Nanosphere hires William Moffitt as CEO

July 23, 2004 – Nanosphere Inc. has hired a life sciences industry veteran as its first full-time chief executive.

William Moffitt has joined the Northbrook, Ill.-developer of nanoparticle-based gene detection systems. He replaces Jeffrey Langan, who served as interim CEO.

Moffitt most recently served as president and CEO of i-STAT Corp., a pioneering lab-on-chip developer for point-of-care diagnostics. He led I-STAT through its initial public offering and $480 million acquisition by Abbott Laboratories last year.

He held previous executive positions with Baxter Healthcare Corp. and American Hospital Supply Corp., which Baxter acquired in 1985.

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