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Firm Analyst
Ladenburg Thalmann; Punk Ziegel Healthcare Group   Matthew L. Kaplan

Aradigm Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Aradigm Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Aradigm Corporation or its management. Aradigm Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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