Covance Purchases Equity Stake in Caprion ... (l Phase II proof-of-concept and pivotal ...)

Covance Purchases Equity Stake in Caprion Proteomics

Date:12/16/2008

l Phase II proof-of-concept and pivotal Phase III trials, post-marketing commitment, and Central Laboratory services, Covance's clients now have access to the most comprehensive integrated biomarker capabilities in the industry.

New Biomarker VP

Leading Covance's biomarker business will be Thomas Turi, Ph.D., Covance's new Vice President of Biomarkers. In his new role, Dr. Turi will be responsible for building Covance's Center of Excellence for Biomarkers in Greenfield and leading Covance's Biomarker Expert Team, a panel of top scientists representing Covance's biomarker capabilities.

Dr. Turi joins Covance with over 14 years of experience leading drug discovery projects ranging from exploratory through early development programs. Prior to Covance, Dr. Turi spent his career at Pfizer, where he held a broad array of scientific leadership positions of increasing responsibility. Most recently, Dr. Turi served as the Senior Director of Translational Biomarkers and Mechanistic Biology at Pfizer's laboratories in Groton, Connecticut.

Dr. Turi completed his postdoctoral training at Yale University's College of Medicine in New Haven, Connecticut and received his Ph.D. in Molecular Genetics from the University of Cincinnati College of Medicine. He holds dual B.S. degrees in Biochemistry and Chemistry from the University of Illinois at Urbana-Champaign.

"I am confident that the scientific, business, and leadership experience of our new biomarker vice president, plus the creation of our Biomarker Center of Excellence in Greenfield, will allow us to accelerate the growth of our biomarker business," added Tanner. "We are confident that our biomarker expertise will help our clients increase the effectiveness and efficiency of their drug development programs in terms of speed, cost, and quality."

About Covance

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Covance Purchases Equity Stake in Caprion ...(l Phase II proof-of-concept and pivotal ...)