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Richard Wallace, B.Com. (Hons), joined as a director of the Company in March 2006.  Mr. Wallace has fifteen years experience at GlaxoSmithKline (GSK) starting in 1992, spanning roles from Vice President Commercial (Canadian Pharmaceuticals), Vice President U.S. Business Development, Vice President Sales & Marketing (U.S. Oncology and HIV), Vice President Clinical Development and Product Strategy, to Senior Vice President Global Commercial Strategy. He served as a member of GSK's Research and Development Executive, Commercial Operations Committee and Product Management Board. His experience prior to joining GSK includes 8 years with Bristol Myers Squibb and 7 years at Johnson & Johnson in assignments from marketing, sales, manufacturing and general management. Mr Wallace currently serves on the board of directors of ImmunoGen Inc and Clinical Data Inc.

Mr. Wallace received B.Com. and B.Com.Honors degrees from Rhodes University, South Africa.