BNET Industries

Market Cap:$129.8M
Last Fiscal Year Sales:$67.6M
  • Public
  • US
Dow Jones Description

General . We are a biopharmaceutical company focusing on the development and commercialization of innovative therapeutic products to treat the unmet medical needs of patients with debilitating conditions and life-threatening diseases. Our principal programs are directed toward supportive care, virology and oncology. Progenics commenced principal operations in 1988, became publicly traded in 1997 and throughout has been engaged primarily in research and development efforts, developing manufacturing capabilities, establishing corporate collaborations and raising capital. We have only recently begun to derive revenue from a commercial product. In order to commercialize the principal products that we have under development, we continue to address a number of technological and clinical challenges and comply with comprehensive U.S. and non-U.S. regulatory requirements. We expect to incur additional operating losses in the future, which could increase significantly as we expand our clinical trial programs and other product development efforts.

Chief Executive Officer
Paul J. Maddon
Number of Employees 244
Contact Information

777 Old Saw Mill River Rd

Tarrytown, New York 10591-6717

progenics.com

(914) 789-2800

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Progenics Announces Third Quarter 2009 Financial Results

    11/09/09 - Financial Announcement - View Story

  • Progenics Regains Global Rights To Relistor From Wyeth - Update

    10/14/09 - Product Announcement - View Story

  • Progenics Pharma PGNX Regains RELISTOR Rights from Wyeth WYE

    10/14/09 - Licensing / Contract - View Story

  • Progenics regains rights to Relistor from Wyeth

    10/14/09 - Joint Venture / Alliance - View Story

  • Progenics Pharmaceuticals, Inc. PGNX Regains Rights to Relistor from Wyeth WYE JOBS; Progenics to Receive...

    10/15/09 - Joint Venture / Alliance - View Story

  • Progenics Announces Promotion of Mark R. Baker to President and

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

  • Progenics promotes Baker to president

    9/16/09 - Mgmt. Change Entering - President - View Story

  • Progenics Announces Second Quarter 2009 Financial Results

    8/06/09 - Financial Announcement - View Story

  • Progenics Announces Initiation of RELISTOR Clinical Trials in Japan by Ono Pharmaceutical

    6/08/09 - Joint Venture / Alliance - View Story

  • Progenics Provides Update on Hepatitis C Program

    6/10/09 - Joint Venture / Alliance - View Story

News & Analysis

progenics pharmaceuticals inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Paul J. Maddon Chief Executive Officer
Mark F. Dalton President
Robert A. McKinney Senior Vice President, Finance and Operations & Chief Financial Officer and Treasurer
Benedict Osorio Senior Vice President, Quality
Mark R. Baker Senior Vice President & General Counsel and Secretary
Nitya G. Ray Senior Vice President, Manufacturing
Robert J. Israel Senior Vice President, Medical Affairs
Thomas A. Boyd Senior Vice President, Product Dev
William Olson Senior Vice President, Research and Development
Alton B. Kremer Vice President, Clinical Research
Ann Marie Assumma Vice President, Regulatory Affairs
Lynn M. Bodarky Vice President, Business Dev & Licensing
Philip K. Yachmetz Vice President, General Counsel
Richard W. Krawiec Vice President, Corporate Affairs
Tage Ramakrishna Vice President, Clinical Research
Walter M. Capone Vice President Commercial Development and Operations
William C. Olsorio Vice President, Quality
Robin A Weiss Professor and Director of Research, Icr, Royal Cancer Hospital
Dennis R Burton Professor, the Scripps Research Institute
Jonathan Moss Professor, Anesthesia and Critical Care
Manoj K Garg
Samuel J Danishefsky Kettering Professor and Head, Bioorganic Chemistry, Sloan, Kettering Institute
Charles A. Baker Director
Mark D. Dalton Director

Board of Directors

Name (plus bio) Position
David Scheinberg Vincent Astor Chair and Chairman, Molecular Pharmacology and Chemistry Program, Sloan, Kettering
Kurt W. Briner Chairman
Nicole S. Williams Chairperson
Paul F. Jacobson Co-Chairman of the Board
Alan N Houghton Board of Directors
Chun-Su Yuan Board of Directors
David B Agus Board of Directors
John Mendelsohn Board of Directors
Lawrence A Chasin Board of Directors
Leonard Chess Board of Directors
Peter J. Crowley Board of Directors
Philip O Livingston Board of Directors
Scott M Hammer Board of Directors
Sherie L Morrison Board of Directors
Stephen P Goff Board of Directors
Thomas P Sakmar Board of Directors
Warren D W Heston Board of Directors
Wayne A Hendrickson Board of Directors

