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Intercell Announces Q4 and Preliminary Full Year 2009 Financial Results
Date:3/2/2010

. Costs of goods sold of EUR 12.5m, exceeding revenues from product sales in the launch year, and increased research and development expenses of EUR 62.5m, reflecting Intercell's commitment to value creation through innovation, resulted in a net loss of EUR 18.4m for the full year 2009, compared to a net profit of EUR 17.2m in 2008. With EUR 180.0m in cash and marketable securities at year-end, Intercell has a strong financial position to enable the progression of late-stage product candidates and its advanced clinical pipeline. For 2010, the Company's management expects growing revenues from product sales, further increases in R&D spending and a resulting net loss comparable to 2009.

IXIARO®/JESPECT® - Foundation for further growth

In 2009, Intercell gained approvals for IXIARO®/JESPECT®, a vaccine protecting travelers against Japanese Encephalitis, in Australia, the U.S., Europe, and Canada, totaling 32 countries. Novartis, Intercell's marketing partner in the majority of these territories, is building awareness and optimizing product uptake in all relevant countries. Intercell entered into an exclusive long-term supply contract with the U.S. military, with first sales of IXIARO® to the U.S. military in September 2009.


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