BNET Industries

Market Cap:$17.1M
Last Fiscal Year Sales:$19.9M
  • Public
  • US
Dow Jones Description

IVAX Diagnostics, Inc. is headquartered in Miami, Florida and develops, manufactures and markets proprietary diagnostic reagents, instrumentation and software worldwide through its three subsidiaries; Diamedix Corporation, Delta Biologicals S.r.l. and ImmunoVision, Inc. IVAX Diagnostics, Inc. was created as a result of the merger on March 14, 2001 between b2bstores.com, Inc. and the diagnostic business subsidiary within IVAX Corporation. On January 26, 2006 , IVAX Corporation was merged into a wholly owned subsidiary of Teva Pharmaceutical Industries Ltd. (Teva). As a result of this merger, Teva, indirectly through its IVAX Corporation subsidiary, owned approximately 72% of IVAX Diagnostics. On September 2, 2008 , a group controlled by two experienced and well-known international medical diagnostics and pharmaceutical industry entrepreneurs, Paul Kennedy and Patrice Debregeas, purchased all of the shares of IVAX Diagnostics' common stock owned by Teva and, accordingly, collectively owns approximately 72% of IVAX Diagnostics. IVAX Diagnostics' common stock trades under the ticker symbol IVD on the American Stock Exchange.

Interim Chief Executive Officer
Kevin D. Clark
Number of Employees 120
Contact Information

2140 N Miami Ave

Miami, Florida 33127-4916

ivaxdiagnostics...

(305) 324-2338

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • IVAX Diagnostics Turns To Loss In Q2 - Quick Facts

    8/14/09 - Financial Announcement - View Story

  • IVAX Diagnostics, Inc. Increases Product Line Through Amended Agreement with IMMCO Diagnostics

    7/15/09 - Joint Venture / Alliance - View Story

Decision Makers

Name (plus bio) Position
Kevin D. Clark Interim Chief Executive Officer
Mark S Deutsch Cfo, Vice President & Finance
David A. Lieberman Senior Vice President, Business, Finance
Michael M. Lopez Vice President, HR
Rao Uppaluri Vice President, Strategic Planning
Raul F Alvarez Vice President, International Marketing
Roberto Prego Vice President
Stephen Sheriff Vice President
Thomas E. McClary Vice President, Finance
Jerry Benjamin Director

Board of Directors

Name (plus bio) Position
Professor Itzhak Krinsky Chairman
Dr. Phillip Frost Board of Directors
Fernando L. Fernandez Board of Directors
John B Harley Board of Directors
Jose J Valdes-Fauli Board of Directors
Mark Durand Board of Directors
Richard Egosi Board of Directors

Organization Position Status
IVAX Diagnostics, Inc. Interim Chief Executive Officer Current
ImmunoVision, Inc. Chief Operating Officer Current
IVAX Diagnostics, Inc. Chief Operating Officer Current

Organization Position Status
IVAX Diagnostics, Inc. Cfo, Vice President & Finance Current

Organization Position Status
IVAX Diagnostics, Inc. Senior Vice President, Business, Finance Current

Organization Position Status
IVAX Diagnostics, Inc. Vice President, HR Current
IVAX Corporation Vice President, HR Current

Organization Position Status
IVAX Corporation Vice President, Strategic Planning Current
IVAX Diagnostics, Inc. Vice President, Strategic Planning Current

Organization Position Status
IVAX Diagnostics, Inc. Vice President, International Marketing Current

Organization Position Status
IVAX Corporation Vice President, Latin America Current
IVAX Diagnostics, Inc. Vice President Current

Organization Position Status
IVAX Diagnostics, Inc. Vice President Current
IVAX Corporation Vice President, Taxation & Tax Counsel Current

Organization Position Status
IVAX Corporation Chief Accounting Officer Current
IVAX Diagnostics, Inc. Vice President, Finance Current

Dr. Itzhak Krinsky joined Teva as Corporate Vice President for Business Development in May 2005. Prior to joining Teva, Dr. Krinsky was a managing director with The Silverfern Group, Inc. from January 2003 until February 2005 and until joining Teva, he was also a managing director with Trenwith Securities, LLC, both investment banking boutiques in New York City. From July 2001 until December 2002, Dr. Krinsky was a managing director of I. Krinsky, Financial & Investment Consulting in New York City and from January 1998 until May 2001 a senior strategist with the Investment Banking Research and Strategy Group of Bankers Trust (the predecessor of Deutsche Bank Securities) and later a managing director in the Acquisition and Corporate Advisory Group of Deutsche Bank Securities in New York City. Dr. Krinsky's academic career includes a position as Professor of Finance & Business Economics, Michael G. DeGroote School of Business, McMaster University, Ontario, Canada and as a visiting professor in the Institute for International Studies and Training of Japan, Kamiide, Japan, Nankai University, Tianjin, The Peoples Republic of China and the Leonard N. Stern School of Business at New York University, as well as extensive publications in leading academic journals. Dr. Krinsky serves as Chairman of the Board of Ivax Diagnostics, Inc., a public company that is 72% owned by Teva, and is a member of the board of Can-fite Biopharma Ltd. He served as a board member of Advanced Vision Technology (A.V.T.) Ltd. from 2005 to 2007. He received his B.A and M.A. in economics from Tel Aviv University in 1976 and 1978, respectively, and his Ph.D. in economics from McMaster University in 1983.

