Microsoft PowerPoint Presentation

9/23/2003

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Table of Contents

Highlights (cont’d)

Oral PTH 1-34 (teriparatide)

Oral Salmon Calcitonin

Phase IIa Data Summary: Oral Salmon Calcitonin

Oral rhGH (somatotropin)

Oral Delivery of rhGH with eligen™ Technology N = 9 Subjects

Emisphere’s Oral Insulin Product Candidate

Development Progress

Insulin Gets to the Liver First:Portal Delivery of Pancreatic Insulin

1st Phase Insulin Release: Abnormalities in Type 1 and Type 2 DM

Fasting AM Plasma Glucose

Fasting AM Plasma Insulin

Fasting AM Plasma C-Peptide

Heparin Solid Formulation

PROTECT Trial Data

Analysis Presented at ASH

EMIS Portfolio Approach: Feasibility Roadmap

Feasibility Process Map

Case Study: PYY3-36

Building Our Future

Author: Shepard M. Goldberg