Montreux’s portfolio of investments demonstrates the Firm’s commitment to its investment strategy and philosophy of focusing on product based therapeutics companies pursuing capital efficient business plans. We are quite proud of our portfolio companies and we are pleased with the working relationships that we have developed with board members and management teams.

ARYx Therapeutics, Inc.
ARYx Therapeutics (Fremont, CA) is a pharmaceutical company focused on research, development and commercialization of therapeutics using a “retrometabolic approach” of redesigning old drugs to improve safety.

www.aryx.com

Asthmatx, Inc.
Asthmatx (Mountain View, CA) is a medical device company focused on developing interventional devices for minimally invasive treatment of patients with asthma.

www.asthmatx.com

Avantis Medical Systems
Avantis Medical Systems, (Sunnyvale, CA) is a medical device company founded to develop and manufacture catheter-based endoscopic devices. Its initial focus is on devices for use in both detecting and treating cancers of the gastrointestinal (GI) tract.

www.avantismedical.com

Avera Pharmaceuticals, Inc.
Avera Pharmaceuticals (San Diego, CA) is a pharmaceutical company focused on the licensing and development of neuroscience therapeutic products.

www.averapharm.com

Bayhill Therapeutics, Inc.
Bayhill Therapeutics (Palo Alto, CA) is a biotechnology company focused on novel therapeutic approaches to treat autoimmune diseases.

www.bayhilltherapeutics.com

Cerexa, Inc.
Cerexa (Alameda, CA) is a pharmaceutical company focused on developing, acquiring and commercializing hospital-based anti-infective therapies for the treatment of patients with serious, life-threatening infections. Cerexa was acquired by Forest Laboratories (NYSE: FRX).

www.cerexa.com

Coalescent Surgical, Inc.
Coalescent Surgical (Sunnyvale, CA) is a medical device company focused on developing and commercializing a product for the rapid attachment of blood vessel grafts for coronary artery bypass graft surgery and peripheral vascular surgery. Coalescent Surgical, Inc. was acquired by Medtronic, Inc. (NYSE: MDT).

www.medtronic.com

Enteric Medical Technologies, Inc.
Enteric Medical Technologies (Foster City, CA) is a medical device company focused on developing an FDA-approved polymer injection for the treatment of gastroesophageal reflux disease (GERD). Enteric Medical Technologies, Inc. was acquired by Boston Scientific Corporation (NYSE: BSX).

www.bostonscientific.com

Glaukos Corporation
Glaukos Corporation (Laguna Niguel, CA) is a medical device company focused on developing ophthalmic stents for minimally invasive treatment of patients with glaucoma.

www.glaukos.com

Integrated Biosystems, Inc.
Integrated Biosystems (Napa, CA) is the world’s leading supplier of controlled freeze and thaw technologies for storage and transport of specialized biopharmaceuticals. Integrated Biosystems, Inc. was acquired by Stedim S.A. (Euronext Paris: DIM).

www.integratedbio.com

Kanisa Pharmaceuticals, Inc.
Kanisa Pharmaceuticals (San Diego, CA) is a pharmaceutical company focused on the acquisition, development and commercialization of therapeutics in the field of oncology.

www.kanisapharm.com

KFx Medical, Inc.
KFx Medical (Carlsbad, CA) is a medical device company focused on minimally invasive surgical products in the field of orthopedic surgery.

www.kfxmed.com

MAKO Surgical Corp.
MAKO Surgical (NASD: MAKO) is an innovative orthopedic device company developing and marketing its advanced robotic arm solution and implants for orthopedic surgery.

www.makosurgical.com

Moksha8
Moksha8 is a specialty pharmaceutical company focused on Latin America.

www.moksha8.com

NeurogesX, Inc.
NeurogesX (NASDAQ: NGSX) is a pharmaceutical company focused on the development of therapeutics for the treatment of neuropathic pain.

www.neurogesx.com

NovaCardia, Inc.
NovaCardia (San Diego, CA) is a pharmaceutical company focused on the development and commercialization of novel compounds for the treatment of cardiovascular diseases. NovaCardia was acquired by Merck & Co., Inc. (NYSE: MRK).

