Acacia Research Names Dr. Amit Kumar as Vice President, Life Sciences; Medical Industry Entrepreneur Will Manage New San Francisco Area Office.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--July 17, 2000 Acacia Research Corporation (Nasdaq/NMS:ACRI) today announced that it has named Dr. Amit Kumar as Vice President, Life Sciences. Dr. Kumar will manage a new office in Silicon Valley where he will oversee Acacia Research's evaluation of opportunities and partnerships in life sciences and biotechnology. "We are extremely pleased to have Dr. Kumar join our senior management team," said Paul R. Ryan, chairman and chief executive officer of Acacia Research. "His exceptional experience in building new companies, particularly in the life sciences area, will be a great asset for our company." "I am extremely enthusiastic about the opportunity to work with Acacia Research and its partner companies, especially CombiMatrix, which should play a major role in the rapid advancements being made in the genomics and proteomics fields," Dr. Kumar said. Kumar was founding president and chief executive officer of Signature BioSciences, a private life science company developing technology for advanced research in genomics, proteomics, and drug discovery. Kumar was previously New Technology Program Manager at Idetek Corporation where he invented and developed the company's platform technology. He held senior management positions with IDEXX Laboratories IDEXX Laboratories, Inc. or IDXX NASDAQ: IDXX is a multinational corporation engaged in the development, manufacture, and distribution of products and services for the veterinary, food, and water testing markets. (Nasdaq:IDXX) following that company's acquisition of Idetek. Kumar also worked with Oak Investment Partners as an Entrepreneur in Residence An Entrepreneur In Residence (EIR) is an entrepreneur who partners with a venture fund.. EIR A role as an entrepreneur in residence (EIR) with a venture fund is a very coveted role for many entrepreneurs. . Kumar received his bachelor's degree in chemistry from Occidental College History The Birth of Occidental College Occidental College (commonly referred to as Oxy) was founded on April 20, 1887, by a group of Presbyterian clergy and laymen. in 1986, and after graduate studies at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. and the California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. , received his Ph.D. from Caltech in chemistry in 1991. Subsequently, he was a post-doctoral fellow at Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. from 1991-1993, where he developed patented techniques for building biochips and related devices. Kumar has co-authored over 40 publications and a dozen patents, many of which have been licensed by companies such as Becton Dickinson, Caliper caliper Instrument that consists of two adjustable legs or jaws for measuring the dimensions of material parts. Spring calipers have an adjusting screw and nut; firm-joint calipers use friction at the joint to hold the legs unmoving. Technologies, and Kimberly Clark. He has been an advisor to many private and public companies. About Acacia Research Corporation Acacia Research develops and operates technology and Internet companies. Acacia Research's majority-owned subsidiaries include: CombiMatrix Corporation (biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of technology), Soundbreak.com Incorporated (music broadcast and lifestyle Internet site), Soundview Technologies Incorporated (v-chip technology) and MerkWerks Corporation (CD-recording software). Significant minority-owned affiliates include: The EC Company (b2b commerce solutions), Mediaconnex Communications Incorporated (software solutions for broadcast advertising transactions), Greenwich Information Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (video- and audio-on-demand technology), and Signature-mail.com LLC (e-mail personalization service). Acacia Research's Web site is located at www.acaciaresearch.com. |
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