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Veracyte Appoints Mark Spring as Chief Financial Officer
Date:1/31/2012

SOUTH SAN FRANCISCO, Calif., Jan. 31, 2012 /PRNewswire/ -- Veracyte, Inc., a molecular diagnostics company pioneering the emerging field of molecular cytology, today announced the appointment of Mark Spring as chief financial officer.

"We are delighted that Mark Spring has joined the Veracyte team," said Bonnie Anderson, Veracyte's cofounder and chief executive officer. "His extensive experience as a CFO and senior finance leader in both public and private healthcare companies will be key as we execute against our vision of developing and commercializing molecular cytology tests that enable physicians to make more informed treatment decisions that improve patient care and provide cost savings to the healthcare system."

Mr. Spring has more than 17 years of experience in senior finance roles with leading healthcare companies. He previously served as senior vice president and CFO for Promethius Laboratories Inc., a privately held diagnostic and specialty pharmaceutical company with over $500 million in revenues, which was sold to Nestle S.A. in 2011. Prior to that, he was senior vice president and CFO at Hyperion Therapeutics, Inc. and was also vice president of finance and controller at MedImmune, which was acquired by AstraZeneca in 2007. Mr. Spring has also held senior finance roles with Baxter International, Dade Behring, Caremark International Inc. and PricewaterhouseCoopers.

"I am extremely pleased to join the top-notch management team of this exciting company," said Mr. Spring of Veracyte. "In just three years, Veracyte has successfully developed and launched its first product – the Afirma® Thyroid FNA Analysis, for improved thyroid nodule diagnosis. In the first year of commercialization, the Veracyte team has achieved Medicare coverage and established a global co-promotion partnership with Genzyme, one of the world's leading biotechnology companies. I'm excited to support the comp
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SOURCE Veracyte, Inc.
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