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ExonHit Therapeutics Invested Strongly in 2008 for Pivotal 2009 Results
Date:3/3/2009

mation for ExonHit: a new organization was put in place and a thorough business review was conducted. We want to stay active in both Therapeutics and Diagnostics and increase our collaborations," said Dr. Loic Maurel, President of the Management Board of ExonHit Therapeutics. "In Therapeutics, our strategy is to out-license our products or programs to maximize returns on investment. In Diagnostics, we plan to take products to the market and are currently evaluating opportunities to strengthen our overall portfolio and capabilities."

In July 2008, a new Management Board was elected following the departure of Bruno Tocque, Fabien Schweighoffer and Laurent Bracco, ExonHit's co-founders. All three retain a consultancy role in the collaboration with Allergan. Loic Maurel was named President of the Management Board, Matt Pando, Head of the Therapeutics Division and John Jaskowiak, Head of the Molecular Diagnostic & Genomic Services Division. Philippe Rousseau remains on the Management Board as Chief Financial Officer.

Overview of ExonHit's business activities

In order to transform into an emerging healthcare player, ExonHit Therapeutics underwent significant changes in 2008. For the first time, the Company simultaneously invested in clinical testing in both diagnostics and therapeutics. In addition, further investment was made to prepare its internal service laboratories to be compliant with Good Laboratory Practices (GLP).

ExonHit Therapeutics will keep its diversified business model and remain active in both therapeutics and diagnostics. These two fields have distinct risks and returns on investment, and provide opportunities for synergistic value creation. ExonHit will pursue its balanced investment strategy, with internal development programs and an increased number of strategic collaborations. Genomic Services activities are now dedicated to generating new collaborations for both the
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SOURCE ExonHit Therapeutics SA
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