Clinical Data Appoints Carol Reed Chief Medical Officer and John Schultz Senior Vice President, Business Development.NEWTON, Mass. -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: CLINICAL DATA APPOINTS CAROL REED CHIEF MEDICAL OFFICER AND JOHN SCHULTZ John Schultz (born September 28, 1938) is a former Australian rules football player, who played for the Footscray Football Club in the (then) Victorian Football League (VFL) and is one of the club's greatest players. SENIOR VICE PRESIDENT, BUSINESS DEVELOPMENT Seasoned Executives to Expand Senior Management Team Clinical Data, 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 :CLDA CLDA California Lyme Disease Association ) today announced the appointment of two new key members of the company's senior management team: Carol Reed, M.D., as Senior Vice President and Chief Medical Officer, and John A. Schultz, as Senior Vice President, Business Development. Dr. Reed is joining Clinical Data following the completion of the company's previously announced merger with Genaissance Pharmaceuticals, Inc., where Dr. Reed served as that company's Vice President, Medical Affairs since 2003. In her new role with Clinical Data, Dr. Reed, 52, will be responsible for Clinical Data's drug-specific partnership collaborations and clinical programs. Dr. Reed joined Genaissance from Bayer Pharmaceuticals, Inc., where she was an Associate Medical Director in Pulmonary Medical Research. Previously, she was the Associate Director, Section of Pulmonary and Critical Care Medicine at the Hospital of St. Raphael and directed its Medical Intensive Care Unit. Dr. Reed received a M.S. in Molecular Biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller from the University of Illinois University of Illinois may refer to:
In the newly created position of Senior Vice President, Business Development, Mr. Schultz will be responsible for developing and managing Clinical Data's business opportunities in the pharmacogenomics Pharmacogenomics is the branch of pharmacology which deals with the influence of genetic variation on drug response in patients by correlating gene expression or single-nucleotide polymorphisms with a drug's efficacy or toxicity. and biomarker diagnostics markets. Mr. Schultz, 43, most recently was Vice President, Business Development of Pathway Diagnostics Corporation, where he was responsible for the development of biomarker diagnostics business opportunities and out-licensing activities. Prior to Pathway Diagnostics, Mr. Schultz headed the Life Sciences Business Development activities at the Office of Intellectual Property Administration at UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX , and prior to that position was Director of Business Development at Specialty Laboratories where he spearheaded their licensing activities. Mr. Schultz also has extensive experience in the clinical diagnostics market, including serving as General Manager for the ImmunoSystems' Division of BioChem Pharma (now Shire Pharmaceuticals), as well as positions at Sigma-Aldrich Corp., Isolab Inc. (now Perkin Elmer) and Mallinckrodt's Forma Scientific Division (now Thermo Electron Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956) is a major provider of analytical instruments and services for a variety of domains. Thermo has revenues of over $2 billion, and employs 11,000 people in 30 countries. ).Mr. Schultz holds a 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 from Washington State University Washington State University, at Pullman; land-grant and state supported; chartered 1890, opened 1892 as an agriculture college. From 1905 to 1959 it was the State College of Washington. and a Master of Business Administration Degree from The Garvin School of International Management. Israel M. Stein, MD, 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. of Clinical Data commented. "We are delighted to add seasoned senior executives of Carol and John's caliber to the CLDA team, as we expand our diagnostic business into major new opportunities in the pharmacogenomics market." About Clinical Data, Inc. Clinical Data, Inc. is a worldwide leader in developing and commercializing pharmacogenomics and clinical diagnostics to improve patient care. The Company's genomic services are marketed to the pharmaceutical, biotech, diagnostic, academic and agricultural marketplaces. The Company is utilizing pharmacogenomics to develop molecular diagnostics and more efficacious therapeutics by finding genetic markers to guide drug development and utilization. Our diagnostics and instrumentation business has a market focus on the physician office, hospital and small to medium sized laboratory segments. 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. STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995 This press release contains certain forward-looking information that are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: those discussed and identified in public filings with the U.S. Securities and Exchange Commission made by CLDA; significant acquisitions or divestitures by major competitors; our ability to consummate our announced acquisition of Icoria, Inc.,and to achieve expected synergies and operating efficiencies in all of our acquisitions, and to successfully integrate our operations. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. CLDA does not undertake any obligation to republish re·pub·lish tr.v. re·pub·lished, re·pub·lish·ing, re·pub·lish·es 1. To publish again. 2. Law To revive (a libel or a canceled will). revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are also urged to carefully review and consider the various disclosures in CLDA's various SEC reports, including but not limited to its Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005, and 2004 and 2005 quarterly reports on Form 10-QSB and 10-Q. |
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