BNET Industries

Market Cap:$38.8M
Last Fiscal Year Sales:$13.7M
  • Public
  • US
Dow Jones Description

InSite Vision Incorporated (we, our, InSite, or the Company) is an ophthalmic product development company committed to advancing ophthalmic products to address unmet eye care needs. Our current portfolio of ophthalmic pharmaceutical products is based on our proprietary DuraSite ® drug delivery technology. Our DuraSite sustained drug delivery technology is a proven, patented synthetic polymer-based formulation designed to extend the residence time of a drug relative to conventional topical therapies. It enables topical delivery of a solution, gel or suspension and can be customized for delivering a wide variety of potential drug candidates. We are currently focusing our research, development and commercial support efforts on the following topical anti-infective products that formulate the antibiotic azithromycin with our DuraSite drug delivery technology.

Number of Employees 34
Contact Information

965 Atlantic Ave

Alameda, California 94501

insitevision.co...

(510) 865-8800

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • InSite Vision to Report Financial Results for the Third Quarter

    11/03/09 - Financial Announcement - View Story

News & Analysis

insite vision inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Louis Drapeau CEO
Kamran Hosseini Vice President, Clinical Affairs and Chief Medical Officer
Lyle M. Bowman Chief Operating Officer
Roger Vogel Co-Founder and Chief Medical Officer, Sirion Therapeutics, Inc.
Connell Sandra Vice President, Finance & Administration
David Heniges Vice President and General Manager, Commercial Opportunities
Joseph Robinson Vice President, Research and Development
Ronald H Carlson Vice President Regulatory Affairs & Qualit
Sandi Heine Vice President, Finance & Admin
Surendra Patel Vice President, Operations
Evan S Melrose Managing Director, Ptv Sciences
David G Hwang Professor of Clinical Ophthalmology, Co-Director, Cornea
Erwin Si Senior Director, Preclinical Research
Joyce Strand Senior Director
D. Bruce Burlington Consultant, Regulatory
Henrick K Kulmala Consultant, Pharmaceutical Development
Kerry D. Solomon Professor of Ophthalmology at the Medical University of South Carolina (Musc)
Mark Abelson Associate Clinical Professor of Ophthalmology, Department of Ophthalmology, Harvard Medical School
Michael Marmor Professor, Department of Ophthalmology, Stanford University School of Medicine
Ping H Hsu Consultant, Biostatistics
Anders P. Wiklund Director
Jon S. Saxe Director

Board of Directors

Name (plus bio) Position
Edward J Holland Board of Directors
Eric Donnenfeld Board of Directors
Francis W Chen Board of Directors
John L. Mattana Board of Directors
Mitchell H. Friedlaender Board of Directors
Rick Anderson Board of Directors
Robert O'Holla Board of Directors
Timothy McInerney Board of Directors
Timothy P. Lynch Board of Directors
Tony Yost Board of Directors

Louis Drapeau joined InSite Vision in October 2007. Prior to InSite Vision, he served as Chief Financial Officer, Senior Vice President, Finance, at Nektar Therapeutics, a biopharmaceutical company headquartered in San Carlos, California. Prior to Nektar, he served as Acting Chief Executive Officer from August 2004 to May 2005 and as Senior Vice President and Chief Financial Officer from August 2002 to August 2005 for BioMarin Pharmaceutical Inc. Previously, Drapeau spent 30 years at Arthur Andersen including 19 years as an Audit Partner in Arthur Andersen?s Northern California Audit and Business Consulting practice which included 12 years as Managing Partner. Drapeau received both his undergraduate degree in mechanical engineering and a Masters in Business Administration from Stanford University. He serves as a Director of Bio-Rad Laboratories, InterMune, Inc., BioNovo Inc. and Inflazyme Pharmaceuticals Ltd.

