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Iomai Wins Department of Defense Grant to Develop a Stable, Patch-Based Anthrax Vaccine
Date:4/8/2008

ls to cGMP since 1998. Process development and cGMP manufacture of the rPA anthrax vaccine and the plague vaccine have been carried out at this site since 2000. Avecia Biotechnology Inc. is a leader in the field of contract manufacture of oligonucleotides at its facility in Milford, Mass.

On March 20, 2008 Avecia Biologics Ltd. and PharmAthene, Inc., a biodefense company specializing in the development and commercialization of medical countermeasures against biological and chemical threats, announced that they had entered into a definitive sale and purchase agreement under which PharmAthene will acquire all of the assets and intellectual property related to Avecia's biodefense vaccines business.

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 about the anticipated reimbursement from USAMRMC for the costs associated with preclinical testing described in this press release; and the possibility of developing a stable anthrax vaccine patch capable of being stockpiled and shipped at room temperatures. Applicable risks and uncertainties include, among others, that Iomai may not meet its milestones in order to fully perform under the grant and thereby may not receive complete reimbursement from USAMRMC; that USAMRMC will not authorize all tasks under the grant; that the timing and effectiveness of the pre-clinical studies are dependent on sufficient coordination and cooperation with third parties, including, without limitation, the supply of anthrax antigen from Avecia Biologics Ltd.; that pre-clinical studies fail to indicate that Iomai's dry patch formulation of the anthrax antigen will be stable and capable of being stored and shipped at room temperatures; and the other risks identified under the h
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SOURCE Iomai Corporation
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