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  September 5, 2001
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Home > Company Index > Drugs > Biotechnology-Medicine > Alteon Inc.

Alteon Inc.
AMEX: ALT
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 NEWS FROM THE STANDARD
Slash and Burn at Nortel
Jun 15 2001 11:22 AM PDT

 PROFILE
Alteon is breaking the AGE barrier. The development-stage pharmaceutical company's drugs are designed to inhibit or block damage caused by advanced glycosylation end-products (AGE), which are the result of elevated levels of glucose. Its drug candidates, based on the compound pimagedine, treat such complications of diabetes as diabetic kidney disease and end-stage renal disease. Alteon seeks a partner to continue pimagedine's development for Type I diabetes. It is also testing ALT-711, which breaks protein crosslinks that may inhibit cardiovascular disease; the drug may also have other indications. The firm's development and marketing partners include Roche, Yamanouchi Pharmaceutical, and IDEXX Laboratories.

 COMPETITION
Amylin Pharmaceuticals, Inc. (AMLN)
CollaGenex Pharmaceuticals, Inc. (CGPI)

 DEALS
Deal: Alteon Allies with Sun and Intel
Date Announced: 10.12.00
Value of transaction (US $Mil): 0
Description: Three giants join Content Bridge alliance formed by Inktomi, Adero, others.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.60
1-Yr. Sales Growth: (60.3)%
Employees: 26
Revenue per employee: $23,076.92

 KEY PEOPLE
• Kenneth I. Moch
    CEO
• Elizabeth A. O'Dell
    CFO

 CONTACT INFO
170 Williams Dr.
Ramsey, NJ 07446
US
Phone: 201-934-5000
Fax: 201-934-8880
Online: Web Site

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