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Enzo Biochem history
Enzo Biochem company history timeline
1976: The company is established.
By 1983, following several splits, it would be trading in the low $30s.
1983: Joint agreement is made with Johnson & Johnson.
When Ward left the advisory board to work for Integrated Genetics in 1985, Enzo sued him, claiming that he disclosed trade secrets.
In fiscal 1991 the company generated revenues of just $19.8 million and posted a $10.8 million loss, after losing $2.5 million the year before.
Later in 1992, Enzo's stock took off again, this time when the company announced that it would receive a patent on antisense technology, originally filed nine years earlier.
The clinical laboratory business was hurt by reductions in reimbursements for Medicare services, leading to a loss of $7.7 million in net income for 1996.
Nevertheless, the company recovered and was profitable again in 1997.
By November it reached $25, then following a move from the NASDAQ to the New York Stock Exchange in January 2000, it soared past $75, eventually topping out at an incredible $139.
In December 2000 Enzo entered a second phase of testing for its new AIDS drugs.
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Enzo Biochem may also be known as or be related to ENZO BIOCHEM INC, Enzo Biochem, Enzo Biochem Inc, Enzo Biochem Inc. and Enzo Biochem, Inc.