BNET Industries

Last Fiscal Year Sales:$17.5M
  • Private
  • US
Dow Jones Description

Our goal is to make the use of existing medicines better, safer and more cost-effective by way of diagnostic tests that can identify the treatment needs of specific patient populations. Our business is based on the proprietary LNA technology. This technology offers unique advantages for life science researchers, drug developers and cancer treating physicians working towards personalizing treatment. We operate in three business areas: Exiqon Diagnostics is a leading provider of cellular based diagnostic tests for Extreme Drug Resistance . These tests are available for all major cancers and make it possible for physicians to decide whether a patient is resistant to one or more approved chemotherapies for specific cancers. In 2008, we announced the launch of our first new prognostic test based on a profile of small molecules in the cells named miRNA.This first test will help physicians predict whether stage II colon cancer patients are likely to suffer recurrence after surgery and therefore could benefit from adjuvant chemotherapy. We are developing a whole series of these new miRNA tests for high incidence cancers: lung, colorectal, ovarian and endometrial cancers. Exiqon Pharma Services is our business unit responsible for collaborations with pharmaceutical companies working at the forefront of personalized medicine. ...

Chief Executive Officer
Lars Kongsbak
Number of Employees 74
Contact Information

15501 Red Hill Ave

Tustin, California 92780

www.oncotech.co...

1 714 566 0420

NAICS Code Medical Laboratories: 621511

News & Analysis

oncotech inc. - All News and Analysis

  • In February, Exiqon A/S acquired Oncotech

    - 2008-05-31

    In February, Exiqon A/S acquired Oncotech, a US supplier of extreme drug resistance diagnostics tests for cancer, for $45 million.

    Tags: Oncotech Inc.

  • Danish biotech company Exiqon A/S acquires US company Oncotech Inc

    - 2008-01-21

    NORDIC BUSINESS REPORT-21 January 2008-Danish biotech company Exiqon A/S acquires US company Oncotech IncC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Danish biotech company Exiqon A/S said on Monday (21 January) that it has signed a firm agreement to acquire the US company Oncotech Inc. The agreement is based on terms...

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  • Danish biotech company Exiqon A/S acquires US company Oncotech Inc

    - 2007-11-27

    NORDIC BUSINESS REPORT-27 November 2007-Danish biotech company Exiqon A/S acquires US company Oncotech IncC1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish biotech company Exiqon A/S said on Tuesday (27 November) that it has agreed to acquire the US company Oncotech Inc. The purchase consideration amounts to approximately USD45m, and will...

    Tags: Oncotech Inc.

  • Oncotech Recruits Nobel Descendant

    - 2004-11-29

    Oncotech Inc. isn't your average medical testing company. Or your average drug maker, for that matter. The Tustin-based maker of cancer testing products and drug developer has attracted one of the biggest names in science: Nobel. Earlier this year, Tustin-based Oncotech added Dr. Michael Nobel, a descendant of Nobel Prize...

    Tags: Oncotech Inc.

  • Beckman Coulter and Oncotech Form Strategic Alliance To Develop Gene Technologies For Cancer Diagnosis

    - 2000-08-22

    Business Editors & Health/Medical Writers BIOWIRE2K FULLERTON, Calif.--BW HealthWire--Aug. 22, 2000 Beckman Coulter, Inc. (NYSE: BEC) and Oncotech, Inc. today announced formation of a strategic alliance to develop and commercialize gene expression technologies that can be used to diagnose cancer and determine the most appropriate treatment plan....

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Decision Makers

Name (plus bio) Position
Lars Kongsbak Chief Executive Officer
Erik Holmlin Chief Commercial Officer
Hans Henrik Chrois Christensen Chief Financial Officer
William Ricketts Vice President and Chief Scientific Officer
Eugene Mechetner Senior Director of Scientific and Clinical Trials
Hannah Mamuszka Director of Scientific & Pharmaceutical Alliances
Mai Gu Medical Director
Ricardo Parker Director of Research
Weidong Huang Medical Director
Hannah Neumeier Manager
Basel Kashlan
David W Smith Principal Research Scientist, R&D Division
Khalil Sheibani Pathologist
Allen Lay Director
B. Allen Lay Director

Board of Directors

Name (plus bio) Position
Christine Wheeler Board Certified Pathologist
Thorleif Krarup Chairman
Frank J Kiesner Board Member
Michael Nobel Board Member

Lars Kongsbak joined Exiqon in 2000 as head of the EURAY division, later of R&D and finally was in charge of Business Development, before he was appointed as CEO in 2003. Before joining Exiqon, Lars Kongsbak served as Senior Scientist with Novozymes, Novo Nordisk and Bioimage, respectively. For several years, Lars Kongsbak was a Post Doc in the United States, Australia and Denmark. Lars Kongsbak is the inventor of several patents and the author of more than 40 scientific publications. Lars earned his M.Sc. in Biology from the University of Copenhagen (1988) and his Ph.D. in Molecular Biology from the Technical University of Denmark (1990).

