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om Tel: +44 (0) 20 7 425 8000 Japan 1-9-7 Otemachi. Chiyoda-ku Tokyo 100-8104 Japan Tel: +81 (0) 3 6836 5000 Asia/Pacific 1 Austin Road West Kowloon Hong Kong Tel: +852 2848 5200 Industry Coverage:Biotechnology Pharmacyclics Inc. (PCYC.0) E (03.262014) $103.92 Regeneron Pharmaceuticals Inc.
Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited iiit . 67 003 734 576. holder of Australian Wiancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa
om Tel: +44 (0) 20 7 425 8000 Japan 1-9-7 Otemachi. Chiyoda-ku Tokyo 100-8104 Japan Tel: +81 (0) 3 6836 5000 Asia/Pacific 1 Austin Road West Kowloon Hong Kong Tel: +852 2848 5200 Industry Coverage:Biotechnology Pharmacyclics Inc. (PCYC.0) E (01262014) $96.61 Regeneron Pharmaceuticals Inc.
Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited if . 67 003 734 576. holder of Australian friancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa
MS_Print Design_North America Insight English
ited, Singapore Branch (Registration number T1IFCO207F); in Australia to “wholesale clients" within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited A.B.N. 67 003 734576, holder of Australian financial services license No. 233742, which accepts responsibility for its contents; in Australia to "who
Page: HOUSE_OVERSIGHT_025586 →d Kingdom Tel: +44 (0) 20 7 425 8000 Japan 19-7 Otemachi, Chiyoda-ku Tokyo 100-8104 Japan Tel: +81 (0) 3 6836 5000 Asia/Pacific 1 Austin Road West Kowloon Hong Kong Tel: +852 2848 5200 HOUSE_OVERSIGHT_025588
Page: HOUSE_OVERSIGHT_025588 →Entities connected to both Kowloon and Morgan Stanley Australia Limited

Tokyo
LOCATION
Frankfurt
LOCATION
Hong Kong
LOCATION
United States
LOCATION
Bloomberg L.P.
ORGANIZATION
DIFC Branch
ORGANIZATION
Reuters
ORGANIZATIONthe Financial Services Board
ORGANIZATIONMorgan Stanley Equity Research
ORGANIZATIONMorgan Stanley Mexico
ORGANIZATIONResearch Management
ORGANIZATION
Morgan Stanley
ORGANIZATIONthe Capital Markets Board of Turkey
ORGANIZATIONMorgan Stanley Bank AG
ORGANIZATIONConsensus
ORGANIZATIONSingapore) Pte
ORGANIZATIONDavid Friedman
PERSONCanada Limited
ORGANIZATIONCompany Data
ORGANIZATIONOverweight
ORGANIZATION