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IDM Pharma Reports 2007 Financial Results
Date:3/20/2008

ment to the L-MTP-PE new drug

application, or NDA, to the FDA in the fourth quarter of 2008.

-- Updated Phase 3 data on L-MTP-PE was presented at the Connective

Tissue Oncology Society, or CTOS, meeting in November 2007. Also,

data from our L-MTP-PE compassionate use program was presented at the

November 2007 meeting of the International Society of Pediatric

Oncology, or SIOP.

-- Announced Phase 3 Mifamurtide (L-MTP-PE) study demonstrating improved

survival was published in the Journal of Clinical Oncology in February

2008. Children's Oncology Group report shows the addition of L-MTP-PE

to chemotherapy reduced the risk of death by 30% in osteosarcoma

patients.

-- In June 2007, we completed a registered direct offering of our common

stock, and warrants to purchase common stock, and received

approximately $25.0 million in gross proceeds, and finished 2007 with

$28.4 million, providing cash for operations into the first half of

2009.

"We made significant progress over the past year in our efforts to bring our lead product candidate, L-MTP-PE, to market in Europe," said Timothy P. Walbert, president and chief executive officer, IDM Pharma. "We are developing L-MTP-PE for the treatment of osteosarcoma, the most common type of bone cancer affecting adolescents. We believe our updated survival data from the L-MTP-PE Phase 3 trial, demonstrating statistically superior overall survival in long-term patient follow-up, were critical to the recent non-binding opinion of the Committee for Medicinal Products for Human Use in Europe that L-MTP-PE suggested a possible clinical benefit in terms of survival. We remain committed to resolving the remaining items of the L-MTP-PE European Marketing Authorization Application and working at the same time to advance this important potential treatment through its U.S. regulatory path.
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SOURCE IDM Pharma, Inc.
Copyright©2008 PR Newswire.
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