Bio-Technology General Corp. Announces Election of Two New Board Members.Business Editors/Health/Medical Writers BIOWIRE2K EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--June 17, 2003 -- Jeremy Hayward-Surry, President of Pall Corporation -- -- Stephen O. Jaeger, Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of eBT International, Inc. -- Bio-Technology General Corp. (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 :BTGC BTGC Bio-Technology General (stock symbol) BTGC Bukit Tinggi Golf Club (Malaysia) ) (Savient Pharmaceuticals, Inc., NASDAQ:SVNT, effective June 23, 2003) today announced the election, at its annual meeting of stockholders, of two new directors to the Company's Board of Directors: Jeremy Hayward-Surry and Stephen O. Jaeger. Mr. Hayward-Surry, 60, is retiring as President and a director of Pall Corporation (NYSE NYSE See: New York Stock Exchange :PLL PLL - phase-locked loop ), a leading international manufacturer of sophisticated clarifications and separations products for the pharmaceutical and chemical industries, and one of the top 500 industrial companies in the United States. Mr. Hayward-Surry started with Pall Europe Ltd., a wholly-owned subsidiary of Pall Corporation, in 1974 and transferred to Pall Corporation in 1989 where he has held numerous key management positions. Mr. Jaeger, 58, is Chairman, Chief Executive Officer, and President of eBT International, Inc., a company that has been a developer and marketer of enterprise-wide Web content management software solutions and associated services, including technical consulting, training and support. Prior to joining eBT in 1999, he held senior finance and management positions at The Clinical Communications Group, Applera Corporation, Houghton Mifflin Company, and The British Petroleum Company PLC. "We are very pleased to welcome these two talented individuals to our Board," stated Sim Fass, Chairman and Chief Executive Officer of the Company. "They each bring years of successful corporate experience to our organization. We believe their business, finance, and strategic management skills complement the abilities of our current directors, and we look forward to benefiting from their contributions." Messrs. Hayward-Surry and Jaeger fill the Board seats vacated by Allan Rosenfield, who will be devoting more time to his academic activities and commitments, and Dan Tolkowsky, a founding Board member, who has retired after providing more than twenty years of invaluable guidance and counsel. Mr. Tolkowsky will assume the newly created position of Director Emeritus. In addition to the election of the new board members, stockholders approved the re-election of all other members of the Board: Herbert J. Conrad, President (retired), Roche Pharmaceuticals Division, Hoffmann La-Roche, Ltd.; Sim Fass, Chairman and Chief Executive Officer of the Company; Carl E. Kaplan, Esq., Senior Partner, Fulbright and Jaworski LLP LLP - Lower Layer Protocol ; David Tendler, Partner, Tendler Beretz LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Virgil Thompson, President and Chief Executive Officer, Angstrom Pharmaceuticals, Inc.; Faye Wattleton, President, Center for the Advancement of Women The Center for the Advancement of Women is a not-for-profit institution dedicated to research-based education and advocacy for women. An independent, non-partisan organization founded in 1995 and led by Faye Wattleton, their mission is to conduct national opinion research among ; and Herbert Weissbach, Ph.D., Director, Center for Molecular Biology and Biotechnology, Florida Atlantic University “FAU” redirects here. For other uses, see FAU (disambiguation). Florida Atlantic University, also referred to as FAU or Florida Atlantic, is a public, coeducational research university with its main campus in Boca Raton, Florida, United States. . About The Company Bio-Technology General Corp. (Savient Pharmaceuticals, Inc.) is a specialty pharmaceutical company with expertise in developing, manufacturing, and marketing human health care products for niche and wider markets. Products marketed by the Company's sales force in the United States are Oxandrin(R) (oxandrolone, USP USP - unique sales point ) and Delatestryl(R) (testosterone enanthate). The Company's subsidiary, Rosemont Pharmaceuticals, Limited, develops, manufactures, and markets oral liquid formulations of prescription products for the UK pharmaceutical market through its own sales force. The Company's Israeli subsidiary, Bio-Technology General (Israel), Ltd., manufactures and markets in Israel Bio-Tropin(TM) (recombinant human growth hormone human growth hormone (HGH): see growth hormone. ), BioLon(TM) (sodium hyaluronate hyaluronate /hy·al·uro·nate/ (hi?ah-ldbobr´ro-nat) a salt, anion, or ester of hyaluronic acid. The sodium salt and a derivative of it are used as analgesics in the treatment of osteoarthritis of the knee. ), Bio-Hep-B(R) (hepatitis B vaccine hepatitis B vaccine n. Abbr. HB A vaccine prepared from the inactivated surface antigen of the hepatitis B virus and used to immunize against hepatitis B. ), and Arthrease(TM) (sodium hyaluronate for osteoarthritis). Products marketed by the Company's licensees are Mircette(R) (oral contraceptive), and BioLon(TM) in the United States, and Bio-Tropin(TM), BioLon(TM), Bio-Hep-B(R), Silkis(R) (vitamin D derivative), Arthrease(TM), and recombinant human insulin Noun 1. recombinant human insulin - a form of insulin (trade name Humulin) made from recombinant DNA that is identical to human insulin; used to treat diabetics who are allergic to preparations made from beef or pork insulin Humulin , in international markets. The Company's news releases and other information are available on the Company's website at www.btgc.com, and www.savientpharma.com, effective June 23, 2003 Arthrease is a trademark of DePuy Orthopaedics, Inc.; Mircette is a registered trademark of Organon, Inc.; Silkis is a registered trademark of Galderma S.A. Statements in this news release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, development, introduction, or consumer acceptance of competing products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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