After arch HUMIRA sales and business to actualize a blockbuster drug, Abbott Laboratories/AbbVie controlling to accompany Cologuard team
MADISON, Wis., March 20, 2018 /PRNewswire/ — Exact Sciences Corp. (EXAS), the aggregation that developed and commercialized Cologuard®, the alone FDA-approved, noninvasive stool DNA-based ysis for aboriginal apprehension of colorectal cancer, today appear that Mark Stenhouse has been appointed to the new role of president, Cologuard. Stenhouse, carnality president, U.S. Immunology at AbbVie, will accept this new position on April 2, 2018.
Exact Sciences Corporation Logo (PRNewsfoto/EXACT SCIENCES CORP)
“More than 85 actor bodies are acceptable to be buried with Cologuard, and Mark brings the acquaintance and affection to advice us adeptness added into this astronomic population,” said Kevin Conroy, administrator and CEO of Exact Sciences. “Mark’s clue almanac ablution and allegorical a artefact to blockbuster status, and his acquaintance aural the acreage of gastrointestinal diseases, makes him the ideal baton to amplify our aboriginal success afterwards ablution Cologuard.”
At Abbott Laboratories/AbbVie, Stenhouse leads the sales and business teams for one of the best acknowledged biologic products, the anti-inflammatory biologic HUMIRA®. The top-selling biologic in the United States for the fifth beeline year, it generated $18.4 billion in common net acquirement and accounted for 65 percent of AbbVie’s absolute net acquirement in 2017.
“The adventure of Exact Sciences and the science powering Cologuard are abundantly compelling, which is why I’m agog about accepting this opportunity,” Stenhouse said. “There’s annihilation added important to me than arch a aggregation of acute bodies who appoint collaboratively and angular in to their mission. I appearance this as an befalling to booty a awful avant-garde screening ysis that fills an unmet healthcare need, and which has already undergone the best acknowledged barrage of any ytic artefact in history, to the aing level. Exact Sciences absolutely captures it all – the accomplished affection science, committed people, and the bulk its articles offer.”
Stenhouse spent about 30 years at Abbott Laboratories/AbbVie, area he was aboriginal assassin for a acreage sales position. He steadily formed his way through artefact administering and sales administering to become civic sales administrator in the U.S. Immunology-Gastroenterology franchise. From there, he rose to business director, followed by chief administrator of bartering initiatives. In 2010, Stenhouse was appointed a accepted administrator aural the aggregation afore actuality answer to carnality president. He becoming a Bachelor of Science in business administering from College of Charleston.
About CologuardCologuard was accustomed by the FDA in August 2014 and after-effects from Exact Sciences’ -to-be 90-site, point-in-time, 10,000-patient cardinal balloon were appear in the New England Journal of Medicine in March 2014. Cologuard is included in the American Blight Society’s (2014) colorectal blight screening guidelines and the recommendations of the U.S. Preventive Casework Task Force (2016) and Civic Comprehensive Blight Network (2016). Cologuard is adumbrated to awning adults of either sex, 50 years or older, who are at boilerplate accident for colorectal cancer. Cologuard is not for anybody and is not a backup for ytic colonoscopy or surveillance colonoscopy in high-risk individuals. Apocryphal positives and apocryphal negatives do occur. Any absolute ysis aftereffect should be followed by a ytic colonoscopy. Following a abrogating result, patients should abide accommodating in a screening affairs at an breach and with a adjustment adapted for the alone patient. Cologuard achievement back acclimated for echo testing has not been evaluated or established. For added advice about Cologuard, appointment www.cologuardtest.com. Rx Only.
About Exact Sciences Corp.Exact Sciences Corp. is a atomic affection aggregation focused on the aboriginal apprehension and blockage of the deadliest forms of cancer. The aggregation has absolute bookish acreage attention its non-invasive, atomic screening technology for the apprehension of colorectal cancer. For added information, amuse appointment the company’s website at www.exactsciences.com, follow Exact Sciences on Twitter @ExactSciences or find Exact Sciences on Facebook.
Safe Harbor StatementThis account absolution contains advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are advised to be covered by the “safe harbor” created by those sections. Advanced statements, which are based on assertive assumptions and call our approaching plans, strategies and expectations, can about be articular by the use of advanced agreement such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate” or added commensurable terms. All statements added than statements of absolute facts included in this account absolution apropos our strategies, prospects, banking condition, operations, costs, affairs and objectives are advanced statements. Examples of advanced statements include, amid others, statements we accomplish apropos accepted approaching operating results, advancing after-effects of our sales and business efforts, expectations apropos payer agreement and the advancing after-effects of our artefact development efforts. Advanced statements are neither absolute facts nor assurances of approaching performance. Instead, they are based alone on our accepted beliefs, expectations and assumptions apropos the approaching of our business, approaching affairs and strategies, projections, advancing contest and trends, the abridgement and added approaching conditions. Because advanced statements chronicle to the future, they are accountable to inherent uncertainties, risks and changes in affairs that are difficult to adumbrate and abounding of which are alfresco of our control. Our absolute after-effects and banking action may alter materially from those adumbrated in the advanced statements. Therefore, you should not await on any of these advanced statements. Important factors that could account our absolute after-effects and banking action to alter materially from those adumbrated in the advanced statements include, amid others, the following: our adeptness to auspiciously and profitably bazaar our articles and services; the accepting of our articles and casework by patients and healthcare providers; our adeptness to accommodated appeal for our articles and services; the alertness of bloom allowance companies and added payers to awning Cologuard and abundantly balance us for our achievement of the Cologuard test; the bulk and attributes of antagonism from added blight screening and ytic articles and services; the furnishings of the adoption, modification or aition of any healthcare ameliorate law, rule, order, estimation or policy; the furnishings of changes in pricing, advantage and agreement for our articles and services, including after limitation as a aftereffect of the Attention Access to Medicare Act of 2014; recommendations, guidelines and affection metrics issued by assorted organizations such as the U.S. Preventive Casework Task Force, the American Blight Society, and the Civic Committee for Affection Assurance apropos blight screening or our articles and services; our adeptness to auspiciously advance new articles and services; our success establishing and advancement collaborative, licensing and supplier arrangements; our adeptness to advance authoritative approvals and accede with applicative regulations; and the added risks and uncertainties declared in the Accident Factors and in Management’s Discussion and Analysis of Banking Action and After-effects of Operations sections of our best afresh filed Annual Report on Form 10-K and our after filed Quarterly Reports on Form 10-Q. We undertake no obligation to about amend any advanced statement, whether accounting or oral, that may be fabricated from time to time, whether as a aftereffect of new information, approaching developments or otherwise.
Exact Sciences CorpContact: J.P. Fielder 1 [email protected]
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