Promosome Strengthens Board of Managers

"We are pleased to welcome Ed and Loren to our Board. Their extensive experience in biotherapeutic business development and finance will be an asset to our Board and beneficial to the company's future growth," said William J. Gedale, Chairman of the Promosome Board of Managers.

Mr. Robinson brings to Promosome nearly 30 years in life sciences experience and a strong background in contract manufacturing for bio-therapeutics and industrial enzymes. During his distinguished career, he has been President of Lonza Biologics, Inc., President of Solutia's Pharmaceutical Services Division, Executive Vice President of Pharma and Biopharmaceuticals for Cambrex Corporation, as well as Vice President of Asia Pacific for Genencor International. In addition, as an independent advisor or non-executive board director, Mr. Robinson has worked with life science and investment companies in the US and Europe in the areas of business development, strategy and corporate development. Mr. Robinson holds a bachelor's degree from Clarkson University and an MBA from the Rochester Institute of Technology. He also attended the Executive Management Program at Pennsylvania State University.

Ms. Busby has over 20 years of experience in the venture capital industry and currently provides financial and advisory services to fund managers and small businesses under the moniker Cresco Advisors LLC. She was previously a Partner at NGN Capital, a $400 million healthcare-focused venture fund, and before that was with Walden Capital Partners, LP where she sourced and managed several small- to mid-size investments in the manufacturing, distribution and technology sectors. Ms. Busby earned a B.S. from Central Connecticut State University and an MBA from Columbia University where she was a McCain Scholar. She is a member of the New York Society of Security Analysts, where she served as Chairman and Vice-Chairman of its Alternative Investments Committee. She is a Chartered Financial Analyst.