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Mr. Ludwig is the Managing Director of ConPharm Anstalt a consulting firm specializing in life sciences funds. Prior to January 2005 Mr. Ludwig was a Managing Director at HighTech Private Equity a leading European venture capital fund focused exclusively on providing financial support for the development of innovative products based on applied technologies and life sciences. Life sciences companies in the HighTech portfolio have development programs in neurology rheumatology and oncology and are managed by professionals with both operational and strategic experience within these areas. Mr. Ludwig has significant and diverse project management experience including mergers and acquisition at Bayer AG and Bankhaus Sal. Oppenheim. | 