| Business Summary | | Retractable
Technologies
Inc.
designs,
develops,
manufactures
and
markets
safety
needle
devices
for
the
healthcare
industry.
The
Company's
VanishPoint
products
utilize
a
friction
ring
mechanism.
VanishPoint
products
are
designed
specifically
to
prevent
needlestick
injuries
and
to
prevent
reuse.
The
VanishPoint
blood
collection
tube
holder
utilizes
the
same
mechanism
to
retract
the
needle
after
blood
has
been
drawn
from
the
patient.
Advantages
of
the
Company's
products
include
protection
from
needlestick
injuries,
prevention
of
cross
contamination
through
reuse,
and
reduction
of
disposal
and
other
associated
costs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Retractable
Technologies,
Inc.
designs,
develops,
manufactures,
and
markets
patented
safety
needle
devices
for
the
healthcare
industry.
For
the
six
months
ended
6/30/01,
revenues
totaled
$8.2
million,
up
from
$2.4
million.
Net
loss
applicable
to
Common
fell
29%
to
$4.1
million.
Revenues
reflect
the
sales
under
the
Abbott
Agreement
and
increased
production
capacity.
Lower
loss
was
partially
offset
by
increased
marketing
fees
to
distributors
and
higher
personnel
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | Thomas
Shaw,
Chmn./Pres./CEO Steven
Wisner,
Exec. VP Russell
Kuhlman,
VP Douglas
Cowan,
CFO/Treas. Michele
Larios,
Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|