Myriad Genetics Elects Gerald P. Belle to Its Board of Directors
Salt Lake City, UT, Nov 27, 2007—Myriad Genetics, Inc. (NASDAQ:
MYGN) announced today that it has
elected Gerald P. (Jerry) Belle to its board of directors. Mr.
Belle's term is effective as of November 15, 2007.
Mr. Belle was previously President and CEO, North American
Pharmaceuticals, Aventis, Inc., until his retirement from the Company
in 2004, after more than 26 years of service, the majority of which
was in executive commercial and general management positions in Asia,
Europe/Middle East/Africa and Canada. Following retirement from
Aventis, he was appointed Executive Chairman of Merial, Ltd., a
global leader in animal health and a joint venture between Merck and
sanofi-aventis.
"We believe that Mr. Belle represents an excellent strategic fit with
our Board of Directors," said Peter Meldrum, President and Chief
Executive Officer of Myriad Genetics, Inc. "We look forward to his
insight and guidance, garnered from his extensive background and
experience in a rapidly growing pharmaceutical company environment,
as we prepare to commercialize new therapeutics for individuals
affected by Alzheimer's disease, metastatic brain cancer and AIDS".
Myriad Genetics, Inc. is a biotechnology company focused on the
development and marketing of novel therapeutic and molecular
diagnostic products. Myriad's news and other information are
available on the Company's Web site at www.myriad.com.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward looking statements are based on management's current
expectation and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those set forth
or implied by forward-looking statements. These include, but are not
limited to, the Company's ability to commercialize new therapeutics
for individuals affected by Alzheimer's disease, metastatic brain
cancer and AIDS; uncertainties as to the extent of future government
regulation of Myriad Genetics' business; uncertainties as to whether
Myriad Genetics and its collaborators will be successful in
developing, and obtaining regulatory approval for, and commercial
acceptance of, therapeutic compounds; the risk that markets will not
exist for therapeutic compounds that Myriad Genetics develops or if
such markets exist, that Myriad Genetics will not be able to sell
compounds, which it develops, at acceptable prices; and the risk that
the Company will not be able to sustain revenue growth for its
predictive medicine business and products. These and other risks are
identified in the Company's filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 2007. All information in this press
release is as of the date of the release, and Myriad undertakes no
duty to update this information unless required by law.
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