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"We're very excited to bring someone of Larry's caliber on board with usat a time when his proven management skills will be highly valuable to ourproduct development and eventual product launches," said Ashton. "He is aveteran of the industry who has seen many products successfully through themanufacturing and regulatory process and his recent past experience atBioStar, manufacturing a chip-based rapid test, is similar to Great Basin'schip-based molecular diagnostic system."
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Rea brings to Great Basin Scientific more than 20 years of engineering andmanufacturing experience, of which eight years were spent managing a GoodManufacturing Practice (GMP) facility for BioStar, Inc., a subunit ofInverness Medical Innovations, Inc., with revenues that exceeded $30 millionduring Rea's tenure. As general manager at BioStar, Rea was responsible forFDA regulatory requirements and the overall performance of the business unit.
Rea has particular expertise in seeing products through the regulatoryprocess. During his past eight years at BioStar, Rea and his staff wereresponsible for seeing multiple diagnostic products through the 510K approvalprocess. He also oversaw the pre-clinical and clinical trials at hospitalsand clinics, including institutional review board (IRB) approvals frommultiple organizations.
Rea holds a Bachelor of Science degree in Physics from University ofColorado, Boulder, Colo.
"I am very excited to be working with Great Basin Scientific to help bringthis much needed technology to the healthcare industry, and ultimately,develop a new standard of care for physicians and their patients," said Rea.
About Great Basin Scientific
Great Basin Scientific, Inc. is a privately held life sciences companythat commercializes breakthrough technologies for the molecular, rapiddiagnostic testing market. The company is dedicated to development of simpleyet powerful point-of-care technology and products that improve automation,throughput, scalability, reliability and ease of use of rapid diagnostictesting for point-of-care settings such as physician's office labs,small-medium hospital labs and other moderately complex laboratory facilities.The company's laboratory and manufacturing facilities are located in Longmont,Colo.
Great Basin Scientific was founded in 2003 by David Ward, Ph.D., deputydirector of the Nevada Cancer Institute, formerly of Yale University ofMedicine, and Anthony R. Torres, M.D., senior scientist and director of theImmunogenetics Laboratory, Utah State University. More information can befound on the company's Web site at http://www.gbscience.com.
SOURCE Great Basin Scientific, Inc.
