IRVINE, CA -- (Marketwired) -- 06/10/13 -- BIOLASE, Inc. (NASDAQ: BIOL), the world's leading manufacturer and distributor of dental lasers, announced today that, its board of directors (the "Board") has increased its size from four to six members and, effective June 7, 2013, appointed Frederic H. Moll, M.D. and Erin S. Enright to the Board. Dr. Moll and Ms. Enright were each determined to be independent under the Nasdaq Listing Standards by the Company's Board and met the requirements for committee assignments as set forth in the respective committee charters.
Frederic Moll, M.D., is Chairman and Chief Executive Officer of Auris Surgical Robotics, Inc., the fourth surgical robotics company he has founded. In 1995, Dr. Moll co-founded Intuitive Surgical, Inc. (NASDAQ: ISRG), the world leader in surgical robotics. He served as Intuitive's CEO through 1996 and a Director through 2004. Many credit Dr. Moll with creating the surgical robotics industry. Dr. Moll has been appointed to serve as a member of the Compensation Committee of the Board.
"I'm excited to be joining the BIOLASE® Board because the tissue-cutting capabilities of the WaterLase® could make it a game-changer in medical and surgical specialties far afield from the dental industry in which it is currently known and valued," said Fred Moll.
Prior to Intuitive Surgical, Inc., Dr. Moll founded Endotherapeutics, which was acquired by U.S. Surgical in 1992. He co-founded Origin Medsystems, Inc., which was also acquired in 1992 by Eli Lilly and later became an operating company in Guidant Corporation. Dr. Moll served as medical director of Guidant's surgical device division from 1992 to 1995. Before co-founding Origin Medsystems, Dr. Moll invented the safety trocar, which many experts believe created modern general laparoscopic surgery. He also co-founded the intravascular robotics company, Hansen Medical, Inc. and is a Director of the leading hard-tissue orthopedics robotics company, MAKO Surgical Corporation.
Erin Enright is a medical device executive, banker and attorney now serving as the President of Lee Medical in Plainsboro, New Jersey, a manufacturer of Lee-Lok® bone marrow needles. She is also the managing director of Prettybrook Partners, which she operates with her partner, Stuart Essig, former CEO of Integra Lifesciences (NASDAQ: IART), a former board member of Zimmer Holdings, Inc. (NYSE: ZMH), and a current board member of St. Jude Medical, Inc. (NYSE: STJ). Ms. Enright is also a Founding Member and Director of TigerLabs, a Princeton-based fund and technology accelerator. Ms. Enright has been appointed to serve as a member of the Audit Committee of the Board.
"I believe there is a significant need for the hard tissue cutting capabilities of the WaterLase in orthopedics, an application in which the Company recently received an important FDA clearance," said Ms. Enright. She also noted that... "with the variety of bone and cartilage cutting, shaving and drilling procedures currently performed with a rotating drill bit, I believe that there is a significant opportunity for BIOLASE's WaterLase technology to become used regularly in the orthopedic operating room."
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