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John K.A. Prendergast, Ph.D., has served as a director of the Company since December 1992, and since September 2004 has served as our Lead Independent Director. From December 1992 to March 1996, Dr. Prendergast also served as a Vice President and the Treasurer of the Company. Dr. Prendergast is the President of SummerCloud Bay Inc., a consulting firm providing services to the biotechnology industry he founded in 1993. Dr. Prendergast is currently chairman of the board of directors of Palatin Technologies, Inc. and AVAX Technologies, Inc., both of which are biopharmaceutical companies. Dr. Prendergast also serves as a director of MediciNova, Inc., a biopharmaceutical company, and is currently serving as the executive chairman of the board of directors of Antyra, Inc., a privately held biopharmaceutical company. Dr. Prendergast received M.Sc. and Ph.D. degrees from the University of New South Wales, Sydney, Australia, and a C.S.S. in administration and management from Harvard University.