BNET Industries

Market Cap:$4.9M
  • Public
  • US
Dow Jones Description

We are a specialty healthcare product company focused on developing and commercializing innovative treatments for underserved patient populations. We aim to acquire rights to these technologies by licensing or otherwise acquiring an ownership interest, funding their research and development and eventually either bringing the technologies to market or out-licensing. In the short term we are focusing our efforts on the commercialization of the two product candidates we currently have in development: Hedrin, a novel, non-insecticide treatment for pediculosis (head lice), which we are developing through a joint venture, and a topical product for the treatment of psoriasis. Longer term, we intend to acquire and commercialize low risk, quick to market products, specifically products that could be marketed over-the-counter ("OTC"), treat everyday maladies, are simple to manufacture, and/or could be classified as medical devices by the FDA. During 2007, we discontinued development of Oleoyl-estrone and Propofol Lingual Spray. In March 2009, we discontinued development of Altoderm and Altolyn. We have not received regulatory approval for, or generated commercial revenues from marketing or selling any drugs.

President, Chief Executive Officer and Director
Douglas Abel
Number of Employees 3
Contact Information

48 Wall St Ste 1100

New York, New York 10005

manhattanpharma...

(212) 582-3950

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

News & Analysis

manhattan pharmaceuticals inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Douglas Abel President, Chief Executive Officer and Director
Alan G Harris Chief Medical Officer
Michael McGuinness Chief Financial Officer
Nicholas Rossettos Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary
Michael Weiser Vice President
Michelle Carroll Associate Director, Strategic Development & Investor Relations
M Alemany
Mary C. Spellman Head, Dermatology & Drug Dev
Joshua A Kazam Director
Richard I. Steinhart Director

Board of Directors

Name (plus bio) Position
Joan Pons Gimbert Board of Directors
Joan Pons Gimbert Board of Directors
Joseph R Vasselli Board of Directors
Louis Aronne Board of Directors
Macolm Hoenlein Board of Directors
Malcolm Hoenlein Board of Directors
Michael Weisner Board of Directors
Neil Herskowitz Board of Directors
Stanley Heshka Board of Directors
Timothy McInerney Board of Directors

Organization Position Status
Manhattan Pharmaceuticals, Inc. President, Chief Executive Officer and Director Current
Manhattan Pharmaceuticals, Inc. Chairman Current
Artes Medical Inc Board of Directors Current
Biogen Idec, Inc. Vice President of the Dermatology Business Unit Former
Biogen, Inc. Former
Temple University MBA Former
Lafayette College Ab In Chemistry Former

Alan G. Harris has 20 years of experience working in clinical drug development in the pharmaceutical industry. He was recently Corporate Head of the Worldwide Medical Endocrine Care group at Pfizer Inc, New York. Before that, while at Schering-Plough, he served in a number of capacities in Medical Affairs and recently as Vice President Global Healthcare Research & Outcomes. During his tenure at Sandoz Pharmaceuticals (Novartis) he was the Clinical Project Leader for the development of Sandostatin Dr. Harris is currently Adjunct Professor of Medicine at NYU Medical School and Visiting Professor of Medicine in the Department of Endocrinology at Liege University Medical School, Belgium. Dr. Harris received his M.D. from the Louis Pasteur Faculty of Medicine, University of Strasbourg, France and his Ph.D. in Endocrinology from Erasmus University, Rotterdam, The Netherlands. He was a practicing internist for seven years and an attending physician in the department of Gastroenterology at Nice University Hospital, France. He was Associate Professor of Medicine and, Director, Division of Clinical Pharmacology, Department of Medicine and Medical Director of the Department of Technology Development and Transfer and Clinical Trials at Cedars-Sinai Medical Center/UCLA School of Medicine, Los Angeles. Dr. Harris is a Fellow of the American College of Physicians, the Royal College of Physicians (UK) and the Royal Society of Medicine. He has authored over 200 publications including 100 peer reviewed scientific papers. He is currently a Trustee of the Hospital for Joint Diseases-New York University Medical Center.

