Covectra was founded by Dr. David Bear to develop serialization-based solutions for track & trace, as well as to combat drug abuse and diversion and counterfeiting.
The company launched its cloud-tested AuthentiTrack serialization database, AT Cloud, capable of serial number generation, management, and aggregation from unit dose up to pallet, with rework capability in the supply chain. Since the validation of that system, Covectra has processed over 3 billion serial numbers for global pharmaceutical and food/beverage brand owners.
Utilizing its domain expertise in prescription drug diversion and abuse, Covectra launched ControlTrack, the first serialization-based solution for tracking controlled substances from the point of sale to the patient, and providing the physician with tools to monitor the adherence of the patient.
Recognizing the need worldwide for more cost-effective packaging line serialization systems with greater functionality, Covectra launched its AuthentiTrack Enterprise system for complete serialization and track & trace. In addition to the pharmaceutical industry, the system is designed to be applied to the cosmetics, personal care, food/beverage, and tobacco industries.
StellaGuard is launched. It enables customers to authenticate a product using a smart device. This solution leverages benefit of a barcode and connects it with a three-dimensional visual reference to provide instant authentication with copy-detect protection.
Board of Directors
David Bear, MD., Founder, Chairman, and Chief Medical Officer
Dr. Bear exemplifies one of his favorite quotations, paraphrased from T.S. Eliot, “If you do not go too far, you will never know how far you can go.” David is a Professor of Psychiatry, Distinguished Fellow of the American Psychiatric Association; founder of four companies; and a patent holder for several medical and technology devices. He pioneered and developed the largest telepsychiatry program in the U.S. and is a consultant to a large narcotics treatment program. His professional passions include the prevention of opioid addiction; novel treatment of depression; restless legs syndrome; and impulsive compulsive disorders.
With Covectra since 2008, David was previously the Chair of Psychiatry at UMASS-Memorial Hospital in Worcester, MA and Professor of Psychiatry at the University of Massachusetts Medical Center. He attended Harvard University and Harvard Medical School, receiving an MD Magna cum Laude. The recipient of numerous awards and recognitions, Dr. Bear was named a Lifetime Distinguished Fellow by the American Psychiatric Association. David is married to Laurie Hammer, an MD and Psychiatrist. They have two sons, Daniel, a computational neuroscientist and Adam, a cognitive neuroscientist. David’s hobbies lean toward music and audio reproduction activities, although he has interests as well in philosophy and physics.
Steve Wood, President & CEO
Our President & CEO, Steve Wood celebrated eleven years with Covectra in 2020. His expertise is with general management in engineering-oriented companies and includes working with a variety of small businesses in automated packaging, recordable media production, and engineering services. He has also served as CEO of a drug development company. Prior to his career in business, Steve was with the U.S. Navy Submarine Force. Steve earned his Bachelor of Science degree at United States Naval Academy in Annapolis. He earned his MBA from Yale University and holds a Russian language degree from the Defense Language Institute. Steve was awarded a Navy Commendation Medal, Navy Achievement Medal, Meritorious Unit Commendation, and a Navy Unit Commendation. He has served on a number of boards, including the Eugene O’Neill Theater Center (Chairman), Lawrence & Memorial Hospital, and the Eastern Connecticut Symphony. He is, by his own admission, an outdoors guy with a love for running, biking, swimming, and boating. He and wife Gail have three children and seven grandchildren.
Ron Guido, Director, Healthcare Industry Consultant
Ron has had an illustrative career that spans more than 40 years of experience in various management positions including Global Brand Protection and Supply Chain Integrity, product marketing, new business development, IT and general management. Retired from Johnson & Johnson, Ron joined Covectra in 2013 where his expertise in marketing, business development, and supply chain integrity is of vital importance to our core products. He holds a Bachelor of Science degree in Industrial Engineering from Rutgers University and a Master of Science degree in Management Engineering from the New Jersey Institute of Engineering. He is an advisor, volunteer, and former Board of Directors member for Operation Smile, an international organization that helps children receive the life-changing surgery they need to repair a cleft lip or cleft palate. Ron has been recognized for his contributions to Import Safety by the Secretary of HHS in Washington, DC. He lives in Monmouth County, NJ and is married with two children and three grandchildren. Ron added, “I am grateful to my family, friends, and co-workers for their support during a long and enjoyable career in the healthcare industry.”
