| Business Summary | | Biocircuits
Corporation
was
founded
to
develop
new
immunodiagnostic
testing
systems.
Immunodiagnostic
tests,
or
assays,
are
performed
on
samples
of
bodily
fluids
to
diagnose
a
variety
of
infectious
diseases
and
other
conditions,
such
as
endocrine
dysfunctions,
and
to
conduct
therapeutic
drug
monitoring.
Immunodiagnostic
tests
utilize
biological
reagents,
such
as
antibodies,
and
an
instrument
to
detect
the
presence
of
a
substance
of
interest,
or
analyte,
such
as
a
virus
or
hormone.
The
Company's
IOS
point-of-care
immunodiagnostic
testing
system
consists
of
a
compact
instrument
and
disposable
test
cartridges
that
can
be
operated
by
a
user
with
no
special
skills
or
training.
The
system
enables
users
to
perform
tests
at
many
locations,
including
physicians'
offices,
ambulatory
clinics
and
small
clinical
laboratories. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Biocircuits
develops
new
immunodiagnostic
testing
systems
that
are
performed
on
samples
of
bodily
fluids
to
diagnose
a
variety
of
infectious
diseases
and
other
conditions.
For
the
three
months
ended
3/31/98,
sales
rose
51%
to
$354
thousand.
Net
loss
decreased
48%
to
$1.8
million.
Sales
reflect
the
3/96
launch
of
the
IOS
system.
Lower
loss
reflects
lower
R&D
expenses
due
to
a
reduction
in
work
force
and
lower
S/G/A
expenses
due
to
lower
marketing
expenditures. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1996 Pay | |
| John Kaiser, 60 Chairman
of Director, Pres and CEO | $222K | William Wright III, 49 VP
- Operation | 179K | James Welch, 39 VP,
CFO, Sec. and Treasurer | -- | Robert Testorff, 51 VP
- HR HR | -- | R. Green, 54 VP
- Quality Assurance and Regulatory Affairs | -- | Dollar
amounts are as of 31-Dec-1996 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
|
|