Barbara Greising Joins Clinical Data's PGxHealth as Division Vice President.NEWTON, Mass. -- Clinical Data, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLDA CLDA California Lyme Disease Association ), a worldwide leader in providing comprehensive molecular and pharmacogenomics Pharmacogenomics is the branch of pharmacology which deals with the influence of genetic variation on drug response in patients by correlating gene expression or single-nucleotide polymorphisms with a drug's efficacy or toxicity. services as well as clinical diagnostics to improve patient care, announced today that it has appointed Barbara Greising, most recently with Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. , Inc., to the position of Vice President, PGxHealth, effective March 27, 2006. Greising will be working with Clinical Data's executive management team on PGxHealth's overall strategy and product development including the introduction and management of current and new Therapeutic Diagnostics(TM). Her responsibilities also include the development and management of the infrastructure required to support the division's expanding catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of tests, management of partnership opportunities focused on both accelerating marker development and adoption of PGxHealth's products and services, and strategies and activities relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc payers, providers and consumers. She will report to Drew Fromkin, Clinical Data's Executive Vice President. At Medco, the leading PBM PBM - play by mail. See play by electronic mail. (prescription benefit management company), Greising was most recently Vice President for Sales, Marketing and Client Services of Medco's specialty pharma division, Specialty Solutions. In this role, Greising oversaw o·ver·saw v. Past tense of oversee. the development and execution of customer sales and retention strategies as well as ongoing client, member and physician services. This role also included responsibility for overall client relationships (including financial, clinical and operational commitments) and any related client specific strategies for Medco's specialty pharma business. Specialty Solutions' clients included payers, employers, unions, benefit consultants and major provider groups. Commenting on Barbara Greising's new position, Drew Fromkin said, "We are delighted Barbara has decided to join our team. She has a strong history of delivering in high growth environments, and we will benefit greatly from her extensive understanding of care management programs, payer and provider requirements as well as the dynamics around the introduction of novel treatments into established care settings. As Clinical Data continues to introduce Therapeutic Diagnostics to optimize the use of therapies in specific patient populations, Barbara's knowledge and experience will have a significant impact across the division's activities and strategy." Greising said, "PGxHealth offers unique opportunities as the division defines itself and executes on its business plan. PGxHealth, a pioneer in its field, already has a strong record of developing and delivering clinical diagnostics and discovering important genetic markers genetic marker n. A gene phenotypically associated with a particular, easily identified trait and used to identify an individual or cell carrying that gene. . I am proud to be joining a team dedicated to improving patient care and reducing total health care costs through the use of cutting-edge technology. I am looking forward to working with Drew and the entire PGxHealth team." Greising also served as Senior Director at Medco responsible for the overall development, implementation and ongoing management of Medco's health management product portfolio. Greising received The Women in Industry (TWIN) Award while in this position. Greising subsequently was promoted to serve as a National Account Executive in 2000 for several large national accounts representing over $1 billion in annual drug spend. Prior to joining Medco in 1996, Greising was an equity partner at Cardiovascular Outcome Management. She has more than 17 years experience in the health care industry including as a former Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. product development professional. Greising received a B.A. from the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. at Albany and an M.B.A. from the Lubin Graduate School of Business at Pace University. About Clinical Data, Inc. Clinical Data, Inc. is a worldwide leader in providing comprehensive molecular and pharmacogenomics services as well as clinical diagnostics to improve patient care. Clinical Data's Therapeutic Diagnostics(TM) division, PGxHealth, builds upon existing assets acquired from Genaissance Pharmaceuticals in the areas of genomics-based, clinical diagnostics, therapeutic efficacy and safety biomarker biomarker /bio·mark·er/ (bi´o-mahr?ker) 1. a biological molecule used as a marker for a substance or process of interest. 2. tumor marker. bi·o·mark·er n. 1. development for drug utilization. PGxHealth plans to develop and introduce novel Therapeutic Diagnostics in combination with new and existing therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. . Clinical Data's Pharmacogenomics and Molecular Services(TM) division, Cogenics, consolidates the operations of Genaissance Pharmaceuticals, Inc., Lark Technologies, Inc. and Icoria, Inc., each acquired during 2005, and Genome genome: see genetics. genome all the genetic content contained within an organism. An organism's genome is made up of molecules of deoxyribonucleic acid (DNA) that form long strands that are tightly wound into chromosomes, which are found in the Express SA, acquired in 2006. Cogenics provides a comprehensive range of molecular and pharmacogenomics services to pharmaceutical, biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. , academia, agricultural, and government clients. These services are offered in both research and regulated environments and have applications across the lifecycle of pharmaceutical product development, including pharmacovigilance requirements post launch. Clinical Data's Vital Diagnostics division consolidates the operations of Clinical Data Sales & Service, Inc., Vital Scientific NV, Vital Diagnostics Pty. Ltd., and Electa Lab s.r.l. This division serves the clinical laboratory in the traditional in-vitro diagnostics market worldwide with a focus on the physician's office, hospital and small-to-medium sized laboratory segments. With customers in approximately 100 countries, Vital Diagnostics has achieved a leading market share for instruments and reagents sold into moderately complex physicians' office laboratories within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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. STATEMENT UNDER 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 This press release contains certain forward-looking information and statements that are intended to be covered by the safe harbor for forward looking statements provided by the Private Securities Litigation Reform Act of 1995. 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 statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about our ability to successfully integrate the operations, business, technology and intellectual property obtained in our recent acquisitions; our ability to obtain regulatory approval for, and successfully introduce our new products; our ability to expand our long-term business opportunities; our ability to maintain normal terms with our customers and partners; financial projections and estimates and their underlying assumptions; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, the effects of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, whether Clinical Data will be able to develop or acquire additional products and attract new business and strategic partners; competition from pharmaceutical, biotechnology and diagnostics companies; the strength of our intellectual property rights; the effect on the Company's operations and results of significant acquisitions or divestitures made by major competitors; the Company's ability to achieve expected synergies and operating efficiencies in all of its acquisitions, and to successfully integrate its operations; and those risks discussed and identified by Clinical Data in its public filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Clinical Data does not undertake any obligation to republish re·pub·lish tr.v. re·pub·lished, re·pub·lish·ing, re·pub·lish·es 1. To publish again. 2. Law To revive (a libel or a canceled will). revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are also urged to carefully review and consider the various disclosures in Clinical Data's SEC reports, including but not limited to its Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005, and fiscal 2005 and 2006 quarterly reports on Forms 10-QSB and 10-Q. Internet Website: www.clda.com |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion