News Releases

Comerica Sponsors Innovation 2002; Provides Panelist for Capital Markets Overview Discussion

SCOTTSDALE, Ariz./April 8, 2002 -- Comerica (NYSE:CMA), a leading financial services company, announced today that its Technology and Life Sciences Division is one of the sponsors of Innovation 2002, a conference that brings together healthcare CEOs to discuss innovative services and information technology. The April 11-14 event was founded by PricewaterhouseCoopers, LLP; Versant Ventures; and Wilson Sonsini Goodrich & Rosati.

The Comerica-sponsored Capital Markets Overview panel, on April 12, will feature Parag Shah, head of Comerica's East Coast life sciences practice. Shah and other panelists will offer their comments on investing, lending and valuation, as they attempt to answer the question, "Will the recent resurgence of investor interest in service IPOs rub off on valuations of innovative private service and Healthcare Information Technology (HCIT) companies?" Providing a "real world" view of the situation will be private and public CEOs, who will share their latest fund-raising experiences.

Comerica's national life sciences practice works with early- and late-stage technology companies in the healthcare arena, including medical device manufacturers and biotechnology firms. Shah's business and science background -- a master's degree in technology, management and policy, and a bachelor's degree in molecular biology -- allows Comerica to provide a depth of service to life sciences companies not typically found in the banking community.

About Comerica's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 19 offices located across the U.S., Comerica's Technology and Life Sciences Division serves all major technology centers. Comerica is the 17th largest banking company in the nation, with $51 billion in assets.

Media Contacts:
Comerica Bank-California
Keith Turner, 408/556-5111
(for Comerica's Technology and Life Sciences Division)
Adrienne Moch, 408/293-8600 ext. 319