-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P+2C1xwEKF+s/o0/pikf9W1803O/+CAUDgkrAGRGwjdPP6JqpyPHfMfylMWhw9ax U1b20Kag7nFuaD37jkl4lg== 0001005477-02-002285.txt : 20020523 0001005477-02-002285.hdr.sgml : 20020523 20020523103536 ACCESSION NUMBER: 0001005477-02-002285 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020523 GROUP MEMBERS: ARIES SELECT DOMESTIC I, LLC GROUP MEMBERS: ARIES SELECT DOMESTIC II, LLC GROUP MEMBERS: ARIES SELECT, LTD. GROUP MEMBERS: PARAMOUNT CAPITAL ASSET MANAGEMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOR BIOPHARMA INC CENTRAL INDEX KEY: 0000812796 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 411505029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39976 FILM NUMBER: 02660551 BUSINESS ADDRESS: STREET 1: 28101 N. BALLARD DR. SUITE F CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 847-573-8990 MAIL ADDRESS: STREET 1: 28101 N. BALLARD DR. SUITE F CITY: LAKE FOREST STATE: IL ZIP: 60045 FORMER COMPANY: FORMER CONFORMED NAME: IMMUNOTHERAPEUTICS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ENDOREX CORP DATE OF NAME CHANGE: 19960916 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROSENWALD LINDSAY A MD CENTRAL INDEX KEY: 0000941841 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 375 PARK AVE STREET 2: SUITE 1501 CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 2128324366 MAIL ADDRESS: STREET 1: 375 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10152 FORMER COMPANY: FORMER CONFORMED NAME: ROSENWALD LINDSAY MD DATE OF NAME CHANGE: 19950316 SC 13D/A 1 d02-37451.txt AMENDMENT NO. 8 TO FORM SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 8) DOR BioPharma, Inc. ------------------- (Name of Issuer) Common Stock, par value $.001 per share --------------------------------------- (Title of Class of Securities) 258094101 --------- (CUSIP Number) Paramount Capital Asset Management, Inc. ---------------------------------------- Lindsay A. Rosenwald, MD 787 Seventh Avenue New York, NY 10019 (212) 554-4300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 22, 2002 ------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following page(s) Page 1 of 15 Pages CUSIP NO. 258094101 SCHEDULE 13D Page 2 of 15 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Lindsay A. Rosenwald, M.D. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3 below) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,296,615 -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,466,351 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 2,296,615 WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,466,351 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,762,966 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- CUSIP NO. 258094101 SCHEDULE 13D Page 3 of 15 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Paramount Capital Asset Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3 below) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER None -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,466,351 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,466,351 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,466,351 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- CUSIP NO. 258094101 SCHEDULE 13D Page 4 of 15 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Aries Select, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3 below) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER None -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 2,369,986 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,369,986 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,369,986 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- CUSIP NO. 258094101 SCHEDULE 13D Page 5 of 15 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Aries Select Domestic I, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3 below) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER None -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,076,081 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,076,081 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,076,081 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- CUSIP NO. 258094101 SCHEDULE 13D Page 6 of 15 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Aries Select Domestic II, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3 below) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER None -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 20,284 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 20,284 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,284 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- Page 7 of 15 Pages Item 1. Item 1. Security and Issuer. (a) Common Stock, $.001 par value ("Shares") Dor BioPharma, Inc. (the "Issuer") 28101 Ballard Drive, Suite F Lake Forrest, IL 60045 (847) 573-8990 Item 2. Identity and Background. Names of Persons Filing: (a) This statement is filed on behalf of Paramount Capital Asset Management, Inc. ("Paramount Capital"), Aries Select, Ltd., a Cayman Island exempted company ("Aries Select"), Aries Select I LLC ("Aries I"), Aries Select II LLC ("Aries II") and Lindsay A. Rosenwald, M.D. ("Dr. Rosenwald" and collectively, "Reporting Parties"). (b) Paramount Capital's, Aries I's, Aries II's and Dr. Rosenwald's business address is 787 Seventh Avenue, 48th Floor, New York, New York, 10019. The business address for Aries Select is c/o Fortis Fund Services (Cayman) Limited, P.O. Box 2003, British American Centre, Phase 3, Dr. Roy's Drive, George Town, Grand Cayman. (c) Dr. Rosenwald is an investment banker, venture capitalist, fund manager and sole shareholder of Paramount Capital, a Subchapter S corporation incorporated in Delaware. Paramount Capital is the managing member of Aries I and Aries II, each a limited liability corporation incorporated in Delaware. Paramount Capital is the Investment Manager to Aries Select, a Cayman Islands exempted company. The principal business of Aries I, Aries II and Aries Select is investment in securities. (d) Dr. Rosenwald, Paramount Capital, Aries I, Aries II and Aries Select and their respective officers, directors, general partners, investment managers, or trustees have not, during the five years prior to the date hereof, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) Dr. Rosenwald, Paramount Capital, Aries I, Aries II and Aries Select and their respective