Please standby. Good day, everyone. And welcome to Human Genome Sciences’ First Quarter 2012 Financial Results Conference Call and Webcast. Please note, today’s call is being recorded. At this time, I will turn things over to Mr. Tom Watkins, President and Chief Executive Officer of Human Genome Sciences. Please go ahead, sir.

Thank you, Operator, and good afternoon, everyone. Before we begin, I would like to point out that we will be making forward-looking statements, which are based on our current intent, belief and expectations. These statements are subject to certain risks and uncertainties, and I encourage everyone to consult our SEC filings for additional detail. We reported our first quarter financial results earlier this afternoon and the press release that we issued, as well as several slides that we will be discussing in this call are both posted on our website and that’s www.hgsi.com. Now we do not plan to take you through the financial results in today call. Although, we will take any questions that you may have on the first quarter later in this call. So following my opening remarks, Barry Labinger, Executive Vice President and Chief Commercial Officer; David Southwell, our Executive Vice President and Chief Financial Officer, and other members of our senior management team will join me for the Q&A session. So I’m going to refer a couple of points here to the slide number that is available and you can consult that. So slide three, in light of recent events, we plan to use this call today to refocus the conversation on the potential of BENLYSTA, the potential of darapladib and our other product candidates and other assets. We are in a situation where our long-term partner GlaxoSmithKline has offered $13 per share for HGS. As you know, the HGS Board of Director in consultation with the independent financial and legal advisors has determined that this unsolicited offer does not reflect the value inherence in HGS. However, based on this offer, it is clear that GSK shares are viewed that the market has been overly focused on the short-term sales results of our company. We…

Thank you. (Operator Instruction) And our first question comes from Joe Schwartz, Leerink Swann. Joe Schwartz – Leerink Swann: Hi. Thank you. I was wondering you gave us some figures and may be you can quantify it a little bit further for us, how far off is the value that you see inherent in HGS as GSK’s offer?

Joe, I’ll just tell you we’re focussed on maximizing shareholder value and I don’t want to make any comments on any specific conversations or offer but we’re focussed on. The board clearly has indicated they don’t view the offer as sufficient when you look at the value of the assets we have. And we’re running the process here to make sure we can maximize shareholder value. Joe Schwartz – Leerink Swann: GSK see -- has said that they see $200 million in cost synergies, I think, that they could bring out and getting a better deal from them or someone else could necessitate even more cost cuts to justify. So what I’m wondering is to get your stock up further from here, it would seem easier for me to move the cost lever than the sales lever, given that your operating expenses are north of that $200 million, I think so. Do you have any thoughts on what you could do in that department?

I would say two things that are unrelated to one and other. Any cost savings that GSK or anybody has described, you have to ask them about those. As you know, Joe, we have committed to achieving profitability of HGS in 2014, and we believe that is certainly possible and that will come from a combination of more accelerated sales growth, which we’re confident in and tight spending control. And we’re in the process of doing both and I want to reaffirm our commitment to profitability in 2014. Joe Schwartz – Leerink Swann: Okay. Thank you.

Thank you.

Let’s go to JPMorgan, Cory Kasimov. Cory Kasimov – JPMorgan: Hey, good afternoon guys, and thanks for taking the questions. And thanks for all the market insight you provided. So I have two, my first question is when we think about growth for BENLYSTA, at this point, do you think it’s still being driven more by the trailers that you, kind of, frame the adopters -- all the adopters. In other words, more by the accounts coming on line or that same store use, you are alluded to within the accounts and then I have one follow-up?

Cory, we have Barry Labinger speak to that question?

Hi Cory. Clearly, since the early stages of launch, our growth was driven mostly by increased rent. So it was new accounts using BENLYSTA for the first time in a very small number of patients. I think we are in the transition phase now where we’re trying to corner where most accounts have started to use, we’re in the front end of a few accounts having liked what they’ve seen and moving into what we call the adoption phase and increasing the number of patients per account significantly but that’s relatively few accounts and most accounts are still in this trial phase. So I think right now, we’re only getting a little bit of their growth that’s attributable to the increase in depth and most of it is -- hence up until now come from the increases in threats. Cory Kasimov – JPMorgan: Okay.

We certainly think that’s once people will have a chance to see patients on therapy for three, six, nine, months then we’ll see them acting on the good things that they do. Cory Kasimov – JPMorgan: Okay. And then my follow-up, probably on Dave on darapladib, which we suddenly received a lot more incoming calls on. Can you just, kind of, update us, remind us in your thoughts on the target biology here, may be why you don’t think the recent setback for a competitive molecules should necessarily be extrapolated to darapladib? Thanks.

