Old dogs, new tricks

FSB's archives are packed with entrepreneurs who reinvented stagnant industries. Here's how some of them are doing today.

New trick: Bandages
New trick: Bandages
Hemcon medical technologies
hemcon.com
The bandage industry was never rocket science, or even shrimp science. But now HemCon's crustacean-derived chitosan bandages stop bleeding faster. When we profiled the Portland, Ore., firm (July/August 2006), HemCon, whose biggest customer is the U.S. military, estimated that its revenues that year would be $20 million on 180,000 bandages sold. It reached $24 million with 270,000 sold. In October it launched a product to stop bleeding during dental surgery. HemCon plans to release a civilian version of its bandage later this year. -Julie Sloane

1

2

3

4

5

6
Making millions on budget caviar A Missouri fish farmer prospers from a ban on imported beluga. (more)
Where are they now? The winners of last year's FSB business-plan competition are growing rapidly. Here's an update. (more)
8 tiny companies that play big How small companies are using new technologies to compete like champions. (more)