BNET Industries

Market Cap:$18.6M
Last Fiscal Year Sales:$5.9M
  • Public
Dow Jones Description

NexMed is an innovative drug developer that is leveraging its proprietary NexACT drug delivery technology to produce a host of new medical treatments. NexMed's drugs address a variety of health conditions, such as nail fungus, sexual disorders and more. NexMed offers large pharmaceutical companies the opportunity to incorporate NexACT into their existing drugs, allowing these companies to save considerably on R&D costs while developing new patient-friendly transdermal products and extending patent lifespans and brand equity. NexMed has also made significant strides with its proprietary anti-fungal drug, NM10060. In September of 2005, the Company announced a partnership with Novartis International Pharmaceutical Ltd. for licensing and marketing NM10060. Other leading treatments under development include Alprox-TD for the treatment of erectile dysfunction, and Femprox, a topical cream cure for female sexual dysfunction. NexMed's drugs incorporate NexACT drug delivery technology which offers several competitive advantages in the treatment of various illnesses including: fast onset of action, patient friendly route of delivery, little or no side effects and improved clinical efficacy. The NexACT penetration enhancers are designed to be structurally similar to and biologically compatible with the skin structure, are non-toxic, biodegradable, and enable drug candidates to efficiently overcome the skin or mucosal membranes...

Chief Executive Officer
Richard J. Berman
Number of Employees 13
Contact Information

nexmed.com

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • NexMed To Buy Privately Held Bio-Quant; Shares Up - Update

    11/23/09 - Merger / Acquisition - View Story

  • NexMed and Novartis to terminate licensing agreement for anti-fungal product

    7/08/09 - Joint Venture / Alliance - View Story

News & Analysis

nexmed inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard J. Berman Chief Executive Officer
Vivian Liu Director, President & Chief Executive Officer
Hem Pandya Vice President & C.O.O.
Hemanshu Pandya COO
Mark Westgate Vice President & Chief Financial Officer
Warner Chilcott Partner
Daniel W. Frank Senior Director of Pharmaceutical Operations
Deborah Carty Assistant Director of Investor Relations
Linda Burns Director of Human Resources
William R Pfister Senior Director of Pre-Clinical Affairs
Paula Schwartz
William Wei
Arthur D. Emil Director

Board of Directors

Name (plus bio) Position
David S. Tierney Board Member
Leonard A. Oppenheim Board of Directors
Sami A. Hashim Board of Directors

Richard J. Berman was elected by the Board to serve as its non-executive Chairman in June 2007, having served as C.E.O. of the Company from January 2006-June 2007, and on the Board of Directors since 2002. Since 2001, Mr. Berman has served as a Director and/or Chairman of several public and private companies. Mr. Berman currently serves as Chairman of National Investment Managers, a public company in pension administration and investment management; Chairman of Candidate Resources, a private company delivering HR services over the web, and Chairman of Fortress Technology Systems (homeland security). Mr. Berman is a director of eight public companies: Dyadic International, Inc. (AMEX: DIL), Broadcaster, Inc. (OTC: BCSR.OB), Internet Commerce Corporation (Nasdaq: ICCA), MediaBay, Inc. (Nasdaq: MBAY), NexMed, Inc., National Investment Managers (OTC: NIVM.OB), Advaxis, Inc. (OTC: ADXS.OB), and NeoStem, Inc (OTC:NEOI.OB). He is a past Director of the Stern School of Business of NYU, where he obtained his BS and MBA. He has U.S. and foreign law degrees from Boston College and The Hague Academy of International Law, respectively.

Organization Position Status
NexMed, Inc. Chief Executive Officer Current
Morlex Inc Co CEO Current
EB2B Commerence, Inc Chairman and Chief Executive Officer Current
Dyadic International, Inc. Professional Director Current
MediaBay, Inc. Professional Director Current
Broadcaster, Inc. Professional Director Current
Gvi Security Solutions, Inc. Professional Director Current
Morlex Inc Co National Investment Managers Current
Internet Commerce Corporation Distributor Current
Bion Technologies, Inc All Executive Current
Turboproject Current
Bion Dairy Corporation Current
Morlex Inc Co Chairman Current
National Investment Managers, Inc. Chairman Current
Neostem, Inc. Chairman Current
Duncan Capital Partners LLC Chairman Current
Dyadic International, Inc. Chairman Current
Secure Fortress Plc Chairman Current
Superfly Advertising Executive Chairman Current
Broadcaster, Inc. Board of Directors Current
Int, Inc. Board of Directors Current
Advaxis, Inc. Director Current
Imsi Board of Directors Current
Gvi Security Solutions, Inc. Board of Directors Current
Hijaak Board of Directors Current
Internet Commerce Corporation C.E.O Former
NexMed, Inc. President & Chief Executive Former
Bankers Trust Company Inc. Senior Vice President Former
New York University past Director Former
NexMed, Inc. Professional Director Former
NexMed, Inc. Director Former
New York University Director Former
Dyadic International, Inc. Director Former
Neostem, Inc. Director Former
Boston College Law School J.D. Former
Boston College Degrees Former