Yeah. Great question. I don’t extrapolate it all. You have to -- when you’re in a situation where you cannot do pivotal trials that are absolutely confirmative of ways to experience and clearly for large cardiovascular outcome trials, that’s not possible. You really have to dig into the target biology and what if anything you learnt from biological exploration phase 2. I think when you look at darapladib, you look at some very compelling things. So the target is there in the offending pathologic plaque. It’s clear the target has a physiologic role in an inflammatory cascade within the plaque. If you take preclinical [animals] through our atherosclerosis found and you suppress Lp-PLA2 target activity, you do suppress the progression of the atherosclerotic process. In humans, there is a better amount of hematologic data which establishes the independent correlation of this target in patients. It’s independent of non-HDL cholesterol and systolic blood pressure for the risk of cardiovascular events like cardiac attack and stroke. Interestingly, if you go to some Pacific rim, generic variance where their genes actually predict for a low-level expression of the target. They have a low level of cardiovascular risk. So you got a large consolation of target biology of the hematologic data which makes us think quite interesting. Obviously, the phase 2 data can’t tell you whether you’re going to reduce heart attack or stroke but it does tell you, you can interrupt progression of the necrotic core of these offending plaques. I take it all together plus the fact that their implementation risk is basically zero. I’ve worked with these investigative groups. You’ve got two blue ribbon global cardiovascular team doing your studies. Take it altogether, this could work. I mean, this is not so unreminiscent of the discussions we had for five years of our BENLYSTA. You really had to look at the target biology in the epidemiology. The next step, if you’re going to do anything is clearly do what GSK is doing and I assume I believe the same thing. They are spending a lot of time in purchase capital on it. And if it does work, you’re talking about huge medical need and significant commercial opportunity. So I’m anxious to see this data, and I’ve asked to know what I can know about the progress of these trials. I look forward to seeing it. Cory Kasimov – JPMorgan: Great. Thanks. That’s helpful.

Thank you, Cory.

Up next let’s go to Chris Raymond with Robert Baird. Chris Raymond – Robert Baird: Thanks so much. I know, Tom, you said you were not going to talk about the process at all but one sort of, line of question, I think that’s, sort of, outside of the process and maybe, sort of, duck tailing off of Dave’s very last comment here is. So assuming that you guys along the lines of the question that you asked requesting additional information, regarding darapladib, I guess, number one, did they provide it? And then you add color specifically on what they provided will be great? Number two, does it give you more confidence that it does not fully capture the value?

Well, there are two things, Chris, first of all, we’re very confident in the value of darapladib as we talk about we think is value upside as we said in other pipeline product which includes albiglutide and what we requested were updates to the clinical information that GSK is in position of. We look forward to receiving it. I’m not going to comment where we are in the status of receiving that but we’re confident of the value here and we are cheering GSK on and their success here with these programs. Chris Raymond – Robert Baird: Thank you.

Matthew Harrison, UBS, please go ahead. Matthew Harrison – UBS: Hi. Good afternoon. I had another BENLYSTA question. I was hoping you could walk through the graph on slide six in the bottom right, which looks like you had nice growth in sort of fee accounts prescribing more but when you look at the sales and you look at sort of back inpatient ads, it looks like patient adds are down from, sort of, 900 to 1,000 we were seeing towards, in the third and the fourth quarter of last year. So I’m wondering if you could just help understand what’s going on there? Thanks.

Matthew, this is Barry. What you see in the bars on the bottom right hand side of slide six is an acceleration in the rate of growth of accounts, who have moved into using five or more patients, using BENLYSTA five or more patients, where you had a 42% increase in the first quarter compared to a 16% increase in the fourth quarter. We’re very encouraged by that and it does validate this model that we talked about that we tried in a few patients, see how it works and when they like what they see, they move on into broader adoptions. The reason that you don’t see a broad acceleration in the number of overall patients is because this is 200 accounts which is about 10% of the total. So its good evidence that the models that we’ve seen in the play out in the market research is playing out in the real world but so far, that’s not mainstream that most accounts are moving trial to adoption. Most of them are still in trials. When they move into adoption as these 200 accounts have then we’ll see acceleration and growth overall. Matthew Harrison – UBS: Great. Thanks. And then just one follow-up, GSK has also announced some recent data on [cincaria], may be you could just talk about what you view the commercial profile there as well? Thanks.

