Lazurite Names Neil Lyons as CFO

December 14, 2023

CLEVELAND, OH—Medical device and technology company Lazurite® has named Neil Lyons as its chief financial officer. Lyons started his career with Deloitte and practiced as a CPA with them for over 10 years. He served as the CFO for three life science companies, two public and one private, between 2005 and 2021. Since 2021 he has continued to serve life science companies on a fractional basis.

“Neil is a seasoned finance executive and CPA focused on increasing shareholder value through strategic transactions and organic growth,” said Lazurite President Leah Brownlee. “He has expertise in life sciences, IT and telecommunications and experience in corporate environments ranging from start-up, less than a dozen employees, to mid-sized and large corporations. We are pleased to have him on our team. As appropriate for a company of Lazurite’s size, he is serving us on a fractional basis.”

Lyons has been a serial life science CFO since 2005 going on now four companies: RegneRx Biopharmaceuticals (OTC: RGRX), Cleveland BioLabs (NASDAQ: CBLI), American Gene Technologies (private) and AMPEL BioSolutions (private). He has helped them raise over $160 million in equity and debt financing in public and private transactions and win $19 million in federal contracts. For these companies, he oversees all finance and administrative matters, including alignment of financing to the overall corporate strategy, financial forecast development used for both fiscal management and investor solicitation, financial reporting and audits (including initial audits), employee and executive incentives (including equity incentive plans), lead interface with all professionals including legal, accounting, investor relations, and valuation.

About Lazurite

Lazurite designs medtech devices. Its ArthroFree® System includes the first wireless camera with FDA clearance for arthroscopy and endoscopy. Free of cumbersome camera cables, ArthroFree enables surgeons to work with maximum dexterity, precision, and focus. Without camera-cable-related interruptions and contamination concerns, surgeons are able to keep their eyes on the monitor—and on their patients’ well-being. Lazurite is located in Cleveland, OH (est. 2015). Its investors include more than 70 physician champions. Lazurite’s IP portfolio includes the high-efficiency Meridiem® light technology, wireless communication technology, and products in development. Lazurite’s three-year vision (by 2026): Modernize 1,000 operating rooms for the wireless age. For more information, see

Forward-Looking Statements This press release includes “forward-looking statements.” Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “projected,” “estimate,” “expect,” “may,” “should,” “will,” “designed,” “optimistic,” “promises,” “helps,” “allows” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the expected impact and ease of use advantages of the ArthroFree System within the field of minimally invasive surgery, particularly orthopedic surgery. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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Patrick Gallagher
[email protected]

[email protected]

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