BEDFORD, Mass., Oct. 20 /PRNewswire-FirstCall/ -- Insulet Corporation (Nasdaq: PODD), the leader in patch pump technology with its OmniPod(R) Insulin Management System, today announced the appointment of Sally W. Crawford to its board of directors. Ms. Crawford is a healthcare consultant and the former chief operating officer of Healthsource Inc., a managed care organization. She replaces Alison de Bord of Alta Partners, a venture capital firm in life sciences, on Insulet's board of directors.
"Sally has had a distinguished career in the healthcare industry and we are delighted to welcome her to the Insulet board. Her expertise, particularly in managed care, will be a valuable asset to the Company as we continue to capture the growing demand for the OmniPod Insulin Management System," said Duane DeSisto, Insulet's president and chief executive officer.
Sally W. Crawford served as chief operating officer of Heathsource Inc., a publicly held managed care organization headquartered in New Hampshire, from its founding in April 1985 until January 1997. During her tenure at Healthsource, she led development of the company's operating systems and marketing strategies and supported strategic alliances with physicians, hospitals, insurers and other healthcare companies.
Since January 1997, Ms. Crawford has been a healthcare consultant in New Hampshire for clients such as Bayer Healthcare Diabetes Division, as well as healthcare investors, providers, regulators and managed care payers. Ms. Crawford serves on the board of directors of Hologic, Inc., EXACT Sciences, CombinatoRx Inc., and Universal American. Ms. Crawford earned a BA in English from Smith College and an MS in Communication from Boston University.
About Insulet Corporation
Insulet Corporation is an innovative medical device company dedicated to improving the lives of people with diabetes. The Company's OmniPod Insulin Management System is a revolutionary, discreet and easy-to-use insulin infusion system that features two easy-to-use parts with no tubing and fully-automated cannula insertion. Through the OmniPod System, Insulet seeks to expand the use of continuous subcutaneous insulin infusion (CSII) therapy among people with insulin-dependent diabetes. Founded in 2000, Insulet is based in Bedford, MA.
This press release contains forward-looking statements concerning
Insulet's expectations, anticipations, intentions, beliefs or strategies
regarding the future, including those related to the demand for the OmniPod
System and Insulet's ability to successfully capture that demand. These
forward-looking statements are based on its current expectations and
beliefs concerning future developments and their potential effects on it.
There can be no assurance that future developments affecting it will be
those that it has anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond its control) or
other assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include, but are
not limited to: risks associated with Insulet's dependence on the OmniPod
System; Insulet's ability to achieve and maintain market acceptance of the
OmniPod System; potential manufacturing problems, including damage,
destruction or loss of any or Insulet's automated assembly units or
difficulties in implementing its automated manufacturing strategy;
potential problems with sole source or other third-party suppliers on which
Insulet is dependent; Insulet's ability to obtain favorable reimbursement
from third-party payors for the OmniPod System and potential adverse
changes in reimbursement rates or policies relating to the OmniPod;
potential adverse effects resulting from competition with competitors;
technological innovations adversely affecting the Company's business;
potential termination of Insulet's license to incorporate a blood glucose
meter into the OmniPod System; Insulet's ability to protect its
intellectual property and other proprietary rights; conflicts with the
intellectual property of third parties; adverse regulatory or legal actions
relating to the OmniPod System; the potential violation of federal or state
laws prohibiting "kickbacks" and false and fraudulent claims or adverse
affects of challenges to or investigations into Insulet's practices under
these laws; product liability lawsuits that may be brought against Insulet;
unfavorable results of clinical studies relating to the OmniPod System or
the products of Insulet's competitors; potential future publication of
articles or announcement of positions by physician associations or other
organizations that are unfavorable to Insulet's products; Insulet's ability
to attract and retain key personnel; Insulet's ability to manage its
growth; risks associated with potential future acquisitions; Insulet's
ability to maintain compliance with the restrictions and covenants
contained in its existing credit and security agreement; Insulet's ability
to successfully maintain effective internal controls; and other risks and
uncertainties described in the Company's annual report on Form 10-K for the
year ended December 31, 2007 and in the Company's quarterly report on Form
10-Q for the quarter ended June 30, 2008 and its other filings from time to
time with the Securities and Exchange Commission. Should one or more of
these risks or uncertainties materialize, or should any of its assumptions
prove incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. Insulet undertakes no
obligation to publicly update or revise any forward-looking statements.
Stephanie Marks for Insulet Corporation
|SOURCE Insulet Corporation|
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