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

and former Chief Scientific Officer of Corixa and an authority in the areas of infectious diseases and molecular adjuvants; and Dr. Larry Corey, Chief of Infectious Diseases at the Fred Hutchison Cancer Research Center and a world expert in HIV and Herpes virology as well as a leading vaccinologist. Additional founding scientists, Dr. Lili Yang of Cal Tech and Dr. Pin Wang of University of Southern California bring their new vaccine technologies to Immune Design.

"By targeting dendritic cells, we hope to both improve the response to current antigens and tailor the cellular and hormonal response to address new disease areas," said Dr. Baltimore. "In addition, our novel adjuvant program is generating highly immunogenic adjuvants with improved reactogenic properties which will broaden protection across patient populations and minimize the amount of antigen required." Dr. Ed Penhoet, Partner at Alta Partners and former CEO of Chiron Corporation will serve as Board Chairman. Other Board members include Dr. Richard Klausner, Partner in The Column Group, former Director of the National Cancer Institute and former Executive Director of Global Health at the Bill and Melinda Gates Foundation, Dr. Baltimore and Dr. Brian Atwood, Partner at Versant Ventures.

"Vaccines generated over $16 billion dollars in sales in 2007. Influenza vaccines alone are predicted to reach over $4 billion in sales by 2012," said Dr. Penhoet. "At Immune Design, we see a unique opportunity to develop a platform technology that could be used to efficiently generate multiple vaccines to address a wide range of infectious diseases."

Dr. Larry Corey will chair an illustrious Scientific Advisory Board that includes Dr. Ralph Steinman, Henry G. Kunkel Professor and Senior Physician at Rockefeller University and the discoverer of dendritic cells; Dr. Inder Verma, professor in the Laboratory of Genetics and American Cancer Society Professor of Molecular Biology at the Salk Institute and a
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SOURCE Immune Design
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