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					                           Employee Benefits Highlights
                                   2005-2006

Exploring Your Benefit Options
This summary gives you highlights of the benefit programs offered at Scandius BioMedical, Inc. at all locations.
Employee Benefits Highlights will inform you about health insurance, dental, and retirement programs. This
edition of Employee Benefits Highlights will also review the company’s vacation and holiday schedule.
This summary is not intended to cover all the details and enrollment procedures of the plans. If there are any
differences between this material and the legal plan documents establishing these plans, the plan documents
will govern in all cases. Benefits are subject to change without notice.




                                 INSIDE THIS ISSUE
YOUR OPTIONS FOR HEALTH CARE COVERAGE                                                          PAGE 2

EXAMINING THE DENTAL PLAN & HOW IT WORKS                                                       PAGE 5

LOOKING TO YOUR FUTURE: 401(k)                                                                 PAGE 7

VACATION, HOLIDAYS AND MORE                                                                    PAGE 8




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Your Health Care Coverage Choices

Scandius offers full-time employees Blue Cross Blue Shield of Massachusetts, a Health Maintenance
Organizations (HMO), and a Preferred Provider Organization (PPO) linked with a nation wide network for those
outside of Massachusetts.

Your medical choices are:

   HMO Blue ® Value Plus (for MA employees only)
   Blue Care ® Elect (PPO) Value Plus Option (for non-MA residents)

Coverage for you and your eligible dependents begins on your date of hire. Eligible employees are considered
any full-time employee working 40 hours per week.

BI-WEEKLY COSTS (September 1, 2005-September 1, 2006)

COVERAGE TYPE            HMO           PPO
Employee                 $30.74        $41.76
Employee + Family        $80.62        $109.54


HMOs
Your Care
Your Primary Care Physician.
Your primary care physician (PCP) is the first person you call when you need medical care. If your PCP
determines that you need to see a specialist, you’ll most likely be referred to a specialist affiliated with your
PCP’s hospital or group practice. This is because your PCP has a working relationship with these specialists.
And, the fact that your PCP and your specialist can easily communicate helps ensure the quality of your care.
Your physician may also work with Blue Cross Blue Shield concerning the Utilization Review Requirements,
which are Pre-Admission Review, Concurrent Review and Discharge Planning, Prior Approval for Certain
Outpatient Services, and Individual Case Management. Information concerning Utilization Review is detailed
in your subscriber certificate.

Referrals You Can Feel Better About.
The bottom line for your HMO Blue PCP is your health. Which is why, should you and your PCP decide you
need a specialist; you’ll be referred to the one your physician determines is appropriate for treating your
specific condition. Of course, if you have a specialist to whom you would like to be referred, tell your doctor.
It’s an important decision and the top priority is getting you healthy again.

Choosing a Primary Care Physician.
When you join HMO Blue Value Plus, you choose a PCP for you and each member of your family. You’ll find a
complete listing of PCP’s in the HOM Blue Directory of Providers. In addition, PCPs, the directory lists
specialists and hospitals. If you don’t have a copy of the directory, call our Physician Selection Service at 1-
800-821-1388 and we’ll send you one. If you have trouble choosing a doctor, the Physician Selection Service
can help. We can tell you whether a doctor is male or female, the medical school(s) he or she attended, and if
any languages other than English are spoken in the office.



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Urgent Care.
This is care needed to treat an urgent medical condition that can wait for the time it takes to call your PCP for
advice. Examples of urgent care are sprains, earaches, and high fever. If you need urgent medical care, call
your PCP to arrange where you’ll receive treatment. All HMO Blue PCPs have 24-hour phone coverage,
seven days a week.

Emergency Room Services.
In an emergency, such as a suspected heart attack, stroke, or poisoning, you should go directly to the nearest
medical facility or call 911 (or the local emergency phone number). There is a $50 co-payment for emergency
room services, which is waived if you stay for observation or you’re admitted to the hospital. Any follow-up
care must be arranged by your PCP.

