ParaPRO, LLC

ParaPRO LLC, based in Carmel, Indiana, is a start-up pharmaceutical company established in 2002 initially for the purpose of developing a promising new medicine for the treatment of head lice. ParaPRO is a wholly owned subsidiary of SePRO Corporation, a management owned life-sciences business started by Bill Culpepper, a former employee of Eli Lilly and Dow AgroSciences. Started in 1994 with five employees, SePRO (www.sepro.com) has grown to 59 employees, 41 of whom are based in Indiana. SePRO develops, manufactures and markets high quality chemical products for use in specialty markets and is a leader in the areas in which it competes. In November 2002, ParaPRO acquired the worldwide marketing rights to human health applications of the active ingredient Spinosad from Eli Lilly and Company. After a competitive process, ParaPRO was selected by Eli Lilly and Company as the best licensing partner for Spinosad for several reasons. •ParaPRO is a company whose management and ownership have a strong history of product development and marketing in a heavily regulated environment. ParaPRO leadership has demonstrated the ability to successfully take new, governmentally regulated products to market in the United States and other parts of the world. •ParaPRO is a start-up life sciences Company based in central Indiana with a strong commitment to the local marketplace. •ParaPRO leadership has a proven track record of building and growing an entrepreneurial business around quality products.