1. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Biotech Industry in Italy Italian Life Sciences Survey 2008 Provided by Italian Biotech Database and Biotechgate c/o Venture Valuation, Zurich www.italianbiotech.com | www.biotechgate.com | www.venturevaluation.ch

2. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Italian Biotech Companies - Breakdown by Subcategories Comments: Based on the categorization of the Italian Biotech Database; Total of 774 companies. Biotech Industry In Italy Italian Life Sciences Survey 2008

3. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Product Development of Italian Biotech Companies - Breakdown by Development Phases Comment: Based on the company profiles categorized as Biotechnology - Therapeutics (51 companies). Biotech Industry In Italy Italian Life Sciences Survey 2008

4. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Biotech Industry In Italy Italian Life Sciences Survey 2008 Foundation of Italian Biotech Companies 1995 – 2008 (YTD) Breakdown by Main Categories Comments: Total 86 foundations between 1995 – 2008 (YTD).

5. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Source of Foundation Italian Biotechnology Companies Comments: Data available for 211 companies. Biotech Industry In Italy Italian Life Sciences Survey 2008

6. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Ownership of Italian Biotech Companies - Breakdown Public / Private Comments: Total 465 companies. Biotech Industry In Italy Italian Life Sciences Survey 2008

7. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Size of Biotech Companies - Number of Employees Comments: Data about employees available for 130 companies. Biotech Industry In Italy Italian Life Sciences Survey 2008

8. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Additional Information available on www.italianbiotech.com Biotech Industry In Italy Italian Life Sciences Survey 2008

9. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.com Data Basis Terms of Use Contact for Database Collaboration Partner Italian Life Sciences Survey 2008 The Italian Life Sciences Survey is based on data entered in the Italian Biotech Database available at www.italianbiotech.com. The statitistics and graphs in this presentation include the figures and information entered in this database as of March 2009. We do not guarantee any accuracy hereof. A new categorization system was installed during 2008; therefore, the 2008 survey cannot be directly compared with surveys of years prior to 2008. The use of the figures and graphs provided in this report is free of charge for any presentations as long as www.italianbiotech.com is clearly cited as the source. For all other uses please contact us for terms and conditions. Italian Biotech Database v/o Venture Valuation VV AG Kasernenstrasse 11+41 43 321 86 60www.italianbiotech.com 8004 Zurichinfo@venturevaluation.com Switzerlandwww.venturevaluation.com Data Basis & Terms of Use