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750 West Pender Street, Suite 200
Vancouver, B.C. V6C 2T8 Canada
phone:(604) 689-5899
fax:(604) 689-7641
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| Symbol |
FMTI |
| Exchange |
NASDAQ |
| Founded |
0 |
| Employees |
16 |
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| www.forbesmedi.com
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| Research Sector |
Biotech Specialty Pharma |
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| Summary Description |
| Products for the prevention and treatment of cardiovascular and related diseases. |
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| Management |
| Charles A. Butt, B.Comm., President and Chief Executive Officer; Laura Wessman, MBA, Senior Vice President, Operations; David Goold, CA,
Chief Financial Officer; Dr. John Nestor, Chief Scientific Officer; Natalie Jean Warner, MD, Consultant, Clinical Development; Jeffrey J.E. Motley, B. Sc., Vice President, Marketing & Sales; David Stewart, Ph.D., Vice President, Regulatory Affairs (Nutraceutical) and Scientific Services; Jerzy Zawistowski, Ph.D., Vice President, Functional Foods & Nutraceuticals |
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| Keywords |
| cardiovascular disease, heart disease, congestive heart failure, pharmaceuticals, dietary supplements, cholesterol, phytosterols, j2008 |
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| Description |
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Forbes Medi-Tech Inc. is a biopharmaceutical company dedicated to the research, development and commercialization of innovative prescription pharmaceutical and nutraceutical products for the prevention and treatment of cardiovascular and related diseases. Forbes' scientific platform is based on core sterol technology. By extracting plant sterols from by-products of the forestry industry, Forbes has developed cholesterol-lowering agents for use in pharmaceutical compounds, functional foods and dietary supplements. |
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| Products / Services |
Vivola Oil, is Functional Oil that has been clinically shown to maintain a healthy body weight and reduce Total and LDL-cholesterol. Reducol, a proprietary functional food ingredient derived from wood-pulping byproducts has been clinically proven to significantly lower Low Density Lipoprotein (LDL) or "bad" cholesterol when consumed in different foods such as margarine, chocolate, dairy products and dietary supplements. FM-VP4 belongs to a new class in cholesterol-lowering drugs called cholesterol absorption inhibitors. FM-VP24, is a novel analogue, which inhibits cholesterol absorption while also exhibiting anti-inflammatory activity.
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| Technology / Differentiation |
| Phytosterols, also known as plant sterols, are a naturally occurring class of compounds found in the cells and membranes of plants. Plant sterols offer a natural, safe and effective way to reduce cholesterol levels. |
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| Market / Customers |
A person with a "high" total cholesterol level has more than twice the risk of heart disease compared to someone whose total cholesterol is "desirable".
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| Competitors / Substitutes / Alternatives |
Prescription Pharmaceuticals: Company's targeting cholesterol reduction through prescription drugs. I.e. the Statin manufacturers and other cholesterol transport inhibitor manufacturers.
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Biotech & Specialty Pharma
Healthcare Services
Medical Devices & Tech
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AdvaMed Members
