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Iomai Announces First Quarter 2007 Financial Results and Business Progress

Published in TB and Outbreaks Week, May 29th, 2007

Iomai Corporation (NASDAQ:IOMI) reported financial results and corporate progress for the first quarter ended March 31, 2007.

"This has been a productive quarter for us, highlighted by the government's decision to award Iomai a $128 million contract for the development of a dose-sparing booster patch that can be used to cut the amount of influenza vaccine required for protection in the event of a flu pandemic. We have already achieved the first milestone under that contract, which was the submission of a product development plan, on time," said Stanley C. Erck, President and Chief Executive Officer of Iomai. "We further validated our core technology -- transcutaneous...

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