Research Triangle Park, North
Carolina
February 26, 2002
Paradigm Genetics,
Inc. (Nasdaq: PDGM) today announced that Chief Executive
Officer and President John A. Ryals was terminated. The company
also announced that John E. Hamer, Ph.D., the company's chief
scientific officer, has been appointed interim Chief Executive
Officer and President, while a global search is conducted.
Dr. Ryals founded the company in 1997 and has since served as
the chief executive officer and president.
Dr. Hamer received his Ph.D. in microbiology from the University
of California, Davis in 1987. Prior to joining the company, Dr.
Hamer served as professor of biological sciences and adjunct
professor of microbiology and immunology at Purdue University.
While at Purdue, Dr. Hamer was awarded the David and Lucille
Packard Fellowship and the National Science Foundation
Presidential Faculty Fellowship.
Paradigm Genetics, Inc. (Nasdaq: PDGM), headquartered in
Research Triangle Park, NC, is an integrated life sciences
company developing novel technologies to speed the discovery of
products for the advancement of human health, agriculture and
nutrition. In human health, Paradigm seeks to use its
proprietary MetaVantage(TM) metabolomics technology platform to
transform drug discovery and development by significantly
enhancing the study of drug targets, lead compounds, and
predictive medicine. MetaVantage(TM) elucidates the metabolic
profile of a cell, tissue, or fluid, and integrates this
information with data from other genomics analyses using its
proprietary comprehensive informatics system. By globally
interrogating biochemistry, the MetaVantage(TM) technology
extends traditional genomic technologies to reveal the next
level of cellular information. In agriculture, Paradigm has
unlocked the potential of functional genomics through its
GeneFunction Factory(TM) industrialized
technology platform, which links gene expression profiling,
biochemical profiling, and phenotypic profiling to create
industry-leading genomic knowledge and intellectual property
advantages. ParaGen, a new business venture between Celera
Genomics, Inc. and Paradigm Genetics, Inc., offers gene
sequencing, genotyping, and other genomic technology services to
plant- and microbial-based product development customers. In
nutrition, Paradigm uses its expertise in biochemical profiling
and gene expression profiling to discover, develop, and
commercialize plant and microbial-based nutraceutical products.
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