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Financings In Brief

This article was originally published in The Gray Sheet

Executive Summary

Adiana: Non-incisional, permanent contraceptive manufacturer will use the proceeds from a $23 mil. Series D financing to complete its pivotal clinical trial, obtain PMA approval and prepare for market launch. The funding was led by Tullis-Dickerson & Co., with OrbiMed Advisors LLC joining as a new investor. Both venture capital firms will be represented on the firm's board of directors, according to Adiana. The company expects to pursue a PMA for the device in early 2006, after completing a 600-patient, 16-site clinical trial. Once approved, Adiana will compete with Conceptus' Essure non-incisional permanent birth-control device(1"The Gray Sheet" Dec. 6, 2004, p. 24)...

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People In Brief

New faces at Baxter: Karenann Terrell will assume the role of chief information officer April 10, replacing John Moon, who held the position for six years but left to pursue other opportunities, according to the firm. Terrell joins Baxter from a six-year stint with DaimlerChrysler. Baxter also will be joined by new VP-Human Resources Jeanne Mason on May 15, filling the vacancy created last fall when Karen May left for Kraft Foods. Mason spent 18 years at General Electric, most recently at GE Insurance Solutions. Cheryl White became Baxter's permanent VP-quality March 29. She has filled the role on an interim basis since Lawrence Gibbons left the company in November (1"The Gray Sheet" Nov. 28, 2005, p. 11)...

People In Brief

New faces at Baxter: Karenann Terrell will assume the role of chief information officer April 10, replacing John Moon, who held the position for six years but left to pursue other opportunities, according to the firm. Terrell joins Baxter from a six-year stint with DaimlerChrysler. Baxter also will be joined by new VP-Human Resources Jeanne Mason on May 15, filling the vacancy created last fall when Karen May left for Kraft Foods. Mason spent 18 years at General Electric, most recently at GE Insurance Solutions. Cheryl White became Baxter's permanent VP-quality March 29. She has filled the role on an interim basis since Lawrence Gibbons left the company in November (1"The Gray Sheet" Nov. 28, 2005, p. 11)...

People In Brief

Edwards Lifesciences shuffle: Corinne Lyle moves from her role as CFO and treasurer into the newly created position of president-global operations, effective Jan. 1. Lyle joined Edwards in 2003 from pharmaceutical company Tularik, where she was CFO. She is succeeded at Edwards by Thomas Abate, who leaves his position as VP and controller. Abate joined Baxter in 1982; he played a key role in Edwards' spin-off from the firm, where he was controller of the cardiovascular group, in 2000...

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