Organization Position Status
Manhattan Pharmaceuticals, Inc. Chief Medical Officer Current
NPS Pharmaceuticals, Inc. Senior Vice President, Chief Medical Officer Current
Prolong Pharmaceuticals Chairman of the Medical Advisory Board of Prolong Pharmaceuticals Current
American College of Nutrition Fellow Current
American College of Physicians Fellow Current
Schering-Plough Corporation Vice President of Global Health Research and Outcomes Former
University of California, Los Angeles Associate Professor of Medicine Former
David Geffen School of Medicine at UCLA Associate Professor of Medicine Former
Pfizer Inc. Corporate Head Former
Gastroenterology, Llp. Internist Former
Sandoz Pharmaceuticals Former
David Geffen School of Medicine at UCLA Director Former
University of Strasbourg M.D. from the Louis Pasteur Faculty Former
Erasmus University Ph.D. In Endocrinology Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Chief Financial Officer Current
Vyteris, Inc. Current
American Institute of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
Epigenesis Pharmaceuticals, LLC Chief Financial Officer Former
Vyteris Holdings (Nevada), Inc. Former
Epigenesis Pharmaceuticals, LLC Member of the Board of Directors Former
Hofstra University Bba In Public Accounting Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary Current
Centerwatch, Inc. Manager of Finance Former
Northeastern University M.B.A. Former
Princeton University A.B. in Economics Former

Organization Position Status
Chelsea Therapeutics International, Ltd. Interim President Current
Manhattan Pharmaceuticals, Inc. Vice President Current
Vioquest Pharmaceuticals, Inc. Founder and Co-Chairman of Actin Biomed Current
Ziopharm, Inc Founder and Co-Chairman of Actin Capital, Llc and Actin Biomed Current
Chiral Quest, Inc. Director of Research of Paramount Biocapital Asset Management Current
Hana Biosciences, Inc. Board of Directors Current
Chiral Quest, Inc. Board of Directors Current
Ziopharm Oncology, Inc. Board of Directors Current
Vioquest Pharmaceuticals, Inc. Board of Directors Current
Paramount Acquisition Corp Board of Directors Current
Chelsea Therapeutics International, Ltd. Board of Directors Current
Ziopharm, Inc Board of Directors Current
Emisphere Technologies, Inc. Board of Directors Current
Paramount Biosciences, LLC Director of Research Former
Actin Inc Former
Weill Medical College of Cornell University Ph.D. in Molecular Neurobiology Former
New York University School of Medicine M.D. Former
University of Vermont B.A. In Psychology Former
Manhattan Pharmaceuticals, Inc. member Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Associate Director, Strategic Development & Investor Relations Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Manhattan Pharmaceuticals, Inc. Current

Organization Position Status
Manhattan Pharmaceuticals, Inc. Head, Dermatology & Drug Dev Current
Women's Dermatologic Society Board of Directors Current
Connetics Corporation Vice President, Clinical Research Former
Loyola University Chicago Bachelor of Science Degree Former
Medical College of Wisconsin Degree Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Board of Directors Current
Pans.Com Director of Franchising Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Manhattan Pharmaceuticals, Inc. Board of Directors Current
The American Physiological Society Board of Directors Current
American Diabetes Association Board of Directors Current
New York Academy of Sciences Board of Directors Current
American Diabetes Association Member Current
New York Academy of Sciences Member Current
Brooklyn College Postdoctoral Fellow Former
American Journal of Physiology Former
Columbia University M.A. In Experimental Psychology Former

Mr. Kazam, a co-founder of Tigris, currently serves as the Secretary and a member of the Board of Directors of the Company. Mr. Kazam co-founded Two River Group Holdings, LLC in September 2004. Prior to that, from September 1999, Mr. Kazam served as a Managing Director of Paramount BioCapital, Inc. He also served as Managing Director of Paramount BioCapital Investments, LLC, where he was responsible for ongoing operations of venture investments. In addition, Mr. Kazam served as the Director of Investment for the Orion Biomedical Fund, a New York based private equity fund focused on biotechnology investments. Mr. Kazam also currently serves as a director of Manhattan Pharmaceuticals, Inc. (AMEX:MHA), a publicly traded biotechnology company, as well as several privately held companies, including Cortiva Therapy and Velcera Pharmaceuticals, Inc., a privately held veterinary company. Mr. Kazam graduated with honors from the Wharton School of the University of Pennsylvania with a degree in management. Mr. Kazam will devote only a portion of his business time to the Company's business.

