
| Eplus for Enterprise | Partner, Williams & Connolly | Current |
| Eplus Makes Leasing | Partner, Williams & Connolly | Current |
| Williams & Connolly | Senior Partner | Current |
| United States Court of Appeals | Current | |
| Eplus for Enterprise | Chairman | Current |
| ePlus Inc. | Board Director | Current |
| Bison Technology | Board of Directors | Current |
| Eplus Makes Leasing | Board of Directors | Current |
| Textron Systems Corporation | Board of Directors | Current |
| Gerald R. Ford Foundation | Board Member | Current |
| Eplus for Enterprise | Board of Directors | Current |
| IGI, Inc. | Board of Directors | Current |
| The American Stock Exchange LLC | Director | Current |
| Textron Inc. | General Counsel | Former |
| U.S. Department of Defense | General Counsel | Former |
| United States Air Force | Officer | Former |
| Williams & Connolly | Hiring Committee Chairman | Former |
| Textron Inc. | Director | Former |
| Georgetown Law School | J.D. | Former |
| Georgetown University Law Center | Juris Doctor | Former |
| United States Air Force Academy | Graduate | Former |
| Air Force Academy | Graduate | Former |
| Williams & Connolly | Executive Committee Member | Former |
| Organization | Position | Status |
|---|---|---|
| IGI, Inc. | Board of Directors | Current |
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