Yeah. We can’t comment a lot on albiglutide that’s GSK has been running that program and they’ve been doing most of the work on it. The GLT-1 class is getting more crowded but also getting bigger and serves an important role in treatment of type II diabetes on top of other therapies. So we think from what’s been announced so far. The product has a competitive product profile and it’s going to compete for a significant share of the GLT-1 market.

But Matthew, we do recognize that very competitive nature of that market in assessing the valuation of the different assets that we have. So I think -- we’re realist about how difficult that area will be too compete. Matthew Harrison – UBS: Thank you.

Let’s go to Mark Schoenebaum, ISI Group. Les – ISI Group: Hi. This is [Les] filling in for Mark. I have two questions. My first question was about same store sales. You mentioned that you saw early evidence of adopters. Is there anything categorical about these early adopters in terms of either geography or clinic size or any thing else that might help us get some color and help us get comfort with the potential extrapolating that out into further clinics?

Yeah. Well, that’s a good question. We’ve been looking at that ever since the launch and there really isn’t any set of factors that differentiate the early adopters from the rest of the prescribers other than their early adoption. So for every big account, it has become a big account for BENLYSTA using it in dozens of patients. There are a number of other accounts that are the same and that are just starting the process. So we’re confident that we’re going to go through the same process. It’s just going -- it's just the fact that they are going to go at different speed. So I don’t think that we can describe anything that rules accounts in or out. I think what we’re seeing from the early adopters is what we’re going to see from the later adopters. Only it’s going to take a little more time. Les – ISI Group: Great. Thanks. And my second follow-up question is about darapladib. Do you have any additional comments about an interim like that may have happened or may well happen as well as additional thoughts on the timing of the phase 3 readout?

Dave has some comment on that.

I don’t want to get into specifics for a program I’m not running but I will refer you to two papers that were published last year and the year before in the American Heart Journal that describes the design of each of these large studies. They are very rich publications in terms of how the studies were put together and what the plans were. In those papers, they do refer to interim analysis plans which were initially to be safety analysis but at least for one of the studies that were efficacy analysis plan when a significant numbers that have been short of the final event number were experienced as to whether those have happened, I can’t comment. Les – ISI Group: Okay. Thank you.

From Goldman Sachs, let’s go to Terence Flynn. Terence Flynn – Goldman Sachs: Hi. Thanks for the taking the questions. Just a follow-up on darapladib. I was wondering if you guys are contractually obligated to receive any of the data from GSK. I know you’ve said, you requested it and you look forward to receiving it but are you actually contractually obligated to any of that data?

Terence, what I would just say that is under the arrangement we have with GSK. There is certain information we received, and we received that and what we requested in our lab was we’re up-to-date informations as we set earlier on the progress of clinical trials et cetera. What we perceived is certainly what was outlined in the arrangement and we just went a little bit more up to data. Terence Flynn – Goldman Sachs: Okay. So you have done day in the past, and this is just kind of more of an update on the status of the studies?

I think it’s fair characterization, yeah. Terence Flynn – Goldman Sachs: Okay. And then one question on BENLYSTA, was wondering if you can clarify, I know you have about 2,200 accounts total. You got the targeting but how many would you classify as actually key accounts. I know, it’s a subset but you can help us think about that number?

There are, right around, 2,000 accounts which we consider demand generating accounts. So those are either hospitals or community clinics that have rheumatologist in them and are either in choosing patients or selecting patients to be infused elsewhere. And we consider all those importance we have announced resources in the sales force and in other areas to support all of those accounts. Certainly, we do have some concentrtation. The top 10% of our business comes from a pretty small number of accounts and it expands from there. But we don’t really need to differentiate how key account is from the standpoint of what the effort that we put against them there. All in those 2000 are fully worth, strong effort and we’re going after all of them with our team. Terence Flynn – Goldman Sachs: Thanks Barry. I guess, I was just trying to get a sense of -- you say 50% of key accounts of initiative treatment. So as I was just trying to understand the denominator on that a little bit.

Yeah. I’m talking about 50% of the 2000 accounts. Terence Flynn – Goldman Sachs: Okay. Thank you.

Michael Yee, RBC Capital Market. Charmaine Chan – RBC Capital Market: Hi. This is Charmaine on behalf of Michael. I’d like to add (inaudible) the momentum seen in accounts averaging five patients or more. Can you comment on whether you expect roughly the same number of accounts that go on to this higher usage mode, like I said reflective of what’s gong forward? And secondly can you comment on whether the need for insurance verification in the quarter has had any impact on sale? Thank you.

