Main catalysts for BPMX (including 16 pending patents): Fiscal year Q2 (May, June, July 2018) *Commercial partnership* Phase 3 for BPX-01 for acne. Initiation of phase 2 study of BPX- 04 for rosacea. Submission of new product candidate to FDA 2H 2018 Complete phase 2 enrollment of BPX-04 for rosacea. Advance preclinical candidate into clinic Phase 3 program ready to initiate for BPX-01 for acne