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NEWS AND INFORMATION
Edward R. Gubish, Jr., Ph.D.
Named President of Biosciences Corporation®
Gaithersburg, Md., Jun 2, 2003 (BUSINESS WIRE) – Health Pathways™, Inc., a U.S. based Healthcare Products and Services Holding Company, Accelerating Healthcare Innovation Globally, today announced the appointment of Edward R. Gubish, Jr., Ph.D. as President of the biosciences Corporation division. Dr. Gubish will spearhead all aspects of the biosciences Corporation®. biosciences Corporation needed a strong and multi-experienced individual to lead the scheduled release of a series of products and services over the next twelve months. biosciences Corporation recently initiated its biotech business advisor and medical product development services. biosciences Corporation will also introduce its biothink® Network product during the upcoming Biotechnology industry Organization (BIO) conference on June 23, 2003. The biothink Network will accelerate clinical research by matching global clinical research and product development experts with pharmaceutical companies, biotech companies and Clinical Research Organizations(CROs) needing such expertise to accelerate quality clinical research study design and implementation.

Before joining biosciences Corporation, Dr. Gubish was at Entremed, Inc. for nine years, with the last two serving as President and Chief Operating Officer. EntreMed, Inc., is a discovery and research firm considered a beacon among the Maryland-based Biotech industry. Before this business leadership position, Gubish served as Senior Director of Regulatory Affairs for both IVAX and Fujisawa, USA. In addition, to these commercial leadership positions, Dr. Gubish served in the public sector with the National Institute for Allergy and Infectious Diseases and the Food and Drug Administration (FDA).

"Dr. Gubish offers the perfect blend of scientific and business healthcare experience needed for the biosciences Corporation Presidency," said Health Pathways’ President and Chief Executive Officer, J. Randall Hoggle. "His scientific and biotechnology background as well as his experience in the government arena rounds out the expertise needed in this division and his understanding of medical product development and commercialization will greatly augment his teams’ expertise in these disciplines."

"The biotech industry has been searching for a company that can immediately address its business and product development problems while keeping an eye on the resource requirements. biosciences Corporation represents this company and is forging unique services and solutions for biotech companies and their investors " said Gubish. As an example of these unique solutions, biosciences Corporation will be launching the biothink® Network to match critically needed global clinical research expertise to accelerate quality clinical research study design and implementation.

About Health Pathways, Inc.

Health Pathways with Holding Company headquarters in Gaithersburg, Maryland, “Accelerates Healthcare Innovation” through a series of five divisions. Health Pathways Investment Fund provides working capital for promising technologies and discovery companies. The NetHealth Trust division provides workflow process improvement and business automation for government and commercial customers. The MedSolution Networks division provides Medical Imaging Management services for clinical trials to accelerate the determination of clinical trial eligibility and exchange of medical imaging information. biosciences Corporation division provides business advisory and medical product development expertise for biotech companies and investors. Health Sciences Group aligns diagnostic and therapeutic product opportunities in specific disease areas providing added value through product development and commercialization.

About biosciences Corporation

biosciences Corporation, is headquartered in Gaithersburg, Maryland. As a leading corporate service, the biothink Network acts as an independent, third party, providing clinical researchers and those securing clinical research and product development services with a Web-enabled interface, which allows them to exchange and validate clinical research experience information. The necessary documentation and information are provided all along the contracting process to accelerate clinical research conduction and product development allowing products to come to market faster. biosciences Corporation has a series of medical product and business development clients representing the leading pharmaceutical, biotech and venture capitalists in the world. For more information, please visit the biosciences Corporation Web site at www.biothink.com.

For More Information on this Press Release Please Contact:
Mathias Neumann, mneumann@healthpathways.com.

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