OVAGEN - THE COMPANY

The Ovagen team has a wealth of experience. Our Research and Development team have 100 years of combined life-sciences related R&D experience. Our CEO's previous venture was sold in 2002 to Charles River Laboratories Inc and our Operational team has a combined 75 years of life-science related experience.

• Ovagen is a biotechnology company that has developed a process of producing germ free (GF) chicken eggs and GF birds in commercial quantities for use primarily in the pharmaceutical industry.

• Ovagen has received patent protection in both Europe and the US for the process by which it produces GF eggs and further patent approvals are pending.

• The Company has achieved proof of concept (GF chickens have been bred through 3 generations) and funds have been raised for the construction of a production facility which will be used to produce the initial flocks of GF birds (for subsequent expansion into new large-scale GF facilities) and GF eggs, initially for customer validation.

• To produce GF eggs on a large-scale, Ovagen will use sterile manufacturing technologies as developed in the pharmaceutical industry in conjunction with biosafety decontamination techniques and best-practice poultry husbandry methods.

• GF eggs will be available from 2011.

• The Company intends creating a facility that will have the capacity to produce more than 3 million eggs per annum by 2013.

• The methods used by Ovagen are covered by significant IP protection including granted patents

THE MANAGEMENT TEAM

Leonard Moran (Dip. Ag. Sci., F.I.Biol., F.I.A.T., A.I.S.T.).
Chief Executive Officer
Leonard has led the business since inception and was the primary driver of the development of the Ovagen process to produce GF eggs. Prior to establishing Ovagen, Leonard founded Biological Laboratories Europe Limited (Biolabs). Leonard has amassed a wide range of GF technology skills and these have enabled him with the others in the management team to perfect the Ovagen process. Prior to founding Biolabs, Leonard spent 8 years with the British Medical Research Council (MRC) from 1968-76 where he focused on clinical research and specifically breeding SPF animals. In addition he has a wealth of practical operational and construction experience associated with biological facilities.

Tim Rowan (B.V.Sc., Ph.D., M.R.C.V.S., C.Biol., M.I.Biol.).
Chief Technical Officer
At Ovagen, Tim is responsible for leading the technical and scientific development of the business. He has worked closely with Leonard Moran to develop the technology necessary to produce GF eggs in sustainable commercial volumes. Tim trained as a veterinarian and has more than 30 years experience predominantly in R&D. He retired from Pfizer Limited in 2007, where he had spent 15 years, most recently as Senior Director of Pfizer's Global Alliances Animal Health group. While at Pfizer, he had a number of increasingly senior roles, both managerial and technical. He had pivotal roles in the successful launch of 6 major animal health products and took them from discovery through product development and registration to successful market launches, each with sales in excess of $100 million p.a. Prior to Pfizer, Tim held senior positions at the Veterinary Faculty in the University of Liverpool (1979 - 1991) and with the Agricultural Research Council (1978 - 1979). He has more than 80 scientific publications

Dr. Catherine Caulfield (B.Sc., Ph.D., HDE, MBA, C.Biol., F.I.Biol)
Chief Operations Officer
Catherine is responsible for spearheading the operational development of the business at Ovagen. Her business acumen has guided the company through its earlier research stages and now plays a key role in commercialization. Catherine, with Leonard Moran, was the co-founder of Biological-Laboratories Europe Limited (BioLabs). In BioLabs Europe with a team of enthusiastic, committed and professional staff, Catherine spearheaded the development of the company. She held management positions ranging from Quality Manager to CEO, a position she enjoyed for 14 years. As CEO, BioLabs revenue increased by over 800% and when the company was sold in 2002, Catherine was pivotal in the successful integration of the new structure, having responsibility for the strategic, financial and operational leadership of the business. Dr. Caulfield has held many Board Memberships including the West Regional Board of Enterprise Ireland, The Irish National Accreditation Board (INAB), The National Standards Authority of Ireland (NSAI), and The Irish Council for Science Technology and Innovation (ICSTI). In 2009, she was appointed to the Governing Authority of the National University of Ireland, Galway and was a recipient of NUI Galway's prestigious Alumni Award for Natural Science, acknowledging her demonstrated excellence in the field of natural science industries.

Adrian Gallagher, (B.Comm, MBS - Finance, ACA, Dip IFRS)
Chief Financial Officer
At Ovagen, Adrian is responsible for all financial controls, treasury, tax compliance, financial planning and cost management. Prior to working at Ovagen, he was the Group Financial Controller with Aryzta AG (formerly IAWS Group Plc) reporting to the Chief Financial Officer, a position he held from 2004-2008. Adrian has previously held financial controller and senior finance management positions with a number of publically quoted multinationals including Glanbia, Quarterdeck, Hagemeyer and Cuisine de France.

NEW FACILITIES

New Facilities (2500msq)

• First generation germ-free flocks
• Isolators, Incubators
• Laboratories
• Pilot scale (25%) commercial production
• R&D
• Head Office

Lower Floor Provides:

• SPF flocks
• Large Germ-Free (GF) Isolators
• GF suite for flock of 1000 birds
• GF 'space' suits & decontamination showers
• GF feed handling
• GF egg collection & packaging

Upper Floor Provides:

• SPF showers
• Incubating/Hatching Isolators
• Transport Isolators
• Laboratories & QA
• Head Offices
• Site BMS & IT facilities