ChemTrak names Edward F. Covell president & chief operating officer.SUNNYVALE, Calif.--(BUSINESS WIRE)--May 29, 1996--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 ) Wednesday announced that the company's board of directors has appointed Edward F. Covell, a senior executive with nearly 30 years experience in the consumer products and medical device industries, to the newly created position of president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Covell's experience includes executive positions with Tambrands Inc. and with The Kendall Co. At Tambrands, he was responsible for the rapid sales growth of the First Response Pregnancy Test pregnancy test Any test used to detect or confirm pregnancy; in early pregnancy, all PTs measure hCG, the developing placenta's principal hormone, which is detectable as early as 6 days after fertilization; in clinical laboratories, serum levels of hCG are , a pioneer home diagnostic product. Dr. Prithipal Singh, Ph.D., ChemTrak's founder and current chairman, president and chief executive officer will continue as chairman 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. . "The appointment of Ed Covell," said Dr. Singh, "is the next step in a critical, ongoing process for ChemTrak. We are moving aggressively into the consumer marketplace with a series of diagnostic tests meant for use in the home -- directly by the consumer. Ed brings a track record of success to ChemTrak in precisely that area." ChemTrak markets a home test for cholesterol in the United States and overseas, under the brand name CholesTrak(tm). The company is also awaiting U.S. Food and Drug Administration clearance for its home collection test system for 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. . Other ChemTrak products now in development include tests for the asthma drug theophylline theophylline /the·oph·yl·line/ (the-of´i-lin) a xanthine derivative found in tea leaves and prepared synthetically; its salts and derivatives act as smooth muscle relaxants, central nervous system and cardiac muscle stimulants, and and H. pylori (Helicobacter pylori, which is associated with peptic ulcers). Covell served as president and chief operating officer of Medchem Products Inc. of Woburn, Mass. Medchem is a manufacturer of medical devices serving customers in 14 countries. From 1980 through 1990, Covell held a series of increasingly responsible positions, ending as corporate vice president and general manager of the Diagnostics Division, with Tambrands of Lake Success, N.Y. Tambrands is a $600 million per year consumer health-care products company. From 1968 through 1980, he served in management and product development positions with The Kendall Co., a diversified manufacturing company with world sales in 1980 of $500 million. His assignments included work as a division general manager in France and the United Kingdom. Covell earned his bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in chemistry from Providence College in 1966 and did graduate study in organic chemistry at Northeastern University. He served in the U.S. Army in the Corps of Engineers in Vietnam. Currently a resident of Humarock, Mass., Covell will relocate to the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . ChemTrak is a full-service personal diagnostics company that develops and manufactures reliable and easy-to-use home testing systems. ChemTrak markets its products to over-the-counter and professional markets worldwide -- either directly or through strategic alliances with established health care and consumer product companies. CONTACT: ChemTrak Inc., Sunnyvale Alene A. Holzman, 408/773-8156 or Freeman/McCue Public Relations Timothy L. Dolan, 714/557-3663 |
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