Ms. Liu was appointed to serve as President and Chief Executive Officer of the Company in June 2007, at which time she was elected to the Board of Directors for a three-year term. Ms. Liu served as Executive Vice President and Chief Operating Officer from June 2006 to June 2007, and as Secretary since 1995. Ms. Liu served as our Vice President of Corporate Affairs from September 1995 until December 2005, Acting Chief Executive Officer from December 2005 until January 2006, Chief Financial Officer from January 2004 until December 2005, Acting Chief Financial Officer from 1999 to January 2004 and Treasurer from September 1995 through December 2005. In 1994, while the Company was in a transition period, she served as Chief Executive Officer. From 1985 to 1994, Ms. Liu was a business and investment advisor to the government of Québec and numerous Canadian companies with respect to product distribution, technology transfer and investment issues. Ms. Liu received her MPA in International Finance from the University of Southern California and her BA from the University of California, Berkeley.

Organization Position Status
NexMed, Inc. Director, President & Chief Executive Officer Current
NexMed, Inc. Board of Directors Current
NexMed, Inc. COO Former
NexMed, Inc. Executive Vice President Former
University of Southern California Masters In Finance Former
University of California, Berkeley BA Former

Mr. Pandya was appointed to the newly created position of Vice President and Chief Operating Officer in October 2007. Most recently, Mr. Pandya served as Chief Commercial Officer for Putney, Inc., a start-up veterinary pharmaceutical company. From August 2005 to December 2006, and prior to its merger with Watson Pharmaceuticals, Inc., Mr. Pandya was Senior Vice President of Business Development and Strategic Alliances for Andrx Pharmaceuticals, Inc., where he managed the licensing and co-development opportunities with strategic global partners. From August 2002 to August 2005, Mr. Pandya served as Vice President of Corporate Development and Commercial Operations for Able Laboratories, Inc. Prior to August 2002, Mr. Pandya served in various senior management positions with Ivax Pharmaceuticals, Inc. and Faulding/Purepac Pharmaceutical Company (subsequently Alpharma, Inc.). Mr. Pandya received his BA from Rutgers University.

Organization Position Status
NexMed, Inc. Vice President & C.O.O. Current
Putney Chief Commercial Officer Former
Able Laboratories, Inc. Vice President of Corporate Development and Commercial Operations Former
Rutgers University Bachelor's Degree Former

Organization Position Status
NexMed, Inc. COO Current

Mr. Westgate was named Vice President and C.F.O. in December 2005. Mr. Westgate served as Controller from 2002-2005. Prior to joining NexMed, Mr. Westgate was Controller and Director of Finance for Lavipharm Laboratories Inc. from 1998-2002. Mr. Westgate was also a supervisor at Richard A. Eisner & Company, LLP where he performed audits and provided tax advice for many clients in various industries including the biotech industry. Mr. Westgate is a Certified Public Accountant and a member of the New York State Society of Certified Public Accountants. Mr. Westgate holds a B.B.A. in public accounting from Pace University.

Organization Position Status
NexMed, Inc. Vice President & Chief Financial Officer Current
NexMed, Inc. Board of Directors Current
NexMed, Inc. Controller Former
Pace University B.B.A. In Public Accounting Former

Organization Position Status
NexMed, Inc. Partner Current

Senior Director of Pharmaceutical Operations January 2006-present. Director of Pharmaceutical Operations 1996-2005. Prior to that, Senior Research Scientist for Whitehall-Robins and Director of Manufacturing for Greenwich Pharmaceuticals. B.S. in Chemistry from St. Joseph's University in Philadelphia.

Organization Position Status
NexMed, Inc. Senior Director of Pharmaceutical Operations Current

Assistant Director of Investor and Public Relations since 2000. Regional Sales Manager with The Journal of Commerce, a division of The Economist Group 1995-2000. Various supervisory positions in Sales, Marketing and Contract Administration with The Journal of Commerce 1989-1995. B.A. degree from The State College of New Jersey with additional course credits from New York University.

Organization Position Status
NexMed, Inc. Assistant Director of Investor Relations Current
Journal of Commerce, Inc. Regional Sales Manager Former
Journal of Commerce, Inc. division of The Economist Group Former

Director of Human Resources since January 2004. Senior Human Resources Consultant with Merck & Company from 2002-2003. From 1991-2002, served as Director of Human Resources for Ivy Hill (A Time Warner Company), Dataram Corporation, and Ariel Corporation. M.S.I.L.R. from Cornell University/Baruch College; B.A. from Union College; Holds SPHR certification.