Gary Miloscia, Chief Financial Officer and Chief Marketing Officer
Gary has two very important roles at Covectra. While he is our CFO, responsible for all strategic business and financial planning and analysis, he also spearheads all marketing and product development activities. He joined Covectra in October of 2015, having been the Senior Director of Finance for Fidelity Investments and Vice President of Financial Strategy and Analysis at Health Dialog. Gary holds a Bachelor of Science in Finance from Rutgers University and an MBA in Finance from the Indiana University Kelley School of Business. His expertise includes process improvement, budgeting, and forecasting. In his leisure time, Gary enjoys cycling, running, golf, and coaching his sons’ sports teams.
Rich SmithVice President of Engineering
With a career of 36-plus years in packaging – ranging from package machinery design to packaging line implementation – Rich Smith has been primarily focused in the pharmaceutical industry creating effective solutions to difficult packaging problems. Rich provides insight to regulatory requirements and has expertise in the implementation of solid dose and liquid packaging line systems. He was instrumental in the integration of tamper evident packaging into Johnson & Johnson and other pharmaceutical companies. His team developed state-of-the-art prototype and production equipment for the disposable contact lens business that transformed the industry.
Formerly the co-founder and vice president of Luciano Packaging Technologies, Rich’s most recent accomplishments include the successful development of a revolutionary high-speed laser drilling technology for time-release tablets (which resulted in 100% increase in production among several benefits). In 2006, Rich joined Secure Symbology as Director of Engineering to address the growing number of counterfeit pharmaceutical products in the US. He assembled a team of engineers to develop a product to address the US ePedigree requirements for tracking and tracing pharmaceutical products through the supply chain.
Rich Smith joined Covectra in 2012 to continue with the implementation of serialization and product traceability across all industries. Educated at RETS Electronics Institute, Rich has a degree in Electronics and Communications Engineering. He is a member of the Institute of Packaging Professionals (IOPP) and the American Society of Mechanical Engineers (ASME). A frequent lecturer at packaging seminars and symposia, including Interphex, Secure Pharma, and the California and Nevada Boards of Pharmacy, Rich currently resides in Pennsylvania.
Ron Ducharme, Vice President of New Business
Ron will lead the marketing, sales and overall new business development worldwide for Covectra’s security barcode labeling solution as well as the growing number of product offerings in brand protection, serialization and track and trace. Ron brings his unique experience in the marketing and technical development of label materials and management of large-scale projects. Prior to joining Covectra, Ron worked for nearly 40 years at FLEXcon in a variety of technical, marketing and product management positions. He most recently was Market Development Manager for the FLEXcon’s durable and digital products and was instrumental in procuring three U. S. patents for its products. Ron holds a BSBA from Nichols College and an MBA from Suffolk University.
Terrence P. O’Neill, Director, New Product Development
With Covectra since 2011, Terry is responsible for creating long-term value for organizations by focusing on customers, markets, and relationships. His areas of expertise include risk evaluation, program management, and brand protection. Prior to joining Covectra, Terry was principal consultant with Blue Fin Group, a premier management and technology consulting firm focused on healthcare commerce. Before that, he was vice president and director at Global Security, State Street Bank. Raised and educated in Rochester, New York, Terry holds a Master of Business Administration degree from the Rochester Institute of Technology. In addition, he completed studies at the Xerox Executive MBA Program, the Aventis Business Leadership Program, and the Expatriate Leadership Program at State Street Bank. He is the recipient of the Xerox Best of the Best Award and the Pinkerton Regional Employee of the Year Award.
Abhijeet Bhandari, Director of Software Engineering
Abhijeet is our expert in Drug Supply Chain Security Act (DSCSA) Compliance, Electronic Product Code Information Services (EPCIS), and Software Development on Microsoft technologies stack. He holds a Bachelor of Engineering from RGPV University in Bhopal, MP, India and a Master of Science in Computer Science from the University of Mississippi. Prior to living and working in Massachusetts, Abhijeet was a software engineer in India at InfoBeans, Inc. He joined Covectra in 2011 and is an active member of Global Standards One (GS1) and DSCSA workgroups as well as the Healthcare Distribution Alliance (HDA). Abhijeet has been recognized by The Honor Society of Phi Kappa Phi for academic excellence and is also a member of Upsilon Pi Epsilon Honor Society in the computing and information disciplines.