| Business Summary | | ChemTrak
Incorporated
develops,
manufactures,
markets
and
sells
personal
medical
diagnostic
systems
for
consumer
over-the-counter
markets,
point-of-care
markets
and
physician's
office
laboratories
worldwide.
The
Company
manufactures
and
distributes
three
products
in
the
United
States:
Parent's
Alert
Home
Drug
Test
Service,
a
home
drug
test
service
committed
to
helping
parents
prevent
and
eliminate
drug
abuse
by
their
children,
the
CholesTrak
Home
Cholesterol
Test,
and
ColoCARE,
a
home
test
to
detect
the
warning
signs
of
colorectal
disease.
The
Company
expects
to
market
and
distribute
two
additional
products
in
1998,
the
AccuMeter
H.
pylori
Test,
a
physician's
office
test
to
determine
the
presence
of
bacterium
associated
with
gastric
and
peptic
ulcers,
and
the
AccuMeter
Theophylline
Test,
a
point-of-care
quantitative
assay
for
theophylline,
a
prescribed
bronchodilator
used
by
asthmatics.
ChemTrak's
products
are
available
through
most
chain
drug
stores
and
mass
merchandisers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ChemTrak
Incorporated
develops,
manufactures,
markets
and
sells
personal
medical
diagnostic
systems
for
consumer
over-the-counter
markets,
point-of-care
markets
and
physician's
office
laboratories
worldwide.
For
the
six
months
ended
6/30/98,
total
revenues
fell
18%
to
$1.9
million.
Net
loss
applicable
to
Common
rose
76%
to
$5.2
million.
Revenues
reflect
lower
funded
research
and
other
revenues.
Higher
loss
also
reflects
manufacturing
inefficiencies
and
higher
marketing
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Prithipal Singh, Ph.D., 58 Chairman | $212K | Edward Covell, 53 Pres,
CEO | 194K | Donald Fluken, 56 VP
of Fin., CFO and Sec. | 129K | Niquette Hunt, 33 VP
of Sales and Marketing | 150K | Dollar amounts are as of 31-Dec-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|