Brian Markison to Join Rosetta Genomics Board of Directors
December 20 2010 - 8:59AM
Marketwired
Rosetta Genomics, Ltd. ("Rosetta") (NASDAQ: ROSG), a leading
developer and provider of microRNA-based molecular diagnostics,
today announced that Brian A. Markison, Chairman and CEO of King
Pharmaceuticals (NYSE: KG), has become an observer to the Company's
Board of Directors and, upon shareholder approval, will become a
Director.
Mr. Markison has been with King Pharmaceuticals since 2004 and
led the Company through to its recently announced acquisition by
Pfizer for $3.6 billion. Previously Mr. Markison was with
Bristol-Myers Squibb from 1982 to 2004, where he served in various
commercial and executive positions rising from an oncology sales
representative to become President, BMS Oncology/Virology and
Oncology Therapeutics Network. Mr. Markison serves on the Board of
Directors of Immunomedics, Inc., where he is Lead Director and
Compensation Committee Chair. He also serves on the Board of
Directors for the Komen Foundation and on the Board of Trustees for
the Pennington School. Mr. Markison received a B.S. from Iona
College in New Rochelle, N.Y.
"It is with great pleasure that we welcome Brian Markison to
become associated with our Board. He brings significant expertise,
both strategic and commercial, that will be invaluable to Rosetta
as we advance the launch of the company's oncology diagnostics and
develop our pipeline of diagnostics and biomarkers based on our
proprietary microRNA technology," commented Yoav Z. Chelouche,
Chairman of the Board.
Kenneth A. Berlin, President and CEO of Rosetta Genomics,
welcomed Mr. Markison by saying, "We are delighted at the prospects
of having Brian join our Board. We are certain to benefit from his
vast industry experience, particularly in oncology. Brian's
knowledge of the pharmaceutical markets and his many relationships
will be a valuable asset as we build Rosetta into a leading
molecular diagnostics company."
About Rosetta Genomics Rosetta Genomics is
a leading developer of microRNA-based molecular diagnostics.
Founded in 2000, the company's integrative research platform
combining bioinformatics and state-of-the-art laboratory processes
has led to the discovery of hundreds of biologically validated
novel human microRNAs. Building on its strong patent position and
proprietary platform technologies, Rosetta Genomics is working on
the application of these technologies in the development of a full
range of microRNA-based diagnostic tools. The company's first three
microRNA-based tests, miRview™ squamous, miRview™ mets and miRview™
meso, are commercially available through its Philadelphia-based
CAP-accredited, CLIA-certified lab. To learn more, please visit
www.rosettagenomics.com.
Forward-Looking Statement Disclaimer
Various statements in this release concerning Rosetta's future
expectations, plans and prospects, including without limitation,
statements relating to the role of microRNAs in human physiology
and disease, and the potential of microRNAs in the diagnosis and
treatment of disease constitute forward-looking statements for the
purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by these forward-looking statements as a
result of various important factors, including risks related to:
Rosetta's approach to discover microRNA technology and to work on
the application of this technology in the development of novel
diagnostics and therapeutic tools, which may never lead to
commercially accepted products or services; Rosetta's ability to
obtain, maintain and protect its intellectual property; Rosetta's
ability to enforce its patents against infringers and to defend its
patent portfolio against challenges from third parties; Rosetta's
need and ability to obtain additional funding to support its
business activities; Rosetta's dependence on third parties for
development, manufacture, marketing, sales, and distribution of
products; Rosetta's ability to successfully develop its candidate
tools, products and services; Rosetta's ability to obtain
regulatory clearances or approvals that may be required for its
products and services; the ability to obtain coverage and adequate
payment from health insurers for the products and services
comprising Rosetta's technology; the risk of product liability
claims; competition from others using technology similar to
Rosetta's and others developing products for similar uses;
Rosetta's dependence on collaborators; and Rosetta's short
operating history; as well as those risks more fully discussed in
the "Risk Factors" section of Rosetta's Annual Report on Form 20-F
for the year ended December 31, 2009 as filed with the Securities
and Exchange Commission. In addition, any forward-looking
statements represent Rosetta's views only as of the date of this
release and should not be relied upon as representing its views as
of any subsequent date. Rosetta does not assume any obligation to
update any forward-looking statements unless required by law.
Company Contact: Rosetta Genomics Ron Kamienchick +972 73
222 0700 investors@rosettagenomics.com Investor Contacts:
Lippert/Heilshorn & Associates Anne Marie Fields (212) 738-3777
afields@lhai.com or Bruce Voss (310) 691-7100 bvoss@lhai.com
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