BNET Industries

IOMED Inc.

is in the Health Care Industry

Last Fiscal Year Sales:$10.8M
  • Private
  • US
Dow Jones Description

IOMED is a positively-charged force in drug delivery. Founded in 1974 and headquartered in Salt Lake City, UT, IOMED, Inc. develops, manufactures, and markets various drug delivery systems. The company focuses on products to treat acute local inflammation. It offers iontophoresis treatment under the name Phoresor, which delivers water-soluble ionic drugs through the skin via a weak electric current. This process allows less-invasive delivery, more controlled dosage, and less frequent dosing. It distributes through a network of medical dealers, distributors, and independent representatives to physical and occupational therapists, sports medicine doctors, and other healthcare providers. The company had 2005 revenue of about $11.4 million and employs about 50 people.

President and Chief Executive Officer
Robert J. Lollini
Number of Employees 48
Contact Information

2441 S 3850 W

Salt Lake City, Utah 84120

www.iomed.com

1 801 975 1191

NAICS Code Surgical and Medical Instrument Manufacturing: 339112

News & Analysis

iomed inc. - All News and Analysis

  • Iomed plans meeting for shareholders Aug. 8

    - 2007-07-11

    Iomed Inc., based in Salt Lake City, said Tuesday it will have a special shareholders meeting at 10 a.m. Aug. 8 to vote on the proposed acquisition of Iomed by ReAble Therapeutics. The meeting will be at Iomed headquarters, 2441 S. 3850 West. Iomed is recommending...

    Tags: IOMED Inc.

  • VIASPACE Security Receives Additional Funding for L3 Communications Contract.

    - 2007-05-23

    M2 PRESSWIRE-23 May 2007-GrowthStockAnalyst.com: VIASPACE Security Receives Additional Funding for L3 Communications ContractC1994-2007 M2 COMMUNICATIONS LTD RDATE:23052007 Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), IOMED, Inc. (AMEX:IOX), Pharm Control Ltd. (PinkSheets: PMCL), Bell Microproducts Inc. (Nasdaq:BELM), Sun Cal Energy Inc....

    Tags: IOMED Inc.

  • Open Energy Corporation & Suntech America Form an Alliance.

    - 2007-05-22

    M2 PRESSWIRE-22 May 2007-WallStreetAnalystReport.com: Open Energy Corporation & Suntech America Form an AllianceC1994-2007 M2 COMMUNICATIONS LTD RDATE:22052007 Stocks to Watch: Open Energy Corporation (OTCBB: OEGY) , Odyssey Marine Exploration, Inc. (AMEX:OMR), CirTran Corporation (OTC BB:CIRT), IOMED, Inc. (AMEX:IOX), WorldWater &...

    Tags: IOMED Inc., Suntech Power Holdings Co. Ltd.

  • Earnings roundup

    - 2007-05-16

    Several companies, including some that are based in Utah or have ties to the state, reported earnings on Tuesday. Home Depot The Home Depot Inc. posted a 29.5 percent drop in first-quarter profit and warned that the rest of the year will be challenging. The company...

    Tags: IOMED Inc.

  • Local earnings

    - 2007-02-02

    Several companies that are based in Utah or have ties to the state reported quarterly financial results Thursday. Alliant Techsystems Alliant Techsystems Inc., the largest supplier of ammunition to the U.S. military, said fiscal third-quarter profit rose 8.8 percent on higher bullet sales and a tax...

    Tags: IOMED Inc.

  • Local earnings

    - 2006-11-08

    Several Utah-based companies reported quarterly earnings results Tuesday. Headwaters Headwaters Inc., based in South Jordan, reported net income of $28 million, or 61 cents per share, for the quarter ended Sept. 30. That compares with $44.9 million, or 95 cents per share, for the prior-year quarter....

    Tags: IOMED Inc.

  • Local earnings

    - 2006-05-04

    A few companies with Utah connections reported quarterly financial results on Wednesday. SkyWest St. George-based SkyWest Inc. reported net income of $34.6 million, or 57 cents per share, for the quarter ended March 31. That compares with $18.8 million, or 32 cents per share, for the...

    Tags: IOMED Inc.

  • Companies report quarterly financial results

    - 2006-02-02

    Several companies, including a few with Utah connections, reported quarterly financial results on Wednesday. JetBlue JetBlue Airways Corp., founded by Utah native David Neeleman, posted a wider fourth-quarter loss than Wall Street expected, as increased revenue could not offset the impact of sharply higher fuel costs....

    Tags: analyst, earnings, FINANCE, financial, Google Inc., HCA Inc., Investment, JetBlue Airways Corp., revenue, stock, Thomson Corp.

  • Local earnings

    - 2005-11-02

    Several companies with Utah connections have reported quarterly financial results this week. American Skiing Park City-based American Skiing reported a net loss of $37.3 million, or $1.17 per share, for the fiscal fourth quarter ended July 31. That compares with net income of $9.9 million, or...

    Tags: IOMED Inc.

  • Naked Short Web Site announces CRYO, SRA, HEM, INTN, IOX, SPAB have been removed from threshold lists today.

    - 2005-08-05

    M2 PRESSWIRE-5 August 2005-BUYINS.NET: Naked Short Web Site announces CRYO, SRA, HEM, INTN, IOX, SPAB have been removed from threshold lists todayC1994-2005 M2 COMMUNICATIONS LTD RDATE:05082005 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX...

