Lumera Corporation Forms New Bioscience Subsidiary Plexera Bioscience LLC and Initiates Review of Partnering Opportunities for the Bioscience Business; Names Industry Veteran, Joseph Vallner, Chairman/CEO

BOTHELL, Wash.--(BUSINESS WIRE)--Lumera Corporation (NASDAQ:LMRA), a leader in the emerging field of nanotechnology, today announced that it has formed a wholly owned subsidiary known as Plexera Bioscience LLC. The new subsidiary will serve as the operations unit of Lumera’s bioscience business and will be led by Joseph Vallner, Ph.D., as Chairman and Chief Executive Officer and Tim Londergan, Ph.D., who is the division’s current manager, as President and Chief Operating Officer. Lumera has engaged Robert W. Baird & Co., Inc. to assist the company in evaluating partnering and financing alternatives over the coming months.
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