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Vical Announces Strategic Restructuring and Staff Reduction
Date:11/21/2008

ls on the impact of this restructuring with the issuance of its 2008 year-end results and 2009 financial guidance in February 2009.

About Vical

Vical researches and develops biopharmaceutical products based on its patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. Potential applications of the company's DNA delivery technology include DNA immunotherapeutics for cancer, in which the expressed protein is an immune system stimulant; DNA vaccines for infectious diseases, in which the expressed protein is an immunogen; and cardiovascular therapies, in which the expressed protein is an angiogenic growth factor. The company is developing certain infectious disease vaccines and cancer therapeutics internally. In addition, the company collaborates with major pharmaceutical companies and biotechnology companies that give it access to complementary technologies or greater resources. These strategic partnerships provide the company with mutually beneficial opportunities to expand its product pipeline and serve significant unmet medical needs. Additional information on Vical is available at http://www.vical.com.

This press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include statements about specific restructuring activities; future cash expenditures and operating expenditures; development of Allovectin-7(R), the CMV vaccine and the pandemic influenza vaccine; and strategic partnerships. Risks and uncertainties include: whether we will be successful in securing partnering opportunities for the congenital disease application of our CMV vaccine or for our pandemic influenza DNA vaccines; whether our costs will decline after the restructuring to the levels we expect; whether Vi
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SOURCE Vical Incorporated
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