1. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Biotech Industry in Italy Italian Life Sciences Survey December 2006 Provided by Italian Biotech Database v/o Venture Valuation, Zurich in collaboration with ‚invest in Italy‘ www.italianbiotech.com | www.venturevaluation.ch | www.investinitaly.com

2. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Italian Biotech Companies - Breakdown by Subcategories Comments: Based on the categorization of the Italian Biotech Database; Total of 256 companies. Biotech Industry In Italy Italian Life Sciences Survey December 2006

3. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Product Development of Italian Biotech Companies - Breakdown by Development Phases Comments: Based on the company profiles categorized as „Biotechnology“ (87 companies). Biotech Industry In Italy Italian Life Sciences Survey December 2006

4. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Biotech Industry In Italy Italian Life Sciences Survey December 2006 Foundation of Italian Biotech Companies 1995 – 2006 (YTD) Breakdown by Main Categories Comments: Total 82 foundations between 1995 – 2006 (YTD).

5. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Size of Biotech Companies - Number of Employees Comments: Data about employees available for 75 companies (total 82 companies). Biotech Industry In Italy Italian Life Sciences Survey December 2006

6. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Ownership of Italian Biotech Companies - Breakdown Public / Private Comments: Total 249 companies. Biotech Industry In Italy Italian Life Sciences Survey December 2006

7. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Source of Foundation Italian Biotechnology Companies Comments: Data available for 40 companies. Biotech Industry In Italy Italian Life Sciences Survey December 2006

8. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Comments: Based on information available on www.biotechgate.com Biotechnology in selected EU countriesBiotech Industry In Italy Italian Life Sciences Survey December 2006

9. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Additional Information available on www.italianbiotech.com Biotech Industry In Italy Italian Life Sciences Survey December 2006

10. Italian Biotech Database www.Italianbiotech.com | c/o Venture Valuation | www.venturevaluation.com | info@venturevaluation.ch Data Basis Terms of Use Contact for Database Collaboration Partner Italian Life Sciences Survey December 2006 The „Italian Life Sciences Survey“ is based on the data entered in the Italian Biotech Database available on www.italianbiotech.com. The statitistics and graphs in this presentation include the figures and information entered in this database. We do not guarantee any accuracy hereof. The use of the figures and graphs provided in this report is free of charge for any presentations only with the remark of reference „Source: www.italianbiotech.com“. For all other uses please contact us for the terms of conditions. Italian Biotech Database v/o Venture Valuation VV AG Kasernenstrasse 11+41 43 321 86 60 8004 Zurichinfo@venturevaluation.ch Switzerlandwww.venturevaluation.ch Invest in Italywww.investinitaly.com Data Basis & Terms of Use