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Licensing Strategy<br />

Partner Selection<br />

• Selection criteria : (a) drug development skills (b) experience in therapy area<br />

(c) Marketing prowess (d) deal value (e) development program/speed to market<br />

• Preference for before Phase IIA/PoC deal timing;<br />

Sales $ Bn<br />

$400<br />

$300<br />

$200<br />

$100<br />

Licensing Focus<br />

US<br />

EU<br />

Jap<br />

Retain rights: high<br />

growth markets of<br />

Asia, Africa,<br />

Russia, Lat Am,<br />

Australia<br />

APPROACH TO LICENSING<br />

• Retain use of clinical data generated<br />

by partner<br />

• Retain exclusive /<br />

co- commercialization rights to<br />

products for Asia, Africa, Australia,<br />

Lat Am and Russia<br />

• Register product upon US/EU<br />

approval in these markets and launch<br />

$0<br />

0% 5% 10% 15% 20%<br />

Annual Sales Growth<br />

License out the leads to partners for the markets of North America, Europe and<br />

Japan; retain exclusive / co-commercialization rights for rest of the world<br />

7

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