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 Pandya
Number of Employees 18
Contact Information

105 Lincoln Ave

Buena, New Jersey 08310

askigi.com

(856) 697-1441

NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414

News & Analysis

igi inc. - All News and Analysis

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

Executive News

  • Get your vitamins, baby

    Philadelphia Inquirer - 7/15/09 - View Story

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     IG $0.99 0.00 (0.00% )
Average Volume 6,107
Shares Outstanding 17.29M
Market Cap 17.1M
Year High 1.6
Year Low 0.17
Earnings Per Share -0.45
P/E Ratio -2.20
Dividend N/A
Yield N/A
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