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Stephen G. Sudovar Reelected to the Aastrom Biosciences’ Board of Directors

Montclair, New Jersey, October 20, 2008 — SGS Associates Inc., a Business Consulting Firm focusing on clients within both Pharmaceutical and Biopharmaceutical Companies, announced today that Stephen Sudovar, the Company’s Chairman and CEO, has been reelected to the Board of Directors of Aastrom Biosciences, Inc. (NASDAQ: ASTM).

Mr. Sudovar has been a member of the Aastrom Board since July 2005. Aastrom is a clinical development stage company concentrating on the use of autologous stem cells for regenerative medicine.

"I am honored to continue to serve as an Independent Director at Aastrom representing the many shareholders of the company. I also look forward to continue working with my very accomplished fellow board members and the Aastrom senior management team. I am excited about the science at Aastrom, the clinical trial results that we have seen for our proprietary technology and the company’s prospects for turning adult stem cells into valuable therapeutic agents."

Prior to being the founder of SGS Associates, Mr. Sudovar was CEO of Elusys Therapeutics Inc., President of Roche Laboratories Inc. and President and CEO of Pracon Incorporated. During his over twenty five years of senior management experience, Mr. Sudovar has been in leadership positions in both a large global Pharmaceutical Company (Roche) as well as smaller entrepreneurial development stage companies. He was the founder of Pracon Incorporate and was the first CEO of Elusys Therapeutics Inc.

In addition to his vast private sector Health Care Industry experience, Mr. Sudovar has worked in both Government and Academia. Early in his career, Mr. Sudovar was appointed by the President of the United States to serve as a Deputy to the Assistant Administrator of Planning Evaluation and Legislation at the Environmental Protection Agency. Currently, in addition to his work at SGS Associates, Mr. Sudovar is an Adjunct Professor of Management at Montclair State University (MSU). He has been teaching Strategic Management at MSU for the last six semesters.

Mr. Sudovar holds a B.S. in Marketing from St. Peter’s College and an M.B.A. from Fairleigh Dickenson University. Mr. Sudovar is also on the Board of Nabi Biopharmaceuticals Inc.

About SGS Associates Inc.

SGS Associates is a management consulting firm serving Pharmaceutical and Biopharmaceutical industry clients. Areas of concentration for SGS Associates are corporate governance, business assessment and strategy formulation and government affairs. For more information about SGS Associates please go to www.sgsassociates.com.

 

 

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