Trinity Biotech Appoints Diabetes Care Veteran as Biosensor Marketing Director
21 August 2024 - 7:00AM
Trinity Biotech plc (Nasdaq: TRIB), a commercial-stage
biotechnology company focused on human diagnostics and diabetes
management solutions, including wearable biosensors, today
announces the appointment of David Ouston as Biosensor Marketing
Director. Mr. Ouston brings a wealth of commercial experience
driving the growth of glucose monitoring devices at large,
established companies across global markets.
John Gillard, President and Chief Executive
Officer of Trinity Biotech, said, “We remain focused on our
innovative, needle-free, reusable continuous glucose monitoring
(CGM) technology as a key long-term growth driver for Trinity
Biotech, and we are delighted to welcome David as a strategic
appointment to our expanding team to help further this mission. His
extensive global leadership experience in promotion and market
access strategies for diabetes management devices and digital
solutions will be a strong asset for Trinity Biotech as we prepare
the roll out of our own CGM in rapidly growing diabetes and
wellness markets.”
Commenting on his appointment, Mr. Ouston said, “I
am thrilled to join Trinity Biotech to help realize its vision for
an accessible and innovative CGM in global markets. Trinity’s
device offers promising and exciting innovation in wearable
biosensor technology and wellness analytics that can benefit more
people globally to improve public health. I’m excited to work with
this impressive team in delivering a truly disruptive and valuable
solution to markets globally.”
Mr. Ouston’s career spans 16 years in the glucose
monitoring and diabetes health sectors, including global and EMEA
regional marketing roles at Johnson & Johnson and LifeScan,
where he led innovations in the OneTouch glucose monitoring
portfolio. Previously, he held marketing positions at private
healthcare provider Bupa, where he supported the promotion of their
global healthcare brand. Mr. Ouston holds a Bachelor of Arts Degree
in Business Administration from Brunel University in the U.K.
Forward-Looking Statements
This release includes statements that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 (the “Reform Act”),
including but not limited to statements related to Trinity
Biotech’s cash position, financial resources and potential for
future growth, market acceptance and penetration of new or planned
product offerings, and future recurring revenues and results of
operations. Trinity Biotech claims the protection of the
safe-harbor for forward-looking statements contained in the Reform
Act. These forward-looking statements are often characterised by
the terms “may,” “believes,” “projects,” “expects,” “anticipates,”
or words of similar import, and do not reflect historical facts.
Specific forward-looking statements contained in this release may
be affected by risks and uncertainties, including, but not limited
to, our ability to capitalize on our purchase of the assets of
Waveform, our continued listing on the Nasdaq Stock Market, our
ability to achieve profitable operations in the future, the impact
of the spread of COVID-19 and its variants, potential excess
inventory levels and inventory imbalances at the company’s
distributors, losses or system failures with respect to Trinity
Biotech’s facilities or manufacturing operations, the effect of
exchange rate fluctuations on international operations,
fluctuations in quarterly operating results, dependence on
suppliers, the market acceptance of Trinity Biotech’s products and
services, the continuing development of its products, required
government approvals, risks associated with manufacturing and
distributing its products on a commercial scale free of defects,
risks related to the introduction of new instruments manufactured
by third parties, risks associated with competing in the human
diagnostic market, risks related to the protection of Trinity
Biotech’s intellectual property or claims of infringement of
intellectual property asserted by third parties and risks related
to condition of the United States economy and other risks detailed
under “Risk Factors” in Trinity Biotech’s annual report on Form
20-F for the fiscal year ended December 31, 2023 and Trinity
Biotech’s other periodic reports filed from time to time with the
United States Securities and Exchange Commission. Forward-looking
statements speak only as of the date the statements were made.
Trinity Biotech does not undertake and specifically disclaims any
obligation to update any forward-looking statements.
About Trinity Biotech
Trinity Biotech is a commercial stage
biotechnology company focused on human diagnostics and diabetes
management solutions, including wearable biosensors. The Company
develops, acquires, manufactures and markets diagnostic systems,
including both reagents and instrumentation, for the point-of-care
and clinical laboratory segments of the diagnostic market and has
recently entered the wearable biosensor industry, with the
acquisition of the biosensor assets of Waveform Technologies Inc.
and intends to develop a range of biosensor devices and related
services, starting with a continuous glucose monitoring product.
Our products are used to detect infectious diseases and to quantify
the level of Haemoglobin A1c and other chemistry parameters in
serum, plasma and whole blood. Trinity Biotech sells direct in the
United States and through a network of international distributors
and strategic partners in over 75 countries worldwide. For further
information, please see the Company's website:
www.trinitybiotech.com.
Contact: |
Trinity Biotech plc |
LifeSci Partners, LLC |
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Gary Keating |
Eric Ribner |
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(353)-1-2769800 |
(1)-646-751-4363 |
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investorrelations@trinitybiotech.com |
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RedChip Companies Inc. |
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Dave Gentry, CEO |
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(1)-407-644-4256 |
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TRIB@redchip.com |
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