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Sandoz

Executive Summary

Completes purchase of 1.98 mil. shares of newly-issued SyStemix stock at $56 per share. The purchase is in addition to the $280.8 mil. Sandoz will pay for 60% of the stem cell and megakaryocyte company and was part of the original acquisition agreement ("The Pink Sheet" Dec. 23, p. 1). Sandoz also names six members to the SyStemix board of directors: Sandoz Pharma chairman Max Link, PhD; corporate R&D head Stefan Guttmann; Vice Chairman and CEO of Sandoz Corp. Daniel Wagniere; Sandoz Research Institute President Robert Levy, MD; SRI Senior VP-Preclinical Research Jurg Meier, PhD; and the CEO of Sandoz' Austrian Research Institute Peter Dukor, MD.

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