pSivida Limited Appoints Non-Executive Director To Audit Committee

BOSTON & PERTH, Australia--(BUSINESS WIRE)--Global bio-nanotech company pSivida Limited (NASDAQ:PSDV)(ASX:PSD)(Xetra:PSI) today announced the appointment of Stephen Lake to the Company’s audit committee effective as of September 20, 2006. Mr. Lake has been a member of the Company’s board of directors since July 30, 2004.

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