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Immune Pharmaceuticals Completes Merger with EpiCept Corporation
Date:8/25/2013

daq OMX Stockholm Exchange under the symbol IMNP and on the OTCQX under the symbol EPCTD.  The Company's trading symbol on the OTCQX will revert to IMNP on September 19, 2013.

The Company also announced today that, in connection with the closing of the merger, the composition of the Company's board of directors has changed and increased to seven persons.  Daniel Teper, the Company's Chief Executive Officer, has joined the board of directors as Chairman.  David Sidransky, Professor of Oncology at the Johns Hopkins School of Medicine, has been appointed Vice Chairman.  Ana Stancic has been named the chairperson of the Company's audit committee.  Isaac Kobrin, Herve de Kergrohen, and Pierre Albouy have also been named to the Company's board.  Robert Cook, EpiCept's previous interim President and CEO, retains his position on the board and has become the Company's Chief Financial Officer.  Alan Dunton, previous non-executive chairman of EpiCept, Robert Savage, and Keith Brownlie have resigned their positions, effective as of the closing date of the merger.

Immune has initiated its Phase II program with bertilimumab and plans to begin enrolling patients into a multi-national clinical trial for the treatment of moderate-to-severe ulcerative colitis. The Company expects to begin trials in late 2013 for the treatment of bullous pemphigoid, a rare auto-immune condition that affects the skin and causes the formation of blisters.  The Company anticipates data from these Phase II trials in 2014.

Bertilimumab is a first-in-class monoclonal antibody (mAb) that targets eotaxin-1, a small protein that attracts and activates several sub-classes of immune cells. 
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SOURCE Immune Pharmaceuticals Inc.
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