Business Services Industry

ViaCell Names John F. Thero Chief Financial Officer

Business Wire, July 2, 2007

CAMBRIDGE, Mass. -- ViaCell, Inc. (Nasdaq: VIAC) today announced the appointment of John F. Thero as the Company's Senior Vice President, Finance and Chief Financial Officer. In this role, he will have broad responsibility for all financial and administrative matters of the Company and be actively involved in corporate development and other strategic and operational matters. He will report directly to Marc D. Beer, ViaCell's President and Chief Executive Officer. Mr. Thero replaces Stephen G. Dance who is leaving the Company to pursue new opportunities. Mr. Dance will remain with the Company for a transition period.

"John is a seasoned executive with broad operational and financial experience in rapidly growing companies and will be a tremendous asset to ViaCell as we continue to expand our commercial operations," said Mr. Beer. "We are extremely pleased John is joining our management team and look forward to his contributions at ViaCell."

Mr. Beer added, "We are also grateful for Steve's contributions to ViaCell including his role in our 2005 initial public offering and recent compliance with Sarbanes-Oxley. We wish him success in the future."

Mr. Thero has more than 20 years of senior financial and operational management experience, the majority of which is in the life sciences industry. Most recently, Mr. Thero was Chief Financial Officer of Acusphere, Inc. and Abiomed, Inc. Mr. Thero began his professional career at Arthur Andersen LLP, during which time he became a Certified Public Accountant. Mr. Thero holds a B.A. in Economics and Accounting from the College of the Holy Cross.

About ViaCell

ViaCell, Inc. is a biotechnology company dedicated to enabling the widespread application of human cells as medicine. The Company markets ViaCord[R], a product offering through which families can preserve their baby's umbilical cord blood at the time of birth for possible future medical use in treating over 40 diseases including certain blood cancers and genetic diseases. ViaCell also conducts research and development primarily to investigate other potential therapeutic uses of umbilical cord blood-derived stem cells and on technology for expanding populations of these cells. ViaCell's pipeline is focused in the areas of cancer, cardiac disease, diabetes and fertility. For more information about ViaCell, visit our website at http://www.viacellinc.com.

ViaCell([R]) and ViaCord([R]) are federally registered trademarks of ViaCell, Inc.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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