officers, directors, general partners, investment managers, or trustees have not been, during the five years prior to the date hereof, parties to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. (f) Dr. Rosenwald is a citizen of the United States. Page 8 of 15 Pages Item 3. Source and Amount of Funds or Other Consideration. Since the date of Amendment No. 7 ("Amendment No. 7") filed on December 30, 1999, the Issuer merged (the "Merger") with Corporate Technology Developments (`CTD"). Pursuant to the terms of the Merger, Dr. Rosenwald and certain entities controlled by Dr. Rosenwald received Shares. Item 4. Purpose of Transaction. The Reporting Parties acquired Shares as an investment in the Issuer. Although the Reporting Parties have not formulated any definitive plans, they may from time to time acquire, or dispose of, Shares and/or other securities of the Issuer if and when they deem it appropriate. The Reporting Parties may formulate other purposes, plans or proposals relating to any of such securities of the Issuer to the extent deemed advisable in light of market conditions, investment policies and other factors. The Schedule 14A filed by the Issuer on April 30, 2002, included, among other things, a proposal for reelection of the nine incumbent directors of the Issuer at the Annual Meeting of Stockholders to be held on May 23, 2002 (the "Annual Meeting"). On May 22, 2002, Dr. Rosenwald received a proxy request from Steven H. Kanzer ("Mr. Kanzer"), who, in his capacity as a shareholder, solicited Dr. Rosenwald's proxy at the Annual Meeting. Specifically, Mr. Kanzer requested that Dr. Rosenwald support an alternate slate of nine (9) directors which includes three (3) individuals that are not incumbent directors. After due consideration, Dr. Rosenwald has decided to execute the revocable proxy proffered by Mr. Kanzer. Except as indicated in this Schedule 13D, the Reporting Parties currently have no plans or proposals that relate to or would result in any of the matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) As of May 22, 2002, Dr. Rosenwald beneficially owned 5,762,966 Shares or 24.8% of the total amount of Shares outstanding assuming the exercise of all of the securities held by the following:
Percent Amount Owned ------- ------------ Aries Select 10.9% 2,214,493 Shares 155,493 warrants to purchase Shares Aries I 5.0% 996,215 Shares and 79,866 warrants to purchase Shares Aries II 0.1% 20,284 Shares
Page 9 of 15 Pages PCDDH(2) 2.4% 591,673 Shares June Street(2) 0.1% 12,560 Shares Huntington Street(2) 0.1% 12,560 Shares Dr. Rosenwald 24.8%(1) 163,320 Shares and 1,516,502 warrants to purchase Shares
(b) Dr. Rosenwald and Paramount Capital share the power to vote or to direct the vote, to dispose or to direct the disposition of those shares owned by each of Aries Select, Aries I and Aries II. (c) Other than the receipt of Shares released from escrow pursuant to the terms of the Merger, on or about April 3, 2002, which include 13,163 Shares received by Dr. Rosenwald directly, 1,102 Shares received by each of Huntington Street and June Street, and 131,277 Shares received by PCDDH and as otherwise set forth herein the Reporting Parties have not engaged in any transactions in Shares during the past 60 days. (d) Not applicable (e) Not applicable. - ------------------- 1. For purposes of this Regulation 13-D filing, Dr. Rosenwald's percentage calculation includes all of the securities owned by Paramount Capital, Aries I, Aries II, Aries Select, PCDDH, June Street and Huntington Street. Dr. Rosenwald disclaims beneficial ownership of any securities, including the Shares, not held directly for his account. 2 Dr. Rosenwald is also sole and managing member of Paramount Capital Drug Development Holdings, LLC ("PCDDH") and sole proprietor of each of Huntington Street Company ("Huntington Street") and June Street Company ("June Street"). Page 10 of 15 Pages Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer: Item 4 is herein incorporated by reference. Paramount Capital is the Investment Manager of Aries Select and the Managing Member of each of Aries I and Aries II and in such capacities has the authority to make certain investment decisions on behalf of such entities, including decisions relating to the securities of the Issuer. In connection with its investment management duties, Paramount Capital receives certain management fees and performance allocations from the Aries Select, Aries I and Aries II. Pursuant to the terms of the Merger certain Shares are currently being held in escrow and will be released upon the occurrence of certain events. Upon achievement of such milestones, the Issuer will issue additional Shares as follows: PCDDH: 91,101 Shares June Street: 1,012 Shares Hunting Street: 1,012 Shares Dr. Rosenwald: 13,163 Shares Mr. Steve Kanzer joined the Board of Directors of the Issuer in connection with the initial investment by the predecessors in interest to Aries Select, Aries I and Aries II. Dr. Rosenwald is also the Chairman and sole stockholder of Paramount Capital, Inc. ("PCI"), an NASD member broker dealer. PCI has acted as placement agent for the Issuer and has received certain fees for such services including warrants to purchase Shares. Item 7. Material to be Filed as Exhibits: Exhibit A - Copy of an Agreement between Dr. Rosenwald, Paramount Capital, Aries Select and Aries I to file this Statement on Schedule 13D on behalf of each of them. Exhibit B - List of executive officers and directors of Paramount Capital and information called for by Items 2-6 of this statement relating to said officers and directors. Exhibit C - List of executive officers and directors of Aries Select and Aries II and information called for by Items 2-6 of this statement relating to said officers and directors. Exhibit D - List of executive officers and directors of Aries I and information called for by Items 2-6 of this statement relating to said officers and directors. Page 11 of 15 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. PARAMOUNT CAPITAL ASSET MANAGEMENT, INC. Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC I, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC II, LLC By: Paramount Capital Asset Management, Inc. General Partner Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT, LTD. By: Paramount Capital Asset Management, Inc. Investment Manager Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D.
