Partnerships and collaborations are important components of our strategy. Our business development team with deep scientific insight, landscape overview, financial sense, and alliance management expertise, is actively looking for all kinds of collaboration opportunities including license-in, license-out, co-development around world. We hope to combine with our drug discovery, translational medicine, clinical development, registration and commercialization expertise, to achieve mutually beneficial goals. Our previous successful partnership experience makes us a trusted partner of choice.