Organization Position Status
Oncotech, Inc. Chief Executive Officer Current
Exiqon, Inc Chief Executive Officer Current

Erik Holmlin joined Exiqon in July 2008 from BD Diagnostics, GeneOhm, where he held a number of executive positions within marketing, technology and strategy. Erik was one of the founders of GeneOhm which he formed in 2001 and sold to BD Diagnostics in 2006. Erik earned his Ph.D. degree in chemistry from the California Institute of Technology in Pasadena and held a postdoctoral position at Harvard University. Erik also holds an MBA degree from UC Berkeley.

Organization Position Status
Oncotech, Inc. Chief Commercial Officer Current
Exiqon, Inc Chief Commercial Officer Current

Hans Henrik Chrois Christensen joined Exiqon as CFO in January 2007 from a corresponding position with Pharmexa A/S. Hans Henrik Chrois Christensen has a background as a group general counsel with Danisco A/S (1998-2002) where he completed an in-house management training programme, and as an attorney at-law with the law firm Dragsted & Helmer Nielsen (now Bech-Bruun), Copenhagen. Hans Henrik earned his Master of Laws from the University of Copenhagen (1990) and became an authorized attorney-at-law in 1993 with a right to appear before the Danish High Court.

Organization Position Status
Oncotech, Inc. Chief Financial Officer Current
Exiqon, Inc Chief Financial Officer Current
University of Copenhagen Master of Laws Former

William Ricketts, Ph.D. is the Vice President and Chief Scientific Officer and is responsible for research, new product validation, pharmaceutical alliances and the continued development of molecular technology strategies. Dr. Ricketts received his Ph.D. from the University of California, San Diego and a B.A. in Biology from the University of Virginia. Prior to joining Oncotech Dr. Ricketts worked at Valeant Pharmaceuticals identifying and characterizing novel therapeutics for treating cancer as the project manager for a small molecule kinase inhibitor discovery program. In this role, he was involved in assay development, drug screening, SAR studies, PK studies, clinical trial development and market analysis for potential indications. Dr. Ricketts has been involved in kinase research for twenty years and has performed and published research on the role of adaptor proteins in signal transduction, kinase biology, cell cycle checkpoint controls, and glutathione metabolism.

Organization Position Status
Oncotech, Inc. Vice President and Chief Scientific Officer Current
Isis Pharmaceuticals, Inc. Former
University of California, San Diego Ph.D. Former
University of Virginia B.A. In Biology Former

Eugene Mechetner, Ph.D., joined Oncotech as Senior Director of Scientific, Clinical, and New Product Development. His general research interests are focused on the areas of experimental and clinical oncology, imaging, biotechnology, and immunology, with a specific emphasis on multiple drug resistance in normal and tumor cells and new methods of biomarker detection using monoclonal antibodies. Dr. Mechetner has authored over 60 peer-reviewed scientific publications and several US and international patents. He has over 12 years of extensive experience in a variety of industries, including biotechnology, drug development, bioreagents, and clinical laboratory testing. In addition to his responsibilities at Oncotech, Dr. Mechetner holds a position of Adjunct Associate Professor with the College of Medicine, University of California Irvine.

Organization Position Status
Oncotech, Inc. Senior Director of Scientific and Clinical Trials Current

Array

Organization Position Status
Oncotech, Inc. Director of Scientific & Pharmaceutical Alliances Current
Millennium Pharmaceuticals, Inc. Current
NCI, Inc. Current
Harvard University Ms Degree In Biology Former
University of Maryland BS Degree In Neurobiology and Physiology Former

