Advanced Life Sciences Announces Appointment
of Financial Executive
to Board of Directors
Woodridge, Ill, June 25, 2001 - Advanced Life Sciences, Inc.
announced today the appointment of Kathryn Burrer Hyer, JD, to
its Board of Directors. Ms. Hyer is an accomplished businesswoman
and senior financial executive whose most recent position was
Chief Financial Officer of Quark Biotech, Inc. in Chicago, Illinois.
"We are extremely pleased that a business person with as
many accomplishments as Ms. Hyer has, has joined our Board of
Directors," said Dr. Sharon W. Ayd, Chief Operating Officer
of Advanced Life Sciences. "Kathryn Hyer has impressive credentials
and many years of successful experience in analyzing business
potential and in raising large sums of financing. These talents
are precisely what we need to ensure that our company is successful
in raising venture capital, vital in sustaining our business model."
Ms. Hyer graduated Magna Cum Laude from Aquinas College, Grand
Rapids, Michigan and received a law degree from the Marshall College
of Law at Cleveland State University. Prior to her position at
Quark Biotech, Ms. Hyer was Managing Director, Health Care Group
at Everen Securities, Inc., Chicago, Illinois where she identified
financing, strategic partnerships and acquisition opportunities.
She also managed initial public offerings and acted as sole agent
in private placements. In just two years she generated over $10
million in fees. Ms. Hyer was also Director of Finance for the
City of Cleveland, Ohio where she managed a $1 billion budget
in the Office of Budget & Management.
Advanced Life Sciences, Inc., based in Woodridge, Illinois (http://www.advancedlifesciences.com)
is a privately held, early-stage pharmaceutical technology development
company that discovers and develops therapeutic compounds to fight
infection, inflammation and cancer. The company bridges the gap
between academic discoveries and pharmaceutical commercialization
and focuses on conditions that have significant unmet medical
needs in medium sized markets.
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