2005 Sales Guidance

2005 Sales growth expected to be in a range of 48%-52%



• Backlog will not be available until we report 4Q04

Assumptions:

• Continued growth in R&D spending and outsourcing

• Inveresk consolidation for full year

• Pricing adds approximately 3%

• FX adds 1%-2%

• 12%-13% growth excluding Inveresk

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