Taro is a multinational; science-based pharmaceutical company dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products. Established in 1950, Taro Pharmaceutical Industries Ltd. (together with its affiliates “Taro”) is a research-based, global specialty pharmaceutical company that develops, manufactures and markets affordable prescription and over-the-counter pharmaceutical products. Taro specializes in generic products, but also produces private label and branded drugs. Taro’s research programs and niche strategy have enabled the Company to achieve important role in the specialty pharmaceutical sector. We are a leading manufacturer and supplier of topical dermatological products (such as creams, ointments, and gels) and also have a growing line of solid dosage form products (tablets and capsules). As of December 31, 2011, Taro marketed more than 180 pharmaceutical products in over 20 countries. Taro customers include wholesalers, drugstore chains, grocery chains, mass volume retailers, healthcare institutions, independent drug stores and discount retailers.