Last $2.01 USD
Change Today -0.03 / -1.47%
Volume 44.2K
ECTE On Other Exchanges
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

echo therapeutics inc (ECTE) Snapshot

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52 Week High
11/26/13 - $4.91
52 Week Low
05/28/14 - $1.53
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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

Interim Chief Executive Officer, Chief Compli...
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2013.

echo therapeutics inc (ECTE) Key Developments

Echo Therapeutics, Inc. Announces Executive Changes

At its town hall meeting, the stockholders of Echo Therapeutics, Inc. removed the three Directors, Vince Enright, William Grieco, and James Smith. Dr. Michael Goldberg appointed as Chairman of the Board.

Echo Therapeutics Appoints Charles T. Bernhardt as Interim Chief Financial Officer

On July 10, 2014, the board of directors of Echo Therapeutics, Inc. appointed Charles T. Bernhardt to serve as Interim Chief Financial Officer of Echo, effective July 16, 2014. Mr. Bernhardt, age 53, is a Certified Public Accountant who most recently served as Chief Financial Officer and Chief Accounting Officer for publicly traded Hemispherx Biopharma, Inc. from 2009 through 2013, at which an excess of $60 million was raised during his tenure.

Echo Therapeutics, Inc. Appoints Kimberly A. Burke to Serve as Interim Chief Executive Officer

Echo Therapeutics, Inc. appointed Kimberly A. Burke to serve as Interim Chief Executive Officer, effective July 1, 2014 and continuing for the sixty-day period expiring on August 30, 2014 or, if earlier, such date as a candidate is identified and appointed by the Board to serve as Echo's Chief Executive Officer. Ms. Burke will also serve as Echo's principal executive officer. In addition to serving as Interim Chief Executive Officer, Ms. Burke will also continue to serve as the General Counsel and Chief Compliance Officer of Echo. Ms. Burke, 40 years old, was appointed as Echo's General Counsel and Senior Vice President in January 2011, as Chief Compliance Officer in April 2012, and she has served as Echo's Secretary since 2010.


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Valuation ECTE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1,001.7x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 713.4x

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