Thank you very much, Madam Chair.
Thank you, gentlemen, for coming to the committee this afternoon.
The first question I have is for Dr. Gagnon. On page 5 of your presentation you show the R and D-to-sales ratio. I need some clarification. If you are listing countries, in Switzerland it looks like they reinvest 35% more than total sales. Can you maybe explain how this works? Where does the money come from?