Organization Position Status
Tigris Pharmaceuticals, Inc. Co-Founder Current
Two River Group Holdings, LLC Co-Founder Former
Velcera Pharmaceuticals Inc. Director Current
Velcera, Inc. Director Current
Tigris Pharmaceuticals, Inc. Board of Directors Current
Two River Group Holdings, LLC Managing Director Former
Wharton Graduate School of the University of Pennsylvania Degree In Entrepreneurial Management Former
The Wharton School of the University of Pennsylvania Degree, Entrepreneurial Management Former

Louis Aronne, M.D. is the Director of the Comprehensive Weight Control Program and Clinical Associate Professor at the Weill Cornell Medical College. Dr. Aronne is also Adjunct Associate Clinical Professor of Medicine at Columbia University College of Physicians and Surgeons, and Attending Physician at the New York Presbyterian Hospital. Dr. Aronne is a Phi Beta Kappa Graduate of Trinity College, where he received a B.S. in Biochemistry in 1977. He was awarded the M.D. degree from Johns Hopkins University Medical School in 1981. He completed a residency in Internal Medicine at the Albert Einstein College of Medicine, and became a Diplomate of the American Board of Internal Medicine in 1984. Dr. Aronne has had a long and distinguished career of obesity research and treatment; his research focuses on the nervous system's response to weight changes. Dr. Aronne has lectured extensively on obesity, and is widely published in numerous respected scientific and medical journals. He is the author or co-author of 8 leading textbook chapters on obesity, as well as the best selling book Weigh Less, Live Longer. As a clinical investigator for both sibutramine and orlistat, Dr. Aronne has been directly involved in the clinical development of the two major, currently-available pharmaceutical treatments for obesity. He is a Fellow of the American College of Physicians, Alpha Omega Alpha, the American Diabetes Association, and the North American Association for the Study of Obesity, where, as Chairman of the Development Committee, he developed the Practical Guide to the Identification, Evaluation and Treatment of Overweight and Obesity in Adults, in conjunction with the National institutes of Health and the National Heart, Lung, and Blood Institute. He is currently a Council Member and Chairman of the Public Affairs Committee of the North American Association for the Study of Obesity.

Organization Position Status
Columbia University College of Physicians and Surgeons Adjunct Associate Clinical Professor of Medicine Current
New York Presbyterian Hospital Attending Physician Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current
American College of Physicians Fellow Current
American Diabetes Association Fellow Current

Organization Position Status
Manhattan Pharmaceuticals, Inc. Board of Directors Current

In June 1986, Malcolm Hoenlein was elected Executive Vice Chairman of the Conference of Presidents of Major American Jewish Organizations, the coordinating body on international Jewish concerns for 50 national Jewish organizations. Previously, he served as the founding Executive Director of the Jewish Community Relations Council of Greater New York , the central coordinating agency for Jewish organizations in the metropolitan New York area. Prior to that, he was the founding Executive Director of the Greater New York Conference on Soviet Jewry. Malcolm Hoenlein received his B.A. in Political Science from Temple University and his Masters degree from the University of Pennsylvania?s Department of International Relations, where he completed his doctoral course work. A National Defense Fellow in the University?s Near East Center , Mr. Hoenlein taught International Relations in the Political Science Department and served as a Middle East specialist at the Foreign Policy Research Institute. In addition, he served on the editorial staff of ORBIS, the Journal of International Affairs. Mr. Hoenlein has traveled throughout the world meeting with world leaders and Jewish communities. He has written and lectured across the US and abroad on international relations, Israel and Middle East affairs, Soviet and World Jewry, terrorism, the American Jewish community, and intergroup relations. Mr. Hoenlein serves as an advisor to many public officials and is frequently consulted on public policy issues. He appears regularly in the media. Mr. Hoenlein has been the recipient of many awards and tributes. Among recent honors, he was conferred a Doctorate of Humane Letters (Honoris Causa) by Yeshiva University and a Doctorate of Laws (Honoris Causa) from Touro College and was honored by, among others, State of Israel Bonds for his ?valiant and extraordinary service to Israel and the Jewish people,? the Private Sector Initiative Award from President Ronald Reagan, American ORT honored him with a special ?Man of the Millennium? Tribute, the first Quittman Award for Jewish Professional Excellence, the Defender of Jerusalem Award, Millender Fellow at Brandeis University, Fellow of the Jerusalem College of Technology, the Jack D. Weiler Award for Jewish Communal Service, and the Union of Orthodox Jewish Congregations National Service Award. Mr. Hoenlein played a key role in organizing the massive National Solidarity Rally for Israel in Washington, DC in 2002. The Forward listed him as the most influential Jewish leader.

