Last $1.50 USD
Change Today 0.00 / 0.00%
Volume 43.5K
ECTE On Other Exchanges
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

echo therapeutics inc (ECTE) Snapshot

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01/8/14 - $4.13
52 Week Low
09/24/14 - $0.39
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echo therapeutics inc (ECTE) Details

Echo Therapeutics, Inc. is engaged in the development of transdermal skin permeation and diagnostic medical devices. It is developing Symphony CGM system (Symphony), a needle-free wireless continuous glucose monitoring system for use in hospital critical care units; and Symphony SkinPrep system, a component of its Symphony for enhanced skin permeation that enables extraction of analytes, such as glucose. The company is also engaged in the development Durhalieve, an AzoneTS formulation of triamcinolone acetonide that has completed Phase III clinical trials for the treatment of corticosteroid-responsive dermatoses. It has a licensing agreement with Ferndale Pharma Group, Inc. to develop, market, sell, and distribute Prelude SkinPrep system for skin preparation prior to the application of topical anesthetics prior to a range of needle-based medical procedures in North America, the United Kingdom, South America, Australia, New Zealand, Switzerland, and other portions of the European Community; a license agreement with Handok Pharmaceuticals Co., Ltd. to develop, use, market, import, and sell Symphony for continuous glucose monitoring for use by medical facilities and/or individual consumers in South Korea; and a license, development, and commercialization agreement with Medical Technologies Innovation Asia, Ltd. The company was founded in 1989 and is headquartered in Philadelphia, Pennsylvania.

28 Employees
Last Reported Date: 03/28/14
Founded in 1989

echo therapeutics inc (ECTE) Top Compensated Officers

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Executives, Board Directors

echo therapeutics inc (ECTE) Key Developments

Echo Therapeutics, Inc. Announces Scott W. Hollander as President & Chief Executive Officer

Echo Therapeutics, Inc. announced that Scott W. Hollander has been appointed Chief Executive Officer effective December 22, 2014. Mr. Hollander has more than 20 years of experience in the medical device, pharmaceutical and capital equipment industries, and most recently served as Vice President, Business Development, Otsuka Pharmaceuticals as well as President and Chief Executive Officer of Interpharma-Praha. Mr. Hollander joins Echo from Interpharma-Praha where he most recently served as President and CEO for 5 years.

Echo Therapeutics, Inc. Announces Resignation of Wolf & Company P.C. as Independent Registered Accounting Firm

On December 8, 2014, Echo Therapeutics, Inc. was orally notified by its independent registered accounting firm, Wolf & Company P.C. that it was resigning effective December 8, 2014. The resignation was confirmed in a letter delivered to the company on December 9, 2014.

Echo Therapeutics, Inc. Announces Management Resignations

On November 21, 2014, Charles T. Bernhardt informed Echo Therapeutics, Inc. (Echo) of his decision to resign as Interim Chief Financial Officer and from performing the functions of Principal Executive Officer for Echo effective December 15, 2014. Mr. Bernhardt stated that his resignation was due to his desire to pursue other professional opportunities. Mr. Bernhardt has served in the capacity of Interim Chief Financial Officer since July 16, 2014. On September 12, 2014, Kimberly A. Burke informed Echo of her decision to resign as Senior Vice President, General Counsel and Chief Compliance Officer of Echo to pursue other opportunities. At that time, Ms. Burke agreed to transition matters appropriately and to determine the effective date of her resignation date once an effective transition had occurred. On November 21, 2014, Ms. Burke informed Echo that she had substantially completed the transition of her duties as Echo's Senior Vice President, General Counsel and Chief Compliance Officer and that her resignation would be effective December 5, 2014. Ms. Burke has served as Echo’s General Counsel and Senior Vice President since January 2011, as Chief Compliance Officer since April 2012, and she has served as Echo’s Secretary since 2010. Ms. Burke joined the company as Vice President, Corporate Counsel in 2008.


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Valuation ECTE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1,078.9x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 989.7x

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