Organization Position Status
Progenics Pharmaceuticals, Inc. Chief Executive Officer Current
Progenics Pharmaceuticals, Inc. Founder Current
Progenics Corp Limited Chairman of the Board of Directors Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Progenics Corp Limited Founder, Chief Executive Officer and Chief Science Officer Former
Progenics Corp Limited Chief Executive Officer, President Former
Progenics Corp Limited Chief Science Officer Former
Columbia University Adjunct Assistant Professor Former
Columbia University M.D. Former
Columbia University B.A. In Biochemistry Former

Mark F. Dalton has been the President and a director of Tudor Investment Corporation, an investment advisory company, and its affiliates since 1988, and has been the President and Vice Chairman of such companies since 2005. From 1979 to 1988, he served in various senior management positions at Kidder, Peabody & Co. Incorporated, including Chief Financial Officer. Mr. Dalton is currently a director of several private companies. Mr. Dalton received a B.A. from Denison University and a J.D. from Vanderbilt University Law School.

Organization Position Status
Tudor Investment Corporation President Current
Progenics Pharmaceuticals, Inc. President Current
Vanderbilt University Trustee Current
Denison University Chairman, Board of Trustees Current
The Buoniconti Fund to Cure Paralysis Board of Directors Current
Progenics Corp Limited Board of Directors Current
Tudor Investment Corporation Board of Directors Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Kidder, Peabody & Co. Chief Financial Officer Former
Sullivan & Cromwell LLP Attorney Former
Telluride Foundation, Inc Co-Chairman Former
Vanderbilt University Law School J.D. Former
Denison University B.A. Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President, Finance and Operations & Chief Financial Officer and Treasurer Current
PricewaterhouseCoopers audit supervisor Former
Progenics Pharmaceuticals, Inc. Board of Directors Former
Western Connecticut State University B.B.A. In Accounting Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President, Quality Current
Progenics Corp Limited Vice President Current
Progenics Pharmaceuticals, Inc. Vice President, Quality Former
Good Manufacturing Practices Inc Senior Director Former
The P.F. Laboratories Inc. Former
Forest Laboratories, Inc. Former
Seton Hall University Masters of Science In Chemistry Former
John Jay College of Criminal Justice Bachelor of Science In Forensic Science Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President & General Counsel and Secretary Current
Progenics Corp Limited Senior Vice President & General Counsel Current
Progenics Pharmaceuticals, Inc. General Counsel Current
ContiGroup Companies, Inc. Chief Business Officer Former
ContiGroup Companies, Inc. Executive Vice President Former
Capital Markets Group, Inc Partner Former
Dewey & LeBoeuf LLP Corporate Lawyer Former
Capital Markets Group, Inc Co-Chairman Former
ContiGroup Companies, Inc. Secretary Former
Columbia University Law School J.D. Former
Columbia University J.D. Former
Columbia College A.B. Degree Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President, Manufacturing Current
Progenics Corp Limited Vice President, Manufacturing Current
Progenics Pharmaceuticals, Inc. Vice President, Manufacturing Former
Progenics Corp Limited Senior Director Former
Ortec International, Inc. Director of Bioprocess Development Former
Gmp Manufacturing Co., Inc Former
Process Development Corporation Former
Progenics Corp Limited Director Former
Rutgers University Ph.D. In Chemical & Biochemical Engineering Former
Rutgers University M.S. Former
Jadavpur University B.S. In Chemical Engineering Former

Robert J. Israel, M.D. joined us as Vice President, Medical Affairs in October 1994 and was promoted to Senior Vice President, Medical Affairs in 2002. From 1991 to 1994, Dr. Israel was Director, Clinical Research-Oncology and Immunohematology at Sandoz Pharmaceuticals Corporation. From 1988 to 1991, he was Associate Director, Oncology Clinical Research at Schering-Plough Corporation. Dr. Israel is a licensed physician and is board certified in both internal medicine and medical oncology. He received a B.A. in physics from Rutgers University and an M.D. from the University of Pennsylvania and completed an oncology fellowship at Sloan-Kettering. Dr. Israel has been a consultant to the Solid Tumor Service at Sloan-Kettering.

