Techne Corporation Announces That John L. Higgins has Accepted a Seat on Techne's Board
May 19 2009 - 9:00AM
PR Newswire (US)
MINNEAPOLIS, May 19 /PRNewswire-FirstCall/ -- Techne Corporation
(NASDAQ: TECH) today announced that Mr. John L. Higgins has
accepted a position on Techne's Board of Directors and will also
serve as a member of Techne's Audit, Compensation and Nominations
and Governance Committees. Mr. Higgins' initial term will begin
immediately and run through October 29, 2009. Techne's shareholders
reelect Directors on an annual basis. Mr. Higgins has been
President and Chief Executive Officer of Ligand Pharmaceuticals
Incorporated since January 2007 and has been a member of Ligand's
Board of Directors since March 2007. From 1997 until joining
Ligand, Mr. Higgins was with Connetics Corporation, a specialty
pharmaceutical company, as its Chief Financial Officer, and also
served as Executive Vice President, Finance and Administration and
Corporate Development at Connetics from January 2002 until its
acquisition by Stiefel Laboratories, Inc. in December 2006. Mr.
Higgins was previously a member of the executive management team at
BioCryst Pharmaceuticals, Inc., a biopharmaceutical company.
Currently, he is a Director of BioCryst and serves as Chairperson
of its Audit Committee. Before joining BioCryst in 1994, Mr.
Higgins was a member of the healthcare banking team of Dillon, Read
& Co. Inc., an investment banking firm. Mr. Higgins also serves
as Chairman of CoMentis, Inc, a biopharmaceutical company, and has
served as a director of numerous public and private companies. He
graduated Magna Cum Laude with an A.B. from Colgate University. Mr.
Thomas E. Oland, Techne's Chairman and CEO, said, "I am extremely
pleased with Mr. Higgins' decision to accept a position on Techne's
Board. His combination of biopharmaceutical business experience and
background as a chief financial officer and investment banker,
combined with his current responsibilities as a CEO, are all
essential qualifications that will benefit Techne. We are very
fortunate to have a person of his caliber on our Board. I am very
confident that he will make a significant contribution to our
future success." Techne Corporation has two operating subsidiaries:
Research and Diagnostic Systems, Inc. (R&D Systems) of
Minneapolis, Minnesota and R&D Systems Europe, Ltd. (R&D
Europe) of Abingdon, England. R&D Systems is a specialty
manufacturer of biological products. R&D Systems has two
subsidiaries, BiosPacific, Inc. (BiosPacific), located in
Emeryville, California and R&D Systems China Co. Ltd., (R&D
China), located in Shanghai, China. BiosPacific is a worldwide
supplier of biologics to manufacturers of in vitro diagnostic
systems and immunodiagnostic kits. R&D China and R&D Europe
distribute biotechnology products. DATASOURCE: Techne Corporation
CONTACT: Greg Melsen, Chief Financial Officer, or Kathy Backes,
Controller, both of Techne Corporation, +1-612-379-8854
Copyright