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Immunotherapeutics companies announce plans to merge.

Vaccine Weekly

| March 12, 2003 | COPYRIGHT 2003 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2003 MAR 12 - (NewsRx.com & NewsRx.net) -- Epimmune, Inc., (EPMN), and Anosys, Inc., announced that they have preliminarily agreed to merge their operations to create a combined company focused on the field of immunotherapeutics and products for the treatment of cancer and infectious diseases.

The all-stock transaction is subject to the parties entering into a definitive merger agreement, approval by the shareholders of both companies, obtaining commitments for capital resources to fund the combined company's operations and various other conditions that must be satisfied prior to closing the merger. Epimmune also announced that it had withdrawn its S-1 registration statement for the sale of 7,250,000 shares of its common stock which had been previously filed on October 24, 2002 and amended on November 6, 2002.

"By combining our epitope technology with Anosys' exosome delivery technology we will create a company with significant expertise and broad intellectual property around activating antigen-specific immune responses, especially in the area of cancer vaccines," said Emile Loria, president and CEO of Epimmune.

"The combined company will have an expanded ...

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Source: HighBeam Research, Immunotherapeutics companies announce plans to merge.

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