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Steven D. Murphy is chief executive officer for the National Pork Board.He is responsible for the development and implementation of promotion,research and consumer information initiatives strategically directed towardthe issues most critical to the United States pork industry. Murphy, who wasselected as the National Pork Board first CEO in 2001, and his staff provideoversight for 43 state pork associations. Prior to the National Pork Board,Murphy led the creation of three start-up companies centered on leading-edgetechnologies and information management strategies.
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Timothy Scott Clark is a senior partner and member of the executive teamof CarVal Investors, a global leader in opportunistic value investing. Hejoined the firm in 1992, and has experience investing in a wide variety ofassets. Clark received his MBA from the University of Chicago and hisBachelor of Arts degree from DePauw University. He is active in the communityand currently sits on several for-profit and non-profit boards.
"Steve and Tim bring diverse areas of expertise that will add great valueto our board and Spring Point Project," says Tom Cartier, president andchairman of the Spring Point Project board. "Steve's knowledge of the porkand biotech industries and Tim's experience in finance and business will beinvaluable not only in providing direction for daily operations but also infurther development of pig islets to a clinical entity."
Currently, there are about 25 million people in the United States withdiabetes, representing approximately eight percent of the population. Diabetesalone represents 11 percent of the nation's health care expenditure.
Spring Point Project works in partnership with the Diabetes Institute forImmunology and Transplantation of the University of Minnesota on the missionto expedite the affordable and widespread availability of islet tissue todiabetes patients. In this partnership, the two organizations provide thescience and the source needed to move toward a cure for diabetes. The DiabetesInstitute conducts the preclinical and clinical trials, and Spring PointProject builds and operates the biosecure facilities where high-health sourcepig donors are developed.
The Diabetes Research and Wellness Foundation, a not-for-profit worldwidenetwork based in Washington, D.C., is also part of the partnership with amajor $6.2 million grant to Spring Point Project.
To contact Spring Point Project, visit www.SpringPointProject.org. Tocontact the Diabetes Institute for Immunology and Transplantation, visitwww.diabetesinstitute.org. To contact Diabetes Research & WellnessFoundation, visit www.diabeteswellness.net.Contact: Molly Kersten R/P Marketing Public Relations (419)241-2221 [email protected]
SOURCE Spring Point Project
