| Business Summary | | Med-Design
Corporation
principally
is
engaged
in
the
design,
development
and
licensing
of
safety
medical
devices
intended
to
reduce
the
incidence
of
accidental
needlesticks.
Each
safety
medical
device
the
Company
designs
and
develops
incorporates
its
proprietary
needle
retraction
technology.
The
Company's
technology
enables
health
care
professionals
to
retract
a
needle
into
the
body
of
the
medical
device
for
safe
disposal
without
any
substantial
change
in
operating
technique.
The
Company's
products
generally
can
be
categorized
into
four
groups:
hypodermic
syringes
used
to
inject
drugs
and
other
fluids
into
the
body;
fluid
collection
devices
used
to
draw
blood
or
other
fluids
from
the
body;
venous
and
arterial
access
devices
used
to
provide
access
to
patients'
veins
and
arteries;
and
specialty
safety
devices
for
other
needle
based
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Med-Design
Corp.
designs,
develops,
manufactures
and
markets
safety
medical
devices
intended
to
reduce
the
incidence
of
accidental
needlesticks.
For
the
six
months
ended
6/30/01,
Revenues
decreased
99%
to
$50
thousand.
Net
loss
applicable
to
Com.
totalled
$3.1
million,
up
from
$14
thousand.
Revenues
reflect
the
absence
of
anup-front
licensing
payment
made
by
Becton
Dickinson.
Higher
loss
also
reflect
increased
legal
and
travel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Donegan, 50 Chairman,
Pres, CEO | $1.1M | $1.8M | Lawrence Ellis, 50 CFO,
VP | 160K | 92K | Michael Simpson, 43 COO,
VP, Director | 2.7M | 568K | Thor Halseth, 48 Sr.
VP, Design | 113K | -- | Joseph Bongiovanni, III, 57 VP,
Sec. | 128K | 438K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|