Yeah. You are use to hearing from our side. I am not going to predict what rate of increasing adoption is going to going forward. I think we are just on the front-end of accounts going from this initial trials Phase 2 the broader adoption phase. So it’s kind of go up overtime and how fast it goes, I really can’t say. As far as the insurance re-verification, definitely that has an effect on first quarter sales, in particular in the first couple of months. For those of you less familiar with that process, all the patients on biologics have to get their insurance re-verified at the beginning in the year to make sure that they have coverage. And so offices intend to prioritize their efforts on existing patients, who are do for an infusion at the certain point in time, so new patients tend to be held off until at least later in the quarter. And then there is a backlog that has to be cutoff to. So our product obviously is more relying on new patients than other more mature products, who are more relying on existing patients. So that’s certainly have some effect, how much of an effect is little bit hard to say.

Moving on to Cowen and Company, Nicholas Bishop. Nicholas Bishop – Cowen and Company: Hi. Good evening, and thanks for taking my question. I have three-part question on the pipeline. The first is, I wonder if you could elaborate little bit more on Rilapladib, which is a compound we haven’t heard much about before, just what’s kind of the rational behind that on an Alzheimer's disease? Second is are there any other compounds that we haven’t mentioned on the call today that are covered under the collaboration with GSK? And finally, to the extend you’re able to get additional information about darapladib or any of other pipeline compounds in GSK, would that be in anyway confidential with respect to potential other bidders or would you be able to share all of that freely? Thanks.

So let me ask Dave Stump to comment on your, at least your first question there, first part of your question on Rilapladib.

Yeah. I wouldn’t go near the third question. The Rilapladib is in the same family as darapladib, the target in Alzheimer's, the biological rational is much less material. In fact, the study they are doing is a small Phase 2A pharmaco biomarker study. But I think that obviously in Alzheimer's disease the big issue for mapping downstream likelihood of success is can correlated any biomarker with an outcome in Alzheimer’s and that’s kind of the impediment. So that very early days, I would call it highly exploratory.

And with respect to second part your question, the three products that we’ve identified here, I talked about darapladib, Rilapladib and albiglutide. The first two are the products that we are aware of that were covered by the original collaboration agreement with then SmithKline back in the 90s. The albiglutide as you know is the subject of a separate independent we will out license arrangement between ourselves and GSK, which took place in October of 2004. So to answer your question is that is what we know about it. There other products that we talked about in our pipeline here that are not partnered with GSK but are partnered with others, but that’s the situation with respect to those. Nicholas Bishop – Cowen and Company: Okay. And then anybody one hazard and answer to the last part. Would there be any confidential information exchange here or…

I’m not going to comment on -- I am not going to comment on what’s confidential and what’s not and how we conduct those items going forward. Nicholas Bishop – Cowen and Company: Okay. Thank you.

Thank you.

Jim Birchenough with BMO Capital has our next question. Jim Birchenough – BMO Capital: Yeah. Hi, guys. One question and a follow-up. Just on BENLYSTA, can you comment on whether the trajectory we’ve seen in average weekly sales in April suggest any inflection from what we saw towards the end of the first quarter? That’s the first question. And then just saw in darapladib just wondering historically when you have been provided with updates, have you been updated on the number of events that have occurred and based on that would you have expected to see an interim by now?

Yeah. This is Dave. Let me preface this. We have had occasional time driven updates from GSK. And let me make it clear, they have been very interactive with us on the program. I have never detected any -- anything but an interest in being interactive with us. I’ve been said there were certain things that they’re careful with and I think ongoing event rates have been one of those. And I have been fine with that, because this really in the end your data and safety monitoring committee is where the knowledge resides, and I assume we would no sooner later as we heard everyone else, obviously a little event has happened recently for us that changes a landscape little bit. So my interest now is knowing every piece of data, I’m entitled to know about that program on behalf of HGS shareholder. Jim Birchenough – BMO Capital: And then just may Barry in terms of the trajectory that we are seeing with BENLYSTA in April?

Yeah, Jim. It’s fair question. But, as you know from before, we’re not sharing data intra-quarter, we are only few weeks in, so it would be hard to interpret anything from that so soon anyway. Jim Birchenough – BMO Capital: So may be I ask you alternate question?

