Sector Snapshot - Key Trends in Dealmaking - Emerging Healthcare & Life Sciences

Sector Snapshot: Key Trends in Dealmaking Emerging Healthcare & Life Sciences | 10 This communication: has been prepared by Citibank, N.A. (Citibank) for information and discussion purposes only and is distributed by or through its authorized affiliates (collectively with Citibank, the Firm); does not constitute an offer or solicitation to purchase or sell any financial instruments; contains information based on generally available information and, although obtained from sources believed by the Firm to be reliable, its accuracy and completeness is not guaranteed. Certain employees of the Firmmay have access to or have acquired material non public information that may have an impact (positive or negative) on the information contained herein, but that is not available to or known by the author of this communication. The Firm shall have no liability to the user or to third parties, for the quality, accuracy, timeliness, continued availability or completeness of any information herein or any information derived here from nor for any special, direct, indirect, punitive, incidental or consequential loss or damage which may be sustained because of the use of such information or otherwise arising in connect ion with this communication, provided that this exclusion of liability shall not exclude or limit any liability under any law or regulation applicable to the Firm that may not be excluded or restricted. This communication is not intended to constitute “research” as that term is defined by applicable regulations. Unless otherwise indicated, any reference to a research report or research recommendation is not intended to represent the whole report and is not in itself considered a recommendation or research report . The author of this communication may have discussed the information contained herein with others within the Firm and the author and such other Firm personnel may have already acted on the basis of this information (including by trading for the Firm’s proprietary accounts or communicating the information contained herein to other customers of the Firm). The Firm performs or see ks to perform investment banking and other services for the issuer of any such financial instruments. The Firm, the Firm’s personnel (including those with whom the author may have consulted in the preparation of this communication), and other customers of the Firmmay be long or short the financial instruments referred to herein, may have acquired such positions at prices and market conditions that are no longer available, and may have interests different or adverse to your interests. You should assume that the Firmmay be the issuer of, or may trade as principal in, the financial instruments referred to in this communication or other related financial instruments. The Firm is not acting as your advisor, fiduciary or agent, and is not managing your account . The information herein does not constitute, and the Firm does not provide, investment, accounting, tax, financial, regulatory or legal advice, and the Firmmakes no recommendation as to the suitability of any of the products or transactions mentioned. Even if we possess information as to your objectives in relation to any transaction, series of transactions or trading strategy, this will not be deemed sufficient for any assessment of suitability for you of any transaction, series of transactions or trading strategy. Any trading or investment decisions you make are in reliance on your own analysis, objectives, experience, resources and judgment and/or that of your advisors and not in reliance on the Firm. Prior to entering into any transaction, you should determine, without reliance on t he Firm, the economic risks or merits,as well as the legal, tax, financial, regulatory and accounting characteristics and consequences of the transaction, and that you are able to assume these risks. To the extent that this communication concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax ad visor. This communication is not intended to forecast or predict future events. Past performance is not a guarantee or indication of future results. Any prices provided herein (other than those that are identified as being historical) are indicative only and do not represent firm quotes as to either price or size. You should contact your relationship manager directly if you are interested in buying or selling any financial instrument, or in pursuing any trading strategy mentioned herein. None of the financial instruments mentioned in this communication (unless expressly stated otherwise) are (i) insured by the Federal Deposit Insurance Corporation or any other governmental authority, or (ii) deposits or other obligations of, or guaranteed by, Citibank or any other insured depository institution. Financial instruments denominated in a foreign currency are subject to exchange rate fluctuations, which may have an adverse effect on the price or value of an investment in such products. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. This communication contains data compilations, writings and information that are proprietary to the Firm and protected under copyright and other intellectual property laws and may not be redistributed or otherwise transmitted by you to any other person for any purpose. This communication may include a description of a trade idea and/or trading strategy based on an assessment of current market conditions, which may change quickly. There can be no assurance that any transaction or trading strategy discussed herein will not result in losses due to the unpredictability of markets, mistaken assumptions and/or other factors. Certain transactions, including, but not limited to, those involving swaps and options, give rise to substantial risk and are not suitable for all investors and/or market participants. All commercial loans and credit lines are provided by Citibank or its banking or lending affiliates. All credit products are offered subject to satisfaction of Citibank’s underwriting guidelines and credit approval. Fees and conditions, including minimum balances, apply to some deposit and other products and services described. © 2024 Citigroup Inc. Citibank, N.A. Member FDIC. Equal Credit Opportunity Lender. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. © 2024 Citibank, N.A. (organized under the laws of USA with limited liability) and/or each applicable affiliate. All rights reserved by Citibank, N.A. and/or each applicable affiliate. Citi and Arc Design is a trademark and service mark of Citigroup Inc., used and registered throughout the world. CBS38130 04/24