MicroCarb Inc. officially changed its name yesterday to Antex Biologics and is trading under a new ticker symbol.
The Gaithersburg-based company's common stock now is quoted on the OTC Bulletin Board under the ticker symbol ANTX.
Dr. Vic Esposito, chairman and chief executive officer of the 5-year-old biotechnology company, said the company changed its name because MicroCarb no longer describes the technologies that the company is working to develop.
"We wanted to more accurately reflect our mission of developing and marketing products based on our anti-infective technologies," he said.
Antex is derived from the Latin words "ante," which means early or before, and "ex," which means to eliminate or wipe out.
Antex is developing vaccines and other treatments to prevent infectious diseases caused by bacteria, including ear infections, chlamydia and a diarrhea common in the Third World.
Esposito said he wanted a name that would be "easy to spell, easy to say and easy to remember." A subsidiary, MicroCarb Vaccines, will keep its name.
Pub Date: 9/04/96