(801) 566-1200
Salt Lake City,
Utah -
Utah Medical Products, Inc. (Nasdaq: UTMD)
announces that its board of directors has elected James H. Beeson, PhD, MBA,
MD, FACOG to fill the vacancy on its board of directors for the unexpired
term of Dr. Stephen W. Bennett, MD, Dr.P.H. Dr. Beeson will serve as a
member of the audit committee as one of three independent directors on the
board.
Dr. Beeson is presently Professor and Chairman of The University of Oklahoma
College of Medicine, Tulsa, Department of Obstetrics and Gynecology. His
extensive academic credentials include a B.S. degree in Chemistry from
Indiana University, a Ph.D. degree in Organic Chemistry from M.I.T., an MBA
from Michigan State University, and an M.D. from the University of Chicago
Pritzker School of Medicine. Dr. Beeson served his four year residency in
Ob/Gyn at Chicago Lying-In Hospital, and has actively practiced Obstetrics
and Gynecology for over 30 years. He has been involved in the care of
pregnancies and births of thousands of patients. For a period of time in the
early 1980s, he served on the faculty of the University of Utah’s Division
of Maternal Fetal Medicine. Currently licensed to practice medicine in the
states of Utah and Oklahoma, Dr. Beeson has been the recipient of many
honors and awards, and has published numerous articles and other technical
papers.
According to CEO Kevin Cornwell, “We are very pleased and feel privileged
that Dr. Beeson has agreed to serve on UTMD’s board of directors. His
credentials are impressive. Dr. Beeson’s involvement will provide a valuable
clinical perspective for continuing to achieve UTMD’s strategic objective to
design, develop and market innovative medical devices that significantly
improve health outcomes and reduce risk, particularly in critical care
applications for mothers and their babies.”
The appointment of Dr. Beeson will satisfy the Nasdaq Continued Listing
Standard as set forth in Marketplace Rule 4350, and provide a cure for the
Staff Deficiency Letter that UTMD received following the resignation of Dr.
Bennett from the board of directors in July 2006.
Utah Medical Products, Inc., with particular interest in health care for
women and their babies, develops, manufactures, assembles and markets a
broad range of disposable and reusable specialty medical devices designed
for better health outcomes for patients and their care-providers. For more
information about Utah Medical Products, Inc., visit UTMD's website at
www.utahmed.com.
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