Since April 2003, Mr. Sebulsky has served as Managing Partner and Portfolio Manager at Apothecary Capital LLC, an investment advisory firm specializing in health care. Prior to joining Apothecary Capital LLC, he was an independent investor and consultant. Mr. Sebulsky was also previously at Lincoln Capital Management, a private investment management firm, where he was responsible for its health care investments from July 1994 to January 2002, last serving as a Managing Director. From 1988 to May 1994, he was with Morgan Stanley & Company, an international investment banking and brokerage firm, with responsibility for equity research in the pharmaceutical and medical device industries, last serving as a Managing Director. He also previously held various positions at T. Rowe Price & Associates, an investment management firm, from 1982 to 1988, serving as a health care investment analyst and portfolio manager. He is currently serving on the Boards of Directors of Arrow International, a NASDAQ-listed medical device company, and Jazz Pharmaceuticals, a privately-held specialty pharmaceutical company