Safe Harbor

12/31/2003


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Table of Contents

PPT Slide

Safe Harbor

ArQule Profile

ArQule’s Portfolio

The ArQule Advantage

Oncology Opportunity

The Goal of Activated Checkpoint TherapySM (ACTSM ):

The normal cell cycle:

The cancer cell cycle:

ACTSM aims to restore proof-reading to cancer cells:

ACTSM - More Selective than Chemotherapy

E2F Mechanism Summary

ARQ 501: Broad Spectrum & High Potency

ARQ 501: Demonstrated Efficacy in Animal Models of Human Cancer

ARQ 501: Safety Margin in animal models

ArQule’s Lead Anti-Cancer Compound ARQ 501

Clinical Development:ARQ 501 Phase 1 Trial

Centers of Excellence/Investigators

ACTSM Platform: Multiple Drug Targets

p38 MAP Kinase Inhibitors Program for Rheumatoid Arthritis (RA)

p38 MAP Kinase ProgramValidates ArQule Drug Discovery Approach

Early Animal Data: Effects of p38 Compound in RA Model - Ankle Diameter Reduction

Histopathology: Normal Ankle Joint

Vehicle-Treated Ankle Joint - Arthritic Rat

Ankle Joint of Arthritic Rat treated with ArQule p38 MAP Kinase compound (30mg/kg BID)

PPT Slide

ArQule Financials

Milestones 2003

ArQule Profile

Author: Devine