Radius Appoints Nick Harvey Senior Vice President And Chief Financial Officer

CAMBRIDGE, Mass., Jan. 2 /PRNewswire/ -- Radius announced today the appointment of Nick Harvey to the position of Senior Vice President and Chief Financial Officer.

Mr. Harvey has more than 15 years of experience in building and financing life sciences and technology businesses. Mr. Harvey was most recently Managing Director at Shiprock Capital LLC, a venture capital firm, where he managed investment and development of early and expansion-stage companies and remains a member of the Board of that firm. Prior to that, Mr. Harvey held various senior financial management positions with a number of venture-backed companies, including LifetecNet, Transfusion Technologies, Transcend Therapeutics, and Computer Power Group. His achievements include management of the successful sale of Transfusion Technologies to Haemonetics in 2000 for $50 million and oversight of Transcend Therapeutics' initial public offering on the NASDAQ stock exchange in 1997.

"Nick Harvey brings Radius the financial and business experience that will help us move Radius to the next level," said C. Richard Lyttle, PhD, President and Chief Executive Officer of Radius. "His proven leadership in raising capital and strategic financial management will help us achieve our goal of developing our expanding pipeline of new drugs for osteoporosis, symptoms of menopause, and frailty associated with aging."

Mr. Harvey holds an MBA from Harvard Business School, and he earned both a law degree and an undergraduate degree in Economics from the Australian National University.

About Radius (http://www.radiuspharm.com)

Radius is a privately held company that is a leader in the discovery and development of a new generation of drug therapies for osteoporosis and women's health. The company raised $24 million in its first institutional financing in November, 2003. Investors include HealthCare Ventures, MPM Capital, and Oxford Bioscience Partners. Radius is located in Cambridge, Massachusetts. Contact: Bart Henderson Chief Business Officer (617) 551-4702 bhenderson@radiuspharm.com

SOURCE Radius Health Inc.

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