Yeah. Sure. Jim Birchenough – BMO Capital: And that is just, so when you think about the trial use and where BENLYSTA has been used in been list has been used in few patients, and then when physicians get experience they broaden presumably in the similar -- patient group and how big is that, is it patients that have had consistent flares in the certain organ system. I am just trying to get a sense of where the trial is and how that might be an indicator of how big this opportunity could really be?

Yeah. That -- Jim, that’s one of the hallmarks of lupus is every patient is different and the way that every physician things about it is different. So the specific patient type that physicians try BENLYSTA in is pretty variable, there are certainly common themes that the people who have tried other therapies, they have ongoing disease activity, more of them are going to have serological evidence like positive anti-double strands of DNA may be low compliment. But there is a lot of variability around those characteristics. Generally, what we see is that if physicians are impressed with what they see in their first few patients and what they hear from that appears, which is the real focus of our speaker programs that we are spending so much time doing. Then they tend to broaden types of patients that they’ll consider treatment, and in fact, their own experience reinforces more positively their perception of the efficacy of BENLYSTA, and that is what it takes for them to consider BENLYSTA in a broader array of types of patients. Jim Birchenough – BMO Capital: Great. Thanks for taking my questions.

Okay.

Thank you, Jim.

Up next let’s go to Canaccord, excuse me, Canaccord, Salveen Richter. Laura Ekas – Canaccord: Hi. It’s Laura Ekas on behalf of Salveen Richter. And just a question on the overlap between the community practices that are using the drug and how many of those fall into the 211 accounts that are treating more than five patients?

Yeah. So, the once that are in the 200 that are treating more than five patients really are spread fairly widely across community and hospital account. There are certainly a tendency that bigger accounts with larger patient cohorts are kind of over represented in the 200. But like I said earlier, there are just as many big accounts like that who are still on their trail phase and aren’t quite there yet. So there isn’t one type of accounts that seems to go through this process and seems to get to broad use of BENLYSTA. There are multiple types of accounts large and small community and hospital basis. Laura Ekas – Canaccord: Then I guess what sort of activities do you have ongoing that are geared to increasing penetration, specifically into these community accounts or they just you have to wait and see -- wait for the patients to have experience with -- their physicians to have experienced with drug before they are going to start treating more patients?

Yeah. I’m glad you ask that question because nowhere we just waiting to see how it goes. We are doing everything we can in our marketing programs to accelerate that process. So part of it is what our sales force does in the office working with other staff within the office like nurses to make sure that patient response are appreciated and communicated within the office. So the doctor knows more quickly that patients are doing better, part of it is to do hundreds of speaker programs where rheumatologist with more experience can talk to those with less experience and basically validate the experience in a couple of patients with their own experience in tens of patients. We are working on our consumer programs to drive more consumers and patients into as per BENLYSTA which will helpful with all patient identification difficulty. So there are number of things that we’re doing to -- and try to accelerate this process. Obviously, the drug doing its work and helping patients is going to have a positive effect overtime and all the other things that we do are targeted to make that happen faster. Laura Ekas – Canaccord: Okay. Thank you.

Thank you.

Next, we go to Liisa Bayko with JMP Securities. Liisa Bayko – JMP Securities: Hi. Thanks for taking my question. How much value do you really applying to BENLYSTA subcutaneous versus the IV. We’ve gotten some feedback that perhaps a lot more patients could be captured by due to subcutaneous formulation, I am just wondering how you see – sort of initial value of BENLYSTA versus what might be Harry Potter in the subcutaneous formation in the safe development?

Liisa, we think there is great value in having both to offer. There are certainly some additions who prefer IV formulation. That way they can take care of the patients, see them every month and make sure that they comply. So there are benefits to that. There are obviously a number of patients who would value the convenience of being able to self administer BENLYSTA. Some of those are on the milder end of the spectrum, maybe even moderates but on the milder end of moderates or even mile patients. So we definitely thing subcu is going to open up new possibilities, and we also think that the IV is readily accepted by most patients and in someway preferred by some physicians. So it’s totally in our benefit to have both available to meet those needs. Liisa Bayko – JMP Securities: Okay. Thanks. And then -- quick question on darapladib. Do you know GSK has -- I mean do they get sort of real time or fairly regular updates on how many events have occurred and then one was their latest communication to you -- regarding where they were in the process – process of these events?

Liisa, I would just say, to ask them what their communication and their information flow is somewhere unsteady. As I said earlier, our communication, David Stump elaborated on this moment ago has been fruitful and timely and consistent with the arrangement that we have. I am not going to comment on when the last update was but it’s been, maybe forth coming with all the information on the timeframe as been excepted and there’s been good dialogue. Liisa Bayko – JMP Securities: Okay. Thanks a lot.