Organization Position Status
Progenics Corp Limited Senior Vice President, Medical Affairs Current
Progenics Pharmaceuticals, Inc. Senior Vice President, Medical Affairs Current
Schering-Plough Corporation Board of Directors Former
Sandoz Pharmaceuticals Corporation Director Former
University of Pennsylvania M.D. Former
Rutgers University B.A. In Physics Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President, Product Dev Current
Progenics Pharmaceuticals, Inc. Senior Director, Project Management Current
Brown University Ph.D. Former
Cornell University A.B. degree Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Senior Vice President, Research and Development Current
Dakota Dental Associates PC Current
American Dental Association Board of Directors Current
American Dental Association Member Current
Progenics Pharmaceuticals, Inc. Vice President, Research & Development Current
Massachusetts Institute of Technology Ph.D. Former
University of North Dakota B.S. Former
University of Minnesota School of Dentistry Former

Alton B. Kremer, M.D., Ph.D. joined us in October 2004 as Vice President, Clinical Research. From 2000 until joining us in 2004, Dr. Kremer served as Executive Medical Director and directed opioid clinical research programs at Purdue Pharma. From 1994 to 2000, Dr. Kremer was at Janssen Pharmaceutica of the Johnson & Johnson family of companies, where he held several positions, the most recent of which was Senior Director, Clinical Research. Previously, Dr. Kremer held positions with Applied Immune Sciences and G.D. Searle & Co. He earned his M.D. and Ph.D. in Biochemistry at Case Western Reserve University and holds a B.A. degree in Biology and Chemistry from Wesleyan University.

Organization Position Status
Progenics Corp Limited Vice President, Clinical Research Current
Progenics Pharmaceuticals, Inc. Vice President, Clinical Research Current
Johnson & Johnson Former
Janssen Pharmaceutica Former
Case Western Reserve University Ph.D. In Biochemistry Former
Wesleyan University B.A. Degree In Biology and Chemistry Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Vice President, Regulatory Affairs Current
New York Medical College M.S. In Pharmacology Former
Fordham University B.S. In Biology Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Vice President, Business Dev & Licensing Current
Pharmacia Corporation Senior Director, Global Licensing Former
Deloitte Touche Tohmatsu auditor Former
Columbia Business School M.B.A. in finance and international business Former
Wharton Graduate School of the University of Pennsylvania B.S. in accounting Former

Organization Position Status
Savient Pharmaceuticals, Inc. Chief Business Officer & Executive Vice President Current
Savient Pharmaceuticals, Inc. Senior Vice President, General Counsel and Secretary Current
Progenics Pharmaceuticals, Inc. Vice President, General Counsel Current
Progenics Pharmaceuticals, Inc. Secretary Current
Cytotherapeutics, Inc. Senior Vice President, Business Development Former
Cytotherapeutics, Inc. General Counsel Former
Savient Pharmaceuticals, Inc. General Counsel Former
Hoffmann-La Roche Inc. Former
StemCells, Inc. Secretary Former
Savient Pharmaceuticals, Inc. Secretary Former
Cytotherapeutics, Inc. Secretary Former

Richard W. Krawiec, Ph.D. joined us in February 2001 as Vice President, Investor Relations and Corporate Communications and became Vice President, Corporate Affairs in February 2006. Prior to joining Progenics, Dr. Krawiec served as Vice President of Investor Relations and Corporate Communications of Cytogen Corporation from 2000 to 2001. Prior to Cytogen, Dr. Krawiec headed these departments at La Jolla Pharmaceuticals, Inc. during 1999, at Amylin Pharmaceuticals, Inc. from 1993 to 1998 and IDEC Pharmaceuticals, Inc. previously thereto. Previously, Dr. Krawiec was the founder and Editor-In-Chief of Biotechnology Week magazine and the Managing Editor and founder of Biotechnology Newswatch. Dr. Krawiec received a B.S. in Biology from Boston University and a Ph.D. in Biological Sciences from the University of Rhode Island.

