EIGA PHARMA RESEARCH AND IP AUDIT 2008

The methodology would comprise:-

–a detailed world-wide patent search for patents owned by the company/individuals in question;

–a detailed world-wide patent search of the technology in question;

–a review of the documents supplied (following supply of detailed questionnaire);

–a review of all relevant patents; and if the patents are not yet granted, an assessment of likelihood of grant of the applications; and

–a search and review of other patents in the same territory with a view to assessing whether there are other significant patent holding companies that may be in competition.

The patent evaluation report would cover areas such as:

–Executive summary

–Review of the patents

–Review in particular of the claims

–Any additional prior art

–Common and general knowledge

–Novelty and inventive step

–Sufficiency

–Competition

–Conclusion

–Recommendations

Due Diligence - this would depend on investor requirements.

We would conduct a technical and/or legal due diligence of the technology as follows:--

–To provide a review of all technical claims with regards to the nano particle magnetic separator and application of protein complex for cancer treatment and diagnostics.-

–Verification of the method(s) of manufacture

–An assessment of any viable competition within the same field

–Review and evaluation of all other intellectual property rights

–An assessment of the company and management, quality, formulation, manufacturing process, if any competitors (their patents), source and suppliers of any raw materials etc

–The methodology would comprise the preparation of a detailed questionnaire and conducting the requisite searches and at some stage a meeting with the key scientists (if possible).

–We may have to prepare second and third questionnaires to elicit all the information in order to prepare a very comprehensive report.