OPKO Health Names Dr. Gregory Henderson President of Bio-Reference Laboratories

OPKO Health (Ireland)

About the role

March 15, 2016 8:30am EDT

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MIAMI--(BUSINESS WIRE)--

OPKO Health, Inc. (NYSE:OPK) announces the appointment of Gregory

Henderson, M.D., Ph.D., as President of Bio-Reference Laboratories

(BRL), effective immediately. Dr. Henderson succeeds Marc Grodman, M.D.,

who is resigning, having served as Chairman, President and CEO of BRL

since founding the company in 1981. OPKO acquired BRL in August 2015.

Dr. Grodman will continue as a special advisor to OPKO and BRL to ensure

a smooth transition.

“Dr. Grodman built a billion-dollar clinical diagnostic lab company and

a strong legacy of innovating and developing new tests, all while

operating in a highly competitive environment,” said Phillip Frost,

M.D., Chairman and CEO of OPKO Health. “We are building upon Dr.

Grodman’s legacy and moving in directions that will generate a new era

of strong growth and position BRL to participate further in health and

wellness decisions. Dr. Henderson brings to BRL the ideal combination of

technical expertise and entrepreneurial and management experience. We

look forward to supporting his leadership as BRL accelerates growth from

core traditional and genetic testing services, and commercializes

important new products, such as the 4Kscore™ test for prostate cancer.”

A second-generation pathologist, Dr. Henderson founded and sold two

large regional clinical lab businesses, including NextWave Diagnostic

Laboratory in Wilmington, N.C. and Pacific Pathology Partners in

Seattle. He has been a practicing pathologist for more than 20 years and

joins BRL from the Mount Sinai Health Network, where he was the Vice

Chairman of Pathology Outreach and Affiliate Laboratory Affairs.

Commenting on his new position, Dr. Henderson said, “As part of OPKO,

Bio-Reference Laboratories is uniquely positioned to catalyze the

transformation of healthcare in the U.S. by delivering high-value,

physician-interpreted diagnostic knowledge, innovative new testing to

clinicians and patients and targeted therapeutics from our

pharmaceutical development group. Testing that provides clinical

guidance and risk stratification, minimizes invasive procedures and

bends the healthcare cost curve is the future of laboratory medicine.”

“Our 4Kscore prostate cancer risk stratification test, which has been

demonstrated in a study to reduce prostate biopsies by more than 60% and

lower attendant costs and patient risk, is the first of such tests and

is our template and roadmap,” he added. “I am looking forward to working

with the team at OPKO and BRL as we set a course to transform the

diagnostic industry and radically improve patient care.”

About Dr. Henderson

Dr. Henderson is a board-certified anatomic and clinical pathologist

with clinical expertise in breast and gynecologic diseases, and has a

nearly 20-year track record of successful founding and growth of

regional laboratories. He served as Vice Chairman and Director of

Anatomic Pathology at the Ochsner Health System in New Orleans during

Hurricane Katrina and for several years after the disaster. His most

recent role has been Vice Chairman of Pathology and Director of

Laboratory Outreach at the Mount Sinai Health Network in New York, one

of the largest hospital-based laboratory outreach programs in the U.S.

A native of New Orleans, Dr. Henderson received a B.S. in biochemistry

from Tulane University. He received his M.D. and a Ph.D. in immunology

from Vanderbilt University and was a NIH Medical Scientist Training

Program fellow. His specialty training in laboratory medicine was at the

University of Utah ARUP laboratories, and his anatomic pathology

training was at Johns Hopkins Hospital. His specialty fellowship

training in breast, gynecologic and oncologic pathology was also at

Vanderbilt University.

About OPKO Health, Inc.

OPKO Health, Inc. is a diversified healthcare company that seeks to

establish industry-leading positions in large, rapidly growing markets.

Our diagnostics business includes Bio-Reference Laboratories, the

nation's third-largest clinical laboratory with a core genetic testing

business and a 420-person sales force to drive growth and leverage new

products, including the 4Kscore® prostate cancer test and the Claros®1

in-office immunoassay platform. Our pharmaceutical business features

Rayaldee™, a treatment for SHPT in stage 3-4 CKD patients with vitamin D

insufficiency (March 29, 2016 PDUFA date) and VARUBI™ for

chemotherapy-induced nausea and vomiting (oral formulation launched by

partner TESARO, IV formulation in Phase 3). Our biologics business

includes hGH-CTP, a once-weekly human growth hormone injection (in Phase

3 and partnered with Pfizer), and a long-acting Factor VIIa drug for

hemophilia (in Phase 2a). We also have production and distribution

assets worldwide, multiple strategic investments and an active business

development strategy. More information is available at www.opko.com .

About Bio-Reference Laboratories, Inc.

Bio-Reference Laboratories is one of the largest and fastest growing

full-service diagnostic laboratories in the world, providing clinical

testing services to physician offices, clinics, hospitals, long-term

care facilities and employers while also advancing drug discovery and

development with disease foundations, academic and pharmaceutical

partners. Bio-Reference's comprehensive testing capabilities and

expertise spans molecular diagnostics, anatomical pathology, women's

health, oncology and rare disease genetics. Bio-Reference Laboratories,

and its subsidiaries, has an international presence in more than 50

countries. For more information, visit www.bioreference.com .

Forward-looking Statements

This press release contains "forward-looking statements," as that

term is defined under the Private Securities Litigation Reform Act of

1995 (PSLRA), which statements may be identified by words such as

"expects," "plans," "projects," "will," "may," "anticipates,"

"believes," "should," "intends," "estimates," and other words of similar

meaning, including statements regarding our ability to generate or

accelerate growth at Bio-Reference, our ability to transition and

transform the diagnostics industry or improve patient care through

Bio-Reference, our ability to commercialize important new products,

Bio-Reference’s or OPKO’s ability to deliver high-value or innovative

new testing to clinicians and patients, expectations regarding the

commercial success of our 4Kscore test or the ability of our 4Kscore

test to reduce prostate biopsies or reduce attendant costs and patient

risks, as well as other non-historical statements about our

expectations, beliefs or intentions regarding our business, technologies

and products, financial condition, strategies or prospects. Many factors

could cause our actual activities or results to differ materially from

the activities and results anticipated in forward-looking statements.

These factors include those described in our filings with the Securities

and Exchange Commission, as well as the risks inherent in funding,

developing and obtaining regulatory approvals of new,

commercially-viable and competitive products and treatments. In

addition, forward-looking statements may also be adversely affected by

general market factors, competitive product development, product

availability, federal and state regulations and legislation, challenges

relating to integration of Bio-Reference, including management changes,

the regulatory process for new products and indications, manufacturing

issues that may arise, patent positions and litigation, among other

factors. The forward-looking statements contained in this press release

speak only as of the date the statements were made, and we do not

undertake any obligation to update forward-looking statements. We intend

that all forward-looking statements be subject to the safe-harbor

provisions of the PSLRA.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160315005608/en/

For OPKO Health

Media

Rooney & Associates

Terry

Rooney, 212-223-0689

or

Marion

Janic, 212-223-4017

Investors

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Anne

Marie Fields, 212-838-3777

or

Bruce

Voss, 310-691-7100

Source: OPKO Health, Inc.

Released March 15, 2016

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