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ARBORETUM VENTURES NEWS
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Arboretum Adds Guidant Founder and Retired CEO Dollens to Advisory Group
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Arboretum is pleased to announce the addition of
Ronald W. Dollens to its Technical Advisory Board for
Arboretum Ventures II. Ron is the retired President
and Chief Executive Officer of Guidant Corporation, a
Fortune 500 company acquired by Boston Scientific in
2006 for $27 billion. Prior to his post at Guidant, Ron
was President of the Medical Devices and
Diagnostics Division of Eli, Lilly & Company, which
spun off Guidant in 1994. He is currently the non-
executive Chairman of the Board for Kinetic Concepts
Inc. and a Director of ABIOMED Corporation. Ron
received his B.S. in Pharmacy and Pharmacal
Sciences from Purdue University and an MBA from
Indiana University.
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Arboretum Invests in VasoNova, Inc. and Accuri Cytometers, Inc.
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VasoNova, Inc. In March 2007,
Arboretum participated in a $2.4 million Series A
investment in VasoNova, Inc. The Company is
developing a novel peripherally inserted central
catheter (PICC) device to enable easier, more
accurate catheter placement in patients requiring long-
term vascular access. PICCs are used primarily to
deliver antibiotics, chemotherapy, and nutrition
regimens. VasoNova is headquartered in Palo Alto,
CA at Coronis Medical Ventures. Coronis is a medical
device accelerator that provides both financing and
management expertise to start-up companies. As part
of the financing, Jan Garfinkle joined the Company's
Board of Directors.
Accuri Cytometers,
Inc. In April 2007,
Arboretum co-led the $5 million Series B investment
in Accuri Cytometers, Inc., the first investment out of
Arboretum's second fund. Based in Ann Arbor,
Michigan, Accuri is a life sciences company
developing revolutionary bench top flow cytometer
systems, based on technology developed at the
University of Michigan. The Company intends to use
the Series B proceeds for the ongoing testing and
upcoming commercial launch of the Accuri C6 Flow
Cytometer™ System. Tim Petersen of Arboretum
and Pete Shagory of Baird Venture Partners joined the
company's Board of Directors as part of the financing.
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Arboretum Promotes Marshall and McCreadie
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Arboretum is pleased to announce the promotion of
two staff members, Marcy Marshall and Paul
McCreadie. Marcy, who joined Arboretum in 2004, has
been promoted to Vice President of Finance, where
she will continue to oversee the financial affairs of the
firm in an expanded capacity. Paul, who joined
Arboretum in 2006, has been promoted from
Associate to Senior Associate. He will continue to
work with Arboretum's Managing Directors in
conducting due diligence and working with portfolio
companies. Both Marshall and McCreadie have
undergraduate and graduate degrees from the
University of Michigan.
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