When Outside the Service Area.
If you’re traveling outside the service area and you need urgent or emergency care, you may go to the nearest
appropriate health care facility. You are covered for the urgent or emergency care visit and one follow-up visit
while outside the service area. You or someone on your behalf must call Member Service within 48 hours (no
call is needed if you go to an emergency room). And, any additional follow-up care must be arranged by your
PCP.

Out-of-Pocket Maximum.
You’re protected by an out-of-pocket maximum of $1,000 for a member in a calendar year ($2,000 for all family
members covered under the same membership). Co-payments for hospital admissions, ambulatory surgery
admissions, and emergency room services will be applied to your out-of-pocket maximum.

Prescription Services.
Prescription medication is also available. $10.00 co-pay for generic brand, $25.00 co-pay for preferred brand,
and $45.00 co-pay for non-preferred brand drugs for a 30-day supply. Must be purchased from a network
pharmacy.

Dependent and Student Benefits.
HMO Blue Value Plus covers your unmarried dependent children until age 19 or full-time students until age 25.
Student coverage ends when the student turns 25, or marries, or on November 1 following the date the student
discontinues full-time classes or graduate, whichever comes first.

The HMO Blue Service Area.
All members must reside in the service area (or in the state of Massachusetts).

PPOs
Your Choice
When You Choose Preferred Providers.
You receive the highest level of benefits under your health care plan when you choose preferred providers.
These are called your “in-network” benefits. You can also choose non-preferred providers, but your out-of-
pocket costs are higher. These are called your “out-of-network” benefits. After a $250 co-payment per
admission, you have full coverage for inpatient preferred hospital, physician, and other provider covered
services. And, for some outpatient services, you pay a $15 co-payment for each visit. The $250 inpatient co-
payment does not apply to covered admissions in a preferred rehabilitation hospital or preferred skilled nursing
facility. Please note: If a preferred provider refers you for covered services to another provider (such as a lab or
specialist), make sure the provider you have been referred to is also a preferred provider. If the provider you
use is not a preferred provider, your out-of-pocket costs will be higher, even if you are referred by a preferred
provider.

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How to Find a Preferred Provider.
Refer to your Provider Directory for a comprehensive list of Massachusetts preferred providers. If you’d like
assistance finding preferred providers in Massachusetts, you may also call the Member Service number on
your ID card or the Physician Selection Service at 1-800-821-1388. To check the status of a Blue Cross and/or
Blue Shield preferred provider outside of Massachusetts, or for assistance in finding a Blue Cross and/or Blue
Shield preferred provider, call 1-800-810-BLUE (2583) or visit the BlueCard ® website at
www.bcbs.com/healthtravel/finder.html. If you are calling 1-800-810-BLUE (2583), please have your ID card
ready. If you have not received your ID card, let the representative know that you are looking for providers in
the BlueCard PPO (preferred provider organization) Program.

When You Choose Non-Preferred Providers.
You must pay a calendar-year deductible for most out-of-network services. The deductible is $500 for each
member (or $1,000 for all family members covered under the same membership). After you have met your
deductible, you pay 20% co-insurance for most out-of-network covered services. When the money paid for the
20% co-insurance equals $1,000 for a member in a calendar year (or $2,000 for all family members covered
under the same membership), benefits for that member (or that family) will be provided in full, based on the
allowed charge, for the rest of that calendar year. Refer to the subscriber certificates and riders for a
description of allowed charge and how the deductible and co-insurance are calculated.

Emergency Room Services.
In an emergency, such as a suspected heart attack, stroke, or poisoning, you should go directly to the nearest
medical facility or call 911 (or the local emergency phone number). You pay a $50 co-payment for in-network
or out-of-network emergency room services. This co-payment is waived if you are admitted to the hospital or
for an observation stay. The out-of-network deductible does not apply.

Prescription Services.
Prescription medication is also available. $10.00 co-pay for generic brand, $25.00 co-pay for preferred brand,
and $45.00 co-pay for non-preferred brand drugs for a 30-day supply. Must be purchased from a network
pharmacy.