Organization Position Status
InSite Vision Incorporated Chief Executive Officer, Vice President and Chief Financial Officer Current
Nektar Therapeutics Chief Financial Officer Former
Nektar Therapeutics Senior Vice President, Finance Former
Haynes Capital Corp Current
Bionovo, Inc. Chairperson Current
InterMune, Inc. Chairman Current
Bio-Rad Laboratories, Inc. Board of Directors Current
BioMarin Pharmaceutical Inc. Board of Directors Current
Inflazyme Pharmaceuticals Ltd Board of Directors Current
InterMune, Inc. Board of Directors Current
BioMarin Pharmaceutical Inc. Acting CEO Former
InSite Vision Incorporated Chief Financial Officer Former
BioMarin Pharmaceutical Inc. Chief Financial Officer Former
BioMarin Pharmaceutical Inc. Senior Vice President, Finance Former
Bionovo, Inc. Board of Directors Former
Stanford University Masters In Business Administration Former
Stanford University Undergraduate Degree In Mechanical Engineering Former

Dr. Hosseini joined InSite Vision in February 2008 as Vice President, Clinical Affairs and Chief Medical Officer. Prior to InSite, he most recently served as an ophthalmic expert at JGB BioPharma consulting for R&D, preclinical, clinical, and business development projects. Before joining JGB, he participated in multiple drug delivery programs and was a resident expert in the ocular drug delivery program at Alza Corporation, a member of the Johnson and Johnson Family of Companies, where he provided ophthalmology and visual science expertise for new technology assessment activities aimed at enhancing the drug/device unit pipeline. Prior to joining Alza, Dr. Hosseini spent more than six years in academic research. He is the author or co-author of more than 25 scientific papers and oral presentations and posters, and was a member of teams that applied for eight ocular and trans-dermal drug delivery patents. Dr. Hosseini received his M.D. from the University of Groningen Faculty of Medicine, The Netherlands; and his Ph.D. as part of a joint program at the University of Texas, Medical Branch in Galveston and the University of Maastricht, The Netherlands. He was a post doctoral fellow in retinal degenerative diseases at the University of California, San Francisco.

Organization Position Status
InSite Vision Incorporated Vice President, Clinical Affairs and Chief Medical Officer Current

Lyle M. Bowman joined us in October 1988 as Director of Drug Delivery Systems. From 1989 to 1991, Dr. Bowman served as Vice President, Science and Technology. From 1991 to 1995, he served as Vice President, Development, and since 1995 has served as Vice President Development and Operations. Dr. Bowman holds a Ph.D. in Physical Chemistry from the University of Utah.

Organization Position Status
InSite Vision Incorporated Chief Operating Officer Current
InSite Vision Incorporated Vice President, Development and Operations Current
Ptv Sciences Current
Ask About Patents Current
InSite Vision Incorporated Secretary Current
InSite Vision Incorporated Director of Drug Delivery Systems Former
University of Utah Ph.D. In Physical Chemistry Former

Organization Position Status
InSite Vision Incorporated Co-Founder and Chief Medical Officer, Sirion Therapeutics, Inc. Current
ISTA Pharmaceuticals, Inc. Current
Merck & Co. Inc. Former

Organization Position Status
InSite Vision Incorporated Vice President, Finance & Administration Current

Organization Position Status
Commercial Opportunities Vice President Current
InSite Vision Incorporated Vice President and General Manager, Commercial Opportunities Current
Commercial Opportunities General Manager Current
Ptv Sciences Current
Ask About Patents Current
Iolab Corporation Vice President, Worldwide Business Development Former
Johnson & Johnson Former
Oregon State University B.S. In Sociology Former

Organization Position Status
InSite Vision Incorporated Vice President, Research and Development Current
InSite Vision Incorporated Founder Current
Bridge to Life Preservation Solutions Ltd. Board of Directors Current

Ronald Carlson joined us in April 2006 as Vice President, Regulatory and Quality. From 1999 to 2006, Dr. Carlson worked at XOMA LLC, a biotechnology company focused on the development of therapeutic antibodies, where he held positions of Vice President of Quality and Senior Director of Regulatory Affairs. Dr. Carlson was also Vice President of Development at Berkeley HeartLab Inc. and has held managerial positions at Bayer, Isis, Berlex, and Genentech. Dr. Carlson holds a Bachelor of Science in both Chemistry and Mathematics and a Ph.D. in Chemistry from Southern Illinois University.

