Cohesion Appoints Thomas M. Prescott to Its Board of Directors.Business Editors & Medical/Science Writers PALO ALTO, Calif.--(BW HealthWire)--Sept. 7, 2000 Cohesion Technologies, 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 NM:CSON CSON Connell School of Nursing (Boston College) ) - a leader in the development of proprietary surgical hemostats hemostats Surgery A hand-held surgical instrument with flattened opposing surfaces used to occlude blood vessels for hemostasis , sealants, adhesives and adhesion prevention barriers - today announced that Thomas M. Prescott (45) has joined the Company's Board of Directors, increasing the size of the Board to nine members. Since May 1999, Mr. Prescott has served as President, Chief Executive Officer and a Director of Cardiac Pathways (NASDAQ NM: CPWY), a manufacturer of minimally invasive systems to diagnose and treat abnormally rapid heart rhythms. Previously, Mr. Prescott was Vice President and General Manager of a $200 million respiratory business unit of Nellcor Puritan Bennett. While running this business, he led a major turnaround by driving substantial growth through new products and consolidating operations to return the business to profitability. Mallinckrodt acquired Nellcor Puritan in September 1997. Mr. Prescott also held various positions of increasing responsibility at GE Medical Systems, and has worked in the medical device and technology space since 1981. "For nearly 20 years, Tom has demonstrated his talents in high growth and new product general management, sales and marketing assignments at firms ranging from start-ups to world-class global leaders. He is recognized as a successful operations executive, beginning with his General Electric management training early in his career," stated David Foster, chief executive officer of Cohesion Technologies. "His experience in the medical device industry is considerable, and we look forward to the insight he will bring to Cohesion Technologies particularly as we drive for growth through launching new products, expanding marketing and ramping-up manufacturing." Mr. Prescott holds a BS in Engineering from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. and an Executive MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Northwestern University's Kellogg Graduate School of Management. Cohesion Technologies discovers, develops and commercializes innovative resorbable biodevices, adhesive technologies and delivery systems in the fields of tissue repair and regeneration. The Company is developing products for the estimated $1.3 billion worldwide surgical hemostasis hemostasis /he·mo·sta·sis/ (he?mo-sta´sis) (he-mos´tah-sis) 1. the arrest of bleeding by the physiological properties of vasoconstriction and coagulation or by surgical means. 2. and sealant markets. For more information on Cohesion Technologies, please visit the Company's Web site at www.cohesiontech.com. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "anticipates," "estimates," "projects," "believes," "intends," "expects" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . Actual results are subject to risks and uncertainties, including the timing of product introductions, the success of scaling up product production, the timing and terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. arrangements with other companies, performance of third-party sales representatives, receipt of regulatory approvals, including approvals from the 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. , clinical efficacy of and market demand for products, results of clinical studies and potential unfavorable publicity regarding Cohesion Technologies or its products, among other matters discussed in this release. Such differences may be based upon factors within the Company's control, such as strategic planning decisions by management and reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation of internal resources, or on factors outside the Company's control, such as scientific advances by third parties, introduction of competitive products and delays by regulatory authorities, including approvals from the FDA. Please see the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's 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. and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. The Company disclaims any obligation to update any of the forward-looking statements contained herein to reflect future events or developments. |
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