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The portfolio companies (“Portfolio Companies”) listed above in “Core Portfolio” were selected by Ally Bridge Group (“ABG”) based on objective, non-performance based criteria in order to illustrate ABG’s investment process and/or market outlook. The Portfolio Companies were not chosen to demonstrate the profitability of ABG’s investment portfolio or the performance of any other investments in ABG’s investment portfolio. The Portfolio Companies do not represent all of the securities or companies purchased, held, sold, or recommended by ABG. The reader should not assume that ABG’s investment in the Portfolio Companies was or will prove to be profitable, or that the investment recommendations or decisions that ABG makes in the future will be profitable or will equal the investment performance of the Portfolio Companies.