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Dr. Peter B. Corr Joins Team at Celtic Therapeutics as General Partner
Date:12/18/2007

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With more than 25 years of experience in the biotechnology industry, Mr. Evans-Freke previously founded Selectide Corporation, one of the first combinatorial chemistry companies, where he served as Chairman until its sale to Hoechst in 1994. He also founded SUGEN Inc, and served as its Chairman and Chief Executive Officer through its Initial Public Offering (IPO) in 1995 and until its sale to Pharmacia Corporation for $720 million in 1999. During the 1980s, he was a Managing Director and Board Member of PaineWebber Inc., where he served as the lead investment banker to Genentech, AMGEN and Centocor. Mr. Evans-Freke was also a co-founder of Fibrogen, Inc. and Royalty Pharma AG and he currently serves as Chairman of the Board for Cibus Genetics, LLC. He also serves on the boards of Cambridge University Stem Cell Centre and the Christopher and Dana Reeve Foundation.

About Celtic Pharmaceutical Holdings L.P.

Celtic Pharmaceutical Holdings L.P. ("Celtic Pharma") is a global private equity investment firm focused on the biotechnology and pharmaceutical industries. Celtic Pharma was founded by Stephen Evans-Freke and John Mayo, CBE and is based in Bermuda, with offices in New York and London. Celtic Pharma acquires and invests in late stage pharmaceutical programs and manages these programs through their development to regulatory approval. Celtic Pharma's aim is to bridge the gap between the established pharmaceutical companies' new product pipeline crisis and the biotech industry's capital drought. For further information, please visit Celtic Pharma's website at http://www.celticpharma.com

About Celtic Therapeutics

Founded in 2007, Celtic Therapeutics Management, LLLP, is a successor firm to Celtic Pharma, pursuing the same investment model on a larger scale. It plans to become a global private equity firm that identifies and acquires therapeutic products
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