BNET Industries

Market Cap:$1.4B
Last Fiscal Year Sales:$464.6M
  • Public
  • US
Dow Jones Description

Medicis Pharmaceutical Corporation (Medicis, the Company, or as used in the context of we, us or our), together with our wholly owned subsidiaries, is a leading independent specialty pharmaceutical company focusing primarily on helping patients attain a healthy and youthful appearance and self-image through the development and marketing in the U.S. of products for the treatment of dermatological, aesthetic and podiatric conditions. We believe that the U.S. market for dermatological pharmaceutical sales exceeds $6 billion annually. According to the American Society for Aesthetic Plastic Surgery, a national not-for-profit organization for education and research in cosmetic plastic surgery, nearly 11.7 million cosmetic surgical and non-surgical procedures were performed in the United States during 2007, including approximately 9.6 million non-surgical cosmetic procedures. We also market products in Canada for the treatment of dermatological and aesthetic conditions. On July 1, 2008, we acquired LipoSonix, Inc. (LipoSonix), an independent, privately-held company that employs a staff of approximately 40 scientists, engineers and clinicians located near Seattle, Washington. LipoSonix is a medical device company developing non-invasive body sculpting technology, and recently launched its first product in Europe, where it is being marketed and sold through distributors. The LipoSonix technology is currently not approved for sale or use in the U.S. ...

Chief Executive Officer
Jonah Shacknai
Number of Employees 578
Contact Information

8125 N Hayden Rd

Scottsdale, Arizona 85258-4343

medicis.com

(602) 808-8800

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Analyst Upgrades for November 17th

    11/17/09 - Bond / Stock Rating - View Story

  • Glenmark, Medicis Sign Drug Pact, End Patent Row

    11/16/09 - Joint Venture / Alliance - View Story

  • Sensex in India Gains 1%; UltraTech Merger

    11/16/09 - Legal Settlement - View Story

  • Glenmark Generics settles patent litigations with Medicis Pharmaceutical for Fluocinonide and Ciclopirox Olamine

    11/17/09 - Legal Settlement - View Story

  • Acne, wrinkle treatments help Medicis post profit

    11/05/09 - Financial Announcement - View Story

  • Roth Capital Downgrades Medicis Pharmaceutical MRX to Hold

    10/09/09 - Bond / Stock Rating - View Story

  • BUYINS.NET: 50.78% Of All NASDAQ Trading Tuesday Was Short Selling. BPSG, SHAW, ELOS, EXEL, PRGO,...

    9/16/09 - Joint Venture / Alliance - View Story

  • AMRI files new patent lawsuits against Dr Reddy's and Sandoz

    9/16/09 - Lawsuit Filed - View Story

  • Sandoz, Medicis Resolve Litigation Over Patent on Solodyn

    9/15/09 - Legal Settlement - View Story

  • Reportlinker Adds World Botulinum Toxin Market Report

    9/10/09 - Product Announcement - View Story

  • Sandoz receives FDA clearance: Settles lawsuit involving generic acne meds

    9/05/09 - Legal Settlement - View Story

  • Medicis and Revance Announce Agreement for Development of Next-Gen Neurotoxin

    7/28/09 - Joint Venture / Alliance - View Story

News & Analysis

medicis pharmaceutical corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jonah Shacknai Chief Executive Officer
Ira D. Lawrence Chief Medical Officer
Mark A. Progocki Cfo, Treasurer & Executive Vice President
Mark A. Prygocki Executive Vice President & Chief Operating Officer
Mitchell Wortzman Executive Vice President, R & D & Chief Scientific Officer
Richard D. Peterson Executive Vice President, Chief Financial Officer and Treasurer
Jason Hanson General Counsel, Secretary & Executive Vice President
Joseph P Cooper Executive Vice President, Corp & Prod Dev
Patrick Cooper Joseph Executive Vice President,Corp & Product Development
Richard Havens Executive Vice President, Sales & Marketing
Vincent Ippolito Executive Vice President, Sales and Marketing
Kara J. Stancell Executive Director, Investor Relations & Corporate Communications
Peter S. Knight Partner
Spencer Davidson Director

Board of Directors

Name (plus bio) Position
Arthur G Altschul Board of Directors
John P. Hollerbach board member
Lottie Shackelford Board of Directors
Michael A. Pietrangelo Board of Directors
Philip S. Schein Board of Directors
Stuart Diamond Board Director