www.merck.com

Novalar Pharmaceuticals, Inc.
Novalar Pharmaceuticals (San Diego, CA) is pharmaceutical company focused on therapeutics for the dental market.

www.novalarpharm.com

NovoStent, Inc.
NovoStent (Santa Clara, CA) is a medical device company focused on the development of products to treat problems of the vascular system.

www.novostent.com

OREXIGEN Therapeutics, Inc.
OREXIGEN Therapeutics (NASDAQ: OREX) is a pharmaceutical company focused on the development of combination drug products for the treatment of obesity.

www.orexigen.com

Peninsula Pharmaceuticals, Inc.
Peninsula Pharmaceuticals (Fremont, CA) is a pharmaceutical company focused on the acquisition, development and commercialization of antibiotic pharmaceuticals. Peninsula Pharmaceuticals, Inc. was acquired by Johnson & Johnson (NYSE: JNJ).

www.jnj.com

Percutaneous Systems, Inc.
PercSys (Mountain View, CA) is a medical device company focused on developing interventional devices for minimally invasive treatment in the urology, urogynecology and gynecology markets.

www.percsys.com

Pivot Medical
Pivot medical (Sunnyvale, CA) is a medical device company focused on a rapidly expanding market within orthopedic surgery.

Pro-Duct Health, Inc.
Pro-Duct Health (Menlo Park, CA) is a medical device company focused on developing and commercializing products for non-invasive detection of breast cancer. Pro-Duct Health, Inc. was acquired by Cytyc Corporation (NYSE: CYTC).

www.thinprep.com

PulmonX, Inc.
PulmonX (Palo Alto, CA) is a medical device company focused on developing devices for minimally invasive treatment of patients with Chronic Obstructive Pulmonary Disease (COPD).

www.pulmonx.com

Questcor Pharmaceuticals, Inc.
Questcor Pharmaceuticals (NASDAQ: QCOR) is a pharmaceutical company focused on the acquisition, development and marketing of products focused on the field of neurology.

www.questcor.com

Renal CarePartners, Inc.
Renal CarePartners (Miami, FL) is a dialysis services company, which through its majority-owned subsidiaries, develops, owns and operates dialysis care centers providing outpatient and home based kidney dialysis services to patients suffering from end-stage renal disease.

www.renalcp.com

Sequel Pharmaceuticals, Inc.
Sequel Pharmaceuticals (San Diego, CA) is a pharmaceutical company focused on the treatment of cardiovascular disease.

www.sequelpharma.com

SkinMedica, Inc.
SkinMedica (Carlsbad, CA) is a pharmaceutical company focused on the acquisition, development, and commercialization of novel prescription and physician dispensed non-prescription products that treat dermatologic conditions

www.skinmedica.com

Somaxon Pharmaceuticals, Inc
Somaxon Pharmaceuticals (NASDAQ: SOMX) is a specialty pharmaceutical company focused on the acquisition, development and commercialization of products to treat psychiatric and neurological conditions. Somaxon completed its initial public offering on the NASDAQ in December 2005.

www.somaxon.com

Tobira Therapeutics, Inc.
Tobira Therapeutics (San Diego, CA) is a specialty pharmaceutical company that is focused on products for the treatment of important unmet medical needs in infectious diseases such as HIV/AIDS, hepatitis, and other associated infectious conditions.

www.tobiratherapeutics.com

Transcept Pharmaceuticals, Inc.
Transcept Pharmaceuticals (Pt. Richmond, CA) is a CNS focused specialty pharmaceutical company.

www.transcept-pharma.com

Verus Pharmaceuticals, Inc.
Verus Pharmaceuticals (San Diego, CA) is a pharmaceutical company focused on the development and commercialization of therapeutics in the pediatric population with an initial emphasis on respiratory and allergy markets.

www.veruspharm.com

Windy Hill Medical, Inc.
Windy Hill Medical (Laguna Hills, CA) is a medical device and pharmaceutical company focused on the development of products to reduce the risk of developing breast cancer in patients deemed to be at high risk.