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Frederick Craves Ph.D. served as vice chairman of the Board of Directors from March 2003 to May 2004 and Chairman of the Board from July 1992 to March 2003. Dr. Craves is the founder and Managing Director of Bay City Capital where he also serves as chair of the Executive Committee and is a member of the Board of Directors. Before founding Bay City Capital Dr. Craves spent over 20 years leading and managing biotechnology and pharmaceutical companies. Previously he was Executive Vice President of Schering Berlin and Chief Executive Officer and President of Berlex Biosciences a research development and manufacturing organization. Dr. Craves was also the founding Chairman of the Board and Chief Executive Officer of Codon and co-founder of Creative Biomolecules. He previously served as a director of Medarex Inc. and Incyte Corporation. Dr. Craves is currently a member of the board of directors of BioSeek Inc. Ponaird Pharmaceuticals and VIA Pharmaceuticals and is Vice Chairman of Reliant Pharmaceuticals. He also serves as a member of The J. David Gladstone Institute's Advisory Council and is a member of the Board of Trustees of Loyola Marymount University in Los Angeles. Dr. Craves earned a BS in Biology from Georgetown University and a PhD in Pharmacology and Toxicology from the University of California San Francisco. | 