Health & Fitness
Health and Fitness
Health and Fitness 
Thu, September 17, 2009
Wed, September 16, 2009
AspenBio Pharma, Inc.: AspenBio Adds Greg Bennett as Vice President of Product Development and Manufacturing
CASTLE ROCK, CO--(Marketwire - September 16, 2009) - AspenBio Pharma, Inc. (
Bennett's initial responsibilities will focus on finalizing product development decisions and advancing manufacturing arrangements for the cassette and instrument version of AppyScore™, the company's breakthrough diagnostic test for aiding in the diagnosis or rule out of human appendicitis.
Mr. Bennett brings to AspenBio Pharma 25 years of experience in product design and development focused in cassette and instrument test formats, including point-of-care ("POC") and home test products. He recently served as general manager of Cholestech's operations following the company's acquisition by Inverness Medical Innovations, Inc., in 2007. At Cholestech, Mr. Bennett served as vice president of research and development where he was responsible for the development and launch of its cholesterol instrument and cartridge system for POC use.
Prior to his six years with Cholestech / Inverness, Bennett spent 12 years with LifeScan, Inc., a Johnson & Johnson Company, where he served in increasing levels of responsibility and lastly as director of process development engineering. At LifeScan, he led the group responsible for the process development, scale-up and commercialization of several blood glucose monitoring devices. Bennett earned his B.S. in Mechanical Engineering from the University of Wisconsin, and has received specialized training in Process Excellence/Six Sigma and Stanford Executive Training - Corporate Finance and Portfolio Management.
"We are fortunate to attract the talent Greg brings to AspenBio Pharma," said the company's chairman and chief executive officer, Daryl Faulkner. "We have entered a critical period in our product development related to the AppyScore instrument and cassette system, and we believe his experience and skill will help us advance AppyScore down the path toward regulatory approval and commercialization. Greg's background and broad experience in diagnostic products in particular adds a valuable element to our management team."
About AspenBio Pharma
AspenBio Pharma, Inc. (
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of the future as there are a number of meaningful factors that could cause the company's actual results to vary materially from those indicated by such forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate in the circumstances. Meaningful factors, which could cause actual results to differ from expectations, many of which are beyond the control of the company, include, but are not limited to, our ability to successfully complete the clinical trial data assessments required for FDA submission, obtain FDA approval for, cost effectively manufacture and generate revenues from, the appendicitis test in development, as well as the animal products and other new products developed by the company, and our ability to retain the scientific management team to advance the products in development, execute agreements to provide the company with rights to meet its objectives, overcome adverse changes in market conditions and the regulatory environment, and obtain and enforce intellectual property rights. The company does not intend (and is not obligated) to update publicly any such forward-looking statements. For other factors that may impact such forward-looking statements, reference is made to our annual and quarterly reports filed with the Securities and Exchange Commission.