Organization Position Status
InSite Vision Incorporated Vice President Regulatory Affairs & Qualit Current
XOMA Corporation Vice President, Quality Current
Berkeley Heartlab, Inc. Vice President of Development Former
Southern Illinois University Ph.D. In Chemistry Former
Southern Illinois University Bachelor of Science Former

Organization Position Status
InSite Vision Incorporated Vice President, Finance & Admin Current
Colorado State University B.S. in Business Administration Former

Surendra Patel has more than 30 years of development and operational experience in various management positions at pharmaceutical and biotechnology companies, including Syntex, Roche Bioscience, Oread Inc., DrugAbuse Sciences, and most recently, at Nektar Therapeutics where he served as Senior Director, Manufacturing Operations since 2002. While at Nektar he managed clinical and commercial manufacturing operations, plant maintenance, and calibration and warehouse operations that included the direction of more than 100 in-house personnel, and played a strategic role in the selection of domestic and international contract manufacturing sites. Experience at other companies includes the development of commercial and clinical manufacturing processes and sites; management of clinical trial material supply chains for development programs; selection and technical support for contract drug development and manufacturing; management of quality assurance compliance and quality assurance operations; manufacturing and packaging technology transfer between manufacturing plants; validation; and formulation and process development. Mr. Patel has a Bachelor of Science degree in pharmaceutical formulation from De Montford University, Leicester, United Kingdom.

Organization Position Status
InSite Vision Incorporated Vice President, Operations Current
Nektar Former

Organization Position Status
InSite Vision Incorporated Managing Director, Ptv Sciences Current
Ptv Sciences Managing Director Former
Retcam Board of Directors Current
Ptv Sciences Founder Former
University of Pennsylvania School of Medicine Clinical Instructor Former
University of California, San Francisco Assistant Professor Former
Baylor College of Medicine Assistant Professor Former
Glycomimetics, Inc. Former
Burrill & Company Director Former
Indiana University School of Medicine M.D. Former
Indiana University M.D. Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former

Organization Position Status
InSite Vision Incorporated Professor of Clinical Ophthalmology, Co-Director, Cornea Current
InSite Vision Incorporated Professor of Clinical Ophthalmology Current

Organization Position Status
InSite Vision Incorporated Senior Director, Preclinical Research Current
InSite Vision Incorporated Manager of Pharmacology and Toxicology Former

Organization Position Status
InSite Vision Incorporated Senior Director Current
InSite Vision Incorporated Board of Directors Current

Organization Position Status
InSite Vision Incorporated Consultant, Regulatory Current

Organization Position Status
InSite Vision Incorporated Consultant, Pharmaceutical Development Current

Organization Position Status
Medical University of South Carolina Professor Current
InSite Vision Incorporated Professor of Ophthalmology at the Medical University of South Carolina (Musc) Current
Veteranseyecare Current
InSite Vision Incorporated Board of Directors Current
Johns Hopkins Hospital Former
Medical University of South Carolina Director Former
University of Vermont Doctorate In Medicine Former
University of Vermont Bachelor Degree Former
Medical University of South Carolina Md, Is Professor of Ophthalmology Former
University of Vermont College of Medicine Former
Ascrs Member Former

Organization Position Status
InSite Vision Incorporated Associate Clinical Professor of Ophthalmology, Department of Ophthalmology, Harvard Medical School Current

Organization Position Status
InSite Vision Incorporated Professor, Department of Ophthalmology, Stanford University School of Medicine Current

Organization Position Status
InSite Vision Incorporated Consultant, Biostatistics Current

Anders Wiklund, President and Director. Mr. Wiklund spent 29 years with the Pharmacia group of companies in various executive positions. He served as Managing Director of KabiVitrum Ltd.in the UK from 1973-76 and from 1976-1984 he was President of KabiVitrum International based in Sweden. From 1984-1993 he served as President and CEO of KabiVitrum Inc. and KabiPharmacia Inc. in the US. From 1993-96 he served as President for Pharmacia Development Corp. Executive Vice President of Pharmacia US Inc. and as Vice President of Pharmacia Upjohn. He founded Wiklund International Inc. in 1977, an advisory firm to the Biotechnology Industry. As an advisor Mr. Wiklund has worked with companies in the US, Canada, Japan and Scandinavia. He was also a cofounder of Esperion Inc. Presently Mr. Wiklund serves on the Boards of InSiteVision Inc., QuatRx Inc., Acureon Inc. and Gyros AB. Mr. Wiklund has a Master of Pharmacy degree from Stockholm, Sweden, where he also studied business.

