vaccine; whether USAMMDA will sponsor and the
NMRC will complete preclinical and Phase 1 testing of a tetravalent,
Vaxfectin(R)-formulated DNA vaccine for dengue; whether Vaxfectin(R) or
other results in animal studies can be duplicated in human clinical trials;
whether Vaxfectin(R) will improve the immune responses against the specific
dengue vaccine targets; whether the dengue vaccine will be effective in
protecting humans against dengue infection or disease; whether the dengue
vaccine will achieve the safety and immunogenicity endpoints in the Phase 1
trial; whether Vical or its collaborative partners will seek or gain
approval to market any product candidates; whether Vical or its
collaborative partners will succeed in marketing any product candidates;
and additional risks set forth in the company's filings with the Securities
and Exchange Commission. These forward- looking statements represent the
company's judgment as of the date of this release. The company disclaims,
however, any intent or obligation to update these forward-looking
statements.