RainDance Technologies Appoints Martin M. Coyne II and Glenn P. Muir to Board of Directors
BILLERICA, MA - Nov 3, 2014 - RainDance Technologies, Inc., a genomics tools company simplifying the analysis of complex genetic diseases, today announced the appointment of Martin M. Coyne II and Glenn P. Muir to its Board of Directors.
Coyne Brings Technology and Healthcare Industry Best
Practices
Mr. Coyne currently serves as a director of Akamai, a role he has
held since November 2001. Before his retirement from Eastman Kodak
in July 2003, he served in a variety of senior management positions
including President of Health Imaging, President of the Commercial
Business Group and most recently, Executive Vice President of
Eastman Kodak and Group Executive of the Photography Group.
Mr. Coyne also serves as Chairman of the Board of RockTech, a privately held SaaS business. He is President and CEO of the New Jersey Chapter of the National Association of Corporate Directors. In October 2011, he was named to the Directorship 100 list of most influential directors. In the past, he served as a director of BioClinica, OpenPages, Avecia Group Plc, director and Chairman of Welch Allyn and as a member of the board of AdvaMed. He is the author of a book and many articles on board governance, CEO leadership and improving CEO performance. He is also the Chairman and Founder of the CEO Learning Network.
At its core RainDance is a technology company providing customers and partners with the ability to extract precise genetic data, Coyne said. Its an exciting time to be at the intersection of healthcare and technology and to capitalize on genomics big data trends as well as to be at the vanguard of fluid biopsy research of cancers and other complex diseases. I look forward to working with the board and leadership team to help the company continue its success.
Marty is a pioneer in digital content and big data. He served as Akamais Lead Director from May 2003-May 2013 while the company grew from an Internet startup to almost $1.5B in revenue, said Roopom Banerjee, RainDance Technologies President and CEO. At Eastman Kodak Marty was responsible for $9B in revenue overseeing businesses each with razor-blade models. His operating experience along with his extensive knowledge of the healthcare industry -- including former management roles in sales, international marketing and business development at E.R.Squibb and Sterling Drug -- will help the company develop its markets and further build a loyal customer base.
Muir Adds Deep Financial Expertise to RainDances Expanding
Operations
Mr. Muir has extensive experience in financial management having
guided Hologic from its early days with less than $10 million in
revenue to its current position as one of the largest life science
companies with annual revenues of over $2 billion. He was
Hologics Chief Financial Officer from 1992 to May 2014 and
Executive Vice President since 2000 with a broad range of financial
and operating responsibilities including the oversight of the
companys strategic initiatives. He was at the helm for Hologics
IPO in 1990.
Currently the Audit Committee Chair at ReWalk Robotics Ltd, his Board of Director experience also includes Hologic, Inc. from 2001 to 2013 and Vivid Technologies, Inc. from 1996 until the company was sold to EG&G in 1999. He was one of Americas Best CFOs as surveyed by Institutional Investor in 2009. In 2011 Boston Business Journals named him CFO of the year.
Banerjee noted, Glenn has built world-class organizations, has led the acquisition/integration of over twenty companies and has substantial financing experience with private and public companies. His healthcare industry experience spans medical imaging, diagnostics and surgical solutions. We are pleased to add his exceptional talents to our board.
Muir added, RainDance is helping researchers around the world unlock critical new insights and data from genetics. In doing so, it is playing a key role in opening up a world of discovery for researchers and advancing the understanding of disease development. I look forward to working with the board and leadership team.
Complex Genetics Made Simple
RainDance Technologies enables research with an innovative product
portfolio to study cell-free and cell-based biomarkers for
hereditary risk predisposition, initial detection, pathology and
residual disease. The companys products include:
• RainDrop® System: Ultra-sensitive digital PCR system for
research of early detection and monitoring biomarkers for cancers,
viruses, pathogens, and immune disorders.
• ThunderBolts Cancer Panel: Comprehensive Next-Generation
Sequencing (NGS) panel enabling highly sensitive, rapid, low input
and primary tumor profiling research in fresh biopsy, plasma and
FFPE samples.
• ThunderStorm® System: High-throughput, fully automated NGS
content enrichment solution enabling researchers to generate
high-quality data on large-scale disease panels with a simple and
affordable workflow.
About RainDance Technologies
RainDance Technologies is making complex genetics simple. The
companys ultra-sensitive genomic tools enable research of novel
non-invasive Fluid Biopsy applications that should result in more
accurate, reliable, cost-effective, and early detection of cancer
and other inherited and infectious diseases. Major research
institutions and laboratories around the world rely on the
performance of RainDance systems. Based outside Boston,
Massachusetts, the company supports customers using RainDrop®
Digital PCR and ThunderStorm® Next-Generation Sequencing Content
Enrichment Systems through its international sales and service
operations, as well as a global network of distributors and
commercial service providers. For more information, please visit
www.RainDanceTech.com.
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The ThunderStorm NGS Content Enrichment System is for Research Use Only. Not for use in diagnostic procedures.
RainDance Technologies, the RainDance Technologies logo, ThunderStorm, and Fluid Biopsy are trademarks of RainDance Technologies, Inc. All other brands may be trademarks of their respective holders.
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