Organization Position Status
Effrx President and Director, Senior Advisor Current
Ptv Sciences Director of the Company Current
Gyros US, Inc. Principal In Wiklund International Inc Current
Sangart, Inc. Board Member Current
Gyros US, Inc. Board of Directors Current
Effrx Board Member Current
Quatrx Pharmaceuticals Co Board of Directors Current
InSite Vision Incorporated Director Current
Bioreason, Inc. Director Current
S.Com, Inc. President Former
Pharmacia Corporation Executive Vice President Former
Pharmacia & Upjohn Vice President, Corporate Business Development Former
Esperion Therapeutics, Inc. Co-Founder Former
S.Com, Inc. Director of Pharmacia Development Corp Former
Esperion Therapeutics, Inc. Director Former
Pharmaceutical Institute, Inc Master of Pharmacy Former
University of Stockholm studied business administration Former

Organization Position Status
Cincinnati Eye Institute Laser Center Current
Surgery (Ascrs) Chair, Ascrs Cornea Clinical Committee Current
American Academy of Ophthalmology, Inc. Board of Directors Current
InSite Vision Incorporated Board of Directors Current
The Cornea Society President Former
Minnesota Academy of Ophthalmology President Former
Cincinnati Eye Institute Professor Former

Dr. Donnenfeld is the Co-Director of the Cornea Department at North Shore University Hospital, Manhasset, NY, and Co-Director of the External Disease/Cornea Department at Manhattan Eye, Ear and Throat Hospital, NY. He is the Surgical Director of the Lions Eye Bank for Long Island at the North Shore University Hospital and is an Assistant Clinical Professor of Ophthalmology at New York University Medical College. Dr. Donnenfeld has been performing laser vision correction surgery for almost 13 years, over twice as long as any other surgeon on Long Island.

Organization Position Status
Manhattan Eye Co-Director of the External Disease Current
Lions Eye Bank for Long Island Surgical Director Current
New York University Medical Center Associate Professor Current
The Seewithlasik Current
Cornea Research Fund Current
Ophthalmic Consultants of Long Island Current
Lasik South Carolina Office Current
Laser Vision Centers, Inc. Current
Truevision Systems, Inc. Board of Directors Current
Editorial, LLC Board of Directors Current
Dartmouth Medical School Board of Directors Current
InSite Vision Incorporated Board of Directors Current
Dartmouth Medical School Trustee Current
American Academy of Ophthalmology, Inc. Fellow Current
Wills Eye Hospital Former
American College of Surgeons Board of Directors Former
Dartmouth College Bachelor's degree Former
Dartmouth Medical School Degree Former

Organization Position Status
Velocity Services, Inc. President Current
Greenpeace CIO Current
Pacific Advantage International - Locations Co-Founder and Chairman Current
Antara Systems Ltd Co-Founder Current
Wi Harper Venture Partner and Co-Founder and Chairman of Pacific Advantage International Current
Wasabi Ventures Current
Complianceease Board of Directors Current
InSite Vision Incorporated Board of Directors Current
Antara Systems Ltd Board Member Current
San Francisco Opera Association Active Board Member Current
The Burnham Institute Active Board Member Current
The Macula Foundation, Inc Active Board Member Current
Firefly Mobile, Inc. advisor Former
IT LLC Entrepreneur Former
Becton, Dickinson & Company senior management Former
Velocity Services, Inc. board member Former
IT LLC Investor Former
Harvard University Ph.D. In Immunology Former
Tufts University M.S. Former
Tufts University B.S. In Chemistry Former
Harvard University Degree Former

Organization Position Status
Ask About Patents Current
Ptv Sciences Current
InSite Vision Incorporated Board of Directors Current
Ceptor Corp Vice President Former
New York Life Insurance Company Director Former
New York University M.B.A. Former

