MADISON, Wis., June 3, 2016 /PRNewswire/ -- Exact Sciences Corp. (Nasdaq: EXAS) today announced that
Jeff Elliott, a former senior research analyst who covered the diagnostic and lab industries, will
join the company as vice president, business development and strategy, effective June 20, 2016.
In his new role, Mr. Elliott will oversee the identification and pursuit of strategic business opportunities, while also
helping drive Cologuard's continued success.
"As momentum increases for Cologuard ordering and commercial insurance coverage, Jeff's knowledge of our industry will help
shape Exact Sciences' continued growth," said Kevin Conroy, chairman and CEO of Exact
Sciences. "He is a respected expert in the industry who brings a unique understanding of the factors that will drive the
company's long-term success."
Mr. Elliott's experience includes nearly nine years at Robert W. Baird & Co., most recently as a senior research analyst
who covered diagnostics and life science tools companies. Earlier in his career, Mr. Elliott worked in a supply chain role
for Walgreens and as a consultant at Cap Gemini Ernst & Young. He earned a Bachelor of Science in Business
Administration from the University of Illinois at Urbana-Champaign and a Master of Business
Administration from the University of Chicago Booth School of Business. Mr. Elliott is a CFA
charterholder.
Mr. Elliott will report to Mr. Conroy.
About Cologuard.
Cologuard was approved by the FDA in August 2014 and results from Exact
Sciences' prospective 90-site, point-in-time, 10,000-patient pivotal trial were published in the New England Journal of
Medicine in March 2014. Cologuard is included in the colorectal cancer screening guidelines of the American Cancer
Society and stool DNA is listed in the screening guidelines of the U.S. Multi-Society Task Force on Colorectal Cancer.
Cologuard is indicated to screen adults of either sex, 50 years or older, who are at average risk for colorectal cancer.
Cologuard is not for everyone and is not a replacement for diagnostic colonoscopy or surveillance colonoscopy in high-risk
individuals. False positives and false negatives do occur. Any positive test result should be followed by a diagnostic
colonoscopy. Following a negative result, patients should continue participating in a screening program at an interval and with a
method appropriate for the individual patient. Cologuard performance when used for repeat testing has not been evaluated or
established. For more information about Cologuard, visit www.CologuardTest.com. Rx Only.
About Exact Sciences Corp.
Exact Sciences Corp. is a molecular diagnostics company focused on the early detection and prevention of the
deadliest forms of cancer. The company has exclusive intellectual property protecting its non-invasive, molecular screening
technology for the detection of colorectal cancer. For more information, please follow us on Twitter @ExactSciences or find us on Facebook.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the "safe
harbor" created by those sections. Forward-looking statements can generally be identified by the use of forward-looking terms
such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other
comparable terms. All statements other than statements of historical facts included in this news release regarding our
strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we make regarding potential agreements with Anthem affiliates beyond
those that are already in effect, anticipated future sales and marketing activities targeted toward Anthem members, expected
future operating results, anticipated results of our sales and marketing efforts, expectations concerning payor reimbursement and
the anticipated results of our product development efforts. Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and
financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely
on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to
differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to
successfully and profitably market our products and services; the acceptance of our products and services by patients and health
care providers; the willingness of health insurance companies and other payors to reimburse us for our performance of the
Cologuard test; the amount and nature of competition from other cancer screening products and services; the effects of any
healthcare reforms or changes in healthcare pricing, coverage and reimbursement; recommendations, guidelines and/or
quality-of-care metrics issued by various organizations such as the U.S. Preventive Services Task Force, the American
Cancer Society and the National Committee for Quality Assurance regarding cancer screening or our products and
services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative
and licensing arrangements; our ability to maintain regulatory approvals and comply with applicable regulations; the impact of
our nationwide television advertising campaign; anticipated contracts with Anthem and other health insurance companies; and the
other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition
and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly
Reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact:
JP Fielder
jpfielder@exactsciences.com
608 210 5220
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SOURCE EXACT SCIENCES CORP