To: Mighty Mizzou who wrote (58040 ) 12/10/1998 10:26:00 PM From: Kent Rattey Read Replies (2) | Respond to of 61433
BRUCE SACHS NAMED TO VERTEX BOARD OF DIRECTORS CAMBRIDGE, Mass., Dec. 10 /PRNewswire/ -- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) announced today that Mr. Bruce Sachs has been named to the Company's Board of Directors. Mr. Sachs currently leads the Carrier Signaling and Management business unit at Ascend Communications, following Ascend's recent acquisition of Stratus Computer, Inc. Prior to the acquisition, Mr. Sachs served as President and CEO of Stratus, a global fault- tolerant computer solutions company with 2,300 employees. "Bruce Sachs brings a wealth of entrepreneurial and operational experience to Vertex's board," said Dr. Joshua Boger, Chairman, President, and CEO of Vertex. "Bruce has an impressive track record building and leading several highly successful technology companies within a fast-paced, high-growth business environment. Vertex will benefit from Bruce's experience as we navigate multiple innovative research and development programs through to the marketplace." From 1995 to 1997 Mr. Sachs served as Executive Vice President/General Manager of the Internet Telecom Business Group at Bay Networks, managing the $800 million Internet/Telco division and formulating Bay Networks' strategy in the Internet market segment. From 1993 to 1995, Mr. Sachs served as President and Chief Executive Officer at remote access provider Xylogics, Inc., which was acquired by Bay Networks in 1995. Mr. Sachs held various management positions at Xylogics beginning in 1989. He holds a Master's Degree in Business Administration from Northeastern University, a Master's Degree in Electrical Engineering (MEEE) from Cornell University, and a BSEE from Bucknell University. Mr. Sachs, 38, also serves on the board of the Media 100 Corporation. Mr. Sachs joins Dr. Joshua Boger, Dr. Barry Bloom, Dr. Roger Brimblecombe, Mr. Donald Conklin, Mr. William Helman, Dr. Charles Sanders, and Ms. Elaine Ullian on Vertex's Board. Vertex Pharmaceuticals Incorporated is engaged in the discovery, development and commercialization of novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The Company is a leader in the use of structure-based drug design, an approach to drug discovery that integrates advanced biology, biophysics and chemistry. The Company is concentrating on the discovery and development of drugs for the treatment of viral diseases, multidrug resistance in cancer, autoimmune and inflammatory diseases, and neurodegenerative diseases. SOURCE Vertex Pharmaceuticals Incorporated