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Merriman Curhan Ford Acted as Placement Agent in GenVec's $28 Million Registered Offering
Date:2/1/2010

SAN FRANCISCO, Feb. 1 /PRNewswire-FirstCall/ -- Merriman Curhan Ford (Nasdaq: MERR) acted as a placement agent in GenVec, Inc.'s (Nasdaq: GNVC) $28 million registered offering of 14 million shares of common stock, and warrants to purchase 4.2 million shares of common stock,  to certain institutional investors. The transaction closed today.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090911/MCFLOGO)

"We have been working with the Merriman team for several years and appreciate their continued efforts in advising GenVec on its financing activities," said Douglas Swirsky, Chief Financial Officer of GenVec.

The pricing of the offering was announced on January 27, 2010 by GenVec. Details on the transaction can be found at GenVec's Web site: www.genvec.com.

About GenVec

GenVec, Inc. is a biopharmaceutical company developing novel therapeutic drugs and vaccines. GenVec's lead product, TNFerade™, is currently in a pivotal clinical study (PACT) in locally advanced pancreatic cancer. TNFerade has also
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