Organization Position Status
The World Craniofacial Foundation Founder, Chairman and Chief Executive Officer of Medicis Pharmaceutical Corporation Current
Medicis Pharmaceutical Corporation Chief Executive Officer Current
Medicis Pharmaceutical Corporation Chairman Current
Delta Society Board of Directors Current
Medicis Pharmaceutical Corporation Founder Former
NYSE Group, Inc. Former
Schering-Plough Corporation Former
The World Craniofacial Foundation Board of Directors Current
Columbia University College of Physicians and Surgeons Doctorate of Humane Letters Former
Colgate University Undergraduate Degree Former
The University of Arizona Fellow Former

Organization Position Status
SciClone Pharmaceuticals, Inc. President Current
Medicis Pharmaceutical Corporation Chief Medical Officer Current
Medicis Pharmaceutical Corporation Senior Vice President of Research and Development Current
SciClone Pharmaceuticals, Inc. Board of Directors Current
SciClone Pharmaceuticals, Inc. Chief Executive Officer Former
Northwestern University School of Medicine Assistant Professor Former
Northwestern University Internship Former
Astellas Pharma Inc. Former
The Johns Hopkins University Former
McNeese State University M.D. Degree Former
Temple University B.A. Former
Johns Hopkins University School of Medicine Former

Organization Position Status
Medicis Pharmaceutical Corporation Cfo, Treasurer & Executive Vice President Current

Mark A. Prygocki has served as Chief Operating Officer since April 2008, and as Executive Vice President since January 2001. Mr. Prygocki joined Medicis in 1991 and was appointed to the position of Chief Financial Officer, Treasurer and Corporate Secretary in May 1995. From October 1991 to May 1995, he served as Controller. From July 1990 through October 1991, he was employed by Citigroup, an investment banking firm, in the regulatory reporting division. Prior to that, Mr. Prygocki spent several years in the audit department of Ernst & Young, LLP. Mr. Prygocki is a member of the Financial Executive Institute, and is certified by the Arizona State Board of Accountancy and the New York Society of CPAs. Mr. Prygocki serves on the Boards of Whispering Hope Ranch Foundation and Visions of Hope, Inc., non-profit organizations that assist children with special needs.

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President & Chief Operating Officer Current
Visions, Inc. Board of Directors Current
Ernst & Young Former

Mitchell S. Wortzman, Ph.D. has served as Chief Scientific Officer and as an Executive Vice President of the Company since July 2003. Prior to that, he served as Executive Vice President, Research and Development of the Company from January 2001 to July 2003 and as Senior Vice President, Research and Development of the Company from August 1997 to January 2001. From 1980 to 1997, Dr. Wortzman was employed at Neutrogena Corporation, most recently serving as President of the Dermatologics Division since 1989.

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President, R & D & Chief Scientific Officer Current
Neutrogena Corporation President Former

Richard D. Peterson has served as Executive Vice President, Chief Financial Officer and Treasurer since April 2008. Mr. Peterson also serves as Chief Accounting Officer. Mr. Peterson has held various finance related positions with Medicis since 1995. From February 2007 to April 2008, Mr. Peterson served as Senior Vice President of Finance. From August 2002 to February 2007, he served as Vice President of Finance. Prior to joining Medicis, Mr. Peterson was employed by PricewaterhouseCoopers as a member of the audit department. Mr. Peterson is a member of the Financial Executives Institute and serves on the board of the Phoenix Zoo, a non-profit organization.

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President, Chief Financial Officer and Treasurer Current
The Phoenix Zoo Board of Directors Current
Medicis Pharmaceutical Corporation Senior Vice President, Finance Former

Jason Hanson has served as Executive Vice-President, General Counsel, and Corporate Secretary since July, 2006. From April 2004 to July 2006, Mr. Hanson served as General Counsel for GE Healthcare Technologies, a global business specializing in medical imaging, information technology and other durable medical equipment and services, where he was responsible for the global legal affairs of GE Healthcare Technologies and a member of the company’s senior management team. From 2001 to 2004, Jason served as General Counsel for the Americas, GE Medical Systems. Mr. Hanson joined GE in 1999 serving as Senior Counsel for Litigation and Compliance for GE Medical Systems. Mr. Hanson began his legal career with Arnold & Porter in Washington, D.C. concentrating his practice in litigation, intellectual property and commercial disputes. From 1997 to 1999, Jason served with the United States Department of Justice, Antitrust Division in Washington D.C. as a prosecutor and trial attorney in what is now known as the National Criminal Enforcement Section. Mr. Hanson earned his law degree at Duke University, where he was an editor of the law review, and earned his undergraduate degree in Economics from Cornell University.

Organization Position Status
Medicis Pharmaceutical Corporation General Counsel, Secretary & Executive Vice President Current
GE Healthcare Technologies General Counsel Former
Compliance LLC. Senior Counsel Former
Arnold & Porter Llp Former
Duke University Law Degree Former
Cornell University Undergraduate Degree In Economics Former
Duke University Degree Former

Joseph P. Cooper has served as Executive Vice President, Corporate and Product Development since July 2006. From January 2001 to July 2006, Mr. Cooper served as Executive Vice President, Corporate Development. From February 1996 to January 2001, Mr. Cooper served as Senior Vice President, Manufacturing and Distribution. Prior to that, he held management positions with Schein Pharmaceuticals, Inc. and G.D. Searle. Mr. Cooper serves on the Board of Directors for the Southwest Autism Research and Resource Center, and serves as past Chairman of the Board of Directors for Communities in Schools of Arizona.

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President, Corp & Prod Dev Current
Communities Chairman of The Board of Directors Former

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President,Corp & Product Development Current

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President, Sales & Marketing Current

Vincent Ippolito has served as Executive Vice President, Sales and Marketing since April 2008. Mr. Ippolito joined Medicis in 2003 and most recently served as Senior Vice President of North American Sales since January 2006. From January 2003 to January 2006, he served as General Manager of Dermatology products, responsible for the marketing and sales functions. During his tenure at Medicis, he has helped launch more than ten new products, including LOPROX® Shampoo, VANOS®, RESTYLANE®, PERLANE®, SOLODYN®, and ZIANA®. Prior to joining Medicis, Mr. Ippolito was employed by Novartis AG from 1986 to 2003, where he served in a variety of sales and marketing roles, including General Manager, Marketing Group Brand Leader for Dermatology and Bone Products, and Vice President of Sales in the Respiratory and Dermatology Division.

Organization Position Status
Medicis Pharmaceutical Corporation Executive Vice President, Sales and Marketing Current
Medicis Pharmaceutical Corporation Senior Vice President, North American Sales Former
Dermatologyproducts.Com General Manager Former
Novartis AG Former

Organization Position Status
Medicis Pharmaceutical Corporation Executive Director, Investor Relations & Corporate Communications Current
Medicis Pharmaceutical Corporation Manager, Investor Relations Former

Mr. Knight has been a Director of the Company since June 2000. Mr. Knight has been President of Generation Investment Management US, a London-based asset management company, since August 2004. From 2001-2003, he was a Managing Director of MetWest Financial. Prior to that, Mr. Knight s business experience included serving as general counsel of Medicis Pharmaceutical and a practicing attorney. Mr. Knight s experience also includes serving as chief of staff to Al Gore when Mr. Gore was a member of the U.S. House of Representatives and later the U.S. Senate and holding senior positions with four presidential campaigns, including serving as campaign manager for the successful 1996 re-election of President Clinton. Mr. Knight currently serves as a director of Medicis Pharmaceutical Corp. and Par Pharmaceuticals. He is also a director of Schroders mutual fund and hedge fund family, a member of the Cornell University College of Arts and Sciences Advisory Council, and the Johnson Schools Center for Sustainable Global Enterprise.

