PharmaTelevision Appoints Managing Director

OXFORD, England, March 29, 2010 - PharmaVentures, the global corporate advisory serving the biotechnology
and pharmaceutical industry, is pleased to announce the appointment of Anne
Vindenes Allen as Managing Director of its new subsidiary, PharmaTelevision
Ltd.

PharmaTelevision is the leading television company dedicated to assisting
biopharma companies in their business information and communication needs. In
addition to its Premium Content subscription service that delivers a daily
news and analysis programme, the channel announced earlier this month new
services to meet the growing demand for online video communications.

Mrs Allen, an online media specialist, has held a number of senior
positions within scholarly and business publishing before joining
PharmaVentures in 2008 as Chief Operating Officer for PharmaDeals(R),
PharmaVentures' B2B publishing division. Mrs Allen comments, "I'm delighted
to be working with such a talented team of television professionals. My task
is to bring tried and tested online publishing principals to bear to grow the
business. Online video publishing has undoubtedly come of age - and
PharmaTelevision is right there at the forefront".

CEO of PharmaVentures and Chairman of PharmaTelevision Ltd, Fintan
Walton, says, "We're pleased Anne will take PharmaTelevision to the next
level. PharmaTelevision is set to become the most powerful medium for
communication in our industry. And now, with a highly influential audience
watching daily, we have a unique opportunity."

PharmaDeals and its associated publications will continue to be produced
within PharmaVentures Ltd.

Notes to Editors:

PharmaVentures(R) (www.pharmaventures.com) is a leading
international corporate advisory firm supporting its clients' growth
ambitions in the health care industry. It comprises two divisions:
PharmaVentures Corporate Advisory and PharmaVentures Business Media which
produces the highly popular PharmaDeals(R) range of intelligence products
including analysis tools and reports as well as the world's first dedicated
online pharmaceutical television channel PharmaTelevision(R).

PharmaTelevision (www.pharmatelevision.com) is the groundbreaking
online TV channel for the biopharma industry, offering daily television news,
analysis and feature interviews with industry leaders. Since May 2006, it has
rapidly grown and the channel now boasts a global audience of 10,000+ viewers
including top industry executives.

PharmaTelevision is produced by professional television industry experts
using professional studios worldwide as well as its own studios in Oxford,
England. PharmaTelevision News is a daily 'must see' news service broadcast
worldwide.

Now in its 12th year, PharmaVentures is based in Oxford, UK, employs over
30 people, many educated to PhD level. It is active worldwide, including the
USA and AsiaPacific. The company works for a variety of clients from
start-ups to global pharmaceutical corporations, their advisors, investment
companies and governments.

    For further information please contact:

    Lisa Holloway
    Marketing
    +44(0)1865-332716
    lisa.holloway@pharmaventures.com

For further information please contact: Lisa Holloway, Marketing, +44(0)1865-332716, lisa.holloway at pharmaventures.com