Inimex Achieves Milestone Targets

June 15, 2005

Inimex Pharmaceuticals is pleased to report successful completion of key 2005 R&D milestones ahead of schedule, triggering release of $4 million in funds from Series A investors. Inimex is developing first in class products that selectively modulate the innate immune response. These medicines show promise for the safe and effective treatment of a broad spectrum of serious unmet medical needs. The lead indication is for treatment of hospital pneumonia. In 2004 the company announced an $8 million Series A venture financing.

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