Page 12 of 15 Pages AGREEMENT JOINT FILING OF SCHEDULE 13D The undersigned hereby agrees to jointly prepare and file with regulatory authorities a Schedule 13D and any future amendments thereto reporting each of the undersigned's ownership of securities of DOR BioPharma, Inc. and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned. PARAMOUNT CAPITAL ASSET MANAGEMENT, INC. Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC I, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC II, LLC By: Paramount Capital Asset Management, Inc. General Partner Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT, LTD. By: Paramount Capital Asset Management, Inc. Investment Manager Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D. Chairman Dated: May 23, 2002 New York, NY By /s/ Lindsay A. Rosenwald, M.D. ------------------------------------------------ Lindsay A. Rosenwald, M.D.
Page 13 of 15 Pages EXHIBIT B The name and principal occupation or employment, which in each instance is with Paramount Capital Asset Management, Inc. ("Paramount Capital") located at 787 Seventh Avenue, 48th Floor, New York, New York, 10019, of each executive officer and director of Paramount Capital is as follows: PRINCIPAL OCCUPATION NAME OR EMPLOYMENT ---- ------------- Lindsay A. Rosenwald, M.D. Chairman of the Board of Paramount Capital Asset Management, Inc., Paramount Capital Investments, LLC and Paramount Capital, Inc. Mark C. Rogers, M.D. President of Paramount Capital Asset Management, Inc., Paramount Capital Investments, LLC and Paramount Capital, Inc. Peter Morgan Kash Director of Paramount Capital Asset Management, Inc., Senior Managing Director, Paramount Capital, Inc. Dr. Yuichi Iwaki Director of Paramount Capital Asset Management, Inc., Professor, University of Southern California School of Medicine Item 2. During the five years prior to the date hereof, none of the above persons (to the best of Paramount Capital's knowledge) was convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Items 3-6. Please refer to Items 3-6 herein reporting the beneficial ownership. Page 14 of 15 Pages EXHIBIT C The name and principal occupation or employment, which is located at 787 Seventh Avenue, 48th Floor, New York, New York, 10019, of the Managing Member of Aries I and Aries II is as follows: PRINCIPAL OCCUPATION NAME OR EMPLOYMENT ---- ------------- Paramount Capital Asset Management, Inc. Investment Manager Exhibit B is hereby incorporated by reference. Item 2. During the five years prior to the date hereof, the above person (to the best of Aries Domestic's knowledge) has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Items 3-6. Please refer to Items 3-6 herein reporting the beneficial ownership. Page 15 of 15 Pages EXHIBIT D The name and principal occupation or employment, which in each instance is with Aries Select, Ltd. ("Aries Select") located at c/o Fortis Fund Services (Cayman), P.O. Box 2003, British American Centre, Phase 3, Dr. Roy's Drive, George Town, Grand Cayman, of each executive officer and director of Aries Trust is as follows: PRINCIPAL OCCUPATION NAME OR EMPLOYMENT ---- ------------- Paramount Capital Asset Management, Inc. Investment Manager Fortis Fund Services (Cayman) Administrator Exhibit B is hereby incorporated by reference. Item 2. During the five years prior to the date hereof, neither of the above persons (to the best of Aries Select's knowledge) have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Items 3-6. Please refer to Items 3-6 herein reporting the beneficial ownership. -----END PRIVACY-ENHANCED MESSAGE-----