Organization Position Status
Generation Investment Management U.S. Llp President Current
Par Pharmaceutical Companies, Inc. President, Generation Investment Management--US Current
Knight, Moore Chief, Pilot Electronic Media Center Current
Knight, Moore Co-Founder Current
Medicis Pharmaceutical Corporation Partner Current
Schroders Limited Director of Schroders' Mutual Fund Current
Hellerstein & Associates Associate Current
E-Government, The Journal Current
Medicis Pharmaceutical Corporation Director Current
Cornell University Council Board of Directors Current
Pharmaceutical Resources Corporation Director Current
EntreMed, Inc. Board of Directors Current
Par Pharmaceutical Companies, Inc. Director Current
The World Bank Chief of the Electronic Media Center Former
Generation Investment Management U.S. Llp Co-Founder Former
Medicis Pharmaceutical Corporation General Counsel Former
Par Pharmaceutical Companies, Inc. Generation Investment Management Former
Ford Foundation Former
Georgetown University J.D. Degree Former
Stanford University Ph.D. In Economics Former
Georgetown University Law Center J.D. Degree Former
Cornell University B.A. Degree Former
Dartmouth College Degrees In Government Former
Eco-Nomics, Inc. Degrees In Government Former
University of Oxford Degrees In Politics, Philosophy and Economics Former
Limited Government Degrees In Politics, Philosophy and Economics Former
Philosophy Inc. Degrees In Government Former
The Politics Degrees In Government Former
US House of Representatives Member Former

Organization Position Status
Gen American Investors Company, Inc. Managing Member, Delta Opportunity Fund, Ltd., Director Current
Microbes Current
Presidential Forum On Renewable Energy Co-Chair Current
Medrium, Inc Chairman Current
Soliloquy, Inc. Chairman of the Board Current
Diversified Natural Products, Inc. Board of Directors Current
Medicis Pharmaceutical Corporation Board of Directors Current
The Overbrook Foundation Director Current
Gen American Investors Company, Inc. Board of Directors Current
Goldman, Sachs & Co. Former
Columbia University B.Sc. In Computer Science Former

Organization Position Status
HarVest Bank of Maryland President & Chief Executive Officer Current
Medicis Pharmaceutical Corporation board member Current
Baltimore Symphony Orchestra board member Current
HarVest Bank of Maryland Vice Chairman Current
EntreMed, Inc. founder Former
The University of California, San Francisco PhD Former
The University of Alabama BS Former
Cytimmune Sciences, Inc. member Former

Lottie H. Shackelford has been a director since July 1993. Ms. Shackelford has been Executive Vice President of Global USA, Inc., a government relations firm, since April 1994, and has been Vice Chair of the Democratic National Committee since February 1989. Ms. Shackelford was Executive Vice President of U.S. Strategies, Inc., a government relations firm, from April 1993 to April 1994. She was also Co-Director of Intergovernmental Affairs for the Clinton/Gore presidential transition team between November 1992 and March 1993; Deputy Campaign Manager of Clinton for President from February 1992 to November 1992; and Executive Director, Arkansas Regional Minority Purchasing Council, from February 1982 to January 1992. In addition, Ms. Shackelford has served in various local government positions, including Mayor of Little Rock, Arkansas. She also is a former director of Philander Smith College, the Chapman Funds in Baltimore, Maryland, and the Overseas Private Investment Corporation.

Organization Position Status
Global USA Inc. Executive Vice President Current
Southern Regional Council Board of Directors Current
The Future Pac Board of Directors Current
Democracy Bonds Vice Chair Current
Medicis Pharmaceutical Corporation Board of Directors Current
Delta Sigma Theta Sorority, Inc. Board of Directors Current
College Democrats Vice Chair Current
Dnc Services Corporation Vice Chair Current
Com Links LLC Board of Directors Current
Southern Regional Council Member Current
Com Links LLC Member Current
Maryland.Com Director Former
Overseas Private Investment Corporation Director Former

Michael A. Pietrangelo has been a director since October 1990. Admitted to the bar in New York, Tennessee and the District of Columbia, he was an attorney with the Federal Trade Commission and later for Pfizer, Inc., from 1967 to 1972. Mr. Pietrangelo then joined Schering-Plough Corporation in Memphis, Tennessee in 1972, first as Legal Director and as Associate General Counsel. During that time, he was also appointed Visiting Professor of Law by the University of Tennessee and University of Mississippi School of Pharmacy. In 1980, Mr. Pietrangelo left corporate law and focused on consumer products management, serving in a variety of executive positions at Schering-Plough Corporation prior to being named President of the Personal Care Products Group in 1985. In 1989, he was asked to join Western Publishing Group as President and Chief Operating Officer. From 1990 to 1994, Mr. Pietrangelo was the President and Chief Executive Officer of CLEO, Inc., a Memphis-based subsidiary of Gibson Greetings, Inc., a manufacturer of specialized paper products. In 1994, he accepted a position as President of Johnson Products Company, a subsidiary of IVAX Corporation. He served in that capacity until February 1998, when he returned to the practice of law with Pietrangelo Cook PLC, based in Memphis, Tennessee.