Utilization Review Requirements.
You must follow the requirements of Utilization Review, which are Pre-Admission Review, Concurrent Review
and Discharge Planning, Prior Approval for Home Health Care, and Individual Case Management. Information
concerning Utilization Review is detailed in your subscriber certificates. If you need non-emergency or non-
maternity hospitalization, you or someone on your behalf must call the number on your ID card for pre-
approval. If you do not notify Blue Cross Blue Shield and receive pre-approval, your benefits may be reduced
or denied.

Dependent and Student Benefits.
Your health care plan covers your unmarried dependent children until age 19, or until age 25 if they are full-
time students. Coverage ends when the student turns 25, or marries, or on November 1 following the date the
student discontinues full-time classes or graduates, whichever comes first.




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The Dental Plan

The Scandius Dental Plan offers two choices:

MA Employees

Choice of either Delta Premier or Delta Care

Out of State Employees

Delta Premier only

Both of these coverage’s provide a comprehensive program covering all phases of dental care from basic
cleanings to orthodontia. The plan is administered by Delta Dental. Coverage for you and your eligible
dependents begins on your date of hire. Eligible employees are considered any full-time employee working 40
hours per week. Eligible dependents include your spouse and your unmarried children under age 22.


                                             BI-WEEKLY COSTS (July 1, 2005-July 1, 2006)

                                 COVERAGE TYPE            Delta Premier            Delta Care
                                Employee                $4.43                  $3.04
                                Employee + 1            $8.58                  $5.26
                                Employee + Family       $10.25                 $8.03


How Does The Plan Work?
There is an annual deductible per covered dependent for Type II and III Services for Delta Premier only. The
plan provides a calendar maximum of $1,200 per employee or dependent for Delta Premier and $1,000 per
person (periodontal, endodontic and oral surgery) for Delta Care.

Reimbursement is based on reduced contracted fees for in-network and on reasonable & customary
allowances for out-of-network.




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Covered Services:                                                           Rates are guaranteed until July 1, 2006

             Delta Premier                              BENEFIT HIGHLIGHTS                                           Delta Care
            (5,356 Dentists)                                                                                       (469 Dentists)
                                                Type I-Diagnostic and Preventive Services                     Patient Co-Payments
         100%                  Diagnostic:
                                       Initial Oral Exam and Charting (once per dentist)                     $0
                                       Periodic Oral Exam (once every 6 months)                              $0
                                       Full mouth X-rays (once every 60 months)                              $0
                                       Bite wing X-rays                                                      $0
                                       Single tooth X-rays (as needed)                                       $0
                               Preventative:
                                       Topical fluoride application for children once in any 12 month        $0
                                        interval.
                                       Prophylaxis, including cleaning, scaling, and polishing, once every   $0
                                        6 months.
                                                                                                              $0
                                       Space maintainers
                                               Type II-Restorative and Other Basic Services
         80%                   Restorative:
                                       One surface silver filling; permanent tooth                           $11
                                       One surface white filling front tooth                                 $13
                               Oral Surgery:
                                       Simple surgical tooth removal                                         $26
                               Periodontic:
                                       Gum surgery; gingival curettage                                       $60
                               Endodontics:
                                       Root canal treatment; anterior tooth                                  $70
                                       Surgical Root canal treatment                                         $66
                               Prosthetic Maintenance:
                                       Rebase denture; partial, upper or lower                               $45
                                                                                                              $30
                                       Reline denture; complete, upper or lower
                               Emergency Dental Care:
                                                                                                              $10
                                       Emergency treatment for relief of pain
                               General Anesthesia:
                                                                                                              $16
                                       With covered surgical services (up to 15 minutes)
                                                    Type III-Major Restorative Services
         50%                   Major Restorative:
                                       Porcelain and base metal crown                                        $305 plus lab
                                       Porcelain and base noble crown                                        $322 plus lab
                               Prosthodentic:
                                       Upper partial denture; resin                                          $300
                                       Bridge ponic; base metal                                              $305 plus lab
                                                                Orthodontics
         Not Available                                   Child and Adult Coverage                             Pre-ortho Visit $15
                                                Fee Allowance Based on Treatment Schedule                     Pre-Ortho Records
                                                                                                              $200
                                                                                                              Dependent Child to age
                                                                                                              19 (Up to 24 months
                                                                                                              $1950)
                                                                                                              Adult & FT Students
                                                                                                              (Up to 24 mos. $2150)
                                                      Calendar Year Deductibles
         Type I Services                                                                                      None
         None
         Type II and III
         Services
         $50 per person
         $150 family maximum
                                                       Calendar Year Maximums
         $1,200 per person                                                                                    $1,000 per person
                                                                                                              (periodontal,
                                                                                                              endodontic, and oral
                                                                                                              surgery)

