Life Therapeutics aims for Nasdaq

By Renate Krelle
Tuesday, 22 June, 2004

Life Therapeutics -- formerly known as Gradipore (ASX:GDP) -- is aiming toestablish a Level 1 American Depository Receipt (ADR) program, in readiness for a Nasdaq.

“A US listing has become a logical extension of the recent Life Sera acquisition” said managing director Dr Hari Nair. “Life Therapeutics now has 160 of its 200 employees based in the US and over 70 per cent of its revenues are now derived from the US.”

Earlier this week, Life Therapeutics forecast overall profit for the company in 2006 of AUD$4.5 million. Gazing even further into the future, the company predicts sales in 2007 of $69 million, and a profit of $13 million.

"We're projecting a loss of around $10 million this year," said Nair. "I expect that we would make a loss of about $2 million in 2005, but by 2006 we should be well in the black."

Related News

Retinal health linked to dementia risk, study shows

Researchers have discovered that the blood vessels at the back of the eye — called retinal...

Pancreatic cancer hijacks metabolism switch to help it spread

Pancreatic cancer hijacks a molecule known for regulating physiological processes, such as food...

Novel antibiotic activates 'suicide' mechanism in superbug

Researchers have discovered a new class of antibiotic that selectively targets Neisseria...


  • All content Copyright © 2025 Westwick-Farrow Pty Ltd