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  September 5, 2001
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Home > Company Index > Drugs > Biotechnology-Medicine > Ergo Science Corporation

Ergo Science Corporation
Nasdaq: ERGO
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 PROFILE
Ergo Science doesn't think it's the right company to market its diabetes drug, ergo it has no business. Its lead therapy, ERGOSET, has been ruled effective as a once-a-day diabetes drug by the FDA, but the agency's concerns about side effects have kept it off the market. Ergo Science believes it lacks the resources and experience necessary to prove ERGOSET is safe, so it is looking for a larger drug company to take over final development of the drug. In the meantime, the drug development firm is conserving its money to possibly buy a drug or even a company to relaunch its activities. An affiliate of Citigroup's venture capital arm owns about a quarter of Ergo Sciences.

 COMPETITION
Eli Lilly and Company (LLY)
GlaxoSmithKline plc (GSK)
Pfizer Inc (PFE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.10
1-Yr. Sales Growth: 0.0%
Employees: 6
Revenue per employee: $16,666.67

 KEY PEOPLE
• David R. Burt
    CEO
• J. Richard Crowley
    CFO

 CONTACT INFO
790 Turnpike St.
North Andover, MA 01845
US
Phone: 978-974-9474
Fax: 978-974-0633
Online: Web Site

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