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Pharsight Corporation Names Arthur Reidel President And Chief Executive Officer; Technology Expert Drives Effort to Deliver Clinical Consulting, Computer-Aided Design Technology to Pharmaceutical Industry.

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 25, 1996--Pharsight Corporation, a leading provider of clinical consulting and software solutions to accelerate the drug development process, today announced the appointment of Arthur Reidel as president and chief executive officer.

Reidel co-founded Pharsight Corporation as chairman in 1995, along with Vice President of Marketing Camilla Olson and Vice President of Engineering Greg Lee, Ph.D. Previously, Reidel was president and CEO of Sunrise Test Systems, a leading developer of electronic design automation software.

"We are very fortunate to have someone of Art's stature to head Pharsight Corporation," said Olson. "His reputation in the software industry, as well as his proven management expertise in bringing computer-assisted design solutions to the marketplace, will enable Pharsight Corporation to build a leadership position within our target market of pharmaceutical and biotechnology companies."

"Streamlining clinical trials is the primary challenge researchers face during the lengthy and expensive drug development process," said Reidel. "I am excited about this opportunity to help leading pharmaceutical and biotech companies speed safe, new drugs to market, and to build Pharsight's reputation as a provider of consulting services and software for computer-assisted trial design."

Prior to heading Sunrise Test Systems, Reidel held executive positions with Weitek Corporation, including vice president and general manager of its User Interface Products Division. He has also invested in numerous technology-based companies as a general partner of ABS Ventures Limited Partnerships. Reidel is a graduate of the Massachusetts Institute of Technology and currently serves on the board of directors for the MacNeal Schwendler Corporation.

Pharsight Corporation

Pharsight Corporation, headquartered in Palo Alto, Calif., provides a services-led offering of consulting and software solutions to accelerate drug development and contain time and spending costs within the pharmaceutical industry. Information about Pharsight Corporation is available on the World Wide Web at http://www.pharsight.com.

CONTACT: Schwartz Communications, Inc.

Cecilia Roach or Jim Owens, 415/512-0770

croach@schwartz-pr.com

jimo@schwartz-pr.com

http://www.schwartz-pr.com
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Publication:Business Wire
Date:Nov 25, 1996
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