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News Coverage - 2006
Calvert Holdings, Inc. Announces Investment in Cure DM, Inc.
Cary, NC - November 2, 2006: Calvert Holdings, Inc. announces the completion of an investment in Cure DM, Inc. of Wynnewood, PA. The company investment is implemented through Calvert Research Institute – a development and investment division of Calvert Holdings. Cure DM fits the profile of Calvert’s latest strategic initiative to invest in and operationally support young biopharmaceutical development companies with large market valuation potential.
"Cure DM is an example of the type of company that will lead the future of medical innovations," said Andy Burch, Vice President, Calvert Research Institute. "We believe that by investing in companies like Cure DM, and by using the drug development expertise of Calvert and its Research Institute partners, we are able to support development of new science initiatives faster and more efficiently. We believe there is a better way to help early stage companies bring their product leads to the market and we are trailblazing that path."
About CureDM
CureDM, Inc., located on the Lankenau Institute for Medical Research campus in Wynnewood, Pennsylvania, has its roots in research conducted at the University of Pennsylvania. The company is developing a novel human peptide which stimulates the differentiation of adult pancreatic progenitor cells to regenerate insulin-producing islet structures providing a potential benefit to type 1 and type 2 diabetic patients. Calvert is currently conducting "proof of efficacy" studies in its Scranton, PA Laboratories. For more information about CureDM, visit www.curedm.com.
About Calvert Holdings
Calvert Holdings is a privately held company consisting of several operating units competing in the healthcare services industry. Formed in 1996, management has focused the growth of the company on providing outsource drug development services to pharmaceutical and biotechnology companies. Through its Calvert Research Institute (www.calvertresearchinstitute.com), the company has a very active program to evaluate early stage product leads for investment and in-licensing. For more information on Calvert Holdings, Inc., visit www.calvertholdings.com.
Contact:
Andy Burch, Calvert Research Institute
919/854.4453
aburch @ calvertinstitute.com
Calvert Café News Coverage
Cary, NC - October 23, 2006: Calvert Café, a Calvert Holdings company, has been featured in the News & Observer (Raleigh, NC). The article entitled, "Coffee Carts are on a Roll" discusses how Calvert Café's unique approach to corporate amenities is catching on.
Calvert Research Institute Welcomes Sara Shen
Cary, NC - October 2, 2006: Calvert Research Institute announces today that it has hired Sara Shen as a business analyst. Sara is originally from Shanghai, China and has recently received her MBA and MS degree in Economics from the University of Central Florida. She also has a degree in Applied Mathematics from Tongji University in Shanghai.
“Calvert Research Institute is actively expanding its pharmaceutical licensing and co-development capabilities. Sara will add to our team by assisting in the research and business analysis of potential investments and markets,” says Andrew Burch, Vice President of Calvert Research Institute.
Calvert Research Institute partners with academic researchers, companies of all sizes, entrepreneurs, and venture funds to manage early-stage biodiscovery projects through the various stages of development and commercialization. For more information about Calvert Research Institute, visit www.calvertresearchinstitute.com.
2005 Calvert Holdings Chairman's Award Winner Announced
Olyphant, PA - January 2006: Daniel Clark, Calvert Laboratories’ Manager of Information Technology was awarded the organization’s 2005 Chairman’s Award at the 2nd Annual Chairman’s Circle Celebration dinner at the French Manor Inn, South Sterling, Pennsylvania on Thursday evening, May 11, 2006. Russ McLauchlan, Calvert’s Chairman and presenter of the award, was joined at this celebration by the company’s past 14 winners of the Chairman’s Award and their guests. Calvert’s Chairman’s Award recognizes excellent individual performance by Calvert employees. This year’s event continued with the tradition of the Chairman’s Circle to annually recognize previous winners and their continued contributions to the organization.
Dan has been a part of the organization for almost 2 years and has played a critical role in the upgrade of Calvert’s information technology resources. His knowledge and dedication in his field has allowed Calvert to stay competitive and provide our clients with excellent results. Dan is a great individual to work with and is well-respected and highly-liked throughout the company for his general attitude. He has been a strong addition to the Calvert Team. Dan and his wife Terri live in Mayfield, Pennsylvania with their three children.
Calvert Laboratories, Inc. provides contract scientific services in the non-clinical arena to the pharmaceutical and biotechnology industries, and is located in Olyphant, Pennsylvania.
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