Organization Position Status
Medicis Pharmaceutical Corporation Board of Directors Current
American Parkinson Disease Association Board of Directors Current
Cleo, Inc. Chief Executive Officer Former
IVAX Corporation President Former
Johnson Products, Ltd President Former
Johnson Holdings Inc. President Former
Cleo, Inc. President Former
Schering-Plough Corporation Legal Director Former
Pfizer Inc. Attorney Former
Federal Trade Commission Attorney Former
Schering-Plough Corporation Associate General Counsel Former
The University of Tennessee Visiting Professor Former

Organization Position Status
The Schein Group President Current
Genelux Corporation President, the Schein Group, Pennsylvania Current
University of Oxford Visiting Professor Current
The Schein Group Visiting Professor Current
Sound Pharmaceuticals Current
US Bioscience Chairman Current
Pluristem Life Systems, Inc. Board of Directors Current
Medicis Board of Directors Current
Genelux Corporation Board of Directors Current
Medicis Pharmaceutical Corporation Board of Directors Current
Accelerate Progress Board of Directors Current
US Bioscience Chief Executive Officer Former
American Society of Clinical Oncology President Former
US Bioscience Founder Former
National Cancer Institute Head of the Clinical Pharmacology Section Former
Georgetown University School of Medicine Head of the Clinical Pharmacology Section Former
Upstate Medical University MD Former
Rutgers College Ab Degree Former

Spencer Davidson , age 66, has been our director since January 1999. Since 1994, Mr. Davidson has served as President, Chief Executive Officer and director, and since April of 2007 has served as Chairman, of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange. His background also includes a distinguished career on Wall Street with positions held at Brown Brothers Harriman; Beck, Mack & Oliver, investment counselors, where he served as General Partner; and Odyssey Partners, a private investment firm, where he served as Fund Manager. Additionally, Mr. Davidson currently serves as the General Partner of The Hudson Partnership, a private investment partnership, and serves as Trustee for both the Innisfree Foundation, Inc. of Millbrook, New York, and the Neurosciences Research Foundation, Inc. of San Diego, California. A graduate of City College and Columbia University, Mr. Davidson holds an M.B.A., a C.F.A. and a C.I.C.

Organization Position Status
The Hudson Partnership General Partner Current
Gen American Investors Company, Inc. Senior Investment Counselor Current
Medicis Pharmaceutical Corporation Director Current
Gen American Investors Company, Inc. Chairman, Board of Directors, President and Chief Executive Officer, Portfolio Manager Former
Medicis Pharmaceutical Corporation Chief Executive Officer Former
Gen American Investors Company, Inc. Chairman, President and Chief Executive Officer, Director Former
Medicis Pharmaceutical Corporation President Former
Columbia University M.B.A. Degree In Finance Former
City College Inc Former

Organization Position Status
National Medical Health Card Systems Inc Chief Financial Officer Current
Stuart Diamond Producer, Writer, Composer and Musician Current
Medicis Pharmaceutical Corporation Board Director Current
Fenway Partners, Inc. CFO Former
Medicis Pharmaceutical Corporation Cfo Former
Americas Region Chief Financial Officer Former
Ogilvy Healthworld Cfo Former
Stuart Diamond Chief Financial Officer Former
The Bates Group Chief Financial Officer Former
Medicis Pharmaceutical Corporation Senior Vice President Former
Calvin Klein, Inc. Vice President Former
Calvin Klein, Inc. Controller Former
Medicis Pharmaceutical Corporation Audit Committee Chairman Former
Fordham University MBA Former
Pace University MS Former
The State University of New York Bachelor of Science in Accounting Former
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     MRX $24.20 +0.08 (0.33% )
Average Volume 886,263
Shares Outstanding 59.48M
Market Cap 1.4B
Year High 25.98
Year Low 7.85
Earnings Per Share 0.44
P/E Ratio 55.00
Dividend 0.16
Yield 0.66
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