Organization Position Status
Needham Capital Partners Limited Partner Current
Ptv Sciences Director of the Company Current
Hoffmann-La Roche Inc. Head of Patent Law Current
Ask About Patents Current
ESP Pharma, Inc. Current
Vistagen, Inc. Chairman Current
Entelos, Inc. Chairman of the Board Current
SciClone Pharmaceuticals, Inc. Chairman Current
Sciele Pharma, Inc. Audit Committee Chairman Current
InSite Vision Incorporated Director Current
Id Biomedical Corp Director Current
Incyte Genomics, Inc. Director Current
Questcor Pharmaceuticals, Inc. Director Current
DURECT Corporation Board of Directors Current
PDL BioPharma, Inc. Board of Directors Current
M Stage Pharmacueticals, Inc Board of Directors Current
Astex Therapeutics Limited Board of Directors Current
Barofold, Inc Board of Directors Current
Synergen, Inc. Chief Executive Officer Former
Synergen, Inc. President Former
PDL BioPharma, Inc. President Former
Roche Vice President, Licensing & Corporate Development Former
Hoffmann-La Roche Inc. Vice President of Licensing & Corporate Development Former
Iconix Pharmaceuticals, Inc. Limited Partner Former
Point Biomedical Corporation Limited Partner Former
Institutional Venture Partners Executive-In-Residence Former
PDL BioPharma, Inc. Director Former
Iconix Pharmaceuticals, Inc. Director Former
Incyte Corporation Director Former
Synergen, Inc. Director Former
The George Washington University J.D. Former
New York University School of Law Ll.M. Former
New York University L.L.M. Former
Carnegie Mellon University Bsche Former

Organization Position Status
Artistry of Lasik Current
Ajiri Group Current
InSite Vision Incorporated Board of Directors Current
The Laser Vision Center Director Current
Scripps Clinic Director, LaserVision Center Former
University of California, San Francisco Faculty Member Former
University of Michigan M.D. Former
University of Phoenix M.B.A. Former

Mr. Anderson was formerly Company Group Chairman, Johnson & Johnson, and Worldwide Franchise Chairman, Cordis Corporation. Mr. Anderson also served as Worldwide President, Cordis Cardiology and Vice President, Immunology Franchise, at Centocor, Inc., which merged with Johnson & Johnson in 1999. Mr. Anderson was a key architect behind the launch of the world's first drug-eluting stent the CYPHER Sirolimus-eluting Coronary Stent. This breakthrough innovation for the treatment of restenosis (reblockage) has been used to treat more than three million patients worldwide. Before joining Johnson & Johnson, Mr. Anderson served in senior leadership positions with other international health care and medical device companies. At Racal HealthCare, Inc., he was Vice President, Global Marketing and responsible for respiratory devices and before that, he spent a decade with Boehringer Mannheim Pharmaceuticals and Allergan Pharmaceuticals in various U.S. and global sales, sales management and marketing management roles. Mr. Anderson is also a consultant member of the Society for Cardiovascular Angiography and Interventions and has worked within the industry to shape global education of interventional specialties. Mr. Anderson holds a B.B.A. in Marketing from Mississippi State University and has completed graduate level course work at Indiana University and Duke University. He served five years in the United States Army where he obtained the rank of captain.

Organization Position Status
Ptv Sciences Managing Director Current
The Group Inc. Chairman Current
Cordis Neurovascular, Inc. Company Group Chairman, Johnson & Johnson Current
InSite Vision Incorporated Board of Directors Current
Centocor, Inc. Worldwide President Former
Cordis Neurovascular, Inc. Vice President, Sales and Marketing Former
Centocor, Inc. Vice President, Immunology Franchise Former
Ptv Sciences Senior Investment Professional Former
Allergan, Inc. Former
Johnson & Johnson Former
Mississippi State University Bachelor of Business Administration In Marketing Former

Mr. O’Holla was the Worldwide Vice President of Regulatory Affairs at Johnson & Johnson from June 1990 until May 2008. Mr. O’Holla is a health products executive that has over thirty years experience, including research and development, quality and compliance, regulatory affairs, policy development and product sterilization. Mr. O’Holla has also written several publications regarding health products. He received his B.A. from Upsala College, his A.A. from Union College and his M.B.A. from Fairleigh Dickinson University.

