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  September 5, 2001
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Home > Company Index > Drugs > Diagnostic Substances > Advanced Magnetics, Inc.

Advanced Magnetics, Inc.
AMEX: AVM
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 PROFILE
One thing is clear: Advanced Magnetics makes diagnostic contrast agents. These agents provide clearer images during magnetic resonance imaging (MRI) tests used to detect tumors and other abnormalities. The development-stage company has two products on the market: Feridex I.V. (for the diagnosis of liver lesions) and GastroMARK (used for bowel and abdominal imaging). The company's Combidex is being developed as a contrast agent for liver and lymph disease; the FDA has approved the product for sale in the US. Advanced Magnetics has one other product in development, this one for applications in cardiology and oncology. Chairman Jerome Goldstein and his wife own some 20% of Advanced Magnetics.

 COMPETITION
Amersham plc (NYE)
Schering AG (SHR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 3.30
1-Yr. Sales Growth: 3.1%
Employees: 24
Revenue per employee: $137,500.00

 KEY PEOPLE
• Jerome Goldstein
    CEO
• James A. Matheson
    CFO

 CONTACT INFO
61 Mooney St.
Cambridge, MA 02138
US
Phone: 617-497-2070
Fax: 617-547-2445
Online: Web Site

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