Alverix Names Tarbox as CEO

Xconomy San Francisco — 

Alverix, a San Jose, CA-based company that specializes in point-of-care biomedical diagnostics, named Richard “Ric” Tarbox as CEO. Tarbox, a former senior VP of corporate development at San Diego-based Quidel, was most recently the vice president of strategy management at Cardinal Health (NYSE: CAH). Alverix, which got $7.7 million in venture funding in 2008 from New Venture Partners and Safeguard Scientifics, was spun out three years ago from Avago Technologies, which was itself a spinout from Agilent and Hewlett Packard.