| Business Summary | | Protein
Polymer
Technologies,
Inc.
is
a
development-stage
biotechnology
company
engaged
in
the
research,
development,
production
and
clinical
testing
of
medical
products
based
on
its
proprietary
protein-based
biomaterials
technology.
The
Company
has
focused
primarily
on
developing
materials
technology
and
products
to
be
used
in
the
surgical
repair
of
tissue:
surgical
adhesives
and
sealants;
soft
tissue
augmentation
products;
wound
healing
matrices;
drug
delivery
formulations;
and
surgical
adhesion
barriers.
The
Company
also
has
developed
coating
technology
that
can
efficiently
modify
and
improve
the
surface
properties
of
more
traditional
biomedical
devices.
The
Company's
goal
is
to
develop
materials
that
beneficially
interact
with
human
cells,
enabling
cell
growth
and
the
regeneration
of
tissues
with
improved
outcomes
as
compared
to
current
products
and
practices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PPTI
is
engaged
in
the
development
of
protein-based
biomaterials
used
to
direct,
supplement,
or
replace
the
functions
of
living
systems.
For
the
six
months
ended
6/01,
total
revenues
fell
46%
to
$293
thousand.
Net
loss
applicable
to
common
rose
18%
to
$1.8
million.
Revenues
reflect
the
absence
of
a
one
time
license
payment
from
Sanyo
Chemical
Industries.
Higher
loss
was
partally
offset
by
a
decrease
in
amortization
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| J. Parmeter, 60 Chairman,
Pres and CEO | $200K | John Flowers, 43 VP,
Planning and Operations | 118K | Franco Ferrari, Ph.D., 48 VP,
Laboratory Operations and Polymer Production, | 120K | Joseph Cappello, Ph.D., 43 VP,
R&D, CTO, Polymer Research | 129K | Janis Neves, 48 Director,
Fin. and Admin., Treasurer, and Assistant Sec. | -- | 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
|
|