There were no events subsequent to the balance sheet date which would require adjustments to or disclosures in these consolidated financial statements, except for the following event:

The Group closed a transaction to acquire a smaller company located in France to increase the technology portfolio of its «Partnering Business» on February 28, 2017. The transaction price amounts up to CHF 5.4 million, of which CHF 2.1 million are subject to an earn-out arrangement. The acquired company reports assets according to local French GAAP of CHF 1.4 million (unaudited) at the end of 2016 and sales of CHF 1.2 million (unaudited) for the year 2016. The purchase price allocation is yet to be performed.