Some matters discussed in this press release constitute
"forward-looking statements" that involve known and unknown risks and
uncertainties that could cause actual results to differ materially from
those expressed or implied by the forward-looking statements. Such
forward-looking statements include statements that Iomai will successfully
commercialize its travelers' diarrhea vaccine patch; that such vaccine
would be approved with self-application of any dose; statements about
Iomai's plans to initiate a Phase 3 study in the summer of 2009 and the
potential size of the market for a travelers' diarrhea vaccine; and that,
if approved, Iomai's vaccine would be the first available in the U.S.
Applicable risks and uncertainties include, among others, that Iomai may
not be able to enroll sufficient numbers of patients in future clinical
trials; that future clinical trials may not replicate results seen in the
trial described in this press release; that Iomai may be unable to obtain
the regulatory approvals or financing necessary to conduct additional
clinical trials, to conduct those trials in the indicated timeframes or to
market any product for travelers' diarrhea; that the FDA or other
regulatory authorities may not concur with Iomai's analysis of the trial
results described in this press release; that estimates of market size
overstate the number of travelers who would use such a product, if it were
approved; that competitors may develop products that are safer, more
effective, or more convenient to use; and the risks identified under the
heading "Factors That May Impact Future Results" in Management's Discussi
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