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Magellan Biosciences Names Steven E. Diamond, PhD, Chief Scientific Officer
Date:8/28/2007

existing technologies and development capabilities across the company. He will play a key role in defining and implementing our diagnostic-product portfolio strategy - providing scientific expertise and leadership to help ensure that our product pipeline is compelling, high quality, and delivered in a timely manner to meet market needs. Steve will also be an active voice in Magellan's acquisition, licensing, and partnership strategy -- providing scientific evaluation and counsel in our pursuit of complementary technologies that expand our presence in the point-of-care and hospital-laboratory segments."

Dr. Diamond previously held several senior-level positions at Bayer Diagnostics. From 2000-2004, he was vice president research and development for the near-patient-testing segment. Before that, he was vice president, research and development for the self-testing segment. Prior to joining Bayer, he was vice president, research and development for the Stratus Immunochemistry business of Baxter Diagnostics. Dr. Diamond received a bachelor's degree cum laude in chemistry from Rensselaer Polytechnic Institute (Troy, New York) and a PhD in chemistry from Stanford University (Stanford, California), with Nobel Laureate, Professor Henry Taube, as his research advisor. He is the recipient of several honors and awards, has authored many technical publications and abstracts in peer-reviewed journals, and is the co- holder of numerous United States and international patents.

About Magellan Biosciences

Magellan serves the worldwide clinical-diagnostics market with rapid point-of-care analyzers and automated systems for hospital-based labs and near-patient testing. Scientists use the company's discovery systems and sensors for cutting-edge research to develop a new understanding of health and illness -- from disease pathology to biomarker identification. Magellan designs all its systems, sensors, and consumables to deliver better, more- reliable results. And bett
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