Organization Position Status
NexMed, Inc. Director of Human Resources Current

Senior Director of Pre-Clinical Affairs since 1999. Various Research & Development executive positions specializing in transdermal delivery systems with pharmaceutical companies that include Lavipharm and Pharmetrix. Ph.D. in Pharmacology and Toxicology from Purdue University School of Pharmacy and Pharmaceutical Sciences; author of over 95 scientific papers.

Organization Position Status
NexMed, Inc. Senior Director of Pre-Clinical Affairs Current

Organization Position Status
NexMed, Inc. Current

Organization Position Status
NexMed, Inc. Current
Rutgers University Adjunct Professor Former
Johnson & Johnson Former
Beijing University B.S. in Pharmacy Former

Arthur D. Emil, Esq. has serves as a director since April 15, 2005. Mr. Emil has been a practicing attorney in New York City for over fifty years, including with Kramer Levin Naftalis & Frankel, from 1994 to 2003 and with Jones Day Reavis & Pogue prior to that. In 2003, Mr. Emil joined Cohen Tauber Spievack & Wagner LLP. Mr. Emil is a principal owner and Chairman of Night Sky Holdings LLC, a company which owns several restaurants now operating in the New York area, which included Windows on the World, and operated the Rainbow Room from 1986 until December 1998. Mr. Emil is the founding principal and shareholder of two real estate development firms with commercial, residential and mixed-use properties in Connecticut and New York. Mr. Emil is a director of NexMed, Inc. Mr. Emil has also served as a director of other publicly held corporations including some in the financial services sector. Mr. Emil has served as trustee for various non-profit organizations including The American Federation of Arts and the Montefiore Medical Center. Mr. Emil received his LLB from Columbia University.

Organization Position Status
National Investment Managers, Inc. Director Current
NexMed, Inc. Director Current
Columbia University Llb Former

David S. Tierney, M.D. has served as a member of our board of directors since October 2002. Dr. Tierney has served as the president and chief executive officer of Valera Pharmaceuticals, Inc. a specialty pharmaceutical company, since 2000 and has served as a director since 2001. From January 2000 to August 2000, Dr. Tierney served as President of Biovail Technologies, a division of Biovail Corporation, a Canadian drug delivery company, where he was responsible for all of Biovail's research and development, regulatory and clinical activities. From March 1997 to January 2000, Dr. Tierney was Senior Vice President of Drug Development at Roberts Pharmaceutical Corporation, where he was responsible for all research and development activities, and for drug development, medical affairs, worldwide regulatory affairs and chemical process development, as well as being part of the executive management team. From December 1989 to March 1997, Dr. Tierney was employed by lan Corporation, a pharmaceutical company, in a variety of management positions. Dr. Tierney received his medical degree from the Royal College of Surgeons in Dublin, Ireland and was subsequently trained in internal medicine.

Organization Position Status
Oceana Therapeutics, Inc. President Current
Oceana Therapeutics, Inc. Chief Operating Officer Current
Oceana Therapeutics, Inc. Board of Directors Current
NexMed, Inc. Board Member Current
Catalyst Pharmaceutical Partners, Inc. Board of Directors Current
Indevus Pharmaceuticals, Inc. - NJ Board of Directors Current
Bioject Medical Technologies Inc. Board of Directors Current
Catalyst Pharmaceutical Partners, Inc. Member Current
Endo Pharmaceuticals Solutions Inc. Chief Executive Officer Former
Hms Chief Executive Officer Former
Indevus Pharmaceuticals, Inc. - NJ Chief Executive Officer Former
Biovail Corporation President Former
Hms President Former
Endo Pharmaceuticals Solutions Inc. President Former
Biovail Technologies Ltd. President Former
Indevus Pharmaceuticals, Inc. - NJ President Former
Elan Corporation, PLC Director of Medical Affairs Former
Elan Corporation, PLC Head of Worldwide Clinical Research Former
Elan & Co Llp Former

Array

Organization Position Status
NexMed, Inc. Board of Directors Current
Faxon Research Inc Partner Former
Montgomery Securities Former
New York University School of Law Former

Organization Position Status
NexMed, Inc. Board of Directors Current

Executive News

  • NexMed and Novartis to terminate licensing agreement for anti-fungal product

    TradingMarkets - 7/08/09 - View Story

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NEXM $0.196 +0.026 (15.29% )
Volume 5,341,816
Shares Outstanding 95.2M
Market Cap 18.6M
Year High 0.54
Year Low 0.045
Earnings Per Share -0.040
P/E Ratio N/A
Dividend 0.00
Yield 0.00
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