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BioSeek Appoints Michael C. Venuti, Ph.D., Chief Executive Officer
Date:11/7/2007

BURLINGAME, Calif., Nov. 7 /PRNewswire/ -- BioSeek, Inc., a leader in applying integrated human biology systems for developing new therapeutics, announced today that Michael C. Venuti, Ph.D., has joined the Company as its Chief Executive Officer and member of the Board of Directors. Dr. Venuti succeeds Peter D. Staple, who will continue his involvement with the Company as an investor and Board member. Dr. Venuti previously served as Chief Executive Officer of Discovery Partners International, a small molecule-based drug discovery services company.

Fred Craves, Managing Director and Founder of Bay City Capital, which is a major investor in BioSeek, commented, "We welcome Michael to BioSeek, as we believe his leadership and specific experience in drug discovery will be important as BioSeek strives to expand its proprietary drug discovery activities. This new direction was highlighted by our recent research collaboration with Amylin Pharmaceuticals to discover novel peptide therapeutics. We thank Peter Staple for his important contributions to BioSeek, including taking the Company to a new level through validating corporate partnerships, including our relationship with Amylin."

"It's gratifying to have an individual with Michael's background and talent join us as the Company advances into an exciting new phase of development," added Peter Staple.

"I look forward to leading BioSeek in its new drug discovery-focused direction and anticipate these new initiatives will lead us to both additional partnerships and revenue-generating contracts in the future," commented Dr. Venuti. "The launching of our proprietary development programs utilizing our BioMAP(R) human biology screening systems will also provide us with additional internal value drivers."

Since the Discovery Partners merger with Infinity Pharmaceuticals in September 2006, Dr. Venuti has served as a consultant to TPG Growth Biotech Ventures, as well as to a number of biotech companies
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SOURCE BioSeek, Inc.
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