| Business Summary | | Third
Wave
Technologies,
Inc.
is
a
provider
of
test
kits,
components
and
related
products
for
analyzing
genetic
variations.
The
Company's
patented
genetic
analysis
platform,
the
Invader
operating
system,
offers
several
advantages
over
conventional
genetic
analysis
technologies.
The
Company's
technologies
produce
highly
accurate
results,
are
easy
to
use
and
eliminate
the
need
for
copying
the
genetic
sample
using
a
complex
copying
technique
known
as
polymerase
chain
reaction
(PCR).
Additionally,
The
Company's
technologies
are
compatible
with
existing
automation
processes
and
detection
platforms
and
are
available
in
convenient,
ready-to-use
formats.
These
advantages
make
the
Company's
technologies
ideally
suited
for
large-scale
genetic
analysis
for
both
clinical
and
research
applications,
including
drug
discovery
and
development
and
patient
diagnosis
and
treatment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TWTI
is
a
provider
of
test
kits,
components
and
related
products
for
analyzing
genetic
variations.
The
Company's
patented
genetic
analysis
platform,
the
Invader
operating
system,
eliminates
the
need
for
copying
the
genetic
sample
using
polymerase
chain
reaction.
For
the
six
months
ended
6/01,
revenues
rose
from
$1.4
million
to
$19.9
million.
Net
loss
fell
21%
to
$12.5
million.
Results
reflect
increased
sales
of
Invader
Operating
System
products,
offset
by
operating
cost. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Lance Fors, Ph.D., 42 Pres,
CEO, Director | $335K | Rocky Ganske, 42 COO | 155K | Ian Edvalson, 33 Sr.
VP of Bus. and Corp. Devel., Sec. | 126K | Bruce Neri, Ph.D., 53 Sr.
VP of R&D | 183K | Zoltan Komjathy, 53 VP
of Sales and Marketing | -- | 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
|
|