Bavarian Nordic A/S announces change in group management


Bavarian Nordic announced today that Chief Financial Officer, Hans
Christian Teisen has chosen to seek new challenges outside Bavarian
Nordic A/S. He will resign from his position at the end of February
2008 at the latest to join LifeCycle Pharma A/S as Senior Vice
President and CFO as from 1 March 2008.

The company has initiated a recruitment process for hiring a new CFO.

Since 2004 Hans Christian Teisen has contributed significantly to the
development of Bavarian Nordic and the commercialisation of IMVAMUNE®
in particular. He has furthermore played an important part in the
development of Bavarian Nordic's financial functions.




Asger Aamund
Chairman



Contacts:

Anders Hedegaard, President & CEO
Telephone: +45 33 26 83 83

Media: United States of America
Elizabeth Dempsey Becker, Bavarian Nordic Inc.
Telephone: +1 202 536-1576

Attachments

36-07