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Home > Company Index > Drugs > Biotechnology-Medicine > AEterna Laboratories Inc.

AEterna Laboratories Inc.
Nasdaq: AELA
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 NEWS FROM THE WIRES
Aeterna Laboratories makes profit on one-off gain
Jul 18 2001 07:56 AM PDT

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 PROFILE
AEterna Laboratories knows seriously ill patients won't wait an eternity for a new drug, so the firm is working to take lead drug candidate Neovastat through trials and to approval as quickly as possible. Derived from shark cartilage, the compound inhibits angiogenesis, the formation of new blood vessels crucial to the spread of such diseases as cancer. AEterna is testing Neovastat to treat kidney, lung, and a type of blood cancer, as well as psoriasis and age-related macular degeneration (which leads to blindness). Its 64%-owned Atrium Biotechnologies unit, which funds AEterna's R&D, makes ingredients and additives for the cosmetic and nutritional markets; Estée Lauder accounts for about 40% of its sales.

 COMPETITION
EntreMed, Inc. (ENMD)
ImClone Systems Incorporated (IMCL)
SUGEN, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5.60
1-Yr. Sales Growth: 30.2%
Employees: 150
Revenue per employee: $37,333.33

 KEY PEOPLE
• Éric Dupont
    CEO
• Dennis Turpin
    CFO

 CONTACT INFO
1405 Parc-Technologique Blvd.
Quebec City Quebec G1P 4P5, Canada
Phone: 1-418-652-8525
Fax: 1-418-652-0881
Online: Web Site

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