Mai Gu is the Medical Director and a board-certified pathologist in both Anatomical/Clinical Pathology and Cytopathology. She received her M.D. from Beijing University School of Medicine and her Ph.D. in Pharmacology & Therapeutics from the University of Manitoba, Canada. Dr. Gu completed her residency training in Pathology from the Weill Medical College of Cornell University in New York and her fellowship training at the Memorial Sloan-Kettering Cancer Center in Oncologic Pathology and Cytopathology. Prior to Oncotech, Dr. Gu served as an Associate Professor of Clinical Pathology in the Department of Pathology & Laboratory Medicine at the University of California Irvine Medical Center. She has published studies involving the pathologic diagnosis of cancers of various organs, such as pancreas, liver, gastrointestinal tract, gynecologic systems, and head and neck. Dr. Gu is an active member of the United States & Canadian Academy of Pathology, American Society of Cytopathology and International Academy of Cytology. She currently has an appointment as the Associate Clinical Professor in the Department of Pathology & Laboratory Medicine at the University of California Irvine.

Organization Position Status
Oncotech, Inc. Medical Director Current
University of California, Irvine Associate Clinical Professor Current
Pathcare Consulting Current
American Society of Cytopathology Board of Directors Current
University of California, Irvine Member Current
Memorial Sloan-Kettering Cancer Center Inc. Former
University of Manitoba Ph.D. In Pharmacology & Therapeutics Former
Beijing University M.D. Former
University Corp. Ph.D. In Pharmacology & Therapeutics Former

Organization Position Status
Oncotech, Inc. Director of Research Current
Oncotech, Inc. Clinical Research Associate Current
American Association for Cancer Research, Inc. Board of Directors Current
American Association for Cancer Research, Inc. Active Member Current

Organization Position Status
Oncotech, Inc. Medical Director Current

Organization Position Status
Oncotech, Inc. Manager Current

Organization Position Status
Oncotech, Inc. Current
Hartford Hospital Former

Organization Position Status
Oncotech, Inc. Board Certified Pathologist Current
Oncotech, Inc. Board of Directors Current
University of California Assistant Clinical Professor Former
Blood Bank Board of Directors Former
Georgetown University M.D. Former

Owner, David W. Smith, is an Agricultural Engineering graduate from Texas A&M University. For more than 8 years, David served as Landscape Irrigation Specialist for the Texas Agricultural Extension Service (TAEX), and was an instructor for the TAMU School of Irrigation.

Organization Position Status
Texas Water Audits Owner Current
Oncotech, Inc. Principal Research Scientist, R&D Division Current
Association for Corporate Growth Member Current
Financial Forum, Inc. Member Current
Valeant Pharmaceuticals International Senior Research Scientist Former
Texas A&M University doctorate degree Former
Texas A&M University Bachelor of Business Administration Degree Former

Dr. Sheibani is a board-certified pathologist in the fields of immunopathology, clinical pathology and anatomic pathology. He completed his fellowship and pathology residency at the Cleveland Clinic Foundation and has served as Pathologist, Director of Hematopathology and Director of the Hematopathology Fellowship Training Program at the City of Hope National Medical Center. He currently holds an academic position as Clinical Professor of Pathology at the Department of Pathology, University of Southern California. Dr. Sheibani is also a pathologist at Western Medical Center in Santa Ana, California. A well-published and noted physician, he has authored and co-authored over 180 scientific publications, book chapters, monographs, and editorials.

Organization Position Status
Western Medical Center Pathologist Current
Oncotech, Inc. Pathologist Current

Organization Position Status
Oncotech, Inc. Chairman Current

Organization Position Status
Physical Optics Corporation Director Current
NPI Director Current
Oncotech, Inc. Director Current

B. ALLEN LAY has been a director of ViaSat since 1996. From 1983 to 2001, he was a General Partner of Southern California Ventures, a venture capital company. From 2001 to the present he has acted as a consultant to the venture capital industry. Mr. Lay is currently a director of Physical Optics Corporation, a privately-held optical systems company; Oncotech, Inc., a privately-held medical diagnostic company; NPI, LLC, a privately-held developer and supplier of proprietary and patentable ingredients for dietary supplements; Luminit, LLC, a privately-held light shaping film company; and Canley Lamps, LLC, a privately-held manufacturer of specialty light bulbs.

Organization Position Status
ViaSat, Inc. Director Current
Viasat Director Current
Oncotech, Inc. Director Current
Physical Optics Corporation Director Current
Link-16 and International Director Current
Southern California Ventures General Partner Former

Organization Position Status
Oncotech, Inc. Board Member Current
Oncotech, Inc. President and Chief Executive Officer Former

Organization Position Status
Oncotech, Inc. Board Member Current
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