Nanobac Pharmaceuticals Inc (PK:NNBP)
Business Focus: Biotechnology & Medical Research
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| Company Contact | |
| Address: | 5025 W Lemon St TAMPA FL 33609-1101 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| John D. Stanton Chairman of the Board, Chief Executive Officer, Chief Financial Officer | ||
| Business Overview |
| Nanobac Pharmaceuticals, Incorporated (Nanobac) is a research-based, bio-lifescience company. The Company is primarily engaged in the discovery and development of products and services to improve people's health through the detection and treatment of Calcifying Nanoparticles (CNPs), otherwise known as nanobacteria. Its research is directed toward establishing the pathogenic role of nanobacteria in soft tissue calcification, particularly in coronary artery heart disease, prostatitis and vascular disease. Nanobac's drug discovery and development is focused on new and existing compounds that inhibit, destroy or neutralize CNPs. Nanobac manufactures and markets In Vitro Diagnostic (IVD) kits and reagents for detecting calcifying nanoparticles. IVD products (blood and tissue tests) include assays, antibodies and reagents for recognizing CNPs. |
| Financial Overview |
| For the fiscal year ended 31 December 2007, Nanobac Pharmaceuticals, Inc. revenues decreased 92% to $18K. Net loss increased 32% to $6.6M. Revenues reflect United States segment decrease of 100% to $1K, Other Foreign segment decrease of 19% to $17K. Higher net loss reflects Loss on Early Extinguishment of Debt increase from $0K to $1.6M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.02 to -$0.03. |
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