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News From Battelle Subsidiaries

July 13, 2001
RONALD NORDMANN NAMED TO BATTELLE PULMONARY THERAPEUTICS BOARD OF DIRECTORS

A health care industry finance veteran, Ronald M. Nordmann, has joined the board of directors for Battelle Pulmonary Therapeutics, Inc., (BPT) the company announced today.

Nordmann currently is co-president for Global Health Associates, LLC, and provides consulting to the pharmaceutical and financial services industries. In addition he serves on the boards of directors for Shire Pharmaceuticals Group, plc; Guilford Pharmaceuticals, Inc.; Boron, LePore & Associates, Inc.; Salu, Inc.; and BioCentive, Ltd.

Nordmann also serves as Trustee and sits on the advisory council for Johns Hopkins University and assists with commercializing medical and technology products and services. Previously, Nordmann worked in health care analyst and portfolio management positions for Deerfield Management, PaineWebber, Inc. and Oppenheimer & Co.

"Ron brings a wealth of experience to our young specialty pharmaceutical company based on his years of working in health care financing and investing," said Douglas E. Olesen, BPT Board Chairman. "His background is particularly vital to BPT in our preparations to execute a successful IPO."

"I am extremely impressed with both the people and the technology at BPT," Nordmann said. "I look forward to assisting in the growth and progress of one of our industry's most promising young specialty pharmaceutical companies."

BPT is a specialty pharmaceutical company developing and commercializing novel inhaled drug therapies using its proprietary Mystic™ inhalation delivery system. BPT is focused on developing pulmonary drug products that provide non-invasive treatment for respiratory diseases such as lung cancer, asthma, COPD, and a variety of systemic diseases. In addition to developing its own products, BPT has disclosed research and development agreements with Pfizer, Abbott Laboratories, SensorMedics and ViroPharma.

For more information, contact Mike Placke, VP for Business Development, at (614) 340-2360 or by e-mail at placke@bpt-inc.com.




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