Clinical Data Strengthens Cogenics Management Team with Strategic Appointments.NEWTON, Mass. -- 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 ), a worldwide leader in providing comprehensive molecular and pharmacogenomics services as well as clinical diagnostics to improve patient care, announced today that it has appointed Robert Bondaryk, Ph.D., most recently Executive Vice President, General Manager and Business Development, Proteome pro·te·ome n. The complete set of proteins that are produced by the genes of an organism. proteome the entire complement of proteins produced by a cell. Systems, Inc. and Vice President, Life Science and Drug Discovery, Fischer Scientific, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to the position of General Manager and Unit Head, Cogenics. The company has also appointed Abdul Ally as Cogenics' Vice President of Laboratory Operations; he previously served as Director, Operations & Development at Sigma Proligo and Sigma Genosys. Cogenics offers integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. for genotyping, sequencing, gene expression and DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic extraction and biorepository, in both bioresearch bi·o·re·search n. Research in the biological sciences. and FDA-regulated environments. In his new position, Dr. Bondaryk will be working as a key member of Clinical Data's senior management team on Cogenics strategy, client development, refinement and enhancement of the business unit service offerings as well as the near term focus of managing the unit toward profitability. He will report to Drew Fromkin, Clinical Data 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. . Mr. Ally will manage day-to-day laboratory operations as well as be responsible other associated functions to rapidly achieve the company's objectives and goals. He will report to Dr. Bondaryk. Commenting on the appointments, Drew Fromkin, Clinical Data's President and CEO said, "As a pioneer and leader in the field of genomic services, Cogenics already has a strong record of providing comprehensive pharmacogenomics and molecular services to the scientific community. As the industry evolves, Cogenics must continue to enhance its broad and comprehensive offerings while running its operations in a manner consistent with a services business. Bob Bondaryk has a sound balance of experience in the areas of healthcare services, diagnostics as well as bioresearch and distribution management. In addition, his combination of strong science and business skills coupled with his knowledge of our markets and clients will greatly benefit Cogenics and the other genomics activities within Clinical Data in both the US and abroad. In addition, the skill sets of Dr. Bondaryk and Mr. Ally will bolster an already seasoned team and drive the business in the areas of strategic growth and profitability. As Clinical Data continues to introduce innovative, tailored service solutions and pursues growth and greater market share, we know Bob and Abdul will play a major role in achieving these goals." Dr. Bondaryk said, "Cogenics already has established an enviable position as a trusted provider of a complete range of pharmacogenomics and 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 services to pharmaceutical, biotechnology and agribusiness companies and to clinical and academic bioscience research organizations. I am looking forward to working with Drew and the entire Cogenics team to build on this unique legacy by continuing to respond aggressively to the evolving genomic services needs of our client-customers as Science moves rapidly forward. We remain firmly committed to delivering the highest quality analysis and procedural excellence available anywhere and steadfast in our commitment to the many vitally important responsibilities our client-customers have entrusted to us. By contributing significantly to the success of our clients, we will share significantly in that success at Cogenics and Clinical Data, Inc." At Proteome Systems, Dr. Bondaryk served as Executive Vice President and General Manager of the US division of the Sydney, Australia-based biotechnology company that used advanced proteomics technologies for the discovery of biomarkers for diagnosis, prognosis, and treatment. In this position, Dr. Bondaryk led US marketing and business development while maintaining a dialogue with pharmaceutical, biotech, and diagnostic companies and academic institutions globally. In addition, Dr. Bondaryk managed Proteome System's entry into the US pharma market via the successful integration of Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. based Eukarion, Inc., a small-molecule drug development company, after it was acquired. Dr. Bondaryk also served as Vice President, Life Science and Drug Discovery at Fisher Scientific Fisher Scientific, formally Fisher Scientific International, Inc. and colloquially Fisher was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets. , LLC; Vice President of Corporate Development at Pharm-Eco Laboratories; Co-Founder and President of Medtech Capital, Inc.; and Senior Consultant at Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , Inc. Dr. Bondaryk has received his Ph.D. in Biochemistry from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. and also completed an accelerated business curriculum for Ph.D.'s at Harvard, and he has an A.B. from Bowdoin College Bowdoin College, at Brunswick, Maine; coeducational; chartered 1794, opened 1802, named for James Bowdoin. One of the nation's older colleges, its alumni include Nathaniel Hawthorne, Henry Wadsworth Longfellow, and Franklin Pierce. in Biology. He serves currently on the Drug Discovery Committee of the Massachusetts Biotechnology Council, the Life Sciences Alliance of the Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. Chamber of Commerce, and the Corporation of Boston Biomedical Research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine. Institute. Mr. Ally's previous responsibilities at Sigma Proligo and Sigma