May 8, 2009 (FinancialWire) — Steven H. Kane has been appointed as president and chief executive officer of Patient Safety Technologies (OTCBB: PSTX) (Current Market Cap: US$15.28 Mil.). David Bruce, the company’s previous president and CEO, has resigned.

Kane has served as the company’s chairman since March 2008. He formerly served as CEO of Protalex, an early stage drug development company. Kane was previously VP of North American sales and field operations for Aspect Medical Systems through a successful initial public offering in January 2000.

Prior to that, Kane was Eastern area VP for Pyxis, through that company’s initial public offering in 1992 and its subsequent sale to Cardinal Health. Earlier in his career, Kane worked in sales management with Eli Lilly and Becton, Dickinson.

Temecula, California-based Patient Safety Technologies, through its SurgiCount Medical, subsidiary, provides the Safety-Sponge system, which is designed to prevent the occurrence of surgical sponges and other items from being left inside patients after surgery.

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