Mr Denis Hanley

Denis has been a successful angel investor, assisting the commercialization of several Australian technologies. Denis has extensive knowledge relevant to our Company, including of the life sciences industry of which our Company is a part, risk assessment, financial reporting experience and general management. Denis has served as a non-executive director since September, 2001 and is a member of the Audit & Compliance Committee.  Denis is a qualified accountant and company director with more than 35 years experience in the management of technology-based growth businesses, such as our Company. Denis has significant experience in developing and commercializing new technology based Australian corporations to become successful global entities.  His experience includes 14 years as chief executive officer of Memtec Limited, growing the start-up company to become an international force in filtration and separations technology, listed on the New York Stock Exchange.  Prior to this, Denis spent more than a decade at global medical company Baxter Healthcare, both in the U.S. and also as Australian Managing Director.  Denis has served on the Australian Industry Research and Development Board and various technology councils and roundtables.  Denis is a director and founder of PFM Cornerstone Ltd, a company which helps Australian technology businesses, which are predominately in the life sciences industry, commercialize their technologies. Denis is currently non-executive Chairman of Pharmaxis Ltd and CathRx Ltd, which are both life sciences companies, and until October 2007 was non-executive director of Lochard Ltd.  Denis holds an M.B.A. with High Distinction from Harvard Graduate School of Business, where he was named a Baker Scholar.