Board of Directors and Key Management

Jim Mellon - Non Executive Chairman

Jim Mellon, based in the Isle of Man, is a renowned fund manager and entrepreneur. He began his career with GT Management in the US and in Hong Kong and later became the co-founder and managing director of Thornton Management (Asia) Limited and was a director of Tyndall Holdings plc. He co-founded Regent Pacific Group Limited where he remains chairman. He is also currently chairman of Manx Financial Group Plc and a non-executive director of Plethora Solutions Holdings plc, Charlemagne Capital Ltd and Condor Gold Plc, all listed on AIM.

During the past six years, Mr Mellon has invested widely in the biopharma industry and co-authored “Cracking the Code”, an analysis of the investment potential within the biotech sector.

Denham Eke - Finance Director

Denham Eke is the Managing Director of Burnbrae Group Limited, a private international asset management company. He began his career in stockbroking with Sheppards & Chase before moving into corporate planning for Hogg Robinson plc, a major multinational insurance broker. He is a director of many years' standing of both public and private companies involved in the financial services, property, mining, and manufacturing sectors. He is Chairman of Webis Holdings PLC, Co-Chairman of Billing Services Group Limited, Chief Executive Officer of Manx Financial Group PLC, Chief Finance Officer of Life Science Developments Limited, and Chief Finance Officer of Port Erin Biopharma Investments Limited - all quoted on the London AIM market.

ANDERSON WHAMOND - NON EXECUTIVE DIRECTOR

Anderson Whamond has over 25 years' experience in the banking and financial sector. Mr Whamond began his career in 1983 at White Weld Securities (part of the CSFB group) before joining Salomon Brothers International in London in 1986 and then Morgan Stanley International in 1989 where he was a principal in charge of convertible bond trading. He joined Peregrine Securities International (UK) Limited in 1993, relocating to Hong Kong in 1996 to run the equity trading businesses of Peregrine Investment Holdings Limited and became a director of the executive committee of the Peregrine group in 1997. In 1998, he joined the Regent Pacific Group, a Hong Kong listed international emerging markets investment group as head of corporate investments and relocated to the Isle of Man. Subsequently, he left Regent Pacific Group in August 2000 to pursue his own interests.

Anderson Whamond joined the Charlemagne Group in 2002 and was a director of AIM quoted Charlemagne Capital Limited until March 2009. He remains a director of Charlemagne Capital (IOM) Limited and is also a director of a number of listed and non-listed investment companies.

Audit Committee

The audit committee will be chaired by Mr Whamond and will also be comprised of Mr Eke. The audit committee is responsible for providing formal and transparent arrangements for considering how to apply suitable financial reporting and internal control principles having regard to good corporate governance and for monitoring external audit functions including the cost-effectiveness, independence and objectivity of the Company's auditors.

Remuneration Committee

The Remuneration Committee will be chaired by Mr Whamond and will also be comprised of the Board.

Nominations Committee

The Nominations Committee will be chaired by Mr Whamond and will also be comprised of the Board.