| Business Summary | | Bionx
Implants,
Inc.
is
a
developer,
manufacturer
and
marketer
of
self-reinforced,
resorbable
polymer
implants,
including
screws,
pins,
arrows
and
stents,
for
use
in
a
variety
of
applications,
including
sports
medicine,
orthopedic
trauma
and
craniofacial
surgery
and
urology.
The
Company
has
proprietary
manufacturing
processes
for
self-reinforced
resorbable
polymers,
modifying
the
brittle
polymer
structure
into
a
physiologically
strong
structure
with
controlled,
variable-strength
retention.
During
2000,
the
Company
released
the
4.5
mm
resorbable
Cannulated
Screw
for
the
maintenance
of
alignment
of
cancellous
bone
fractures
of
the
malleolus
of
the
ankle
as
the
intended
first
in
a
line
of
cannulated
products.
The
cannulation
enables
the
surgeon
to
place
a
guide
wire
at
the
fracture
or
osteotomy
site
in
order
to
obtain
initial
reduction
and
then
insert
the
screw
over
the
wire
for
final
fixation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BINX
is
a
developer,
manufacturer
and
marketer
of
Self-Reinforced,
resorbable
polymer
implants
for
use
in
a
variety
of
applications
which
include
orthopaedic
surgery,
urology,
dentistry
and
maxillo-facial
surgery.
For
the
three
months
ended
3/31/01,
total
revenues
decreased
2%
to
$5
million.
Net
loss
increased
51%
to
$568
thousand.
Results
reflect
temporary
dislocations
and
inefficiencies
as
the
Company
reorganized
its
distribution
network. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,842;
after
tax
earnings
were
-1,120. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Terry Wall, 58 Chairman | -- | Gerard Carlozzi, 43 Pres,
CEO, Director | $152K | Pertti Tormala, Ph.D., 54 Exec.
VP- Research and Developmant | 131K | Drew Karazin, 46 VP,
CFO | -- | Gregory Jones, 41 VP-
Marketing | 156K | Dollar amounts are as of 31-Dec-1999 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
|
|