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

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.