Organization Position Status
InSite Vision Incorporated Board of Directors Current

Organization Position Status
Riverbank Capital LLC Current
Ziopharm, Inc Committee Chair for Nominating Committee Current
Ziopharm, Inc Board of Directors Current
The Manhattan Director Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current
Ziopharm Oncology, Inc. Board of Directors Current
The Bear Stearns Companies Inc. Former
Bristol-Myers Squibb Company Former
St. John and Company B.S. In Pharmacy Former
St. John's University B.S. In Pharmacy Former
New York University Medical Center post-graduate residency Former

Timothy P. Lynch has served as a member of the Board of Directors since November 2005. Mr. Lynch is the President and Chief Executive Officer of NeuroStat Pharmaceuticals, a start-up specialty pharmaceutical company he founded in October 2005. From June 2005 through September 2005, Mr. Lynch was President and Chief Executive Officer of Vivo Therapeutics, Inc., a venture-backed specialty pharmaceuticals start-up. From October 2002 through June 2005, Mr. Lynch served as Chief Financial Officer of Tercica, Inc. From 1999 to June 2002, Mr. Lynch served as Chief Financial Officer of InterMune, Inc. He was involved with the initial public offerings of both biopharmaceutical companies. Previously, Mr. Lynch served as Director of Strategic Planning and as a pharmaceutical sales representative at Elan Corporation, plc, a pharmaceutical company. He started his career as an investment banker at Goldman, Sachs & Co. and Chase Securities, Inc. Mr. Lynch is a director of Aradigm Corporation, BioForm Medical, Inc., and Nabi Biopharmaceuticals. Mr. Lynch received his B.A. in economics from Colgate University and his M.B.A. from the Harvard Graduate School of Business.

Organization Position Status
Sachs Ltd Investment Banker Current
Goldman & Company Investment Banker Current
Allos Therapeutics, Inc. Pharmaceutical Industry Consultant Current
National Medals Director Current
InSite Vision Incorporated Board of Directors Current
Allos Therapeutics, Inc. Member of the Board of Directors Current
Aradigm Corporation Director Current
Aradigm Corporation Committee Member Current
InterMune, Inc. Chief Financial Officer Former
Tercica, Inc. Chief Financial Officer Former
Elan Corporation, PLC Director of Strategic Planning Former
Goldman, Sachs & Co. Investment Banker Former
Chase Securities, Inc. Investment Banker Former
Elan Corporation, PLC Pharmaceutical Sales Representative Former
Strategic Planning, Inc. Former
Harvard Business School Mba Former
Colgate University BA In Economics Former

Organization Position Status
Quintiles Transnational Corp. President Current
Innovex, Inc. President, Innovex N.A. Current
InSite Vision Incorporated Board of Directors Current
Eli Lilly and Company Former
Schering-Plough Corporation Former
Boehringer Mannheim Former
American Chamber of Commerce Board Member Former
Purdue University Bachelor of Science Degree In Pharmacy Former

Executive News

  • Ophthalmic Consultants of Long Island (OCLI), the Largest and One of the Most Prestigious...

    Reuters - 7/20/09 - View Story

  • Ophthalmic Consultants of Long Island (OCLI), the Largest and One of the Most Prestigious Multi-Specialty Ophthalmology Practices on Long Island, Participates in Mission Cataract USA

    PR Newswire - 7/20/09 - View Story

  • IDEV Technologies Names Veteran Medical Device Executive Rick Anderson Chairman of...

    Reuters - 7/09/09 - View Story

  • IDEV Technologies Names Veteran Medical Device Executive Rick Anderson Chairman of the Board of Directors

    Yahoo! Canada - 7/09/09 - View Story

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     INSV $0.41 -0.01 (-2.38% )
Average Volume 92,259
Shares Outstanding 94.74M
Market Cap 38.8M
Year High 0.66
Year Low 0.255
Earnings Per Share -0.30
P/E Ratio -1.37
Dividend N/A
Yield N/A
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