| Business Summary | | Applied
Biometrics,
Inc.
ceased
its
ongoing
business
operations
in
August
2000
because
it
determined
that
it
would
be
unable
to
complete
the
development
of
its
primary
product,
the
Basis
Cardiac
Output
Monitor
and
RealFlow
Cardiac
Output
Probe
(collectively,
the
Basis
System),
for
market
and
sale.
Prior
to
deciding
to
cease
its
business
operations,
the
Company
was
developing
a
system
designed
to
measure
cardiac
output
(CO)
on
a
continuous
and
real-time
basis
during
and
after
cardiac
surgery.
The
Basis
System
was
designed
for
use
on
a
broad
range
of
aortic
diameters
in
both
adults
and
children.
By
using
ultrasound
to
monitor
CO
directly
from
the
ascending
aorta,
the
Basis
System
was
expected
to
provide
real-time
accuracy.
In
contrast
to
conventional
CO
techniques,
the
Basis
System
was
designed
to
directly
measure
the
patient's
aortic
diameter
and
blood
velocity
44
times
each
second
for
a
true,
real-time
view
of
cardiac
output. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ABIO
was
a
medical
device
company
engaged
in
the
research
and
development
of
advanced
cardiovascular
and
hemodynamic
diagnostic
and
monitoring
systems.
In
8/00,
ABIO
announced
that
it
had
terminated
all
business
operations.
For
the
nine
months
ended
9/30/00,
the
Company
reported
no
revenues.
Net
loss
rose
39%
to
$2.4
million.
Results
reflect
increased
non-compensation
charges
and
increased
research
and
development
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Andrew Weiss, 43 CEO,
Pres, Director | $176K | Camille Meyer, 39 CFO,
VP-Fin., Sec. | -- | Joshua Baltzell, 30 VP
of Sales and Marketing | -- | Vic Fabano, 38 VP-
Manufacturing | -- | Elizabeth Kempen, 36 VP-
Quality Assurance, Regulatory and Clinical Affairs | -- | 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
|
|