Alverix announces that Richard “Ric” C. Tarbox, III has been named Chief Executive Officer of the company.
Tarbox has more than 30 years of experience in the healthcare industry, with a proven global track record within the diagnostic and medical device segments. He joins Alverix having previously served as VP, Strategy Management at Cardinal Health Inc, a $96 billion health care services company that improves the cost-effectiveness of health care, helping pharmacies, hospitals and ambulatory care sites focus on patient care while reducing costs, improving efficiency and quality, and increasing profitability.
Prior to his work at Cardinal Health, Tarbox was SVP, Corporate Development Officer at Quidel Corp. He was also VP, Strategic Sourcing and Business Development for the Healthcare Market Division of Thermo Fisher Scientific Inc, where he was responsible for management of vendor relationships, strategic sourcing and M&A activity in the Healthcare sector. Other positions previously held include senior operations and business development roles with Ostex International, Inc., Baxter International Inc and American Hospital Supply Corporation.
“Ric brings to Alverix a unique skill set with experience from across the entire POC value chain,” said Gary J. Kurtzman, MD, Chairman of the Board at Alverix and Managing Director in the Life Sciences Group at Safeguard Scientifics Inc. “From the diagnostic test manufacturer to the distributor to the end customer, such as a hospital or physician lab, Ric’s experience will prove invaluable as Alverix continues to foster partnerships, develop products and commercialize its novel instrument and technology platforms. Alverix’s disruptive technology has the potential to revolutionize patient testing and dramatically improve patient care by enabling more sensitive, affordable, immediate and accurate testing in nearly any setting.”
When measuring diagnostic assays, Alverix’s instrumentation enables central laboratory quality results to be delivered at the POC or any near patient setting. Until now, this level of performance required expensive, immobile bench-top instrumentation. In contrast, Alverix’s detection devices combine optoelectronics and sophisticated signal processing algorithms in a portable, battery operated instrument to generate more precise results, for a fraction of the cost and turn around time of traditional methods.
“Alverix’s core technologies, which leverage a 30-year legacy of expertise in optical sensors, image processing, software and signal enhancement algorithms, have resulted in an elegant technology solution that combines image acquisition, analytical software and data management to create a unique testing platform,” stated Tarbox. “As a result, Alverix has the unique potential to deliver significant benefits to patients, healthcare providers, test kit marketers and community health agencies. The time is now for Alverix and its next-generation POC diagnostic instruments and I am very excited to be a part of the team that will commercialize these offerings and make them available where immediate results are critical to patient care.”
Tarbox is a graduate of the University of Washington where he received his Bachelor’s Degree and the Kellogg School of Management at Northwestern University where he earned a Master’s in Business Management. He has served on the boards of numerous organizations, including Ostex International Inc, DenOptix Inc, Metrika Laboratories Inc, BioSeparations Inc, and ClearData Communications Inc, as well as serving as a member of the BOD of the HIDA Educational Foundation and Chairman of its Research/Business Intelligence Committee.
Source: Alverix