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Retirement Plan

401(k) Plan
The 401(k) plan, makes it possible for you to look forward to a financially secure retirement. Through this plan,
with Hartford Life Insurance (The Hartford), you can accumulate a significant amount of savings for retirement
while reducing your taxes. You make pre-tax deductions between 1% and 100% of your total earnings up to
the annual IRS limit, which is $14,000 effective January 1, 2005. This includes your base pay, overtime,
commissions, and bonus pay. Eligible employees are considered any full-time employee working 40 hours per
week. Employees are eligible to enroll after 30 days of employment. You may change your percentage of pre-
tax deduction quarterly through the HR Dept but can change your investment portfolio at any time. Eligible
employees may begin participating in the Plan on the next payroll cycle after completion of the 30-day wait.

Vesting refers to your “ownership” of your Plan account. You are always 100% vested in your Plan
contributions (including rollover/transfer contributions you are allowed to make to the Plan), plus any earnings
they generate.

The Hartford is the 3rd largest insurance carrier in the world. Our 401(k) administrator is UBS, the largest
financial institution in the world with over 70,000 employees worldwide.

Begin taking advantage of the Plan by enrolling online and some additional enrollment paperwork through the
HR Dept.

      AllianceBernstein Global Technology                       UBS S&P 500 Index
      Davis Financial                                           AIM Basic Value
      Eaton Vance Worldwide Health Sciences                     Washington Mutual Investors
      Eaton Vance Utilities                                     UBS Global Allocation
      Oppenheimer International Growth                          Oppenheimer Quest Balanced
      EuroPacific Growth                                        American Balanced
      Templeton Foreign                                         The Bond Fund of America
      UBS US Small Cap Growth                                   PIMCO Total Return
      Lord Abbett Small-Cap Value                               Franklin Short-Intermediate US Government
      Franklin Small-Mid Cap Growth                             UBS Fiduciary Trust Company Stable Value
      Federated Kaufman                                         Lord Abbett Bond-Debenture
      AIM Mid Cap Core Equity                                   Franklin Templeton Growth Target
      Lord Abbett Mid-Cap Value                                 Franklin Templeton Moderate Target
      The Growth Fund of America                                Franklin Templeton Conservative Target
      AMCAP                                                     Oppenheimer Global Opportunities
      Hartford Capital Appreciation HLS




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Vacation
Newly hired employees will earn a maximum of .83 of a vacation day per month to a maximum of ten (10) days
in your first year. 5 days per year carry over of accrued but unused vacation time is permitted. Eligible
employees are considered any full-time employee working 40 hours per week.


Holiday Schedule
The Company provides paid time off for the observance of eight (8) holidays and three (3) floating holidays per
year. Scandius will observe the following holidays in 2005:

Holiday                               Observed               Holiday                             Observed
New Year’s Day                        January 3              Columbus Day                        October 10
Memorial Day                          May 30                 Thanksgiving Day                    November 24
Independence Day                      July 4                 Day after Thanksgiving              November 25
Labor Day                             September 5            Christmas Day                       December 26

In addition, you are eligible for 3 personal floating days to be used at your discretion with approval from your
manager. Eligible employees are considered any full-time employee working 40 hours per week.


Other Benefits
Paychecks and Direct Deposit
Paychecks are distributed bi-weekly. Employees may have their paychecks direct deposited into their bank
accounts by completing a Direct Deposit form and attaching a copy of a voided check or deposit ticket.




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