BETHESDA, Md., Sept 10 /PRNewswire-FirstCall/ -- Spherix Incorporated (Nasdaq: SPEX), an innovator in biotechnology for diabetes therapy, and a provider of technical and regulatory consulting services to food, supplement, biotechnology, and pharmaceutical companies, today announced that, effective August 31, 2009, Ram R. Nimmagudda, Ph.D., has joined the company as Director of New Business Development.
Dr. Nimmagudda brings to Spherix more than 15 years of years of experience in business development, nutrition and nutraceutical industries, with particular expertise in novel food ingredients. At Spherix, Dr. Nimmagudda will be responsible for developing new business opportunities for both of Spherix's wholly-owned subsidiaries - Spherix Consulting and Biospherics.
Dr. Nimmagudda has extensive experience in research, regulatory processes, operations, supply chain management, and business development. Most recently, Dr. Nimmagudda held the position of Director of New Business Development, South Asia for DSM Functional Foods where he oversaw the strategic development and execution of the company's functional foods business plan for the region. In this role, he focused on initiating market development activities that supported the regional growth of DSM's functional food product business in South Asia, and participating in the due diligence activities of local acquisitions and subsequent integration teams.
"Ram's expertise in taking technologies from discovery to commercialization in global settings, coordinating international project teams, and directing the identification, acquisition, and development of health oriented and bioactive ingredients will be a valuable resource for all of us at Spherix," said Dr. Claire Kruger, Chief Executive Officer of Spherix. "Ram is an
|SOURCE Spherix Incorporated|
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