GenMark Announces Appointment of New Board Members
February 23 2015 - 5:00PM
Business Wire
GenMark Diagnostics, Inc. (Nasdaq:GNMK), a leading
provider of automated, multiplex molecular diagnostic testing
systems, today announced the appointment of Lisa Giles, President
and CEO of Giles & Associates Consultancy, and Michael Kagnoff,
a partner at DLA Piper (US), to its Board of Directors. At the same
time Steve Worland has resigned from the Board.
“We are delighted to have Lisa and Mike join our Board. Their
skill sets are complementary to the deep operational and technical
expertise of our other directors and will benefit GenMark and our
stockholders immensely,” said Jim Fox, GenMark’s Chairman of the
Board. “I would also like to thank Steve Worland for his service
and respect his recent decision to resign from the Board to focus
on his role as CEO and President of eFFECTOR Therapeutics.”
About Lisa Giles
Ms. Giles has been the President and CEO of Giles &
Associates Consultancy since 2000, and CEO of Optivara, Inc. since
2013. Giles & Associates is a privately held management
consulting firm that specializes in global strategy development,
market intelligence and business development transactions. The firm
advises corporate boards, CEOs and executive leadership teams on
strategic direction, portfolio optimization and monitoring
performance. From 1996-2000, Ms. Giles was Vice President of
Strategy Development, at G.D. Searle & Company, where she
oversaw global pharmaceutical strategic planning, portfolio
decision analysis, portfolio optimization and transaction analysis.
She previously served as a member of the board of directors of
Durata Therapeutics, Inc., from August 2012 until its acquisition
by Actavis plc in November 2014.
Ms. Giles holds a B.S. from Juniata College and has completed
Executive Management Programs at both Stanford and the University
of Chicago.
About Michael Kagnoff
Mr. Kagnoff has served as a partner at DLA Piper (US) since
April 2008. Prior to joining DLA Piper, he was a stockholder at
Heller Ehrman LLP. Mr. Kagnoff has been advising boards of
directors of both public and private companies for over 20 years,
with a focus on life sciences and technology companies. He has
provided legal and business advice on a range of topics, including
strategic transactions, corporate governance, and compensation
matters.
Mr. Kagnoff received a B.A. and B.S. degree from the University
of Pennsylvania, and a J.D. from the University of California,
Berkeley’s Boalt Hall School of Law.
The appointments of Ms. Giles and Mr. Kagnoff were effective
February 19th 2015. Each was appointed as a Class III director,
with a term of office expiring at the Company’s 2016 annual meeting
of shareholders. With their addition to the Board, Giles will
become a member of the Audit Committee and Kagnoff will become a
member of the Corporate Governance and Nominating Committee.
ABOUT GENMARK DIAGNOSTICS
GenMark Diagnostics is a leading provider of automated,
multiplex molecular diagnostic testing systems that detect and
measure DNA and RNA targets to diagnose disease and optimize
patient treatment. Utilizing GenMark’s proprietary eSensor®
detection technology, GenMark’s eSensor® XT-8 system is designed to
support a broad range of molecular diagnostic tests with a compact,
easy-to-use workstation and self-contained, disposable test
cartridges. The eSensor® detection technology is also incorporated
into GenMark’s sample-to-answer system, ePlex™. For more
information, visit www.genmarkdx.com.
SAFE HARBOR STATEMENT
This press release includes forward-looking statements regarding
events, trends and business prospects, which may affect our future
operating results and financial position. Such statements,
including, but not limited to, those regarding the timely
commercialization of our ePlex system and the availability of
future financing, are all subject to risks and uncertainties that
could cause our actual results and financial position to differ
materially. Some of these risks and uncertainties include, but are
not limited to, the future contributions of our new Board members,
our ability to successfully commercialize our ePlex system and its
related test menu in a timely manner, constraints or inefficiencies
caused by unanticipated acceleration and deceleration of customer
demand, our ability to successfully expand sales of our product
offerings outside the United States, and third-party payor
reimbursement to our customers, as well as other risks and
uncertainties described under the “Risk Factors” in our public
filings with the Securities and Exchange Commission. We assume no
responsibility to update or revise any forward-looking statements
to reflect events, trends or circumstances after the date they are
made.
GenMark Diagnostics, Inc.Hany MassaranyPresident/Chief Executive
Officer760-448-4358
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