ADAMS RESPIRATORY THERAPEUTICS, INC Chester, New Jersey A pharmaceutical company focusing on the development and marketing of prescription pharmaceutical products for the ENT, allergy, and pulmonary markets.

Current Status - Private

ADVANCED REHABILITATION RESOURCES, INC. Chesterfield, Missouri A provider of comprehensive rehabilitation services on a contract basis to acute care hospitals.

Current Status - Acquired by RehabCare Corp. (NASDAQ - RHBC)

ALLOS THERAPEUTICS, INC. Denver, Colorado A pharmaceutical company developing a class of compounds that cause hemoglobin to deliver increased levels of oxygen to tissues, focusing on the cancer and cardiovascular disease markets.

Current Status - Public (NASDAQ - ALTH)

AXYA MEDICAL, INC. Beverly, Massachusetts A medical device company that has developed an innovative platform for ultrasonically welding polymer sutures and related wound closure devices used in surgical procedures.

Current Status - Private

BIOSTAR, INC. Boulder, Colorado A medical diagnostics company using immunoassay technology for rapid diagnosis of infectious diseases.

Current Status - Acquired by Thermo BioAnalysis, Inc. (AMEX - TBA)

CIRRUS DIAGNOSTICS, INC. Chester, New Jersey A diagnostics systems company that developed a random access immunoassay system for use in hospital laboratories.

Current Status - Acquired by Diagnostic Products Corp. (NYSE - DP)

COLLAGENEX PHARMACEUTICALS, INC. New Town, Pennsylvania A specialty pharmaceutical company targeting the dental and dermatology markets with novel therapeutic agents.

Current Status - (NASDAQ - CGPI)

ENDOCARDIAL SOLUTIONS, INC. St. Paul, Minnesota A medical device company that developed and markets a diagnostic catheter system for electrophysiology applications.

Current Status - (NASDAQ - ECSI)

EXOGEN, INC. West Caldwell, New Jersey An orthopedic device company focused on developing bone growth stimulation products.

Current Status - Acquired by Smith & Nephew plc (London: SN)

GENETIC DESIGN, INC. Greensboro, North Carolina A specialized reference laboratory providing DNA-based genetic testing services.

Current Status - Acquired by Genzyme (NASDAQ - GENZ)

IMMTECH INTERNATIONAL, INC. Evanston, Illinois A biotechnology company developing recombinant acute phase proteins that act as immune system potentiators.

Current Status - Acquired by Criticare Systems, Inc. (NASDAQ - CXIM) Subsequent spin-out IPO (NASDAQ - IMMT)

INTEG, INC. Minneapolis, Minnesota A company developing a pain-free and blood-free glucose monitoring device for use by diabetics.

Current Status - IPO (NASDAQ - NTEG) Acquired by Inverness Medical Technology, Inc. (NASDAQ - IMA)

KELSON PEDIATRIC PARTNERS Hartford, Connecticut An emerging growth company specializing in the management of pediatric physician practices.

Current Status - Private

OAKTREE HEALTH PLANS, INC. Philadelphia, Pennsylvania A healthcare services company formed to build a HMO to service the public assistance population in Pennsylvania and surrounding states.

Current Status - Acquired by Oxford Health Plans, Inc. (NASDAQ - OXHP)

SOMATOGEN, INC. Boulder, Colorado A biotechnology company developing recombinant hemoglobin for use as a blood substitute.

Current Status - IPO (NASDAQ - SMTG) Acquired by Baxter, Inc. (NYSE - BAX)

VENTANA MEDICAL SYSTEMS, INC. Tucson, Arizona A developer of automated diagnostic systems for immunohistopathology laboratories.

Current Status - Public (NASDAQ - VMSI)