Future Directions

Global Pharmaceuticals Future Direction

We will continue our heavy investment in internal R&D effort to take full advantage of our core competency. We are aggressively looking at opportunities to acquire products, technologies or companies with strategic value to us. One of the objectives of business development activities is to expand our business into other dosage forms such as injectibles, creams and ointments, inhalers or patches. We are also exploring opportunities outside US to allow us to move into international markets.

Impax Pharmaceuticals Future Direction

We will continue to focus our effort on our internal R&D program while searching for additional growth opportunities. We are aggressively looking at collaborations in pipeline development and commercialization of internal R&D programs and acquisition of marketed products. All these opportunities are expected to provide near-term revenue, and also to benefit our long-term brand business strategy.