The information contained herein must be treated in a confidential manner and may not be reproduced or used in whole or in part, nor may it be disclosed without the prior written consent of the Bellevue Group or its affiliates. Certain economic, market and other information contained herein has been obtained from published sources prepared by other parties (or in some cases obtained from companies in which investments by BB BIOTECH have been made) and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, neither the Bellevue Group nor its respective affiliates and employees assume any responsibilities for the accuracy or completeness of such information.


No part of the document may be reproduced in any manner without the written permission of Bellevue Group. Information in this document has been obtained from various sources; we do not represent that this information is accurate or complete and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. The products mentioned in this document may not be eligible for sale in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates, interest rates, or other factors. Additional information will be provided upon request.


The following information contains certain "forward-looking statements" relating to the Partnership’s business, which can be identified by the use of forward-looking terminology such as "estimates", "believes", "expects" "may", "are expected to", "will", "will continue", "should", "would be", "seeks", "pending" or "anticipates" or similar expressions, or by discussions of strategy, plans or intentions.  Due to various risks and uncertainties, actual events or results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing in this report is an offer to sell, or the solicitation of an offer to buy, any security of a product sponsored by the Bellevue Group or its affiliates. Any offer or sale of interests in the Partnership will be made only pursuant to a final confidential private placement memorandum for such product, which will qualify in its entirety the information set forth herein.


The information contained in this report does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered only in the light of the same risk factors, warnings, lack of assurance and representations and other precautionary matters, as disclosed in the final confidential placement memorandum for the Partnership (BB BIOTECH VENTURES II, L.P.). The Bellevue Group, its affiliates, shareholders, directors, officers, and/or their employees, including persons involved in preparations or issuance of this material, may from have long or short positions in the securities mentioned in this document or in options or other derivatives based thereon.


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To identify trends and improve the quality of our online services, a few non-personal items of usage data, such as your IP address, the website you last visited, which browser you are using, date and time, etc., are recorded ("Google Analytics"). The data is anonymized.


Extract from the terms and conditions for the use of the Google Analytics service (Chapter 8.1)


This website uses Google Analytics, a web analytics service provided by Google, Inc. (“Google"). Google Analytics uses “cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States . Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.