Last $0.78 USD
Change Today +0.02 / 2.63%
Volume 32.0K
BGMD On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

bg medicine inc (BGMD) Snapshot

Open
$0.75
Previous Close
$0.76
Day High
$0.80
Day Low
$0.75
52 Week High
03/25/14 - $2.42
52 Week Low
10/15/13 - $0.55
Market Cap
26.8M
Average Volume 10 Days
143.8K
EPS TTM
$-0.34
Shares Outstanding
34.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BG MEDICINE INC (BGMD)

bg medicine inc (BGMD) Related Businessweek News

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bg medicine inc (BGMD) Details

BG Medicine, Inc., a diagnostics company, develops and commercializes novel cardiovascular diagnostic tests to address unmet medical needs in the United States. The company offers BGM Galectin-3 test, a novel assay for measuring galectin-3 levels in blood plasma or serum for use as an aid in assessing the prognosis of patients diagnosed with heart failure; and CardioSCORE test, which is designed to identify individuals at high risk for cardiovascular events, such as heart attack and stroke. It has license, development, and commercialization agreements with Abbott Laboratories, Alere Inc., bioMérieux SA, and Siemens Healthcare Diagnostics Inc. for the development of galectin-3 test on their automated instrument platforms; and a strategic collaboration with Abbott Laboratories to develop and commercialize galectin-3 assay kits, and related control kits and calibrators. The company was formerly known as Beyond Genomics, Inc. and changed its name to BG Medicine, Inc. in October 2004. BG Medicine, Inc. was founded in 2000 and is headquartered in Waltham, Massachusetts.

23 Employees
Last Reported Date: 03/27/14
Founded in 2000

bg medicine inc (BGMD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $258.5K
Senior Vice President of Executive Operations...
Total Annual Compensation: $194.8K
Chief Scientific Officer and Senior Vice Pres...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

bg medicine inc (BGMD) Key Developments

BG Medicine, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

BG Medicine, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $799,000 compared with $1,006,000 for the same period a year ago. Loss from operations was $1,971,000 compared with $4,549,000 for the same period a year ago. Net loss was $2,169,000 or $0.06 per basic and diluted share compared with $4,837,000 or $0.18 per basic and diluted share for the same period a year ago. The decrease in total revenues reflected a $173,000 decrease in product revenues and a $34,000 decrease in service revenues from the prior year quarter. The decrease in product revenues resulted from a $141,000 decline in orders from its clinical laboratory customer and a $90,000 decline in purchases relating to independent research studies that were partially offset by increased revenues of $58,000 from product sales to other clinical laboratory customers. The reduction in service revenues resulted from the planned completion of the High Risk Plaque initiative in 2013 and its decision to close its research facilities in 2013 as part of its initiative to streamline the operations of the Company. For the six months, the company reported total revenues of $1,538,000 compared with $1,894,000 for the same period a year ago. Loss from operations was $3,918,000 compared with $9,350,000 for the same period a year ago. Net loss was $4,348,000 or $0.14 per basic and diluted share compared with $10,249,000 or $0.39 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $4,992,000 compared with $8,808,000 for the same period a year ago. The company provided earnings guidance for the full year of 2014. Notwithstanding the modest revenue growth that the company is achieving from the sales of its products to the majority of its clinical laboratory customers, the company is no longer expects full year 2014 revenues to exceed its 2013 revenues, in light of the decrease in year-to-date revenues from its clinical laboratory customer and the lack of predictability of sales relating to independent research studies. Nevertheless, for the full year 2014, the company continues to expect to decrease its operating cash burn as compared to 2013.

BG Medicine, Inc. to Report Q2, 2014 Results on Aug 14, 2014

BG Medicine, Inc. announced that they will report Q2, 2014 results on Aug 14, 2014

BG Medicine, Inc., Q2 2014 Earnings Call, Aug 14, 2014

BG Medicine, Inc., Q2 2014 Earnings Call, Aug 14, 2014

 

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BGMD

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Valuation BGMD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.1x
Price/Book 6.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.3x
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