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Home > Company Index > Drugs > Biotechnology-Medicine > Cortech, Inc.

Cortech, Inc.
Nasdaq: CRTQ
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 NEWS FROM THE WIRES
Cortech posts loss, seeks arbitration in dispute
Aug 10 2001 10:58 AM PDT

More WIRE STORIES about this company

 PROFILE
Cortech is a company without a core. The firm, which focused its research on bradykinin antagonists and protease inhibitors for a variety of therapeutic uses, has discontinued research and sold all its equipment but continues to seek to resuscitate its business. Japanese firm Ono Pharmaceutical licensed a neutrophil elastase inhibitor for chronic inflammatory disease, but the deal has yet to bear fruit. United Therapeutics canceled its license for an elastase inhibitor to treat pulmonary conditions. Despite disappointing test results, the company is still seeking partners to develop its technologies. Through his Kent Financial Services investment firm, chairman Paul Koether owns about 40% of Cortech.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.90
1-Yr. Sales Growth: (55.0)%

 KEY PEOPLE

• Sue Ann Itzel
    CFO

 CONTACT INFO
376 Main St.
Bedminster, NJ 07921
US
Phone: 908-234-1881
Fax: 908-766-5840

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