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Applera Appoints Kathy Ordonez as President of Celera Genomics.


Business Editors

BIOWIRE2K

NORWALK, Conn.--(BW HealthWire)--April 22, 2002

Applera Corporation today announced the appointment of Kathy Ordonez as president of Celera Genomics Group (NYSE NYSE

See: New York Stock Exchange
:CRA See Community Reinvestment Act. ), effective immediately. Ms. Ordonez will retain her responsibilities as president of the Celera Diagnostics joint venture with Applied Biosystems Applied Biosystems, Inc. (formerly NASDAQ: ABIO) is the original name of a pioneer biotechnology company founded in 1981 in Foster City, California, among the Silicon Valley cities of the southern San Francisco Bay Area.  (NYSE:ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother.


(Application Binary Interface) A specification for a specific hardware platform combined with the operating system.
), and will continue to report to Tony L. White, chairman, president and chief executive officer of Applera Corporation.

In December 2000, Ordonez became the first president of Celera Diagnostics. In this role, she has led the formation of the new joint venture, defined its scientific and business strategies, assembled a seasoned staff of over 145 employees, and placed the business on a course to contribute to the future of diagnostic medicine. Over the prior 15 years, Ordonez held several senior executive positions with Hoffmann La-Roche, including as president and chief executive officer of Roche Molecular Systems for her last nine years. In this capacity, Ordonez oversaw the development of the polymerase chain reaction polymerase chain reaction (pŏl`ĭmərās') (PCR), laboratory process in which a particular DNA segment from a mixture of DNA chains is rapidly replicated, producing a large, readily analyzed sample of a piece of DNA; the process is  (PCR PCR polymerase chain reaction.

PCR
abbr.
polymerase chain reaction


Polymerase chain reaction (PCR) 
) technology from a promising research tool to a routine diagnostic procedure practiced by thousands of clinical laboratories around the world. Prior to joining Roche, she held management and scientific positions with Baker Instruments Corp. and Union Carbide Union Carbide Corporation (Union Carbide) is one of the oldest chemical and polymers companies in the United States, and currently has more than 3,800 employees.  Corp.

"Kathy has a proven track record in leading successful organizations and translating new complex scientific concepts and technologies into viable, market leading businesses of significant value," Mr. White said. "Our evaluation of her business and managerial experience, compared to a wide range of external candidates, led to the conclusion that Kathy Ordonez is the best leader for both of these businesses. While her leadership is expected to facilitate scientific cooperation between Celera Genomics and Celera Diagnostics, her appointment does not signal any change to the corporate structure, or a combination of these businesses."

Jean-Luc Belingard, a member of the Applera Board of Directors and currently chief executive officer of Beaufour-Ipsen, said, "During the ten years I had the opportunity to work with Kathy Ordonez, she distinguished herself as a pragmatic, creative, high-energy, and consensus-building leader who can develop innovative medical products and deliver bottom-line results."

"Celera Genomics has a promising combination of excellent technology platforms in proteomics and genomics, outstanding people, and a demonstrated small molecule drug discovery and lead optimization capability," said Ordonez. "My first goal is to finish the work started by Tony White and the Celera executive leadership to refine Celera's drug discovery strategy and its organization. Our central mission is to build a valuable pipeline of lead candidate compounds and novel drugs for clinical trials in oncology and other select disease areas. We also plan to take advantage of our complementary capabilities and programs in therapeutics and diagnostics to fulfill the promise of individualized in·di·vid·u·al·ize  
tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es
1. To give individuality to.

2. To consider or treat individually; particularize.

3.
 medicine."

Members of Celera's management, including executives with extensive experience at therapeutic companies -- David Block, M.D., chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of Celera's therapeutic business, Scott Patterson Scott Patterson may refer to:
  • Scott Patterson (actor), American actor known for his role on Gilmore Girls
  • Scott Patterson (curler), Canadian curler
, Ph.D, vice president, Proteomics and Michael Venuti, Ph.D., general manager of Celera South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing.  -- will assist Ordonez in the development and implementation of Celera's strategic and organizational plan.

About Applera Corporation and Celera Genomics

Applera Corporation comprises two operating groups. The Celera Genomics Group, located in Rockville, Md., and South San Francisco, Calif., is engaged principally in integrating advanced technologies to discover and develop new therapeutics. Celera intends to leverage its genomic and proteomic technology platforms to identify drug targets and diagnostic marker candidates, and to discover novel therapeutic candidates. Its Celera Discovery System(TM) online platform is an integrated source of information based on the human genome The human genome is the genome of Homo sapiens, which is composed of 24 distinct pairs of chromosomes (22 autosomal + X + Y) with a total of approximately 3 billion DNA base pairs containing an estimated 20,000–25,000 genes.  and other biological and medical sources. The Applied Biosystems Group (NYSE:ABI) develops and markets instrument-based systems, reagents, software, and contract services to the life science industry and research community. Applied Biosystems is headquartered in Foster City, Calif., and reported sales of $1.6 billion during fiscal 2001. Celera Diagnostics, a joint venture between Applied Biosystems and Celera Genomics, is focused on discovery, development, and commercialization of novel diagnostic tests. Information about Applera Corporation, including reports and other information filed by the company with the Securities and Exchange Commission, is available on the World Wide Web at www.applera.com, or by telephoning 800/762-6923. Information about Celera is available on the World Wide Web at www.celera.com.

Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believes," "expected," "planned," and "potential," among others. These forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 are based on Applera Corporation's current expectations. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 provides a "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" for such forward-looking statements. In order to comply with the terms of the safe harbor, Applera Corporation notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. The risks and uncertainties that may affect the operations, performance, development, and results of Celera Genomics' businesses include but are not limited to (1) expected operating losses operating loss

The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income.
; (2) uncertainty of revenue growth; (3) unproven use of genomics information to develop or commercialize products; (4) the lengthy and uncertain development cycle for therapeutic and diagnostic products, and Celera Genomics' unproven ability to develop or commercialize such products; (5) Celera Diagnostics' unproven ability to discover, develop, and commercialize novel diagnostic tests and the uncertainty that Celera Diagnostics will become profitable; and (6) other factors that might be described from time to time in Applera Corporation's filings with the Securities and Exchange Commission.

Note to Editors: Applied Biosystems, Celera, Celera Diagnostics and Celera Genomics are registered trademarks of Applera Corporation or its subsidiaries in the U.S. and certain other countries.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:Apr 22, 2002
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