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Home > Company Index > Drugs > Biotechnology-Research > Genset, S.A.

Genset, S.A.
Nasdaq: GENXY
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 NEWS FROM THE WIRES
Investors snub Genset after obesity drug delay
Jul 24 2001 04:04 AM PDT

RMC sells German unit for 169 mln stg cash
Jul 24 2001 12:16 AM PDT

Genset says delays Famoxin trials until H1 2002
Jul 23 2001 04:37 PM PDT

More WIRE STORIES about this company

 PROFILE
Perhaps Genset tired of being another gene discovery firm -- or maybe Genset just got tired of writing "oligonucleotides." Either way, the company is switching gears. Once dedicated to finding disease-related genes for pharmaceutical and biotech companies and helping them determine how genes might affect a new drug's efficacy, Genset is now developing its own drugs. The firm plans to find genes, validate targets, and develop treatments for central nervous system and metabolic disorders. Lead drug candidate Famoxin may treat obesity. Its Genset Oligos unit (about 40% of sales) is a leading maker of oligonucleotides, synthetic strands of DNA used in genetic research; the divison may be sold as Genset refocuses.

 COMPETITION
Abbott Laboratories (ABT)
Hoffmann-La Roche Inc. (dossier)
Knoll GmbH (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 28.10
1-Yr. Sales Growth: 0.7%
Employees: 529
Revenue per employee: $53,119.09

 KEY PEOPLE
• André G. Pernet
    CEO
• John Varian
    CFO

 CONTACT INFO
24 rue Royale
75008 Paris, France
Phone: 33-1-55-04-59-00
Fax: 33-1-55-04-59-29
Online: Web Site

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