Organization Position Status
The Conference of Presidents CEO Current
America's Voices Chairman Current
Company 'c' Hair Chairman Current
Waterchef, Inc. Board of Directors Current
Keryx Biopharmaceuticals, Inc. Director Current
Inter-Agency Task Force Executive Vice Chairman Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current
Tikvah Therapeutics, Inc. Board of Directors Current
The Conference of Presidents Executive Vice Chairman Current
America's Voices Executive Vice Chairman of The Conference of Presidents of Maj American Jewish Organizations Former
O.D.F. Optronics Ltd Executive Vice Chairman of the Conference of Presidents of Major American Jewish Organizations Former
Jewish Co Executive Director Former
Orbis LLC Board of Directors Former
Yeshiva University Doctorate Former
Touro College Doctorate Former
Temple University B.A. In Political Science Former

Organization Position Status
Manhattan Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Innovive Pharmaceuticals, Inc. Director Current
Chelsea Therapeutics International, Ltd. Director Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current

Richard I. Steinhart has been a director of our company since July 2004. Since April 2006, Mr. Steinhart has served as Chief Financial Officer of Electro-Optical Sciences, Inc., a publicly-held medical device company. From May 1992 to April 2006, Mr. Steinhart was principal of Forest Street Capital, a boutique investment banking, venture capital, and management consulting firm. Prior to Forest Street Capital, from May 1991 to May 1992, he was the Vice President and Chief Financial Officer of Emisphere Technologies, Inc., a publicly held biopharmaceutical company that is working to develop and commercialize a proprietary oral drug delivery system. Prior to joining Emisphere Technologies, Mr. Steinhart spent seven years at CW Group, Inc., a venture capital firm focused on medical and healthcare investments, where he was a General Partner and Chief Financial Officer. Mr. Steinhart has previously served as a director of a number of privately-held companies, including ARRIS Pharmaceuticals, Inc., a biotechnology company involved with rational drug design; Membrex, Inc., a laboratory equipment manufacturing company; and Photest, Inc., a diagnostics company. He began his career working as a certified public accountant and continues to be a New York State Certified Public Accountant. Mr. Steinhart holds a Bachelors of Business Administration and Masters of Business Administration from Pace University.

Organization Position Status
Electro-Optical Sciences, Inc. Chief Financial Officer Current
Manhattan Pharmaceuticals, Inc. Director Current
Emisphere Technologies, Inc. Chief Financial Officer Former
Emisphere Technologies, Inc. Vice President Former
Forest Street Capital Principal Former
CW Group, Inc. Former
Pace University Masters of Business Administration Former
Pace University Bachelors of Business Administration Former

Stanley Heshka, Ph.D. is Associate Research Scientist at the Institute of Human Nutrition of the Columbia University College of Physicians and Surgeons, and a Research Associate of the Obesity Research Center at St. Luke's-Roosevelt Hospital Center in New York City. Doctor Heshka is a leading obesity basic researcher, and has conducted extensive research into risk factors, mechanisms, and treatment of obesity. He has been involved in clinical studies for multiple anti-obesity products, and authored of numerous relevant publications and abstracts, as well as several textbook chapters. Dr. Heshka received his B.A. from the University of Toronto in 1969, a M.Sc. London School of Economics and Political Science, University of London in 1970, and his Ph.D. from Columbia University in 1973.

Organization Position Status
St Luke Research Associate Current
Manhattan Pharmaceuticals, Inc. Board of Directors Current
University of Toronto B.A. Former

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

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     MHAN $0.07 0.00 (0.00% )
Average Volume 70,853
Shares Outstanding 70.62M
Market Cap 4.9M
Year High 0.15
Year Low 0.004
Earnings Per Share -0.05
P/E Ratio -1.40
Dividend N/A
Yield N/A
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