    Tags: Amex, CryoCor Inc., Nasdaq Stock Market Inc., NYSE Euronext, patient, Serono S.A., Web

Decision Makers

Name (plus bio) Position
Robert J. Lollini President and Chief Executive Officer
Brian L. Mower Chief Financial Officer
Mary Crowther Vice President, Administrative Services & Secretary
Curtis R Jensen Quality and Regulatory Director
James R Cronkrite Director of Manufacturing
Jessica Barrett Director of Sales & Marketing
Tim Lucas Director of National Sales
James D Isaacson

Board of Directors

Name (plus bio) Position
Peter J Wardle Chairman
D. Stephen Antion Board of Directors
John W. Fara Board of Directors
Michael T. Sember Board of Directors
Warren Wood Board of Directors

Robert J. Lollini has served as President and Chief Executive Officer and a director of the Company since November 2002. Since joining the Company in 1993, Mr. Lollini has served as Chief Operating Officer, Executive Vice President, Finance, Chief Financial Officer and Secretary. Between 1989 and 1992, Mr. Lollini worked for R.P. Scherer Corporation, an international drug delivery company, as Vice President, Finance, Chief Financial Officer and Secretary, and between 1981 and 1989, as its Corporate Controller and Chief Accounting Officer and in various other management capacities. Between 1978 and 1981, Mr. Lollini was with the accounting firm of Arthur Andersen & Co. Mr. Lollini is a Certified Public Accountant and received a Bachelor of Arts degree in Accounting from Michigan State University and an MBA in Finance/Economics from the University of Detroit.

Organization Position Status
IOMED, Inc. President and Chief Executive Officer Current
IOMED, Inc. Director Current
University of Detroit Mercy School of Law Mba In Finance, Economics Former
Michigan State University Bachelor of Arts Degree In Accounting Former

Brian L. Mower serves as Chief Financial Officer and directs all finance and accounting functions. He joined the Company's accounting and finance department in December 1999 and has also served as the Company's Chief Accounting Officer. Prior to joining the Company, Mr. Mower held various audit and accounting positions with the international accounting firm of KPMG, LLP. While at KPMG, he serviced a broad base of both large and small and public and private clients. Mr. Mower has been a Certified Public Accountant since 1998, is bilingual in English and Vietnamese, and actively participates in the local community. He is a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants. Mr. Mower received both a Bachelor of Science degree in Accounting and a Master of Accountancy degree from Brigham Young University. He was one of four Chief Accounting Officers featured in the Journal of Accountancy's February 2006 issue.

Organization Position Status
IOMED, Inc. Chief Financial Officer Current
American Institute of Certified Public Accountants Member Current
KPMG International senior auditor Former
Brigham Young University Master of Accountancy degree Former
Brigham Young University Master of Accountancy degree Former

Organization Position Status
IOMED, Inc. Vice President, Administrative Services & Secretary Current

Organization Position Status
IOMED, Inc. Quality and Regulatory Director Current
IOMED, Inc. Quality Manager Current
Bausch & Lomb Incorporated Quality Manager Former
C.R. Bard, Inc. Field Assurance Manager Former
C.R. Bard, Inc. Senior Quality Engineer Former
Utah State University Bachelor's Degree in Electrical Engineering Former

James R. Cronkrite joined the Company in 1997 and presently serves as Director of Manufacturing. Mr. Cronkrite has eighteen years of medical device manufacturing experience. Prior to joining the Company, Mr. Cronkrite was employed by Abbott Laboratories in both the Critical Care and Hospital Products Divisions. While employed at Abbott Laboratories, Mr. Cronkrite held several key operation positions including, Senior Molding Process Engineer, Production Manager, Engineering Manager, and Operations Manager. Mr. Cronkrite received a Bachelors of Science degree in Industrial Engineering from the University of Utah and more recently received an Executive Masters of Business Administration from the same university.

Organization Position Status
IOMED, Inc. Director of Manufacturing Current
Abbott Laboratories Production Manager Former
Abbott Laboratories Process Engineer Former
University of Utah Bachelors of Science Degree In Industrial Engineering Former

Jessica Barrett joined the Company in September 2002 and presently serves as the Director of Sales and Marketing. Ms. Barrett has 20 years of experience in the health care industry, having served in senior management positions in sales and marketing at Gesco International, HDC Corporation and, most recently, at Sorenson Medical, Inc. Ms. Barrett holds a bachelor's in Biochemistry from the University of Oregon.

Organization Position Status
IOMED, Inc. Director of Sales & Marketing Current
Biomicro Systems, Inc. Board of Directors Current
Sorenson Medical, Inc. Former
University of Oregon Bachelor's In Biochemistry Former

Organization Position Status
IOMED, Inc. Director of National Sales Current

Organization Position Status
IOMED, Inc. Current
Massachusetts Institute of Technology M.S. in Mechanical Engineering Former
University of Michigan B.S. in Mechanical Engineering Former

Organization Position Status
Homeland Venture Partners Managing Director Current
IOMED, Inc. Chairman Current
Ophthonix, Inc. Former
Dartmouth College Bachelor of Arts degree in History and Economics Former

Organization Position Status
IOMED, Inc. Board of Directors Current

Organization Position Status
AVI BioPharma, Inc. President and Chief Executive Officer, Depomed Inc. Current
IOMED, Inc. Board of Directors Current
Depomed, Inc. Board of Directors Current
AVI BioPharma, Inc. Board of Directors Current
Depomed, Inc. Chief Executive Officer Former
Anergen Chief Executive Officer Former
Prototek Corporation President Former
Anergen President Former
Depomed, Inc. President Former
Prototek Corporation Vice President of Business Development Former
AVI BioPharma, Inc. Director of Avi Former
Prototek Corporation Director of Biomedical Research Former
Depomed, Inc. Chairman Former
University of California, Los Angeles Ph.D. Former
University of Wisconsin B.S. Former

Organization Position Status
IOMED, Inc. Board of Directors Current

Organization Position Status
IOMED, Inc. Board of Directors Current
University of Washington Bachelor of Science degree in Electrical Engineering Former