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Market Opportunities

FOCUS ON CANCER AND HIV
Argos’ initial focus is on cancer and HIV. Argos’ personalized immunotherapeutics are applicable to nearly all cancers, including hematologic malignancies, and to the majority of new cancer patients.

Global sales of cancer agents in 2005 exceeded $20 billion; these sales are expected to double by 2011. These figures do not include products used for adjunct, supportive care treatments, which account for another $12.5 billion. Treatments for HIV, which consist primarily of highly active anti-retroviral therapy, presently represent a commercial market in excess of $5 billion.

Argos’ personalized immunotherapeutic approach could enable a more effective and potentially safer treatment option to a large percentage of patients around the globe. The Company estimates that a personalized immunotherapeutic product to treat cancers and/or HIV could have multi-billion dollar revenue potential.

FOCUS ON OTHER INFECTIOUS DISEASES
Beyond HIV, Argos’ patented technology offers the potential to create personalized immunotherapies for other infectious diseases resistant to current therapies. Chronic infections such as hepatitis C (HCV) represent some of the largest and most significant areas of unmet medical need.

FOCUS ON TRANSPLANTATION AND AUTOIMMUNE DISORDERS
Through its proprietary knowledge of dendritic cell behavior, Argos has recognized potential applications for other disease areas. Argos is developing soluble CD83 protein as a novel first-in-class therapy to prevent transplantation rejection and treat certain autoimmune diseases. According to the Organ Procurement and Transplantation Network, about 25,000 organ transplants take place per year. The rate of transplant rejection varies by organ and ranges from 30 to 60 percent, creating a considerable need for effective prevention and treatment. Current transplant rejection treatment includes immunosuppressive agents with heavy side effects. In contrast, Argos’ CD83 protein selectively blocks immunoresponse without causing total immunosuppression. In addition to transplantation rejection, CD83 is potentially a treatment for a number of autoimmune diseases, including multiple sclerosis and diabetes, for which there are large unmet medical needs.