Organization Position Status
Progenics Corp Limited Vice President, Corporate Affairs Current
Progenics Pharmaceuticals, Inc. Vice President, Corporate Affairs Current
Cytogen Corporation Vice President of Investor Relations and Corporate Communications Former
University of Rhode Island Ph.D. In Biological Sciences Former
Boston University B.S. In Biology Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Vice President, Clinical Research Current

Mr. Capone joined Trimeris in 2002, bringing 16 years of US and international commercial experience. Mr. Capone's previous leadership includes Vice President Marketing and Commercial Development at Triangle Pharmaceuticals, Inc. where his primary responsibility was for the commercial development of HIV, hepatitis B and cancer drug candidates. Previous to his experience at Triangle Pharmaceuticals, Mr. Capone served as the Director, Infectious Diseases and Immunology at Bristol Myers-Squibb where he led the international franchise of Antimicrobial, Antiviral, and Immunological drugs. Mr. Capone also held marketing and sales management positions in the US and the Netherlands for Lederle Pharmaceuticals, now part of Wyeth, Inc. Mr. Capone holds a BA in International Relations from Brown University and an MBA from Columbia University.

Organization Position Status
Trimeris, Inc. Senior Vice President, Commercial Operations Current
Progenics Pharmaceuticals, Inc. Vice President Commercial Development and Operations Current
Progenics Corp Limited Vice President Commercial Development and Operations Current
Triangle Pharmaceuticals, Inc. Vice President of Marketing Former
Triangle Pharmaceuticals, Inc. Director Former
Columbia University Mba Former
Brown University Ba In International Relations Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Vice President, Quality Current

Organization Position Status
Progenics Pharmaceuticals, Inc. Professor and Director of Research, Icr, Royal Cancer Hospital Current
Progenics Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Progenics Pharmaceuticals, Inc. Professor, the Scripps Research Institute Current
Progenics Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Progenics Pharmaceuticals, Inc. Professor, Anesthesia and Critical Care Current
Progenics Pharmaceuticals, Inc. Board of Directors Current

Organization Position Status
Progenics Pharmaceuticals, Inc. Current

Organization Position Status
Progenics Pharmaceuticals, Inc. Kettering Professor and Head, Bioorganic Chemistry, Sloan, Kettering Institute Current
Progenics Pharmaceuticals, Inc. Board of Directors Current

Dr. Scheinberg is Chief of the Leukemia Service at Memorial Hospital and Member and Head of the Hematopoietic Cancer Immunochemistry Laboratory at Sloan-Kettering Institute. His work is focused on the discovery of new cancer immunotherapies, such as monoclonal antibodies and vaccines, and the testing of them in clinical trials in patients with cancer. Dr. Scheinberg holds an appointment as Chairman of the Department of Molecular Pharmacology and Therapeutics and as an Attending Physician in Department of Medicine at Cornell Medical College and is an advisor to several charitable foundations and companies developing new strategies for treatment of patients with cancer. He is a former Scholar of the Lucille P. Markey Charitable Trust and a translational investigator of the Leukemia Society of America. Dr. Scheinberg trained at the New York Hospital/Cornell University Medical Center in internal medicine and at Memorial Sloan-Kettering Cancer Center in medical oncology, before joining the staff at Sloan-Kettering in 1987. He received his M.D. and Ph.D. in pharmacology and experimental therapeutics from Johns Hopkins Medical School in 1983.

Organization Position Status
Memorial Hospital, Inc Chief of The Leukemia Service Current
Cornell Medical College Attending Physician Current
Thinkequity LLC. Current
Progenics Pharmaceuticals, Inc. Vincent Astor Chair and Chairman, Molecular Pharmacology and Chemistry Program, Sloan, Kettering Current
Cornell Medical College Chairman of The Department of Molecular Pharmacology and Therapeutics Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Progenics Corp Limited Board of Directors Current
Memorial Sloan-Kettering Cancer Center Inc. Former
Johns Hopkins University School of Medicine M.D. Former
Cornell University B.A. Former

Kurt W. Briner is the former President and Chief Executive Officer of Sanofi Pharma S.A. in Paris, France, a position he held from 1988 until his retirement in 2000, and he has nearly 32 years' experience in the pharmaceutical industry. Mr. Briner is currently also a director of Novo Nordisk Danmark and Galenica S.A., each a European-based pharmaceutical company. He attended Humanistisches Gymnasium in Basel and Ecole de Commerce in Basel and Lausanne.

