UPPSALA, Sweden, Feb. 21, 2005 (PRIMEZONE) -- Biacore International AB (SSE: BCOR) announces today that it has appointed Mr. Terry Pizzie as Senior Vice President of Commercial Operations. Mr. Pizzie has over 20 years' experience in the life science industry and he will take responsibility for all of Biacore's commercial activities globally including sales and product management as from March 1st 2005.
Mr. Pizzie has a broad range of commercial experience covering all aspects of the global life science industry. Prior to joining Biacore, Mr. Pizzie was most recently Vice President Europe of Applied Biosystems. In this position he was responsible for a business with revenues in excess of USD 500 million and which employed over 1,000 people across Europe. Prior to assuming control of all of Applied Biosystems European operations, Mr. Pizzie, was Director of Sales and Marketing Europe, responsible for all commercial aspects, including Strategy, Sales, Marketing and Support execution. During his more than fifteen year career with Applied Biosystems, Mr. Pizzie has played an increasingly important role in growing the sales of a company which has expanded from being an entrepreneurial business into one of the major global players in the life science analytical and research products market.
Erik Wallden, President and CEO of Biacore, said: "I am very pleased to welcome Terry on board and I am sure that his wide ranging commercial experience will be of great value to Biacore. I am confident that he will play a key role in driving both our sales and marketing activities on a global basis, enabling us to maximize the business that we can generate with our important customers in academia, and in the pharmaceutical and biotech industries. His appointment will help us achieve our key goals in 2005 of both revenue growth and solid profitability."
For further information, please contact:
Erik Wallden, President and CEO +41 (0) 79769 4542 Anders Svenberg, Executive Vice President Human Resources + 41 (0) 79 668 8339 Scientific/Trade Press Enquiries: Sue Cresswell, Market Communication Director +41 (0) 79 710 8311
About Biacore
Biacore is a global supplier of systems for protein interaction analysis, an area of increasing importance for scientists in the academic, pharmaceutical, biotechnology and diagnostic markets. The Company's systems generate unique data on the interactions between proteins and other molecules, including small molecules such as drug candidates. During research, development and manufacture, these data give insights into protein functionality, elucidate disease mechanisms and play a key role in the critical decisions needed for efficient development and production of therapeutics.
Biacore's products are used in key areas such as antibody characterization, proteomics, lead characterization, immunogenicity, biotherapeutic development and production. The Company offers a range of products to meet specific application needs. Customers include leading life science research centers, all of the leading global pharmaceutical companies, and a large number of companies in the emerging biotechnology sector.
Biacore also markets food analysis solutions, providing key manufacturers with a system and ready-to-use kits for the determination of food quality and safety.
The company has its own direct sales capability in the world's key markets (United States, Europe, Japan, Australia) and a distribution network in Asia-Pacific. Biacore was founded in 1984 and is listed on the Stockholm Stock Exchange (SSE:BCOR).
Further information on Biacore can be found at: www.biacore.com
Cautionary Statement
This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, which, by their nature, involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Biacore is a trademark of Biacore AB.
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