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Vermillion Retains ThinkPanmure to Assist in the Evaluation of Potential Strategic Alternatives
Date:7/14/2008

FREMONT, Calif., July 14 /PRNewswire-FirstCall/ -- Vermillion, Inc. (Nasdaq: VRML), a molecular diagnostics company, today announced that it has engaged ThinkPanmure LLC., a global, growth-company investment bank, to assist the Company in identifying and evaluating strategic alternatives intended to enhance the potential of the Company's proteomic tests (OVA1(TM) and VASCLIR(TM)) and pipeline of proprietary biomarkers to maximize stockholder value. No assurances can be given that this evaluation will lead to any specific action or transaction.

"We continuously evaluate our strategic options to identify and develop prospects for maximizing value for all stockholders and look forward to working with ThinkPanmure in this regard," said Gail Page, President and Chief Executive Officer of Vermillion. "While reviewing the various alternatives, we will continue to advance our commercialization strategies, namely building marketplace awareness for our women's health, oncology, and cardiac programs which include the OVA1(TM) and VASCLIR(TM) tests."

About ThinkPanmure LLC

ThinkPanmure LLC is a research-centric institutional investment bank focused on the growth economy. ThinkPanmure LLC is dedicated to providing strategic advice, in-depth research coverage and capital to corporate clients and institutional investors interested in the knowledge economy's key growth verticals: consumer business services, healthcare, media, and technology. For more information about ThinkPanmure LLC, please visit http://www.thinkpanmure.com. Member NASD and SIPC.

About Vermillion

Vermillion, Inc. is dedicated to the discovery, development and commercialization of novel high-value
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SOURCE Vermillion, Inc.
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