Full Press Release Details
| FOR MORE INFORMATION: | Company Contact: |
| Jill Blumhoff | |
| Chief Financial Officer & | |
| Vice President of Finance | |
| Phone: 765.497.8381 | |
| jblumhoff@BASinc.com |
James Bourdage to Retire as
BASi VP of Bioanalytical Operations;
Michael Baim Named as Successor
WEST LAFAYETTE, IN, April 30, 2018 - Bioanalytical
Systems, Inc. (NASDAQ:BASI) ("BASi" or the "Company") today announced that James Bourdage, Ph.D., Vice
President of Bioanalytical Operations, will retire as of May 4, 2018. Michael Baim, Ph.D., will assume the role of Vice President
of Bioanalytical Operations effective May 7, 2018.
Before joining BASi nearly four years ago, Dr. Bourdage enjoyed
a long and esteemed career in the pharmaceutical industry. Having received his Ph.D. in immunochemistry from the University of
Illinois, he served in leadership positions at Covance, PharmAthene, Eli Lilly, and Pharmacia/Upjohn. In addition to authoring
numerous scientific papers, Dr. Bourdage is a member of the American Society of Clinical Pathologists and the American Association
of Pharmaceutical Scientists.
"We are grateful for Jim's leadership, vision and
commitment to BASi's growth and success during his time with us," said Philip Downing, Senior Vice President of Preclinical
Services at BASi. "His dedication to the BASi team, and to the clients we serve, is his legacy. We extend our best wishes
to Jim and his family as he begins the next chapter in his life."
Dr. Michael Baim is an energetic and passionate leader who brings
to BASi over thirty years of experience in the pharmaceutical and lab management industries. He is well-versed in analytical methodology
and project design and has a proven track record of delivering significant and sustainable profitable growth across many different
Dr. Baim received his B.A. degree in chemistry from Whitman
College in Washington State. He then studied analytical chemistry as an American Chemical Society Analytical Research Fellow at
Washington State University, where he earned his Ph.D. degree. He is currently working towards his MBA in marketing management.
Dr. Baim began his career at The Procter & Gamble Company
in 1984, and has since held several leadership, management and technical positions at other prominent companies including Novartis
and Bristol-Myers Squibb/Mead Johnson. Most recently, he served as an analytical laboratory director, designing a new analytical
chemistry lab and revitalizing chemistry operations by adding new technologies and staff to optimize technical guidance and improve
customer service. These efforts resulted in a sustained, double-digit growth rate for the company.
Jill Blumhoff, Chief Financial Officer at BASi, commented, "We
are thrilled to welcome Dr. Baim to the BASi family and we are confident that his vast experience, reputation for being a thoughtful
leader and mentor, and career-long focus on delivering performance to reach critical corporate goals, will be a tremendous asset
to our leadership team and our company. His expertise and vision align perfectly with our company's goal to enhance and expand
our bioanalytical and in-vitro bioequivalence capabilities and deliver the quality services and solutions our customers need and
About Bioanalytical Systems,
BASi is a pharmaceutical development
company providing contract research services and monitoring instruments to the world's leading drug development companies and medical
research organizations. The Company focuses on developing innovative services and products that increase efficiency and reduce
the cost of taking a new drug to market. Visit www.BASinc.com for more information about BASi.
This release may contain forward-looking
statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to changes
in the market and demand for our products and services, the development, marketing and sales of products and services, changes
in technology, industry standards and regulatory standards, and various market and operating risks detailed in the company's filings
with the Securities and Exchange Commission.