Exhibit 99.1
Tyme Appoints Accomplished Healthcare Executive Douglas A. Michels to Board of Directors
| • | | Former OraSure Technologies President and CEO and Johnson and Johnson executive to join Tyme board of directors |
| • | | James Biehl appointed as Chief Legal Officer of Tyme; to step down from the board of directors |
NEW YORK, September 18, 2018 (GLOBE NEWSWIRE) – Tyme Technologies, Inc. (NASDAQ:TYME), a clinical-stage biotechnology company developing cancer therapeutics, today announced the appointment of Douglas A. Michels to the Company’s board of directors, effective October 1, 2018.
Mr. Michels, 62, is a pioneer in the adoption of new clinical technologies, as well as a proven executive at both large and small healthcare organizations. Mr. Michels most recently served as President and Chief Executive Officer of OraSure Technologies, Inc. (NASDAQ:OSUR) and a member of the OraSure board of directors from June 2004 to March 2018. During his tenure, OraSure commercialized multiple new products, grew annual sales to over $160 million and a market capitalization of approximately $350 million in 2003 to $1.1 billion at the end of 2017. Mr. Michels led OraSure during the period in which the company developed the nation’s firstFDA-approvedover-the-counter home HIV test and the first and onlyFDA-approved rapid hepatitis C test. Prior to OraSure, Mr. Michels spent 19 years with Johnson and Johnson (NYSE:JNJ) during which time he held several senior positions, including President of Ortho Clinical Diagnostics International and President of Johnson and Johnson Healthcare Systems, both multibillion-dollar revenue businesses.
In February 2010, Mr. Michels was appointed to the Presidential Advisory Council on HIV/AIDS. He previously served on the Board of the National Blood Foundation, the Board of the National Committee for Quality Health Care and the Coalition to Protect America’s Health Care. Mr. Michels is currently a director of West Pharmaceutical Services, Inc., as well as a Trustee for St. Luke’s University Hospital and Health Network and Miller-Keystone Blood Center, both in Bethlehem, Pennsylvania.
Tyme announced today that it has appointed James Biehl as its Chief Legal Officer. Mr. Biehl brings to the Company over 29 years of legal experience in corporate governance, financings and transactions. Mr. Biehl joins Tyme from the law firm of Drinker Biddle & Reath LLP in Princeton, NJ, where Mr. Biehl was a partner working in the Corporate and Securities group and with the firm since 1989. His industry experience includes representing big pharma, healthcare systems, healthcare consulting firms, consumer products companies, and medical device companies. In conjunction with his appointment to this new position, Mr. Biehl will be stepping down as a member of the Tyme board of directors, effective September 30, 2018.