Pharmexa has sold the previously licensed patent rights to Bavarian Nordic's MVA-BN-HER2 vaccine for a single cash payment. This transaction will reduce patent costs as well as improve Pharmexa's cash position. Hørsholm, February 23, 2009 Achim Kaufhold Chief Executive Officer Additional information: Claude Mikkelson, Senior Vice President, Finance and Investor Relations, tel +45 4516 2525 or +45 4060 2558 Achim Kaufhold, Chief Executive Officer, tel +45 4516 2525