Newtown, Pa., USA - January 29, 2010, Newtown, Pa., USA - Patient Safety Technologies, Inc. announced the appointment of Eugene A. Bauer, MD and William M. Hitchcock to its board of directors.
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Dr. Bauer is President & Chief Medical Officer and immediate past member (2006-2009) of the Board of Directors of Peplin, Inc., a dermatology company that was, until recently, traded on the ASX in Australia. In 2009, Peplin was acquired by LEO Pharma of Denmark and is now privately held. From 2004 to 2008, Dr. Bauer was Chief Executive Officer and board member of Neosil Inc., a privately held biotechnology company that was acquired by Peplin in 2008.
Dr. Bauer currently serves on the Board of Medgenics, and from 2004-2008, served as a Director of Modigene. From 2002 to 2004, Dr. Bauer was a Senior Client Partner with Korn/Ferry International. Dr. Bauer served as Vice President for the Stanford University Medical Center from 1997 to 2001, and as Dean of the Stanford University School of Medicine from 1995 through 2001. Dr. Bauer was a founder of Connetics Corp. and served as an Emeritus Director of Connetics until its sale to Stiefel Laboratories in 2006.
Since 1988, he has been Professor, Department of Dermatology, Stanford University School of Medicine, and was Chief of the Dermatology Service at Stanford University Hospital from 1988 to 1995. From 1982 to 1988, he was a professor at Washington University School of Medicine. Dr. Bauer has served as Chairman of two National Institutes of Health study sections of the National Institute of Arthritis and Musculoskeletal and Skin Diseases and has served on a board of scientific counselors for the National Cancer Institute.
Dr. Bauer is a former director of several professional societies, including the American Dermatological Association and the Society of Investigative Dermatology, both non-profit organizations. Dr. Bauer holds B.S. and M.D. degrees from Northwestern University.
Mr. Hitchcock is President of Pembroke Capital LLC, a private investment partnership. He was a co-founder of Plains Resources Inc. and Chairman from 1981 through 1992. Mr. Hitchcock remained on the Plains Resources board until 2004.
Mr. Hitchcock has served on a number of public company boards, including Thoratec Corporation, Maxx Petroleum, International Colin Energy, and Oshman's Inc. Mr. Hitchcock currently serves on a number of private company boards. Earlier in his career, he worked for Lazard Bros. in London, and Delafield & Delafield and Lehman Bros. in New York City. ■