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Lisa Wittmer, chief operating officer and head of portfolio development at AMO Pharma, elaborated, "Drug developers must be able to identify, de-risk and rapidly advance promising therapies that address significant unmet needs.
Copies of press releases and additional information about AMO are available at http://www.
Additional information concerning these and other risk factors may be found in previous financial press releases issued by AMO and AMO's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Risk Factors" in AMO's 2005 Form 10-K filed in March 2006.
His experience, wisdom and professionalism have been invaluable to me and everyone else associated with the AMO organization.
Four of the new lawsuits were brought by individuals who unwittingly used the product after it was recalled by AMO.
Meier joined AMO in 2002 as corporate vice president and chief financial officer.
Meier, 48, held positions of chief financial officer and chief operating officer at AMO.
The Bausch & Lomb Board of Directors, following the recommendation of a Special Committee composed entirely of independent directors, has determined that the AMO Proposal is bona fide and is reasonably likely to result in a superior proposal, as defined in the Warburg Pincus Agreement.
We are pleased that B&L's board has determined that our offer is bona fide and is reasonably likely to result in a superior offer," said AMO Chairman, President and CEO Jim Mazzo.
AMO expects to use the net proceeds from the offering, and borrowings under a new senior credit facility that it expects to enter into, (1) to purchase all of the outstanding common stock of IntraLase, pursuant to the previously disclosed Agreement and Plan of Merger, dated January 5, 2007, by and among AMO, IntraLase and Ironman Merger Corporation; (2) to repay all outstanding indebtedness under its existing senior credit facility, if any; (3) to pay related fees and expenses; and (4) for other general corporate purposes with any remaining proceeds.