Significant Market Opportunity

($ in billions)

Source: Wall Street Equity Research.

‘01 – ’05: 13.5% CAGR

• Global R&D growing at ~11%

• Outsourcing market growing at ~13.5%

Our market opportunity: global outsourced R&D

Global Outsourced R&D

‘01 – ’05: 13.5% CAGR

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