Wednesday, April 23, 2008

Facility to Expand Pharmaceuticals' Development and Manufacturing Capacity

SurModics Purchases Additional Facility to Expand Brookwood Pharmaceuticals' Development and Manufacturing Capacity

EDEN PRAIRIE, Minn.-- April 23, 2008 --SurModics, Inc. (Nasdaq: SRDX), a leading provider of surface modification and drug delivery technologies to the healthcare industry, announced today that its Brookwood Pharmaceuticals subsidiary, located in Birmingham, Alabama, has acquired an additional facility in the Birmingham area. This new facility will expand Brookwood's capacity for research and development activities and clinical manufacturing in support of customer projects. Additionally, the building will be SurModics' corporate center for commercial GMP manufacturing of drug delivery products for pharmaceutical and biotechnology customers.

"Customer interest in Brookwood Pharmaceuticals' drug delivery technologies and product development and manufacturing capabilities has never been stronger, as evidenced by the record revenue reported from Brookwood in the second quarter of fiscal 2008," said Bruce Barclay, president and CEO of SurModics. "The facility expansion we are announcing today is designed to support this growing interest in both R&D and manufacturing services at Brookwood, and serves to highlight the strength of our business and the optimism we have in its future. In addition, we plan to manufacture the late-stage clinical trial and commercial I-vationT TA Intravitreal Implant product for our customer Merck & Co., Inc. in this facility. With an anticipated total investment of approximately $30 million in the facility and associated renovation, we will be constructing a world-class facility to develop and manufacture drug delivery products to improve patient outcomes around the world."

"Our pharmaceutical and biotechnology customers work with Brookwood specifically because of our drug delivery technology and capabilities, as well as our commitment to manufacture clinical and commercial product on their behalf," noted Arthur J. Tipton, Ph.D., vice president of SurModics and president of Brookwood Pharmaceuticals. "When this expansion is complete, we will be fully equipped to help customers with product development and supply at every stage from early feasibility to production of marketed products. We have been evaluating various facility options over the past year, and have received tremendous support at the city, county and state levels. This particular building was selected because it will accommodate the manufacturing of large-scale pharmaceutical products needed by our customers. If customer projects continue to progress as expected and we maintain our execution against the business plan, Brookwood's employee population could reach roughly 300 over the next three to five years."

"This is great news for Alabama," said Governor of Alabama Bob Riley. "Alabama has been making great strides in the biotech and research industry. We are becoming one of the fastest growing areas in the country for biotech research. Brookwood's decision to expand here will help us to recruit some of the brightest researchers in the country to our state. In addition, Alabama already has in place a dedicated and well-trained workforce. We are pleased to be a part of this exciting new industry."

"We are delighted that Brookwood Pharmaceuticals will expand with a new production facility in our community. This is a great example of cooperation between the city, county and state in efforts to support Brookwood in their expansion," commented Bettye Fine Collins, president, Jefferson County Commission in Birmingham.

"I am excited with Brookwood's expansion in Jefferson County and elated at the cooperation of state, county, and city entities to produce this significant achievement. Brookwood's leading position in the polymer-based drug delivery industry is a definite asset to our community. The new jobs created by Brookwood will broaden the county's employment opportunities in the higher wage technology sector I have long advocated as vital to growth in Jefferson County," said Jim Carns, Jefferson County commissioner and chairman of the Committee of Economic Development in Birmingham.

"With the expansion of Brookwood Pharmaceuticals, the Oxmoor area becomes the city's high-tech corridor," said Larry Langford, mayor of Birmingham. "This gives us a major recruiting tool as we work with the University of Alabama at Birmingham to enhance our pharmaceutical research and manufacturing role. We are very pleased that Brookwood and SurModics chose Birmingham as an expansion site and we look forward to working with them for many years to come."

Brookwood was a subsidiary of Southern Research Institute until the acquisition by SurModics in July 2007. Jack Secrist, CEO of Southern Research said, "We are delighted that Brookwood is undertaking this important expansion. Additional facilities needs were an integral part of our discussions during the transaction and we are pleased to see SurModics making this major investment in our community."

