Bone Care International Announces Appointment of Paul L. Berns as President and CEO.Business Editors/Health & Medical Writers MIDDLETON, Wis.--(BUSINESS WIRE)--June 5, 2002 Bone Care International, 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 : BCII BCII Battle Command and Intelligence Integration ), announced today that Paul L. Berns will become President and 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. as of 10 June 2002, and also will join the Board of Directors. Mr. Berns was formerly Vice President and General Manager of the Immunology and Oncology business unit of Abbott Laboratories. His prior appointments included ten years at Bristol Myers Squibb, where he became the Vice President of Neuroscience Marketing, and more recently Vice President of Marketing at BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Pharmaceuticals prior to its acquisition by Abbott. The retained search for the position was conducted by the health care group of TMP TMP (thymidine monophosphate): see thymine. Worldwide. Dr. Richard B. Mazess, Chairman and Acting President, indicated that "the Board was extremely pleased to have been able to recruit an extremely talented individual whose demonstrated sales and marketing skills will aid Bone Care as it transitions from a research endeavor to a fully functional pharmaceutical enterprise." Dr. Mazess, who founded the company, will remain Chairman of the Board, and will stay closely affiliated with the company to provide guidance on patents, basic research, and clinical development. Bone Care is a pharmaceutical company engaged in discovering, developing and commercializing improved vitamin D-hormone therapies to treat secondary hyperparathyroidism secondary hyperparathyroidism Endocrinology ↑ Parathyroid activity with overproduction of PTH due to parathyroid hyperplasia in response to an extraparathyroid defect that results in ↓ Ca2+ Etiology Rickets, vitamin D deficiency, chronic renal failure in patients with kidney, or renal disease Renal disease Kidney disease. Mentioned in: Glycogen Storage Diseases hypertension High blood pressure Cardiovascular disease An abnormal ↑ systemic arterial pressure, corresponding to a systolic BP of > 160 mm Hg , and osteoporosis, and other diseases including psoriasis and cancers of the prostate, breast and colon. This press release contains forward-looking statements. Statements relating to future net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight , costs of sales, other expenses, profitability, financial resources, or products and production schedules, or statements that predict or indicate future events and trends and which do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are made pursuant to the 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. provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on management's beliefs as well as assumptions made by and information currently available to management. Accordingly, the Company's actual results may differ materially from those expressed or implied in such forward-looking statements due to known and unknown risks and uncertainties that exist in the Company's operations and business environment, including, among other factors, technical risks associated with the development of new products, regulatory policies in the United States and other countries, reimbursement policies of public and private health care payors, introduction and acceptance of new drug therapies, competition from existing products and from new products or technologies, the failure by the Company to produce anticipated cost savings or improve productivity, the timing and magnitude of capital expenditures and acquisitions, currency exchange risks, economic and market conditions in the United States, Europe and the rest of the world, and other risks associated with the Company's operations. The Company disclaims any obligation to update any such factors or to publicly announce any revisions to any of the forward-looking statements contained herein to reflect future events or developments. |
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