Organization Position Status
Teva Pharmaceutical Industries Ltd. Corporate Vice President for Business Development Current
IVAX Diagnostics, Inc. Chairman Current
Trenwith Securities, LLC Managing Director Former
The Strategy Group Former
Bankers Trust Company Inc. Former
Deutsche Bank Securities Inc. Former
McMaster University Ph.D. In Economics Former
Tel Aviv University M.A. In Economics Former

Phillip Frost, M.D. Dr. Frost became the CEO and Chairman of OPKO Health, Inc. upon the consummation of the merger of Acuity Pharmaceuticals Inc., Froptix Corporation and eXegenics, Inc. on March 27, 2007 (referred to as the Acquisition ). Dr. Frost was named the Vice Chairman of the Board of Teva Pharmaceutical Industries, Limited (NasdaqGS:TEVA), or Teva, in January 2006 when Teva acquired IVAX Corporation, or IVAX. Dr. Frost had served as Chairman of the Board of Directors and Chief Executive Officer of IVAX Corporation since 1987. He was Chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida from 1972 to 1986. Dr. Frost was Chairman of the Board of Directors of Key Pharmaceuticals, Inc. from 1972 until the acquisition of Key Pharmaceuticals by Schering Plough Corporation in 1986. Dr. Frost was named Chairman of the Board of Ladenburg Thalmann Financial Services Inc. (NYSE Amex: LTS), an investment banking, asset management, and securities brokerage firm providing services through its principal operating subsidiary, Ladenburg Thalmann & Co. Inc., in July 2006 and has been a director of Ladenburg Thalmann since March 2005. Dr. Frost also serves as Chairman of the Board of Directors of Ideation Acquisition Corp., a special purpose acquisition company formed for the purpose of acquiring businesses in digital media (NYSE Amex: IDI), Modigene Inc., a development stage biopharmaceutical company (OTCBB: MODG), and Castle Brands, a developer and marketer of premium brand spirits (NYSE Amex: ROX). He serves on the Board of Regents of the Smithsonian Institution, as a member of the Board of Trustees of the University of Miami, a Trustee of each of the Scripps Research Institutes, the Miami Jewish Home for the Aged, and the Mount Sinai Medical Center. Dr. Frost is also a director of Continucare Corporation, a provider of outpatient healthcare and home healthcare services (NYSE Amex: CNU), and Northrop Grumman Corp., a global defense and aerospace company (NYSE: NOC).

Organization Position Status
Opko Health, Inc. CEO Current
Peregrine Ventures | Terms & Conditions General Partner & Investment Committee Member Current
University of Miami Trustee Current
The Scripps Research Institute Trustee Current
Ladenburg Thalmann Financial Services Inc. Chairman of the Board of Directors Current
Pzk Chairman Current
Opko Health, Inc. Chairman Current
Modigene Inc. Chairman of The Board of Directors Current
Ideation Acquisition Corp. Chairman of the Board of Directors Current
Ladenburg Thalmann & Co., Inc. Director Current
Cellular Technical Services Co, Inc. Director Current
Protalix Biotherapeutics, Inc. Board of Directors Current
Continucare Corporation Director Current
The Regents Board of Directors Current
The American Stock Exchange LLC Member, Board of Governors Current
Castle Brands Inc. Board of Directors Current
Peregrine Ventures | Terms & Conditions Board of Directors Current
IVAX Diagnostics, Inc. Board of Directors Current
The Frost Group Board of Directors Current
Teva Pharmaceutical Industries Ltd. Vice Chairman of the Board of Directors Current
Northrop Grumman Corporation Board of Directors Current
Continucare Corporation Vice Chairman, Board of Directors Current
IVAX Corporation CEO Former
IVAX Corporation President Former
IVAX Corporation Chairman, Board of Directors Former
University of Miami Chairman, Board of Trustees Former
Teva Pharmaceutical Industries Ltd. Chairman, Board of Directors Former
Modigene Inc. Board of Directors Former
Ladenburg Thalmann Financial Services Inc. Board of Directors Former
Albert Einstein College M.D. Former
The American Stock Exchange LLC member Former

Organization Position Status
IVAX Diagnostics, Inc. Board of Directors Current

Organization Position Status
Advent Venture Partners Llp. Partner Current
Orthofix Inc. Director and Chairman of The Audit Committee Current
Speciality European Pharma Limited Chairman Current
Orthofix Inc. Vice Chairman of The Board of Directors Current
Activbiotics Inc. Board of Directors Current
Orthofix International N.V. Board of Directors Current
Nhs Innovations London Non Executive Board Member Current
Micromet, Inc. Board of Directors Current
IVAX Diagnostics, Inc. Director Current
Orthofix International N.V. Non-Executive Director Former
Advent Venture Partners Llp. Senior Advisor Former
Advent Inc. Former
Monsanto Company Former
Orthofix Inc. Board of Directors Former
Clemson University Bsc In Chemical Engineering Former

Organization Position Status
IVAX Diagnostics, Inc. Board of Directors Current

Organization Position Status
IVAX Diagnostics, Inc. Board of Directors Current

Organization Position Status
IVAX Diagnostics, Inc. Board of Directors Current

Organization Position Status
Teva Pharmaceutical Industries Ltd. Senior Vice President & General Counsel Current
IVAX Diagnostics, Inc. Board of Directors Current

Executive News

  • Opko narrows losses

    Biz Journals - 8/10/09 - View Story

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     IVD $0.62 0.00 (0.00% )
Average Volume 8,516
Shares Outstanding 27.65M
Market Cap 17.1M
Year High 0.84
Year Low 0.28
Earnings Per Share -0.08
P/E Ratio -7.75
Dividend N/A
Yield N/A
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