Beyond Genomics Becomes BG Medicine, Appoints Pieter Muntendam, MD President; Moves Underscore Sharpened Focus On Drug Development Applications.WALTHAM, Mass. -- Beyond Genomics, Inc. today announced its name change to BG Medicine Inc. The company also announced the appointment of Pieter Muntendam, MD as its new President to lead the company's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and strategy. BG Medicine's new name and new leadership reflect the decision to focus on high-value drug development applications of its proprietary Systems Pharmacology platform that is based on the scientific advances in the nascent Systems Biology Systems biology, a field of study in the biosciences, focuses on the systematic study of complex interactions in biological systems. Particularly from 2000 onwards, the term is used widely in the biosciences, and in a variety of contexts. field. "The public's demand for safer and more effective treatments and the pharmaceutical industry's growing need for new products present tremendous opportunities for BG Medicine," said Noubar B. Afeyan, PhD, Executive Chairman. "Recent events in the pharma industry have fuelled the recognition that the time has come for science-enabled drug development using the approach pioneered by BG Medicine. Pieter Muntendam brings the right mix of entrepreneurial and corporate experience to lead the next phase of this company's development, capitalizing on the company's leadership in the field." Afeyan continued. "With over four years of experience in solving complex problems for our pharmaceutical partners, BG Medicine is unique in having the production-ready platform to rapidly characterize the molecular pharmacology of drugs and drug candidates in both animal studies and clinical trials - we call this Systems Pharmacology," explained Pieter Muntendam, President. "Our platform integrates metabolite metabolite, organic compound that is a starting material in, an intermediate in, or an end product of metabolism. Starting materials are substances, usually small and of simple structure, absorbed by the organism as food. , protein and gene transcript profiling to systematically characterize the molecular changes due to disease or drug effects. Our experience in obtaining such Systems Response Profiles(TM) in a variety of conditions, including metabolic, cardiovascular and CNS See Continuous net settlement. CNS See continuous net settlement (CNS). diseases and oncology, illustrates the important role we can play in drug development, by improving its efficiency, and producing higher overall pharmaceutical R&D productivity. This creates exciting opportunities to improve upon leading drug classes, identify new indications, and explore novel drug combinations." Muntendam added. Pieter Muntendam received his MD from Leiden University The Faculty of Creative and Performing Arts is a cooperation between Leiden University and the Royal Conservatoire and Royal Academy of Art. The university has never had a faculty of economics, business or management, since all these decades one thought this would not fit into its in The Netherlands, where he began his career with Organon International Organon is a pharmaceutical company headquartered in Roseland, New Jersey that is part of Akzo Nobel. Organon deals in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, HRT and anesthesia. Organon sells to international markets. . He went on to hold key roles in some of the world's largest pharmaceutical firms. As Vice President of Care Management at Glaxo Wellcome (now GlaxoSmithKline), Dr. Muntendam was responsible for the development and implementation of its entry strategy into the field of care and disease management. Previously he was Vice President of Research and Development, International, and a member of the Board of Directors for two Johnson & Johnson operating companies operating company A business that engages in transactions with outsiders. . Most recently he led the Biopharmaceutical and Healthcare practice at NetNumina, a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. company focused on leveraging information technology to improve biopharma yield and efficiency. Dr. Muntendam's extensive experience with early-stage companies includes founding health management firm ProMedex, acquired by SHPS SHPS Sykes Health Plan Services (OPM designated long-term care partner) SHPS St. Hope Public Schools (California) SHPS Strategic Health and Productivity Solutions in 2004; and co-founding a subsidiary of Millennium Pharmaceuticals Millennium Pharmaceuticals NASDAQ: MLNM is a biotechnology company based in the Cambridge, Massachusetts area of the United States of America. Founded in 1993, the company conducts research in various scientific areas, currently focusing on inflammation and oncology. , Vitivity, where he served as Vice President of Medicine. About BG Medicine BG Medicine is pioneering the commercial application of Systems Pharmacology, which is based on scientific advances in the Systems Biology field. Its advanced proprietary platform enables novel paths to new medicines through molecular fingerprinting of genes, proteins, and metabolites Metabolites Substances produced by metabolism or by a metabolic process. Mentioned in: Interactions combined with powerful bioinformatics integration to produce Systems Response Profiles(TM). These profiles, which combine information from multiple physiological compartments and often include thousands of distinct analyte levels, have enabled unprecedented molecular characterization of disease states and drug responses. BG Medicine applies its novel approach through collaborations with leading pharmaceutical companies. Founded in 2000 and located in Waltham, Mass., BG Medicine is backed by Flagship Ventures and Gilde Investment Management. For more information see www.bg-medicine.com. |
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