The pre-existing facility, with both office and warehouse space, is located at 750 Lakeshore Parkway in Birmingham and is less than one-half mile from Brookwood's current headquarters. Build-out to support a number of existing programs is planned immediately. Additional expansion, as dictated by business growth over the next several years, will allow for eventual consolidation of all of Brookwood's operations into this facility. When completed, SurModics expects direct support from the state and local governments of several million dollars. In addition, the investments in the facility will qualify the Company for other tax incentives.

About SurModics, Inc.

SurModics, Inc. is a leading provider of surface modification and drug delivery technologies to the healthcare industry. SurModics partners with the world's foremost medical device, pharmaceutical and life science companies to develop and commercialize innovative products that result in improved patient outcomes. Core offerings include: drug delivery technologies (coatings, microparticles, and implants); surface modification coating technologies that impart lubricity, prohealing, and biocompatibility capabilities; and components for in vitro diagnostic test kits and specialized surfaces for cell culture and microarrays. Collaborative efforts include a sustained drug delivery system in human trials for treatment of retinal disease and the drug delivery polymer matrix on the first-to-market drug-eluting coronary stent. SurModics is headquartered in Eden Prairie, Minnesota and its Brookwood Pharmaceuticals subsidiary is located in Birmingham, Alabama. Brookwood is a product-focused drug-delivery company with technologies in long-acting parenteral formulations -- injectable microparticles and injectable solid implants -- for the delivery of peptides, small molecules, proteins, nucleic acids, and other biological macromolecules. For more information about the company, visit www.surmodics.com. The content of SurModics' website is not part of this release or part of any filings the company makes with the SEC.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the following: (1) realizing the full potential benefits of the company's agreement with Merck requires the development of new products and applications of technology; (2) costs or difficulties relating to the integration of Brookwood Pharmaceuticals with SurModics' business may be greater than expected and may adversely affect the company's results of operations and financial condition; (3) difficulties in bringing our facilities into compliance with GMP or other applicable regulatory standards may adversely impact our ability to manufacture and supply products, or perform other services for our customers which may adversely affect the company's business, financial condition, and results of operations; (4) our reliance on third parties, developments in the regulatory environment, as well as market and economic conditions, may adversely affect our business operations and profitability; and (5) other factors identified under "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2007, and updated in our subsequent reports filed with the SEC. These reports are available in the Investors section of our website at www.surmodics.com and at the SEC website at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

Contacts

SurModics, Inc.
Maggie Knack, 952-829-2700
Director, Investor Relations

Tuesday, April 22, 2008

Supply Chain Advantage Suite Offers Low Total Cost of Ownership and Simple Upgrades

HighJump Software Helps Clients Maintain Low Total Cost of Ownership and Simplify Upgrades With Launch of HighJump Supply Chain Advantage Suite 10.0

Newest Release Delivers Continued Innovation in Adaptability and Increased Support for Global Supply Chain Operations


EDEN PRAIRIE, Minn.--April 22, 2008--HighJump Software, a 3M company, a global provider of adaptable supply chain execution solutions, today announced the release of HighJump Supply Chain Advantage suite 10.0. The release combines extended functionality in the HighJump product suite and a high level of adaptability to help clients better manage material flows throughout their operations and expedite upgrades. Expanded internationalization supports increasing supply chain globalization.

"Our clients require extensive functionality and a means to easily manage business processes which change due to regulations, continuous improvement initiatives, or new approaches to manufacturing and distribution models," said Chad Collins, vice president of global strategy, HighJump Software. "HighJump Software's key value proposition is our adaptable architecture and fast upgrades, which considerably drives down our clients' total cost of ownership."

"We're pleased with the enhancements in the release as well as our ability to quickly and easily upgrade our HighJump solution and maintain low total cost of system ownership," said Becky Randelin, systems analyst, maurices, inc. "Because each new release is included in our maintenance agreement, we receive tremendous value from our continued relationship with HighJump Software."

"Most HighJump Software clients are able to perform their own upgrades without requiring a paid consulting engagement," said Steve Banker, service director, Supply Chain Management, ARC Advisory Group. "For those clients that do elect to have a HighJump consultant involved, the services fees are typically around $10,000, a figure significantly below upgrade fees for other leading best-of-breed vendors."

HighJump Supply Chain Advantage 10.0 includes numerous advances across the supply chain suite:

Warehouse Management

The flagship HighJump Warehouse Advantage system now includes a warehouse wizard to support a user-friendly, streamlined approach to warehouse set-up. The system is fully internationalized and includes translations in nine languages, including Japanese. To support optimized outbound fulfillment processes, load and wave planning tools were enhanced and utilize a new Web-based user interface. The 10.0 release also includes a flexible approach for defining and tracking unique inventory attributes without limiting the number of attributes that can be tracked for a given item.

Adaptability Tools

HighJump Software's service-oriented architecture now provides more features that allow clients to optimize and modify supply chain business processes without changing underlying product source code and impacting their ability to perform fast upgrades. HighJump Software's supply chain process modeling tool, Advantage Architect, features broader revision tracking and the addition of an enterprise application repository. This helps HighJump solutions fit within clients' enterprise IT environments. HighJump Software's Web-based, common user interface framework, WebWise, also provides a more user-friendly experience and allows product screens to be run on handheld computers and cell phones.

Billing Management for Logistics Services Providers (LSP)

A new, comprehensive solution for managing and optimizing the billing process, HighJump Billing Management enables providers of logistics services and third-party logistics to support the complex contractual requirements that often exist with their clients. With this product release, billing can be based on material handling transactions, storage capacity utilization, and client-specific billing requirements. The solution gives companies visibility into actual costs with comparisons to what was invoiced to replace the oversimplified practice of spreading client costs evenly across all accounts.

HighJump Billing Management creates a single billing platform for all systems. This is possible by accepting data imports from other applications, such as those for transportation management, time and attendance, and parcel manifesting.

Labor Management

HighJump Software's labor management solution, HighJump Labor Advantage, provides a comprehensive performance management tool to plan and manage the distribution center workforce. In addition to being fully internationalized to support various languages and regions without engineering changes, the latest release includes the ability to forecast and plan for labor within all major fulfillment functions of a facility, such as picking, packing, loading and shipping. These features allow distribution center management to ensure the proper capacity in the workforce and assign employees to the appropriate functional areas.

Warehouse Management for Small and Mid-sized Businesses

HighJump Software recently launched HighJump Warehouse Advantage-45, a warehouse management system targeted at small and mid-sized businesses. The product is designed to be implemented in 45 business days with a well-defined scope of business processes. The solution speeds the setup of data in the warehouse, including an implementation playbook that guides the client through the implementation process and detailed user guides that help clients learn to use the system.

The solution is built upon the same world-class technology as the tier one HighJump Warehouse Advantage solution. This allows companies to support growth by adding more complex warehouse management capabilities as business demands warrant.

Manufacturing Execution

HighJump Manufacturing Advantage, HighJump Software's manufacturing execution system, has been fully internationalized and features translation in Japanese. Additionally, the release includes user interface improvements to the shop floor data entry touch screen to increase the efficiency and accuracy of an operator's data entry. The new version also reduces a company's reliance on paper-based lean inventory methodologies by providing enhanced support for lean manufacturing environments, including electronic kanban integrated with warehouse management.

About HighJump Software, a 3M Company

Forward-thinking companies entrust HighJump Software to power their supply chains. HighJump Software simplifies the art and business of creating, selling and moving products across global networks. Building upon 3M's history of innovation, HighJump Software helps more than 1,300 clients worldwide drive growth and manage change. www.highjump.com

About 3M

A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's core strength is applying its more than 40 distinct technology platforms - often in combination - to a wide array of customer needs. With $24 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 60 countries.

HighJump is a trademark of 3M. Other names and trademarks may be the property of their respective owners.

Contacts

HighJump Software LLC
Cara Strohack, 519-746-3736 ext. 5010
cara.strohack@mmm.com
http://www.3m.com/PressContact
or
LaBreche
Mark Holterhaus, 612-392-7616
mholterhaus@labrechereputations.com

Wednesday, April 02, 2008

Healthcare News Network Adds to Team

The Healthcare News Network Adds to Team

Recent hires in management, creative development, production and sales have the company ready to soar to new heights.

Cape Coral, Florida (PRWEB) December 13, 2007 -- Healthcare News Network (www.healthcarenewsnetwork.com) is expanding their team. Recent hires in management, creative development, production and sales have the company ready to soar to new heights. 

Joann Ellis has been named General Manager and brings with her a diverse background to expand the network. Joann graduated Magna Cum Laude from The Ohio State University with a Masters degree in Quantitative Analysis and Measurement. Joann's background experience includes consulting for Ohio Collaborative, a group specializing in research for state agencies and writing briefs for the Ohio Senate and lobbying groups, as well as Titan Financial Group in Atlanta where she created and facilitated employee training programs and developed models for risk management.

Gregory Bush, Healthcare News Network CFO, is responsible for the
financial reporting and technical infrastructure of the network. Greg brings with him over 20 years of management, financial and systems experience from both private and public companies, including Colorworks, Morgenthau and Bush Industries. A graduate of State University of New York Fredonia, Greg holds a degree in Business Management and Computer Engineering.

Juan Andres Rodriguez, named HNN's Creative Director, is a talented graphic artist and develops the feel of the network. A Cum Laude graduate of Eastern Connecticut State University, Juan has a passion for life, well-being and happiness which translates into the mission of the Healthcare News Network. Juan has worked for such advertising agencies as Leo Burnett and Grupo Z in Mexico and was a part of the launch of Zombra, a below-the-line advertising agency also based out of Mexico. Juan is part owner of Baja Design Studios in Baja California, Mexico, a freelance design studio specializing in the image and promotion of new businesses throughout the area.

Michael Shapiro, VP Director of Programming, is responsible for the content and substance of the network. He is committed to acquiring video material and public service announcements from non-profit organizations to help
promote local and national charities. Mike has a diverse background with nearly 30 years of television experience in news, production, management, producing and videography. He has worked at television stations in South Dakota, Iowa, and cities in Florida including Fort Myers, Tampa and Miami. He is an award-winning producer of spot news, features, documentaries and a national Addy for a PSA. Giving back to the community is important to Mike and he is a member of several advisory boards including The School of Nursing at Florida Gulf Coast University, The Nations Association and the PACE Center for Girls. Mike graduated Summa Cum Laude from Adelphi University.

Shirley Stone, HNN's National Sales Manager, has over 20 years in the New York
advertising industry. She has worked for ad agencies, media departments and started her sales career in magazines - Redbook and Cosmopolitan. In the early 1980's she switched from magazines to the just emerging cable TV industry and was a member of the first MTV sales team. From there she moved on to working for Ted Turner at CNN and then the first New York Director of Sales for The Discovery Channel where she managed a team of account executives and sales support people. Disillusioned with the corporate environment she started a media consulting business and worked on the launch of The Food Network, several Internet companies and By Kids For Kids, a kids innovation company. She holds both a BBA and MBA in marketing, is a graduate of the Communispond Public Speaking Course and is a certified Empowerment Life Coach.

The Healthcare News Network started with less than 10 employees writing, producing, shooting, editing and distributing its programming just one year ago. They now house a team of over 30 employees in three states and will continue to grow along with the success of the nationwide network.

About the Healthcare News Network
The Healthcare News Network, a hospital-exclusive
Out-of Home Media Network, was launched in February of 2007 and is based out of Cape Coral, Florida. HNN is the first of its kind to bring customizable, positive healthcare news to each hospital in its network. Currently, HNN is airing in 34 hospitals across Florida with the expansion to 23 states and over 200 hospitals expected to be complete by 2008.

For more information, visit our website: www.healthcarenewsnetwork.com
Or call our office toll free: 800 446 7575

Contact:
Rachel Tramonte
Healthcare News Network
800 446 7575
239 549 4176
rachel @ healthcarenewsnetwork.com
www.healthcarenewsnetwork.com

Press Contact: Rachel Tramonte
Company Name: Healthcare News Network
Phone: 800-446-7575
Website: www.healthcarenewsnetwork.com