Tethys Bioscience Leader, Mike Richey, Joins ABL Organization

Santa Ana, CA — December 1, 2009 — Mike Richey, President of Tethys Bioscience, has joined the Adaptive Business Leaders Organization (ABL). As part of California’s leading vertical-industry Chief Executives’ Organization, ABL Members provide one another with executive leadership coaching through its confidential, professionally-facilitated, peer-CEO Advisory Board Round Tables, executive learning workshops, network of CEO peers, and expert resources.

Tethys Bioscience is dedicated to the discovery, development and commercialization of novel biological markers -- biomarkers -- that provide a practical tool to address the growing global challenge of chronic metabolic diseases, such as diabetes.

Founded in 2005, privately held Tethys Bioscience integrates an experienced management team, innovative research based on sound science, a CLIA-certified clinical laboratory, and a commercialization team with extensive experience in diagnostic innovation. Its PreDx Diabetes Risk Score is the company's lead commercial product, which is helping physicians to predict and prevent type 2 diabetes.

Prior to joining Tethys, Mike operated a consulting practice focused on portfolio strategy and value creation for numerous biotech and diagnostic companies. Before that, he worked for Chiron, beginning in 1990, as VP for the Diagnostics Division, with responsibility for worldwide sales, marketing and market development for the company's novel HCV and HIV viral load tests. Many elements of the business model now employed by Tethys were pioneered by Mike during his tenure at Chiron. Earlier, he worked for Abbott Laboratories, initially in Research and Development for the Diagnostics Division and, over the next 12 years, in project management, and sales and marketing management roles. Still earlier, he worked as a clinical microbiologist in a university hospital lab.

Mike earned his BS degree in Laboratory Technology at the University of Oklahoma.

"Mike's experience and innovative perspective will be a great asset to the Membership," said Mimi Grant, President of ABL Organization.

About the Adaptive Business Leaders (ABL) Organization
ABL supports the needs of its Member CEOs by providing a place for top-level executives to draw on the experience, knowledge and skill sets of their peers in a vertical industry, personal advisory board – “multi-coach approach” – setting.

The core component of the CEO Membership experience is the group Round Table meeting. Members meet once a month for a half-day with a group of peer CEOs, Presidents, COOs and Division General Managers from non-competing companies, all from the same industry (healthcare, technology or life sciences), in a trusted and confidential board room-like setting, which allows ABL Members to tackle topics and enhance their decision making and business performance. Topics include: developing and honing new business strategies and best practices, new lines of business, “A-players” on the management team, and an effective board of directors, as well as understanding trends in new markets, mergers and acquisitions, compensation, and other “hot” topics brought to the Round Tables by the Members themselves.

ABL Members also gather several times a year at workshops and conferences to exchange ideas and connect with other chief executives beyond their own CEO peer groups. In effect, ABL Members serve as one another’s business coaches within the Round Tables and are encouraged to connect and leverage their co-Member peers’ particular skills and expertise for additional leadership coaching, one-on-one, outside of their monthly group meeting. In addition, each Round Table’s facilitator also serves as an objective business advisor, offering executive and industry insights and advice.

 ABL's Chief Executive Leadership Development Round Table program is currently offered in California's Greater Los Angeles, Orange and San Francisco County areas. More information about the ABL Organization can be found at http://www.abl.org .