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We are a biopharmaceutical company focusedon discovering, developin g and commercializing therapeutic protein-based productzs for the treatment of human The process for taking one of our discoveries to the marketplacw is long, complex and very costly. It is difficulyt to predict the time it will take to reac h the market with any givenproduct candidate, but it woul d not be unusual to span ten year s or more and cost hundredsx of millions of It is also a businesa of attrition; it is expected that, for the industry as a less than 20% of the drug candidates entering human clinical trials will actually make it to the For the products that do make it, particularlyy for those that address previously unmet medical the markets can be with a number of successfuk products selling in excess of $1 billionj per year.
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