Toyobo Biologics Inc.
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PBI Consulting Group
Personnel
a. Shin Shimizu, Ph.D. (President of Toyobo Biologics Inc. and Advisor to Pharmaceuticals Operations Division of Toyobo Co. Ltd.)

Dr. Shimizu was previously General Manager of Pharmaceuticals Operation Division of Toyobo and the Deputy Director from September 2000 to March 2004. He is a molecular biologist by training, and participated in the molecular cloning of a number of important drug targets, including acetylcholine receptor, sodium channel, HGF CRF, SCGF and others. He was also directly engaged in the IND and NDA application filed by Toyobo on two recombinant protein drugs (t-PA and EPO) in Japan. Dr. Shimizu is now the councilor of the Japanese Association for Animal Cell Technology, and was the director of the Japan Human Sciences Foundation for five years until March 2004. He has significant knowledge and experience in the development and manufacturing of protein drugs using recombinant mammalian cell culture, and has established a wide personal network within the Japanese pharmaceutical industry, particularly within biopharmaceutical divisions, as a result of marketing Toyobo’s and TBI ’s contract manufacturing businesses for more than ten years.
 
b. Shigeyasu Mannen, Ph.D. (Advisor to TBI Biologics Inc.)

Dr. Mannen was previously Deputy General Manager of Pharmaceutical Development Division of Toyobo and Head of Pharmaceutical Planning Department. Dr. Mannen was responsible for assessing in-licensing opportunities for recombinant protein drug candidates internationally, and was also directly engaged in recombinant drug development internally as a research group leader. As a result, he has significant experience in working with Japanese regulatory authorities, and in a variety of legal matters. Dr. Mannen was also Head of Boehringer Ingelheim Japan’s Research Institute for six years, and during this period obtained Japanese NDA approval of four new drugs and two line extensions. Dr. Mannen has developed an extensive knowledge of drug development, including recombinant protein drugs, during his long and successful career, and maintains relationships with senior officials in both the Japanese pharmaceutical industry and regulatory agency.
 
c. BioPharma Services, Inc. (US-based partner of PBI Consulting Group)

BioPharma Services, Inc. (BPSI) is a Boston-based consulting firm that provides a range of business development, operational, and financial services to small and medium-sized biotechnology companies. The two principles of BPSI, Dr. Nancy Hsiung and Charles Keough, each have over twenty years of experience in the healthcare industry, and have worked closely with a number of early-stage and venture-backed biotech companies. Both Dr. Hsiung and Mr. Keough also have extensive experience working with the Japanese pharmaceutical industry. From 1990 - 1996, Dr. Hsiung was responsible for strategic planning and technology assessment for Toyobo’s biopharmaceutical division in the US. Mr. Keough was a senior consultant in the cross-border strategic advisory group at the Nomura Research Institute in Tokyo from 1990-1993, and the Investment Manager for Life Sciences for JAFCO America Ventures in New York from 1994-1997.

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