SAN FRANCISCO, April 22 - Cepheid's new CEO, John Bishop, started his job last Monday.

He is currently commuting between his home in Chicago and Cepheid's Sunnyvale, Calif., headquarters. While he is in sticker shock from shopping for a house in Silicon Valley, Bishop seems very much at home in what he sees as his role to build Cepheid from a tool concern into a "patient disease-management" company.

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