Research Triangle Park, North
Carolina
July 18, 2002
Paradigm Genetics,
Inc. (Nasdaq: PDGM) announced today that its Board of
Directors has appointed Heinrich Gugger, Ph.D., as President and
Chief Executive Officer. Most recently, Dr. Gugger served as
President of Syngenta Crop Protection, Inc. John Hamer, Ph.D.,
former Interim President and CEO of Paradigm, will continue to
serve as the company's Chief Scientific Officer.
"This is clearly the next step for Paradigm Genetics - to bring
in a seasoned business leader with commercial experience to lead
the company," said G. Steven Burrill, Chairman of the Board of
Paradigm Genetics. "Heiri has a comprehensive understanding of
how to access markets through technological innovation. He will
have an immediate, positive impact on our agricultural business
and bring a strong focus to our emerging business in human
health."
Dr. Gugger, age 51, brings to Paradigm extensive business and
scientific industry experience. As Syngenta Crop Protection's
first president, he led the merger integration between Novartis
Crop Protection and Zeneca Agrochemicals, while simultaneously
sustaining an unprecedented innovation drive resulting in new
EPA registrations and the launch of 10 new formulation level
products in the first nine months of the company's existence. As
a member of the Board of the North Carolina Biotechnology
Institute and the two Novartis Biotech Research Centers, he
participated in building the biotech opportunity for Novartis
and North Carolina. Previously, Dr. Gugger held senior level
positions with Novartis (formerly Ciba), most notably as Global
Head of the Fungicides Business Unit in Agriculture and Global
Head of the Electronic Materials Business Unit in the printed
wiring board and chip manufacturing industry. Before that, he
spent four years in the instrumentation business with
Spectra-Physics, Inc. where he gained valuable public company
experience. Dr. Gugger holds a Ph.D. in Inorganic and Physical
Chemistry from the University of Bern.
"I am very excited to have the opportunity to lead Paradigm
Genetics," said Dr. Gugger, PhD. "Paradigm is a world leader in
the application of genomics to agriculture and holds exciting
potential for the application of metabolomics to human health.
Using my industry experience, I plan to leverage our scientific
expertise and leading technology platforms to build long-term
growth for the company. I look forward to working with a strong
management team and talented scientists at Paradigm and wish to
acknowledge the contribution that John Hamer made as Interim
President and CEO."
Paradigm Genetics, Inc. (Nasdaq: PDGM), headquartered in
Research Triangle Park, NC, is a life sciences company using
genomics and metabolomics-based technologies to speed the
discovery of products for agriculture and human health. In
agriculture, Paradigm has unlocked the potential of functional
genomics through its GeneFunction Factory(TM) industrialized
platform, which links gene expression profiling, biochemical
profiling, and phenotypic profiling to create industry-leading
genomic
knowledge and intellectual property advantages. Also, Paradigm
offers plant breeders genotyping, molecular breeding and genomic
services to accelerate product development through its business
unit ParaGen. In human health, Paradigm partners with
pharmaceutical and other biotechnology companies to transform
drug discovery and development by significantly enhancing the
study of drug targets, lead compounds, and predictive medicine.
The Company's proprietary metabolomics technology platform,
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.
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