Genosys included management of Operations and the global development efforts of 14 worldwide manufacturing sites to improve product quality and on time delivery while lowering manufacturing costs; designing and implementing new manufacturing processes, automation of instrumentation; development of emerging product lines in Custom DNA, RNA and Peptide manufacturing; managing DNA and Peptide Manufacturing, Chemistry and Engineering technology development groups; establishment of comprehensive metrics to monitor Performance; and increased site communication and ensuring continuous process improvements. Mr. Ally made significant improvements to Sigma Genosys Nucleic Acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. Manufacturing Operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. to ensure the successful implementation of the overall strategy to achieve a #1 position in the Global Market for nucleic acid manufacturing. Mr. Ally has previously served as Director of Engineering at Marligen Biosciences, Inc.; Director of R&D Engineering and Senior Staff Scientist of the Genome Analysis Group at Life Technologies, Inc.; and DNA Sequencing Production at Lark Sequencing Technologies, Inc. Mr. Ally has also served as a faculty member in Cellular and Developmental Biology Developmental biology A large field of investigation that includes the study of all changes associated with an organism as it progresses through the life cycle. The life cycles of all multicellular organisms exhibit many similarities. at Harvard University working on the Multiplex Genome Walking Project. He has received his M.Sc. in Molecular Biology from Howard University. About Clinical Data, Inc. Clinical Data, Inc. is a worldwide leader in providing comprehensive molecular and pharmacogenomics services as well as genetic tests to improve patient care. The Company, founded in 1972, is organized under three worldwide divisions segmented by service offerings and varying client constituents: PGxHealth(TM); Cogenics(TM); and Vital Diagnostics(TM). Clinical Data's Therapeutic Diagnostics(TM) division, PGxHealth, builds upon existing assets and know-how acquired from Genaissance Pharmaceuticals in the areas of genomics-based, genetic tests and therapeutic efficacy and safety biomarker development for drug utilization. PGxHealth plans to develop and introduce novel Therapeutic Diagnostics in some instances in combination with new and existing therapeutics. Clinical Data's Pharmacogenomics and Molecular Services(TM) division, Cogenics, consolidates the operations of Genaissance Pharmaceuticals, Inc., Lark Technologies, Inc. and Icoria, Inc., each acquired during 2005, and Genome Express SA, acquired in 2006. Cogenics provides a comprehensive range of molecular and pharmacogenomics services to pharmaceutical, biotech, academia, agricultural, and government clients. These services are offered in both research and regulated environments and have applications across the lifecycle of pharmaceutical product development including pharmacovigilance requirements post-launch. Clinical Data's Vital Diagnostics division consolidates the operations of Clinical Data Sales & Service, Inc., Vital Scientific NV, Vital Diagnostics Pty. Ltd., and Electa Lab s.r.l. This division serves the clinical laboratory in the traditional in-vitro diagnostics market worldwide with a focus on the physician's office, hospital and small-to-medium sized laboratory segments. With customers in approximately 100 countries, Vital Diagnostics has achieved a leading market share for instruments and reagents sold into moderately complex physicians' office laboratories within the United States. Clinical Data currently employs a staff of over 430. The Company is headquartered in Newton, Massachusetts with operations in Texas, Connecticut, RTP (1) (Rapid Transport Protocol) The protocol used in IBM's High Performance Routing (HPR) system. (2) (Realtime Transport Protocol) An IP protocol that supports real time transmission of voice and video. - North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , and California as well as internationally in the UK, France, the Netherlands, Italy and Australia. Furthermore, Clinical Data has numerous distribution, licensing, development and other collaborations with key partners. 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 and statements 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, statements about our ability to successfully integrate the operations, business, technology and intellectual property obtained in our recent acquisitions; our ability to obtain regulatory approval for, and successfully introduce our new products; our ability to expand our long-term business opportunities; our ability to maintain normal terms with our customers and partners; financial projections and estimates and their underlying assumptions; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, the effects 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, but are not limited to, whether Clinical Data will be able to develop or acquire additional products and attract new business and strategic partners; competition from pharmaceutical, biotechnology and diagnostics companies; the strength of our intellectual property rights; the effect on the Company's operations and results of significant acquisitions or divestitures made by major competitors; the Company's ability to achieve expected synergies and operating efficiencies in all of its acquisitions, and to successfully integrate its operations; and those risks discussed and identified by Clinical Data in its public filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Clinical Data does not undertake any obligation to republish 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 Clinical Data's SEC reports, including but not limited to its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended March 31, 2006, and fiscal 2005 and 2006 quarterly reports on Forms 10-QSB and 10-Q. Internet Website: www.clda.com |
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