Fall 2012 issue of Horizons

Life Sciences Deals by Type

Later Stage VC 23.29% Corporate Acquisition 7.79% Early Stage VC 38.84%

PIPE 4.47%

Seed 4.09%

Buyout/LBO 3.62%

Add-On 3.07%

Grants 2.74%

Growth/Expansion 2.32% IPO 2.49%

Corporate Divestiture 1.18% Secondary Offering 1.68% Merger 1.01%

Acquisition Financing 0.55%

Angel 0.42% Management Buyout 0.42% Corporate 0.55%

Recapitalization 0.42%

Asset Acquisition 0.29%

0% 1% 2% 3% 4% 5% 6% 7% 8% 23% 24% 25% 38%

40% 39%

RubinBrown’s Life Sciences Services Group RubinBrown provides specialized accounting services to human health, animal health science, plant science and renewable energy entities across the country.

Steve Hays, CPA – St. Louis Partner-In-Charge Life Sciences Services Group 314.290.3336 steve.hays@rubinbrown.com

Todd Pleimann, CPA – Kansas City Managing Partner, Kansas City Office 913.499.4411 todd.pleimann@rubinbrown.com

Felicia Malter, CPA – St. Louis Partner Life Sciences Services Group 314.290.3249 felicia.malter@rubinbrown.com

Rodney Rice, CPA – Denver Partner Life Sciences Services Group 303.952.1233 rodney.rice@rubinbrown.com

www.RubinBrown.com | page 27