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Agensys Founder, President, & CEO Dr. Donald Rice Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Winner for the Greater Los Angeles Area
Date:6/25/2008

Award Recognizes Entrepreneurial Excellence in Emerging Category

LOS ANGELES, June 25 /PRNewswire/ -- Agensys, Inc. a biotechnology company, today announced that Dr. Donald Rice, Founder, President, & CEO, received the Ernst & Young Entrepreneur Of The Year(R) 2008 Award in the Emerging category in the Greater Los Angeles Area. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Dr. Donald Rice was selected by an independent panel of judges, and the award was presented at a gala event at the Beverly Hilton Hotel on June 24, 2008.

"This award belongs to the entire Agensys team, a small group that built an integrated biotech company that has so far brought forward 5 novel products that will help many cancer patients in the future," said Dr. Rice. "Helping cancer sufferers will be the ultimate reward."

Agensys develops monoclonal antibodies to its own novel targets to treat a variety of human cancers. After 10 years as a private company, the entire Agensys team was acquired by Astellas Pharma, Inc., the second largest Japanese pharmaceutical company, in December, 2007. It operates today as a separate subsidiary of the parent, with Dr. Rice as President and CEO.

The Ernst & Young Entrepreneur Of The Year awards celebrate their 22nd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

"Ernst & Young is pleased to honor outstanding business leaders such as Dr. Donald Rice," said Brian Ring, Ernst & Young Entrepreneur Of The Year Program Director for the Greater Los Angeles Area. "Winners of the Entrepreneur Of The Year award build leading businesses and contribute a great deal to the communities around them. Their success helps our area grow stronger."

As a Greater Los Angeles Area award winner, Dr. Donald Rice is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2008 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In the Greater Los Angeles Area, local sponsors include Marsh, Scherzer International, City National Bank and Bowne.

About the Ernst & Young Entrepreneur Of The Year Awards

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.

For more information, please visit http://www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited.

Contact: Tracy M. Dolan, Agensys, Inc., 310.820.8029 x211, tdolan@agensys.com


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SOURCE Agensys, Inc.
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