Ciphergen Adds Pharmaceutical Executive to Board of Directors
June 09 2005 - 10:00AM
PR Newswire (US)
Ciphergen Adds Pharmaceutical Executive to Board of Directors
FREMONT, Calif., June 9 /PRNewswire-FirstCall/ -- Ciphergen
Biosystems, Inc. (NASDAQ:CIPH) announced today that James S. Burns,
President and Chief Executive Officer of EntreMed, Inc., a public
clinical-stage pharmaceutical company developing drugs for the
treatment of cancer and inflammatory diseases, has joined
Ciphergen's Board of Directors. William E. Rich, President and CEO
of Ciphergen, stated, "Jim's experience and accomplishments in both
the pharmaceutical and laboratory products industry will add an
important perspective to our Board, especially given our increased
initiatives to further penetrate the pharmaceutical industry with
our technology and services." Prior to joining EntreMed in June
2004, Mr. Burns was a co-founder and served as President and as
Executive Vice President of MedPointe Inc., a specialty
pharmaceutical company. From 2000-2001, he served as a founder and
Managing Director of MedPointe Capital Partners, a private equity
firm that led the leveraged buyout to form MedPointe
Pharmaceuticals. From 1993-1999, Mr. Burns served as a founder,
Chairman, President and CEO of Osiris Therapeutics, Inc., a
privately held biotechnology company. From 1986-1992, he was Vice
Chairman of HealthCare Investment Corporation and a founding
General Partner of Healthcare Ventures L.P., a venture capital
partnership specializing in forming companies built around new
pharmaceutical and biotechnology products. From 1981-1986, Mr.
Burns served as Group President and as Vice President of the
Laboratory Products Group at Becton Dickinson and Company.
Previously, he was a Vice President and Partner at Booz Allen &
Hamilton. Mr. Burns is Chairman of the Executive Committee of the
International BioResources Group, the American Type Culture
Collection (ATCC), and a Trustee of the University of Maryland
Biotechnology Institute. He earned his BS and MS degrees in
biological sciences from the University of Illinois and an MBA
degree from DePaul University. James Burns commented, "I'm
delighted to be joining Ciphergen's Board and participating in
important strategic decisions that the company will face over the
next several years as it seeks to expand commercialization of its
unique proteomics technology." About Ciphergen Ciphergen's
Biosystems Division develops, manufactures and markets a family of
ProteinChip(R) Systems and services for clinical, research, and
process proteomics applications. ProteinChip Systems enable protein
discovery, characterization, identification and assay development
to provide researchers with predictive, multi-marker assay
capabilities and a better understanding of biological function at
the protein level. Ciphergen's Diagnostics Division is dedicated to
the discovery of protein biomarkers and panels of biomarkers and
their development into protein molecular diagnostic tests that
improve patient care; and to providing collaborative R&D
services through its Biomarker Discovery Centers(R) for biomarker
discovery for new diagnostic tests as well as pharmacoproteomic
services for improved drug toxicology, efficacy and theranostic
assays. Additional information about Ciphergen can be found at
http://www.ciphergen.com/. Safe Harbor Statement Note Regarding
Forward-Looking Statements: For purposes of the Private Securities
Litigation Reform Act of 1995 (the "Act"), Ciphergen disclaims any
intent or obligation to update these forward-looking statements,
and claims the protection of the Safe Harbor for forward-looking
statements contained in the Act. Examples of such forward-looking
statements include statements regarding the initiatives to further
penetrate the pharmaceutical industry, the discovery of biomarkers
and their development into diagnostic tests that improve patient
care. Actual results may differ materially from those projected in
such forward-looking statements due to various factors, including
ProteinChip technology's ability to successfully discover, validate
and assay biomarkers and patterns of biomarkers have diagnostic
utility, and our ability to protect and promote our proprietary
technologies. Investors should consult Ciphergen's filings with the
Securities and Exchange Commission, including its Form 10-Q dated
May 10, 2005, for further information regarding these and other
risks of the Company's business. NOTE: Ciphergen, ProteinChip and
Biomarker Discovery Center are registered trademarks of Ciphergen
Biosystems, Inc. DATASOURCE: Ciphergen Biosystems, Inc. CONTACT:
Sue Carruthers, Investor Relations of Ciphergen Biosystems, Inc.
+1-510-505 2297 Web site: http://www.ciphergen.com/
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