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Covance Appoints Dr. Steven M. Michael as Vice President and Chief Scientific Officer of Global Bioanalytical Services
Date:7/7/2009

PRINCETON, N.J., July 7 /PRNewswire-FirstCall/ -- Covance Inc. today announced that Steven M. Michael, Ph.D. has joined the company as vice president and chief scientific officer of global bioanalytical services. With 15 years of pharmaceutical industry experience, including bioanalytical research, translational research, and talent development, Dr. Michael will lead scientific, marketing, and business development strategy for Covance's bioanalytical services.

Dr. Michael joins Covance from Pfizer Global Research and Development where he served as executive director of bioanalytical research in Worldwide Pharmacokinetics, Dynamics & Metabolism. As a member of the executive leadership team, he provided strategic leadership for the Worldwide Pharmacokinetics, Dynamics & Metabolism group and led the regulated bioanalytical support of the Pfizer human health portfolio. Dr. Michael's experience also includes drug discovery, drug development, and research technology with focus on bioanalytical research, translational research, biomarkers, and leadership development.

Dr. Michael received a doctorate in analytical chemistry from the University of Michigan. He is a member of the American Society of Mass Spectrometry and the American Association of Pharmaceutical Scientists and has been published in various scientific publications, including Analytical Chemistry, Journal of Pharmaceutical and Biomedical Analysis, and International Journal of Mass Spectrometry and Ion Process.

Offering global flexible capacity and more than 350 bioanalytical scientists with more than 2,600 years of combined industry experience, Covance's bioanalytical services group develops and validates more than 550 methods every year to support drug development from discovery through Phase IV.

About Covance

Covance, with headquarters in Princeton, New Jersey, is one of the world's largest and most comprehensive drug development services companies with annual revenues greater than $1.7 billion, global operations in more than 25 countries, and more than 9,800 employees worldwide. Information on Covance's products and services, recent press releases, and SEC filings can be obtained through its website at www.covance.com.

Statements contained in this press release, which are not historical facts, are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements including the statements contained herein regarding anticipated trends in the Company's business are based largely on management's expectations and are subject to an qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, competitive factors, outsourcing trends in the pharmaceutical industry, levels of industry research and development spending, the Company's ability to continue to attract and retain qualified personnel, the fixed price nature of contracts or the loss of large contracts, and other factors described in the Company's filings with the Securities and Exchange Commission.


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