Organization Position Status
Progenics Pharmaceuticals, Inc. Chairman Current
Om Pharma Board Member Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Galenica Ltd. Board of Directors Current
Novo Nordisk, Inc. member Former

Organization Position Status
Progenics Pharmaceuticals, Inc. Chairperson Current
Arryx Corporation Director Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Lake Forest Graduate School of Management Board of Directors Current
Orchid Cellmark, Inc. Board of Directors Current
APP Pharmaceuticals, Inc. President Former
SPSS Inc. Chief Financial Officer Former
APP Pharmaceuticals, Inc. Chief Financial Officer Former
APP Pharmaceuticals, Inc. Executive Vice President Former
SPSS Inc. Executive Vice President, Worldwide Operations Former
SPSS Inc. Director Former
University of Chicago MBA Former

Organization Position Status
Sandcherry, Inc. CEO and Chairman of Diversified Natural Products Current
Diversified Natural Products, Inc. Chief Executive Officer Current
Progenics Pharmaceuticals, Inc. Co-Chairman of the Board Current
Diversified Natural Products, Inc. Chairman Current
Deutsche Bank AG Managing Director Former
Goldman, Sachs & Co. Partner Former
Deutsche Bank AG partner Former
The Goldman Sachs Group, Inc. partner Former
Goldman, Sachs & Co. Co-Head of the Liquid Capital Markets Department Former
Washington University M.B.A. Former
Vanderbilt University B.A. Former

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

Organization Position Status
The Liposome Company, Inc. Chief Executive Officer Current
The Liposome Company, Inc. President Current
Regeneron Pharmaceuticals, Inc. Director Current
Progenics Corp Limited Board of Directors Current
Progenics Pharmaceuticals, Inc. Director Current
Squibb Corporation Group Vice President Former
Bristol-Myers Squibb Company Group Vice President Former
Progenics Pharmaceuticals, Inc. member Former
Pfizer Inc. Senior Executive Former
Abbott Laboratories Senior Executive Former
The Liposome Company, Inc. Chairman Former
Regeneron Pharmaceuticals, Inc. Chairman Former
Columbia University J.D. Former
Swarthmore College B.A. Former

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

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

Organization Position Status
Progenics Pharmaceuticals, Inc. Board of Directors Current
The University of Texas President Former
Progenics Pharmaceuticals, Inc. President, the University of Texas Former

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

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

Organization Position Status
Trimaran Capital Partners, LLC Managing Director Current
FreightCar America, Inc. Board of Directors Current
Progenics Pharmaceuticals, Inc. Director Current
AF4C, Inc Board of Directors Current
Accuride Corp. Director Current
Denison University Trustee Current
CIBC World Markets Inc. Managing Director in the Leveraged Finance Group Former
Kidder, Peabody & Co. Team Member Former
Merrill Lynch & Co., Inc. Team Member Former
Vanderbilt University Law School J.D. Former
Kellogg School of Management at Northwestern University M.B.A Former
Denison University B.A. Former
Wharton Graduate School of the University of Pennsylvania B.S Former

Organization Position Status
Bonita Bead Managing Director Current
Canadian Imperial Bank of Commerce Global Head Current
CIBC Oppenheimer Current
Cancer Research Institute Board of Directors Current
Manursing Island Club Board of Directors Current
Rye Country Day School Board of Directors Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Bonita Bead Board of Directors Current
The Glaucoma Foundation Board of Directors Current
The Health Care Group Board of Directors Former
Harvard University M.B.A. In Finance Former
Columbia University M.B.A. Former
Harvard University B.A. Former

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

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

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

Organization Position Status
Nanirx Therapeutics, Inc. Board of Directors Current
National Academy of Sciences Board of Directors Current
Progenics Corp Limited Board of Directors Current
Vironics, Inc Board of Directors Current
Progenics Pharmaceuticals, Inc. Board of Directors Current
Stanford University Ph.D. In Biochemistry Former
Amherst College A.B. In Biophysics Former

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

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

Organization Position Status
Progenics Pharmaceuticals, Inc. Board of Directors Current
Columbia University Professor of Biochemistry Former

Executive News

  • Progenics Announces First Quarter Financial Results

    Business Wire - 5/11/09 - View Story

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     PGNX $4.10 0.00 (0.00% )
Average Volume 150,308
Shares Outstanding 31.66M
Market Cap 129.8M
Year High 10.81
Year Low 3.53
Earnings Per Share -1.45
P/E Ratio -2.83
Dividend N/A
Yield N/A
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