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J.P. Morgan Host: Anupam Rama SMid Biotech Equity Analyst Disclaimer: This conference call, as well as the Q&A, is being recorded and will be available to clients of JP Morgan. Parts of this conference call may also be reproduced in J.P. Morgan research. Unless otherwise permitted by internal J.P. Morgan policy, members of J.P. Morgan Investment & Corporate Banking are not permitted on this call and should not continue registration. Press participants are also not permitted to register and should not join this call. Views and opinions expressed by any external speakers on this call are those of the speakers and not of J.P. Morgan.