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Year in Review

More 2010 Results: ProChon Biotech

PROCHON BIOTECH
* Focused on modulating fibroblast growth factor to create solutions for tissue regeneration
* Announced intent to merge with Histogenics, combine ProChon’s cell therapies with Histogenics’ tissue engineering platform
* In final stages of Phase II U.S. clinical trial for BioCart Cartilage Regeneration System; Phase III to begin in 2011 with 245-patient superiority study at up to 24 sites, endpoint 12 months
* Post-merger, plans to recapitalize via Series A round of financing, to raise $24MM