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Immune Design Announces $18 Million Series A Financing
Date:6/23/2008

Company to Focus on Prophylactic and Therapeutic Vaccines for Infectious

Diseases

SEATTLE, June 23 /PRNewswire/ -- Immune Design, a new generation vaccine company built on emerging understanding of the human immune system, today announced the closing of an $18 million Series A financing. The current round was co-led by Alta Partners, The Column Group and Versant Ventures. The Column Group initially incubated the Company.

"We are pleased and fortunate to have such an outstanding syndicate of investors joining a world class team of experienced founders and scientific leaders at Immune Design," said Steven Reed, Ph.D., Chief Executive Officer. "While vaccines and immunotherapeutics represent a growing market that is receiving increased interest from pharmaceutical companies, true innovation in the field has been stagnant. We are working to leverage breakthrough technologies toward developing new and better approaches to this area."

Most current vaccines and immunization protocols rely on generic stimulation of the immune system -- a limited and inefficient method. Immune Design is addressing these limitations with improved adjuvants and novel technologies targeting and controlling dendritic cells, which have recently been shown to orchestrate how effectively the immune system mounts an effective response. This approach could create an entirely new generation of prophylactic and therapeutic vaccines for infectious diseases and extend the coverage of current vaccines. The company expects to be in the clinic within 12 months with vaccines using its best in class molecular adjuvants, which will soon be followed by novel vaccines using the dendritic cell directed platform.

The Company's founders include Dr. David Baltimore, Nobel Laureate, President Emeritus of Cal Tech and one of the world's most prominent immunologists; Dr. Steven Reed, founder of the Infectious Disease Research Institute (IDRI), founder
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SOURCE Immune Design
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