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Award Celebrates Farrell's Innovation and Impact on the San Diego Community
San Diego, Feb. 19, 2014 -- CONNECT, a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County, has selected Peter C. Farrell, Ph.D., for its highest honor, induction into the CONNECT Entrepreneur Hall of Fame. Farrell is being honored for his lifelong dedication to research innovation in the fields of sleep and respiratory medicine, and the impact he has had on the San Diego community.
In 1989, Farrell founded ResMed, a global company headquartered here in San Diego, to advance the treatment of sleep-disordered breathing (SDB), including sleep apnoea, a disease that was, at the time, relatively unknown and unstudied. Farrell has served as Chairman of ResMed since founding the company and also served as ResMed CEO for 21 of the nearly 25 years since the company was formed. Under Farrell’s leadership, the company has grown to operate in 100 countries with manufacturing sites in Australia, France, Singapore and the U.S., and employs over 4,300 people. This year, the company will celebrate its 25th anniversary.
Farrell has worked tirelessly to raise awareness of the dangers of untreated SDB. An estimated 25 percent of the adult population suffers from some form of SDB, the great majority of whom have yet to be diagnosed and treated. Researchers have linked untreated SDB to hypertension, diabetes, stroke, heart failure, depression and chronic obstructive pulmonary disease.
In addition to his work with ResMed, Farrell has served the San Diego community through multiple philanthropic efforts including his support of STEM education programs, the Preuss School at UC San Diego, Barrio Logan College, Monarch School, High Tech High, San Diego Center for Children, and the Museum of Contemporary Art, the San Diego Opera, the San Diego Zoo, the Sulpizio Center at UCSD, and both UCSD and USD in general.
Farrell is the eighth inductee into the CONNECT Entrepreneur Hall of Fame. Past inductees are Irwin Jacobs, Walter Zable, Ivor Royston, William Rastetter, J. Robert Beyster, Neal Blue, Linden Blue, Peter Preuss, Gene Ray, Howard “Ted” Green and Ron Taylor. An award luncheon honoring Peter Farrell will be held on Feb. 19, 2014 in La Jolla, CA.
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ResMed is a global leader in the development, manufacturing and marketing of medical products for the diagnosis, treatment and management of respiratory disorders, with a focus on sleep-disordered breathing and chronic obstructive pulmonary disease. The company is dedicated to developing innovative products to improve the lives of those who suffer from these conditions and to increasing awareness among patients and healthcare professionals of the potentially serious health consequences of untreated sleep-disordered breathing. For more information on ResMed, visit www.resmed.com.
CONNECT is a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County by creating an environment in which inventors and entrepreneurs have access to the resources they need for success. Since 1985, CONNECT has assisted in the formation and development of more than 3,000 companies and is now widely regarded as one of the world’s most successful organizations linking inventors and entrepreneurs with the resources they need for commercialization of innovative products. As a result, the program has been modeled in more than 50 regions around the world – most recently in New York City, Bogotá, Colombia and Saudi Arabia. To learn more about CONNECT, please visit our website at connect.org or call 858.964.1300. Also, follow us on Twitter @CONNECTinSD or on Facebook at facebook.com/CONNECTinSD.