Our first Phase II data presentation in Berlin in Q2 was well

Another opportunity for value creation of Actelion’s capacities are another oral antibiotic in (inaudible) disease related infection. Our first Phase II data presentation in Berlin in Q2 was well received and we are now in the process to initiate the Phase III with first patient enrolment in this Phase III before the end of the year. In the field of S1P receptor moderators we are reviewing our development strategy for immunological disorders on the basis of encouraging data obtained with our follow up compound.

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