MLV & Co. Disclosures

Affymax Inc.
MLV or any affiliate expects to receive or intends to seek compensation for investment banking services from Affymax Inc. in the next three months.

BioCryst Pharmaceuticals Inc.
MLV or any affiliate expects to receive or intends to seek compensation for investment banking services from BioCryst Pharmaceuticals Inc. in the next three months. MLV or any affiliates in the past 12 months managed or co-managed a public offering of securities for BioCryst Pharmaceuticals Inc.

Ligand Pharmaceuticals, Inc.
MLV or any affiliate expects to receive or intends to seek compensation for investment banking services from Ligand Pharmaceuticals Inc. in the next three months.

NPS Pharmaceuticals Inc.
MLV or any affiliate expects to receive or intends to seek compensation for investment banking services from NPS Pharmaceuticals Inc. in the next three months.