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It Takes Good

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The Company does not expect to update forward-looking statements continually as ... It's not worth having a Nobel Laureate on your SAB for window dressing. ... – PowerPoint PPT presentation

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Title: It Takes Good


1
AnorMED Inc
It Takes Good
Chemistry
2
This presentation contains forward-looking
statements which involve known and unknown risks,
uncertainties and other facts which may cause the
actual results, performance or achievements of
the Company, or industry results, to be
materially different from any future results,
performance or achievements expressed or implied
by such forward-looking statements. The Company
does not expect to update forward-looking
statements continually as conditions change.
Investors are referred to the full discussion of
risk factors associated with the Companys
business contained in the Companys Annual
Information Form filed with securities regulatory
authorities dated August 17, 2001.
3
Scientific Advisory Board (SAB)
Purpose
  • Panel of outside experts to help with the
    Company's Research Development effort.
  • Provide Board of Directors and Management a
    reality check on Company's progress.

4
Scientific Advisory Board (SAB)
Selection
  • External scientists (usually academic) with
    expertise useful to aspects of the Company's
    program.
  • Beware of "Harvard phenomenon" i.e. select
    people who will actually show up and help you.
  • It's not worth having a Nobel Laureate on your
    SAB for window dressing.
  • SAB should not be static -- Should change as
    Company's interests change.

5
Scientific Advisory Board (SAB)
Interaction
  • Should be able to call on SAB periodically for
    information/advice.
  • Ideally SAB members funnel useful
    suggestions/contacts to the company.
  • One or more SAB meetings per year.

6
Scientific Advisory Board (SAB)
Meeting
  • AnorMED has one per year.
  • All day event. All staff invited.
  • Good learning opportunity for Board of Directors
    and staff.
  • SAB meets after meeting to review and summarize.
    SAB chairman sends conclusions to Board of
    Directors.

7
Scientific Advisory Board (SAB)
Compensation
  • Stock options.
  • Per meeting stipend/expenses.
  • SAB members sign confidentiality agreements with
    Company.
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