From an objective analysis of the numbers (scale & scope of accomplishment), there is no competition to INTARCIA's unprecedented $210M financing deal in this category. The massive Series C funding allows the company to do its own global Phase 3. Furthermore, there was an impressive amount of courage, determination & vision displayed when this small company turned down fistfuls of attractive term sheets (that most companies its size would have jumped at) in order not to forego the true prize of continued independence. Intarcia deserves this award for their sheer numbers, their sheer nerve, and their entrepreneurial accomplishment. They are building something important & valuable. If their Phase 3 is successful, Intarcia will be in an enviable position of strength to determine its future from there. As good as the competition is this year, Intarcia is the clear winner in this category.