ChemTrak expands product development and sales capabilities with key management additions.SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 21, 1995--ChemTrak, 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 :CMTR CMTR Certified Material Test Report CMTR Combined Marginal Tax Rate ), a leading personal diagnostics company and creator of the industry's first FDA-cleared cholesterol home test, announced today the appointment of Rodger J. Richeal as Vice President of Scientific Affairs, and Christopher P. Matoske as Director of Trade Sales and Marketing. According to ChemTrak 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. Prithipal Singh, Ph.D., Richeal and Matoske will be instrumental in bringing to market the company's two newest products, a home HIV test HIV test Various tests have been used to detect HIV and production of antibodies thereto; some HTs shown below are no longer actively used, but are listed for completeness and context. See HIV, Immunoblot. service and H. pylori test, both of which are awaiting FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance. According to Singh, the company's PMA PMA (papillary-marginal-attached), n a system of epidemiologic scoring of periodontal disease devised by Schour and Massler in which the symbols denote the areas involved in gingival inflammation. PMA Progressive muscular atrophy application for its home HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. reference test and counseling service has been accepted for review by the FDA and is awaiting FDA clearance, which the company presently anticipates will occur in 1996. According to OTC Market Report, Update USA, the market opportunity for an HIV home test is estimated at $200-800 million. ChemTrak's H. pylori test, which screens for bacteria commonly associated with ulcers and stomach cancer, has entered clinical trials, and the company expects to file a 510K submission with the FDA by the end of 1995. Through an exclusive agreement with Astra Merck, the H. pylori test will be marketed as a companion product to Prilosec(R) (omeprazole), which exceeded sales of $1 billion last year. As Vice President of Scientific Affairs, Richeal will manage all clinical and regulatory activities, as well as the company's in-house HIV reference laboratory. Inspections of the ChemTrak HIV reference laboratory are scheduled to begin during the first quarter of 1996. Of the three companies awaiting FDA approval of their HIV home test, ChemTrak is the only company to operate its own in-house reference laboratory, which will assure confidentiality and efficient turn-around of results to consumers, while at the same time enable the company to expand its product line with additional consumer tests. Richeal brings to ChemTrak 25 years of diagnostics industry experience, with expertise in regulatory affairs, Good Manufacturing Practices (GMP GMP (guanosine monophosphate): see guanine. ) validation and operations scale-up. Key positions prior to ChemTrak included Vice President of Operations, Clinicals and Regulatory Affairs for Abaxis, and Vice President of Corporate Development for Syva Company. Matoske, a former marketing executive with Bayer Corporation, joins ChemTrak as Director of Trade Sales and Marketing. Having spent more than 11 years with Bayer's Diagnostics Division, Matoske was responsible for the company's $200 million Trade/Retail Market Segment. He managed the successful introduction of two new home glucose monitoring glucose monitoring Lab medicine The periodic evaluation of any analyte abnormal in Pts with DM, to assess short and long-term control with antiglycemic agents. See Glucose, Glycated hemoglobin. diagnostic products. He also supervised the development and implementation of customized retail programs with national account managers. Utilizing his strong relationships with key retail wholesalers, Matoske will work closely with mass merchandisers, food and chain drug stores, as well as health food and specialty stores, to assure the successful introduction of future ChemTrak products. Based in Sunnyvale, Calif., ChemTrak is a full-service personal diagnostics company that develops and manufactures reliable and easy-to-use home testing systems which screen and diagnose health conditions with accuracy comparable to physician office and laboratory instrumented tests. CONTACT: ChemTrak, Inc., Sunnyvale Alene A. Holzman, 408/773-8156 or Freeman/McCue Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Pam Hill/Daniel McCue, 714/557-3663 |
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