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Randall L-W. Caudill, D.Phil., was elected to our board of directors in December 2001 as a Class I director. Dr. Caudill is the founder and president of Dunsford Hill Capital Partners, a financial consulting firm serving early-stage health care and technology companies. Dunsford Hill Capital Partners provided financial and management services to the Company from 2000 to 2003. From 1987 to 1997 Dr. Caudill was employed by Prudential Securities where he established and headed the firm's San Francisco investment banking practice. He also served as head of Prudential's Mergers and Acquisitions Department and was Co-head of Prudential's Investment Bank. Dr. Caudill currently serves on the boards of VaxGen Inc., SCOLR Inc., MediQuest Inc., and Ramgen Power Systems, Inc., as well as number of not-for profit entities. He received a master's degree in Public and Private Management from Yale University and a doctoral degree from Oxford University where he was a Rhodes Scholar. | 