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Calvert Holdings, Inc. Elects Dr. Donald A. Edmondson to its Board of Directors

Cary, N.C, (May 27, 2015) – Calvert Holdings, Inc., a privately held company focused on servicing early stage drug development companies, announced the election of Dr. Donald A. Edmondson, M.D. to its Board of Directors. Dr. Edmondson is a practicing anesthesiologist in the Raleigh, NC area and is a partner with the American Anesthesiology of North Carolina group.

“I have known Don for many years and have found him to be a very skilled physician as well as an enterprising individual with many interests outside of the medical care industry”, said Russ McLauchlan, Executive Chairman and Founder of Calvert Holdings, Inc. “Calvert is undergoing a number of exciting transitional events as we change the course of our business model and Don’s recent experience with his own partner group following their acquisition by American Anesthesiology will be a great help to our own discussions. I look forward to having Don join us on the Board.”

“I am honored to work with Calvert Holdings as it transitions its management team to propel the organization into a stronger presence in the Contract Research Organization industry. Calvert services early stage drug development businesses that are now heavily favored by investors. There appears to be a bigger need by early stage, small and virtual pharmaceutical and biotechnology companies, for service providers like Calvert to offer a full range of contracted services as they advance their technologies through the regulatory process,” added Dr. Edmondson. “Calvert appeals to early stage developers because of its strong focus on quality of preclinical services and personal interaction with its clients. I look forward to working with the management team to identify those service areas that will complement what is already a solid line up.”

About Calvert Holdings, Inc.

Calvert Holdings, headquartered in Cary, NC, provides vision, resources and business leadership for all of the companies we develop or acquire. Calvert Holdings is the parent company of Calvert Labs, Calvert Research and Crescent Green Management Advisors.  Follow Calvert on Twitter @Calvert_Labs, Facebook and LinkedIn. For more information about us click here.

 

Media Contact:

Michael A. Recny, Ph.D.

Chief Executive Officer

Phone: 919.459.8669

Email: mrecny@calvertholdings.com