LINC

LINC PHARMACEUTICALS

                       Anti-fibroticTechnologies

...breakthrough technology and a proven business strategy...


Development Timelines

The following estimate of short-term and mid-term corporate milestones
is based on the current development status of the technology.  The actual
timing of each step will be dependent upon discussions with the FDA on
the variables and clinical indications that will be acceptable to the
Agency.  This model predicts that the LINC technology can be taken
through Phase-IIb clinicals in less than five years if previously tested
PTHrP or PPAR gamma compounds are developed for fibrotic disease.

Year
Expenses
Timeline
2004
$ 1.5 million
LINC Pharmaceuticals begins
2005
$2.7 million
LINC conducts R&D / P-I clinicals
2006
$ 4.8 million
LINC conducts Phase-II clinicals
2007
$ 6.6 million
LINC conducts Phase-II clinicals
2008
$ 8.5 million
LINC conducts Phase-II clinicals
2009
TBD
Corporate partner / Phase-III
2010
TBD
Corporate partner / Phase-III
2011
TBD
Corporate partner / Phase-III

Abbreviated Drug Development Timelines

Anticipated Expenses vs. Timelines