quality. In January 2006, MoGen’s extensive R&D expenditures had resulted in a portfolio of five core products that focused on supportive cancer care. The success of that portfolio had been strong enough to offset other R&D write-offs so that MoGen was able to report $3.7 billion in profits in 2005 on $12.4 billion in sales. /sales had grown at an annual rate of 29% over the previous five years, and earnings per share had improved to $2.93 for 2005, compared with $1.81 and $1.69 for 2004 and 2003, respectively (Exhibits 1 and 2 ).