Contact Information: Contact: John Rice 513-723-2616
Triathlon Medical Ventures Names New Venture Partner
Mark Collar, Former Procter & Gamble President, Joins the Triathlon Team
| Source: Triathlon Medical Ventures, Inc.
CINCINNATI, OH--(Marketwire - June 19, 2008) - Triathlon Medical Ventures Inc., a
Midwest-based venture capital firm that invests exclusively in the life
sciences, today announced that Mark Collar has joined the group as a
venture partner. Collar, who retired last year as president of Procter &
Gamble's Global Pharmaceuticals and Personal Health division, brings 15
years of pharmaceutical expertise, relationships and market insight to Triathlon.
"We are extremely pleased to have Mark join us at Triathlon," said John
Rice, co-founder and a managing partner at Triathlon. "His broad-spectrum
knowledge of the pharmaceutical business -- from discovery and development
through launch and sales -- strengthens the diversity of our existing
expertise in medical devices and biotechnology."
Rice continued, "Mark brings strategic thinking, analytical ability and a
realm of new relationships that we can call upon for the benefit of our
fund and our portfolio companies. Having Mark on board gives us more
capacity to look at more deals. This is great news for our management team
and great news for Triathlon's investors."
Collar, 55, began his career at Procter & Gamble in 1975 as a sales
representative, and progressed through a number of divisions with
increasing responsibility. He moved to the Pharmaceuticals division in
1994, becoming president of Global Pharmaceuticals in 2002 and assuming the
additional responsibility for the Global Personal Health business in 2005.
Highly regarded for his industry expertise, Collar serves on a number of
national, regional, state and local boards. He was recently named to the
board of directors of Ohio-based AtriCure, Inc, a publicly traded medical
device company. He was appointed by the governor and currently is chairman
of the Third Frontier Advisory Board, which provides direction for Ohio's
$1.6 billion economic development investment fund. Collar was also
appointed by the U.S. Secretary of Health and Human Services to advise the
director of the Centers for Disease Control and Prevention. In addition, he
is vice chairman of BioOhio, Inc., former board member of PhRMA, and he
serves on the research committee of the board of trustees for Cincinnati
Children's Hospital. A native of Wisconsin, Collar currently resides with
his family in Cincinnati.
About Triathlon Medical Ventures Inc.
Triathlon Medical Ventures provides equity capital to early- and
expansion-stage companies with proprietary biomedical technology platforms
or products addressing significant human healthcare needs. The firm is
geographically focused on early-stage opportunities in the Midwest but also
invests in later-stage companies nationwide. Triathlon is headquartered in
Cincinnati, with offices and partners in Indianapolis, Louisville and St.
Louis. For more information, visit http://www.tmvp.com/.