Genomica Corporation Appoints Michael ``Mick'' J. Savage to its Board of Directors.Business Editors & Health/Medical Writers BIOWIRE2K BOULDER Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). , Colo.--(BW HealthWire)--June 19, 2001 Genomica Corporation (Nasdaq: GNOM), a leading bioinformatics Using computers in biological research to analyze or predict the composition of molecules (nucleic acids, proteins, etc.) and model biologic systems. Bioinformatics is most prominent in the Human Genome Project, which has recorded the three billion chemical base pairs that make up the company developing software tools to facilitate gene discovery and drug development, today announced the appointment of Michael ("Mick") J. Savage to its Board of Directors. Mr. Savage brings to the Board over 24 years of executive experience in the pharmaceutical and life sciences industries, most recently including eight years as the Chief Executive Officer and President of Molecular Simulations Inc., which was acquired by Pharmacopeia pharmacopeia /phar·ma·co·pe·ia/ (-ko-pe´ah) an authoritative treatise on drugs and their preparations. See also USP. pharmacopei´al United States Pharmacopeia see under U. in 1998. Mr. Savage will fill the Board seat being vacated by Dr. Arnold J. Levine, who is joining Genomica's Scientific Advisory Board. "Mick brings to our Board of Directors a tremendous amount of experience and success in the biotechnology industry," stated Teresa W. Ayers, Chief Executive Officer of Genomica. "His broad experience and knowledge of biology, chemistry and information technology for pre-clinical research and development will help us as we expand our product offerings and functionality across the drug development continuum." "I am very pleased to join Genomica at this exciting juncture junc·ture n. The point, line, or surface of union of two parts. ," said Mr. Savage, Principal of Savage Consulting. "Genomica's bioinformatics tools will enable the biotechnology and pharmaceutical industries to more rapidly and efficiently apply genomic genomic pertaining to a genome. genomic clone see clone. genomic DNA the DNA sequences making up the genome of an individual. genomic library see gene bank. data, accelerating drug discovery and increasing the success of clinical trials." Prior to Savage Consulting, Mr. Savage was Chief Executive Officer and President of Molecular Simulations Inc. from 1991 until the company was acquired by Pharmacopeia in 1998, at which time he became Executive Vice President and a member of the Board of Directors of Pharmacopeia. Mr. Savage received 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 in Chemistry and Biology from Fort Lewis College Fort Lewis College is a small public liberal arts college and is a member of the Council of Public Liberal Arts Colleges nestled between the Rocky Mountains and canyon country in Durango, Colorado. and a Masters in Biology from the California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. . About Genomica Corporation Genomica Corporation develops and markets innovative software products and services, which enable pharmaceutical and biotechnology researchers to accelerate the drug discovery and development process. Genomica's current customers include leading genomics-based research organizations such as AstraZeneca, GlaxoSmithKline, Aventis, Pfizer and the National Cancer Institute. Genomica is also collaborating with Applied Biosystems Applied Biosystems, Inc. (formerly NASDAQ: ABIO) is the original name of a pioneer biotechnology company founded in 1981 in Foster City, California, among the Silicon Valley cities of the southern San Francisco Bay Area. to develop software products to be used with its industry-leading hardware for drug discovery. For additional information on Genomica, please visit our Web site at www.genomica.com. Certain statements in this press release are forward looking. These may be identified by the use of forward-looking words or phrases such as "believe," "expect," "intend," "anticipate," "should," "planned," "estimated," and "potential," among others. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on Genomica Corporation's current expectations. 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 provides a "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. " for such forward-looking statements. In order to comply with the terms of the safe harbor, Genomica Corporation notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. Such factors include, but are not limited to, quarterly fluctuations in Genomica's revenues or other operating results, failure by Genomica to meet financial expectations of analysts and investors, reliance by Genomica on a limited number of customers for a majority of its revenue, Genomica's reliance on key personnel, risks as related to market acceptance of Genomica's product, rapid technological change in Genomica's market, potential defects associated with Genomica's product, Genomica's need to maintain and enhance strategic relationships with larger companies, Genomica's ability to expand its sales and marketing departments, Genomica's ability to manage growth, Genomica's use in its product of third-party components, activities by Genomica and others regarding protection of intellectual property, release of competitive products and other actions by competitors, and economic downturns in either domestic or foreign markets. Further details on these risks and other risks are set forth in Genomica's filings with the Securities and Exchange Commission. These filings are available on a web site maintained by the Securities and Exchange Commission on the world wide web at www.sec.gov. Genomica does not undertake an obligation to update forward-looking statements. |
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