Re Directorate
December 19 2000 - 10:30AM
UK Regulatory
RNS Number:0810W
Osmetech PLC
19 December 2000
OSMETECH PLC
BOARD APPOINTMENTS
Osmetech plc ("Osmetech or "the Company"), the world's
leading electronic-nose company for healthcare
applications, today announces the appointment of James
White as Chief Executive Officer (CEO). Mr White was
previously Chief Operating Officer. Dr Giap Wang Chong
will resume a non-executive role with the Company, having
held the position of CEO since October 1999.
The Company also announces the board appointment of David
Grindrod, previously Head of Manufacturing, as an
executive director.
All of these changes will take place with effect from 22
December 2000.
There are no details to be disclosed pursuant to Rule
16.4(a) or 16.4(b) - 6.F.2(b) to (g) of the Listing Rules
in respect of David Grindrod.
Gordon Hall, Chairman, Osmetech plc said:
"The Company is entering a new stage in its development
and remains on target to file its first FDA submission,
for the detection of urinary tract infections, by the end
of January 2001.
"I am delighted that James White has agreed to take up
the role of CEO and am confident that he will be
successful in driving the business towards the commercial
goals of exploiting its platform technology. The Company
remains clearly focused on the healthcare market and we
will continue to benefit from Wang Chong's considerable
medical expertise and continued involvement as a non-
executive director."
Enquiries:
Osmetech plc 01270 216 444
James White
Bell Pottinger Financial 020 7353 9203
Rebecca Fox
Notes to Editors
* Osmetech plc, based in Crewe, designs, develops and
manufactures electronic gas and odour sensors
(electronic noses) for use in the healthcare sector.
Osmetech's multi-sensor array based gas sensing
technology screens patients' samples and tests for the
presence of infection-causing bacteria. The Company is
currently focusing its IP development on sensors that
can detect bacteria associated with urinary tract
infections (UTIs), bacterial vaginosis (BV) and
pneumonia in ICU patients.
* Osmetech announced at the start of this year that the
first set of trials for its UTI product had been
successful. The trials, carried out at St Thomas',
London, and the Brigham & Women's Hospital, Harvard,
USA, enabled the company to obtain "proof of concept"
status for its technology. A submission to the Food and
Drug Administration (FDA) for approval of the product
capable of satisfying the demands of the UTI point of
care ("POC") healthcare market sector will follow
shortly.
* This year the Company has also undertaken a large proof
of concept study at St George's Hospital Medical
School, London, to confirm the potential of its
Microbial Analyser in detecting BV. Back in October it
announced the results of this study and confirmed that
the BV Analyser matches the diagnostic performance of
the existing "gold standard" test. This Analyser will
also be moved forward for FDA clinical trials and
subsequent FDA approval process.
* James White became COO of Osmetech in October 1999. His
appointment to CEO marks the next stage in the
Company's development as it passes the various
milestones towards the launch of a commercial product
and negotiations with potential licensing partners.
* David Grindrod has worked at Osmetech since 1994. For
the last three years he has managed the development
team covering hardware, software, sensors and
chemistry, focusing recently on providing the
technical platform for the current FDA trials. Prior
to joining Osmetech he had a number of roles at Oxford
Instruments Plc, including director of a subsidiary,
Oxford Plasma Technology Ltd.
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