1. ChinaBio ® Accelerator ChinaBio ® Accelerator Helping China biotech become global biotech ™ The State of China Biotech Greg B. Scott – President, Founder V3.1 © 2008 ChinaBio LLC

2. ChinaBio ® In summary… Government funding increasing –Stimulating research, early stage companies VCs moving to later stage and slowing –Technology commercialization gap widens IPOs dead –Could be a very long recovery M&A more active, but deal size down –Moving away from TCM Big pharma partnerships growing –Most have a BD team in China 2

3. ChinaBio ® New Molecule Patents 3 Source: ChinaBio ® Consulting Total: 1712 Small molecule patent: 906 Large molecular patent: 806 906 806 1712 Accelerating Rapidly – 2006 up 43% Oncology, Infectious Disease, CVD lead Note: Screened 115,000 patents as of September 1, 2008. Due to the lag of patent publishing, 2007 and 2008 are under reported.

4. ChinaBio ® Biotech VC Investment 4 $228M invested in 28 deals through Oct. ‘08 $409M in 40 deals in 2007 Source: ChinaBio ® Consulting

5. ChinaBio ® Biotech VC by Segment 5 Source: ChinaBio ® Consulting Service #1 at $86M Only $11M to novel drugs

6. ChinaBio ® Partnering Deals 6 2007 27 Deals 10 M of 2008 30 Deals # partnering deals already exceeded 2007 In-licensing tripled Source: ChinaBio ® Consulting

7. ChinaBio ® 7 ChinaBio ® LLC Consulting: – Roche (RMS), Pfizer, CA/China biotechs, iBanks, VCs Conferences: – ChinaBio ® Partnering Forum (Shanghai, 6/09) – ChinaBio ® Investor Forums Beijing (12/08), Hong Kong (3/09), Suzhou (8/09) – BioCapital China Summit 2008 (Beijing, 10/08) – ChinaBio ® Executive Workshops Beijing, Hong Kong, Shanghai, Suzhou, San Francisco, San Diego Publishing: – ChinaBio ® Today (www.ChinaBioToday.com) – Industry Reports

8. ChinaBio ® 8 Thank you! 谢谢你！ Contact information: Greg B. Scott: gscott@chinabiollc.comgscott@chinabiollc.com US Mobile: +1-858-205-3339 China Mobile: +86 130 2012 9548 ChinaBio ® LLC Shanghai, San Diego and Palo Alto US Tel: +1-858-926-4566 / China Tel: +86 21 5137 0751 info@ChinaBioLLC.com www.ChinaBioLLC.com