DUM (THIS “MEMORANDUM”) IS BEING FURNISHED TO CERTAIN SOPHISTICATED INVESTORS ON A CONFIDENTIAL BASIS BY OR ON BEHALF OF NEW LEAF VENTURES IIL, L.P., A DELAWARE LIMITED PARTNERSHIP (“NLV- TIP’ OR THE “FUND”), SO THAT EACH MAY CONSIDER AN INVESTMENT IN THE FUND. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN