Former Upjohn Executive, Ley Smith, Appointed to MDS Proteomics' Board of Directors.Business Editors TORONTO--(BUSINESS WIRE)--June 15, 2001 Company Reinforces Commitment to Transforming Drug Discovery Process with Hire of Pharmaceutical Veteran MDS MDS, n See temporomandibular pain-dysfunction syndrome. MDS 1 Maternal deprivation syndrome, see there 2 Myelodysplastic syndrome, see there Proteomics, a leading proteomics-based drug discovery company, today announced the addition of Ley S. Smith, former executive vice president and president of Upjohn, Inc.'s (now Pharmacia Corporation, NYS 1. Is not. See Nis. : PHA PHA abbr. phytohemagglutinin PHA phytohemagglutinin, a plant lectin. ) US Pharma Product Center, to its board of directors. Smith's 35 years of work with Upjohn provides MDS Proteomics with valuable insight into the pharmaceutical industry. "We are delighted to have Ley join our board of directors," said Frank Gleeson, president and chief executive officer of MDS Proteomics. "His experience with Upjohn and the pharmaceutical industry enhances our ability to achieve our goal to improve the productivity of the pharmaceutical industry by accelerating drug discovery." Prior to joining the board, Smith spent his career with Upjohn, beginning in the sales department, moving to the vice presidency of various international divisions and eventually becoming 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. . Smith's pharmaceutical know-how and operations skills helped ensure the steady growth of the company. "MDS Proteomics is an emerging leader in the area of proteomics. I am excited to participate in the growth and development of the company as a member of its board," said Smith. Smith joins other industry veterans on the board, including Dr. Frank Lee, president and chief executive officer of engeneOS, Inc. and former chief technology officer of Millennium Pharmaceuticals, Inc. Smith currently serves on the boards of several other companies, including MDS Inc., National City Corp., Pharmacologics and Titan Pharmaceuticals Inc. About MDS Proteomics A pioneer in the field of proteomic-enabled drug discovery, MDS Proteomics' goal is to significantly improve the productivity of the pharmaceutical industry in discovering and developing new medicines for the treatment of disease. The company has developed exceptional capabilities in proteomics systems, technology, supercomputing, drug screening and biology and is uniquely positioned to build an effective bridge between gene discovery and therapeutic development. This distinctive capability is being used in collaborations with pharmaceutical and biotechnology companies as well as for the development of the company's own product pipeline. In its proteomics "facilities" in Europe and North America, the company focuses on drug target discovery and validation for both antibody and small molecule therapeutics. MDS Proteomics is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of MDS Inc. About MDS Inc. MDS Inc. (NYSE NYSE See: New York Stock Exchange :MDZ MDZ Mendez MDZ Moskauer Deutsche Zeitung (Moscow German newspaper) MDZ Maritime Defense Zone MDZ Musik Der Zukunft (music label & community) MDZ Mendoza, Mendoza, Argentina - El Plumerillo ; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MDS) is an international health and life sciences company that is focused on fighting disease in numerous ways. Its products and services include: laboratory testing, imaging agents for nuclear medicine testing, sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). systems for medical and consumer products, research and clinical development services for planning and delivery of cancer treatment, analytical instruments to assist in the development of new drugs, and medical/surgical supplies. MDS employs more than 10,000 highly skilled people at its global operations on four continents. Detailed information about the company is available at the MDS Web site at www.mdsintl.com. |
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