3, 2016 5:27 PM To: jeffrey E. Subject: Merrill - BAC Step-Up & Biotech Attachments: 20160503 - BAC Step Up.pdf; Untitled attachment 00039.htm; Biotech Industry Overview.pdt Untitled attachment 00042.htm please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York,