APP was appointed by a leading Middle East pharmaceutical company to advise them on creating an Oncology business in Iran. The project included product selection, development of a business plan, partner search, establishing of a JV structure and advise on the factory layout. The JV was established in June and the construction works for the new facility are starting right away. It is assumed that first products will be launched out of this new facility as early as 2018. Because we believe in this project, APP will hold a minority share in the newly formed JV.