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Home > Company Index > Drugs > Biotechnology-Medicine > Atlantic Technology Ventures, Inc.

Atlantic Technology Ventures, Inc.
Nasdaq (SC): ATLC
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 PROFILE
Development-stage Atlantic Technology Ventures may bypass the medicinal marijuana debate: Its Gemini Technologies subsidiary is developing a synthetic derivative of THC (the active ingredient in marijuana) with anti-inflammatory and analgesic properties but not the psychoactive effects. The firm is shifting from developing drugs and medical equipment (its Optex Ophthalmologics unit sold the cataract removal device it was developing and most of its assets to partner Bausch & Lomb) to buying and developing pharmaceutical, biotech, and communications technology. It has a stake in high-speed fiber-optic technology developer TeraComm Research, and Gemini is developing antisense technology to treat respiratory diseases.

 COMPETITION
ICN Pharmaceuticals, Inc. (ICN)
Pfizer Inc (PFE)
Unimed Pharmaceuticals, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5.40
1-Yr. Sales Growth: 350.0%
Employees: 6
Revenue per employee: $900,000.00

 KEY PEOPLE
• A. Joseph Rudick
    CEO
• Nicholas J. Rossettos
    CFO

 CONTACT INFO
350 Fifth Ave., Ste. 5507
New York, NY 10118
US
Phone: 212-267-2503
Fax: 212-267-2159
Online: Web Site

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