Company Interview Excerpt PAUL CLARK - ICOS CORPORATION (ICOS) Full article published: 9/14/2001     For Subscribers Get this article online now! Order just this article Get Financial Filings and Annual Reports for Companies featured on TWST from EasyReports.net TWST: Could we start out with a general overview and summary of your background and ICOS Corporation? Mr. Clark: ICOS is a product-driven biotech company dedicated to bringing novel and effective drugs to market that meet significant and unmet medical needs. We've spent the past decade building a highly credible and committed research and development organization, and we now are at the most exciting time in the history of the company. With three late-stage products moving steadily through the product pipeline ' and more in research and development ' ICOS is strategically poised to become a strong and successful commercial organization. It's difficult enough to get one product to pass all the hurdles to advance to late- stage human testing, and we have three. Another milestone we met in June 2001 is filing our first NDA (new drug application), along with our partner Eli Lilly, for Cialis_, a drug for treating erectile dysfunction. This takes ICOS from a research organization to a fully integrated company, which is a major step for any biotech company. I came to ICOS in June 1999 as Chief Executive Officer, and assumed the role of Chairman in February 2000. Prior to that, I was an Executive Vice President at Abbott for 14 years, responsible for three of its businesses and a member of the Board of Directors. Before Abbott, I worked at Marion Laboratories and Sandoz, which is now Novartis. So, all told, I've been in the industry now for approximately 30 years. TWST: What is the cash/capital situation at this point? Mr. Clark: We stated publicly last year that we would probably need to do one more round of financing before becoming cash flow positive. We currently have approximately $200 million in cash. We filed a $300 million shelf about a month ago, which represents about 10% of our capitalized value. We see our cash needs beyond that as being modest. Tickers included in this excerpt: ICOS Have TWST notes emailed to you free: Email address: For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

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