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1 SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. 1

2 2

3 CONTENTS CFO CEO... Translational Translational 3

4 CFO 4

5 20 3 P/L ,289 19,500 19,647 +2, ,125 1,453 1, ,029 1,300 1,

6 20 3 P/L 17,289 19, % +2,358 10,590 11, % +1,368 6,699 7, % % 5.3% - 0.6% 5,573 6, % ,125 1, % ,029 1, % % % % 39.1% % 32.2% 31.1% - 1.2% 6.5% 8.1% % / 6

7 15 3 4,494 3,040 3,036 10, ,001 3,571 4,964 13, ,133 4,264 5,258 14, ,255 5,941 3,535 15, ,559 6,514 5,492 18, ,590 8,965 5,338 22, ,000 10,000 15,000 20,000 25,000 7

8 P/L 19,647 21, % 24, % 28, % 1,586 1, % 1, % 3, % 1,049 1, % 1, % 3, % % % 1, % 8

9 1 P/L 3 19,647 28, % +8, ,958 16, % +4,554 7,688 11, % +3,800 6,103 8, % +2,185 1,585 3, % +1,615 1,049 3, % +1, , % +2, , % % 41.0% % 31.1% 29.6% - 1.5% 8.1% 11.4% % 5.3% 10.7% %

10 1,586 1, % 1, % 3, % , % % 1, % 1,955 2, % 2, % 4, % 10

11 CEO 11

12 12

13 <> / / / SPF/ / / 27,111 89,624 7,916 26,167 13

14 <> 1 3 ( 7,810.3 ) (30 ), (3 ) 2(09 ) 3 ( 1 ) 14

15 ...,. < > 2 ( 4,320 ; ) (10 ) 2(

16 12,986 6, $2.5M 3 4 API

17 .. Translational 17

18 +US) Seeds CRO +US) 18

19 Combination Product + 19

20 FDA P1 P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA 20

21 10 mcg/kg TRG 0.5 mg TRG 1.0 mg TRG 2.0 mg

22 : ( ) 22

23 FDA P1 P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA IND P1 FDA P2 FDA P3 NDA 23

24 Global Industry Analysis, Inc. Intranasal Drug Delivery: A US Market Report June

25 / PTH1-34 Peptide YY3-36 Gn RH IL-10 / / / / / / / B12 25

26 , 2005, % 40% 3, Medical Letter, ML, Medlet Japan KK. 26

27 3 2,600 (2006), 2005, % 51% 3,100 2, Market research of migraine 2006, Spectrum 27

28 , 2005, % 5% 7% 5 9,200 Investor update 2007, ORx Pharma. 28

29 2 4,600 (2006) 3(2007 ) / / 10 % 20 %, %, th IDF MeetingMedical Letter, ML, Medlet Japan KK. 2 29

30 .. Translational 30

31 Combination Product + 31

32 (GRAS) Phase A B C 32

33 Fit-lizer

34 34

35 35

36 : 1000 (ng/ml) : 30 : 70 % (1.00 mg/kg, n=4) (0.99 mg/kg, n=4) SD hour 36

37 : (ng/ml) TRG 2.0 mg TRG 1.0 mg TRG 0.5 mg (hour) 30 37

38 : 2 -AUC (ng/ml) AUC (ng h /ml) S.D. (N=8) (mg) 0 S.D. (N=8) (mg) 38

39 : (10 mcg/kg) 100 TRG 1.0 mg (ng/ml) : 20 : 100 % 1 S.D. (N=8) S.D. (N=8) (hour) (hour) 39

40 : 4 TRG 40

41 A B C A PK Output

42 42

43 43

44 10000 (ng/ml) % (hour) 13 % 44

45 : : : 45

46 IgA 46

47 47

48 48

medical product information 74

medical product information 74 73 medical product information medical product information 74 75 medical product information 76 medical product information 77 medical product information 78 medical product information 79 medical product

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