CytoCore Names Respected Biotech Industry Visionary to Board of Directors
29 11월 2006 - 7:59AM
Business Wire
CytoCore Inc. (OTCBB:CYCR) today announced the addition of industry
leader Clint H. Severson to its Board of Directors, one of a series
of key executive moves driving the late-stage bio-scientific
research company�s move toward broad distribution of its line of
products for the early detection and treatment of reproductive
cancers. Severson, 58, is chief executive officer of Abaxis
(Nasdaq:ABAX), a northern California-based provider of portable
technology, tools and services used for medical diagnostics sold to
customers and distributors worldwide. He brings to the CytoCore
board a keen understanding of the challenges and opportunities
associated with launching cutting-edge diagnostic products. �Clint
knows the ropes intimately, having directed the extraordinary
turn-around of Abaxis into a highly profitable and productive
company widely respected by Wall Street investors,� said Chief
Financial Officer Robert McCullough Jr. �He understands and knows
how to advance CytoCore�s mission at a critical � and very exciting
� juncture. During Clint�s ten-year leadership at Abaxis,
annualized revenue has grown from $3 to $84 million, customer base
from 408 to 10,000, and quarterly unit sales of the consumable
rotor product from 35,000 to 1,007,000 units. Clint was also
successful in raising $30 million in equity funding. We are quite
excited about the knowledge, experience and capabilities Clint
brings to the company.� CytoCore, which is in clinical trials with
a range of endometrial, cervical and uterine cancer diagnostic
tools, is in a position to revolutionize women�s reproductive
healthcare on a global scale with its apoptotic marker-based
InPath� System, which includes the e2Collector� and other screening
and treatment products. Prior to his role as CEO since 1996 at
Abaxis, where he was appointed chairman of the board in 1998,
Severson served over seven years as president and chief executive
officer at MAST Immunosystems, Inc., a privately held medical
diagnostic company. For further information, visit
www.CytoCoreInc.com. About CytoCore Inc. CytoCore develops
cost-effective cancer screening systems, which can be utilized in a
laboratory or at the point-of-care, to assist in the early
detection of cervical, endometrial, and other cancers. The InPath�
System is being developed to provide medical practitioners with
highly accurate, low-cost, cervical and uterine cancer screening
systems that can be seamlessly integrated into existing medical
models. More information is available at: www.CytoCoreInc.com.
Certain statements in this release are forward-looking. These
statements are based on CytoCore�s current expectations and involve
many risks and uncertainties, such as the company�s inability to
obtain sufficient financing, the possibility that clinical trials
will not substantiate CytoCore�s expectations with respect to the
InPath� System, and other factors set forth in reports and
documents filed by CytoCore with the Securities and Exchange
Commission. Actual results may differ materially from CytoCore�s
current expectation depending upon a number of factors affecting
the Company�s business. These factors include, among others, risks
and uncertainties detailed in the Company�s periodic public filings
with the Securities and Exchange Commission, including but not
limited to the Company's Annual Report on Form 10-K for the year
ended December 31, 2005. Except as expressly required by law,
CytoCore undertakes no obligation to publicly update or revise any
forward-looking statements contained herein. CytoCore Inc.
(OTCBB:CYCR) today announced the addition of industry leader Clint
H. Severson to its Board of Directors, one of a series of key
executive moves driving the late-stage bio-scientific research
company's move toward broad distribution of its line of products
for the early detection and treatment of reproductive cancers.
Severson, 58, is chief executive officer of Abaxis (Nasdaq:ABAX), a
northern California-based provider of portable technology, tools
and services used for medical diagnostics sold to customers and
distributors worldwide. He brings to the CytoCore board a keen
understanding of the challenges and opportunities associated with
launching cutting-edge diagnostic products. "Clint knows the ropes
intimately, having directed the extraordinary turn-around of Abaxis
into a highly profitable and productive company widely respected by
Wall Street investors," said Chief Financial Officer Robert
McCullough Jr. "He understands and knows how to advance CytoCore's
mission at a critical -- and very exciting -- juncture. During
Clint's ten-year leadership at Abaxis, annualized revenue has grown
from $3 to $84 million, customer base from 408 to 10,000, and
quarterly unit sales of the consumable rotor product from 35,000 to
1,007,000 units. Clint was also successful in raising $30 million
in equity funding. We are quite excited about the knowledge,
experience and capabilities Clint brings to the company." CytoCore,
which is in clinical trials with a range of endometrial, cervical
and uterine cancer diagnostic tools, is in a position to
revolutionize women's reproductive healthcare on a global scale
with its apoptotic marker-based InPath(TM) System, which includes
the e2Collector(TM) and other screening and treatment products.
Prior to his role as CEO since 1996 at Abaxis, where he was
appointed chairman of the board in 1998, Severson served over seven
years as president and chief executive officer at MAST
Immunosystems, Inc., a privately held medical diagnostic company.
For further information, visit www.CytoCoreInc.com. About CytoCore
Inc. CytoCore develops cost-effective cancer screening systems,
which can be utilized in a laboratory or at the point-of-care, to
assist in the early detection of cervical, endometrial, and other
cancers. The InPath(TM) System is being developed to provide
medical practitioners with highly accurate, low-cost, cervical and
uterine cancer screening systems that can be seamlessly integrated
into existing medical models. More information is available at:
www.CytoCoreInc.com. Certain statements in this release are
forward-looking. These statements are based on CytoCore's current
expectations and involve many risks and uncertainties, such as the
company's inability to obtain sufficient financing, the possibility
that clinical trials will not substantiate CytoCore's expectations
with respect to the InPath(TM) System, and other factors set forth
in reports and documents filed by CytoCore with the Securities and
Exchange Commission. Actual results may differ materially from
CytoCore's current expectation depending upon a number of factors
affecting the Company's business. These factors include, among
others, risks and uncertainties detailed in the Company's periodic
public filings with the Securities and Exchange Commission,
including but not limited to the Company's Annual Report on Form
10-K for the year ended December 31, 2005. Except as expressly
required by law, CytoCore undertakes no obligation to publicly
update or revise any forward-looking statements contained herein.
Abaxis, Inc. (delisted) (NASDAQ:ABAX)
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Abaxis, Inc. (delisted) (NASDAQ:ABAX)
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부터 7월(7) 2023 으로 7월(7) 2024