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PRESS RELEASE - APRIL 30th, 2007
Upstream Biosciences Inc. Appoints Dr. Dale Pfost to Board of Directors
April 30th, 2007 - Upstream Biosciences Inc. (OTCBB:UPBS)
("Upstream" or "the Company"), an emerging leader
in the field of genetic diagnostics for cancer and the prediction of
drug response, has appointed Dr. Dale Pfost to the Company’s board
of directors. Dr. Pfost is currently President of Opko Health and former
CEO of Acuity Pharmaceuticals, Orchid BioSciences, and Oxford GlycoSciences.
"Dale has a proven track record of building successful
Life Science companies," says Upstream CEO, Joel Bellenson. “His
experience ranges from innovative research tools to revolutionary new
drugs, and he has been a visionary in the world of molecular profiling.”
Dr. Pfost has been a biotechnology entrepreneur and leader
in the commercialization of new diagnostic/analytical as well as drug
discovery and development technologies and products for more than 20
years. He has been founding CEO of four biomedical companies, two of
which progressed to become NASDAQ-traded public firms and a third which
was acquired by an industry leader. He has led 17 financings at his
firms that have raised over 330 million dollars.
Upstream is developing diagnostic tests that may aid in
the early detection of cancer by identifying individuals with disease
susceptibility. Upstream is also developing diagnostic tests that may
determine whether a drug will be useful or harmful to an individual
patient based on their genetic profile. According to the Journal of
the American Medical Association, each year 100,000 people die in the
United States due to adverse reactions to prescription drugs.
For more information, please contact Samantha Haynes at
1-800-539-0289 or .
Media Contact: David Libby, Libby Communications: Tel. 510.868.4903
/ Cel. 510.377.1466 or .
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