QUOTE AND NEWS
SeekingAlpha  Aug 14  Comment 
By SA Transcripts: BG Medicine, Inc. (NASDAQ:BGMD) Q2 2014 Earnings Conference Call August 14, 2014, 08:30 AM ET Executives Paul Sohmer - President and Chief Executive Officer Stacie Rader - Vice President, Executive Operations and...
TheStreet.com  May 14  Comment 
NEW YORK (TheStreet) -- BG Medicine  plunged Wednesday after the diagnostics company reported first-quarter results that came up short of analysts' expectations. The company reported a loss of 8 cents a share, which aligned with the estimate of...
SeekingAlpha  May 14  Comment 
BG Medicine Inc. (BGMD) Q1 2014 Earnings Conference Call May 14, 2014 8:30 am ET Executives Paul Sohmer – President, Chief Executive Officer Stephen Hall – Chief Financial Officer Stacie Rader – Senior Vice President,...
Benzinga  May 14  Comment 
Enzymotec (NASDAQ: ENZY) declined 29.86% to $14.19 after the company reported Q1 earnings of $0.24 per share on revenue of $17.90 million. Sutor Technology Group (NASDAQ: SUTR) declined 26.63% to $1.33 after the company reported Q3...
TheStreet.com  Apr 3  Comment 
NEW YORK (TheStreet) -- BG Medicine  is plummeting on Thursday in response to its pricing of common stock in its latest public offering. By midday, shares had plunged 19.3% to $1.55. Trading volume of 4 million shares exceeded its three-month...
Benzinga  Apr 3  Comment 
SGOCO Group (NASDAQ: SGOC) shares declined 28.65% to $2.84 after the company reported reported preliminary Q4 earnings of $0.07 per share on revenue of $44.2 million. BG Medicine (NASDAQ: BGMD) shares slipped 18.23% to $1.57 after the company...
StreetInsider.com  Apr 3  Comment 
SGOCO Group, Ltd (Nasdaq:  SGOC ) 31.4 % LOWER;   reported Q4 EPS of $0.07, versus $0.19 reported last year. Revenue for the quarter came in at $44.2 million, versus $63.4 million reported last year. BG Medicine, Inc....
StreetInsider.com  Apr 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/BG+Medicine%2C+Inc.+%28BGMD%29+Prices+6.45M+Common+Offering+at+%241.55Share/9348789.html for the full story.
StreetInsider.com  Apr 2  Comment 
Venaxis, Inc. (NASDAQ: APPY) 12.2% LOWER; intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering...




 
TOP CONTRIBUTORS

BG Medicine (NASDAQ:BGMD) is a biopharmaceutical company which develops and sells diagnostic tests. These tests use biomarkers in blood tests and provide physicians which better information and accuracy on the potential disease states of patients. BG Medicine has received Food and Drug Administration (FDA) approval for one of its tests and has submitted another for approval.[1]

BG Medicine uses patient samples and data from partnerships to identify potential biomarkers the show up repeatedly for different diseases. Once they have been identified, the company builds tests to accurately measure the presence of the biomarker and runs samples to see if the biomarker is indeed relevant. After going through up to Phase III in tests, the company then submits the test to the FDA for approval.[2]

The company's initial public offering of stock on the NASDAQ occurred on February 3, 2011. The company offered 5M shares each for $7. The inital price range was $13-$15, but the company halved the offer price. This brought the deal size to $35M. The company had originally planned to go public in December of 2010, but decided to postpone. The lead underwriter of the deal was Lazard (LAZ).[3]

For the full year 2009 the company reported a total revenue of $8.5M. During the first 9 months of 2010, the company's total revenue was $.6M. For 2009, the company had a net loss of $16M. For the first 9 months of 2010, the company had a net loss of $14M. Because the company is still heavily the in the Research & Development phase, approximately 34% of the company's costs are due to research and development.[4]

References

  1. BGMD S-1/A 2011 PROSPECTUS SUMMARY "Our Company" pg 1
  2. BGMD S-1/A 2011 PROSPECTUS SUMMARY "Our Solution" pg 3
  3. Renaissance Capital - IPO Home "BG Medicine prices IPO at $7, half of its original $13-$15 price range" 4 Feb 2011
  4. BGMD S-1/A 2011 PROSPECTUS SUMMARY "Summary consolidated financial data" pg 7
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