EGALET CORP

CUSIP: 28226B104 Class: COM

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 292,500 Value ($000) $2,226 Avg Close — Range —

Q2 2016

Shares 292,500 Value ($000) $1,451 Avg Close — Range —

Q1 2016

Shares 292,500 Value ($000) $2,007 Avg Close — Range —

Q4 2015

Shares 292,500 Value ($000) $3,223 Avg Close — Range —

Q3 2015

Shares 325,000 Value ($000) $4,284 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	292,500	$2,226	—	—
Q2 2016	292,500	$1,451	—	—
Q1 2016	292,500	$2,007	—	—
Q4 2015	292,500	$3,223	—	—
Q3 2015	325,000	$4,284	—	—