Biophan Technologies, Inc., a developer of next-generation biomedical technology, has announced that the Company has been included in BusinessWeek magazine's (February 14, 2005 issue, page 67) cover story about the latest innovations in nanotechnology, the multi-billion-dollar marketplaces nanoscience currently enable, and the potential for significant further growth.
The BusinessWeek cover story, entitled "The Business of Nanotech," describes the progression of nanotechnology from the laboratories to a burgeoning marketplace involving key industries, including healthcare, automotive, energy, computers and semiconductors, advanced consumer materials, and many others.
In the BusinessWeek article, Biophan is listed as one of seven nanotechnology players in the healthcare sector along with General Electric, Johnson & Johnson, NASA, and others.
The article quotes nanotechnology market researchers who project the 2005 nanotechnology marketplace will reach an estimated $13 billion. By the end of the decade, however, the nanotechnology market will grow to an estimated $292 billion, according to the industry observers.
"The BusinessWeek article does an excellent job of describing the scope and potential of the nanotechnology marketplace and the position of technology leaders such as Biophan in enabling the nanotechnology revolution," said Michael Weiner, Biophan CEO. "The article conveys the financial and investment potential that nanotechnology presents in healthcare and medical science, where Biophan holds key proprietary technologies."
