By a News Reporter-Staff News Editor at Biotech Business Week -- BioMarker Strategies announced the appointment of Jerry Parrott as President, Chief Executive Officer and Director, effective immediately. Mr. Parrott will report to the Company's Board of Directors, which will continue to be led by Chairman Jack Davis, a co-founder and former Chairman and CEO of Dianon Systems (see also Pharmaceutical Companies).
Mr. Parrott served Human Genome Sciences, Inc. as Vice President, Corporate Communications and Public Policy from 2001 until the acquisition of HGS by GlaxoSmithKline in 2012. Since 2006, he has also served as Chairman and President of Maryland Health Care Product Development Corporation, a nonprofit venture capital fund committed to helping health care products companies grow and succeed in Maryland. He formerly held senior public policy, corporate affairs, and other positions with Bristol-Myers Squibb Company, American Hospital Supply Corporation and Walgreen Company.
"Jerry Parrott is a well-respected biotechnology industry executive in Maryland and a seasoned business leader with more than 30 years of experience providing strategic direction to a wide range of healthcare companies," said Mr. Davis. "I have great confidence in his ability to lead BioMarker Strategies and ensure that our novel cancer diagnostic platform reaches its full potential to support the selection of targeted therapies for individual cancer patients."
"The treatment of cancer has shifted in recent years from traditional cytotoxic agents to more molecularly targeted therapies that may hold the promise of greater safety and efficacy," said Mr. Parrott. "BioMarker Strategies has developed a unique cancer diagnostic platform called SnapPath® that uses fresh solid tumor biopsy samples to enable the creation of pathway-based companion diagnostic assays that will better support the choice of which cancer patients are most likely to benefit from which targeted therapy or combination of therapies. I believe this new technology will ultimately speed the advance of personalized medicine for the treatment of solid tumors."
The Company also announced that Dr. Douglas Clark, Founder, has stepped down as CEO to resume his academic medical career as a pathologist. Dr. Clark will remain a Director and scientific advisor to the Company.
As Principal of Policy Advocates Inc. prior to joining HGS, Mr. Parrott's clients included HGS, American Type Culture Collection, Bristol-Myers Squibb, Ciba-Geigy/Novartis, Diversa, Exogen, Genentech, HealthCare Ventures, Hoffmann-La Roche, Western Digital, Wyeth and others. During this period, he helped take public 3-Dimensional Pharmaceuticals, subsequently acquired by Johnson & Johnson, and InforMax, subsequently acquired by Invitrogen. He has helped launch important therapeutic products in immunology, oncology, infectious disease and pain relief, and has helped bring two prescription products over the counter.
Keywords for this news article include: Cancer, Genetics, Oncology, Treatment, Therapeutics, BioMarker Strategies, Biotechnology Companies, Biopharmaceutical Companies, Bristol-Myers Squibb Company.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2013, NewsRx LLC