Thank you.

Moving on, let’s go to Ying Huang with Barclays. Ying Huang – Barclays: Hey, guys thanks for taking my question. First one is regarding to the patient report on BENLYSTA, can you guys give a breakdown in terms of how many -- what percentage of patients are severe and what the percentage on the patient on BENLYSTA are actually moderate? And the second question is do you know for fact that GSK has only access to blinded data including both placebo arm and drug arms for darapladib? Thanks.

This is Dave. I can almost guarantee you that they have an independent agency monitoring committee and only that committee sees unblinded data. I have worked – I have worked with both of these large cardiovascular groups in my past life. I have done mega trials and I know how they do these studies. So I can tell you that without hesitation. Having said there, there are full blinded metrics that come from any study. I get them from my own teams in our studies that can sometimes be informative, certainly informative about the quality of the study and the quality of the data even if they don’t tell you what the unblinded answer is. Then I think those are kind of issues we want to look at.

On the question about the severity of patients receiving BENLYSTA. I have to give the caveat first of all that our information about the severity for patients comes from market research with physicians where we rely on each respondents, own definition of what severe versus moderate is and it’s different for everyone. What I would say is that we get quite a few -- quite a lot of moderate and quite a lot of severe, severe that we don’t get are the ones who are acutely severe like severely active in nephritis that’s excluded from the label. Those patients need something like Cytoxan high dose steroids that are faster acting than BENLYSTA is. But those patients after they’ve gotten their acute treatment and our more stable are sometimes feel perceived by their physician as severe patients, just not severely active at that point in time. Those are ideal candidates for BENLYSTA and a lot of our patients are in that category. More of them are moderate. So they haven’t needed IV Cytoxan. They haven’t had an imminently organ threatening flare but they have had frank disease activity every part more therapies than the standard who care then have been on and they go on BENLYSTA. And that’s the sweet spot for drug that are more of those then the former. Partly that’s because there are more of those out in the community and means really severe patients are the minority of patients out of the total pie of lupus patients. Ying Huang – Barclays: Thank you. That’s helpful.

Thank you.

And we have time for one final question at this time, that will come from Maxim Group, Echo He. Echo He – Maxim Group: Hi. Thank you for taking my questions. I have got two here. First one I wanted to know some more about BENLYSTA reimbursement. We’ve got some feedback, anecdotal feedback, of course, from patients that are -- they said their physician have to support them or advocate the BENLYSTA drug. And then the insurance company will be interested otherwise and there would be slight difficulties. Is that what you have to seen?

Generally, coverage by insurance companies is very positive for BENLYSTA. They refuse in a widespread way treatment of BENLYSTA or any biologic though. You generally prior authorizations, and different plans, quick physicians thorough different levels of hoops to provide the right documentation to get car authorization. So yeah, it’s not on common that a physician has to advocate at some level. It’s variable how much they have to do it and attempts would be more related to the individual plan and what they do with biologics generally than it does to do with BENLYSTA specifically. Overall we are pretty happy with reimbursement but it’s not a simple process these days to get reimbursement for biologics, any of them. Echo He – Maxim Group: Okay. I understand. And another one is could you just talk about the -- from the competition standpoint of your any stay ongoing reimbursement that could go through for Rituxan and Cellcept, these drugs and there were some patient that, they were kind of still – had a good experience previously and still wanted to go?

Yeah. I think it sound that it’s pretty widely reimbursed. It’s inexpensive and though it isn’t approved… Echo He – Maxim Group: Right.

….it’s considered part of standard of care especially for patient with renal disease. So I think payors are covering Cellcept. Rituximab is a little more variable not only, isn’t it approved but trials were conducted and failed. So that’s a great opportunity for payers to really not cover rituximab or at least have very stringent requirements for having -- they have tried pretty much everything else before they get covered. Now, for an individual patients who has responded in the past and the physician really wants to get him another cycle that probably can be done with really strong advocacy from the physician. So there isn’t widespread used of Rituxan anymore and it’s not growing but it is -- it does occupy a small space for late stage patients who have failed most other therapy. Echo He – Maxim Group: Okay. I understand. That’s all. Thank you so much.

Thank you for your question. Operator, are we completed with the questions.

That is correct. I’ll turn the conference back over to you for any additional or closing remarks.

Thank you, operator. Well, I thank everybody for joining us today and for your interest in HGS. We look forward to continue our dialog with you. Thank you. Have a good day.