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Distributed: June 3, 2008

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Bavarian Nordic A/S Bavarian Nordic's subsidiary, BN ImmunoTherapeutics has initiated Phase I/II clinical studies with its therapeutic vaccine candidate against prostate cancer.

A Phase I/II safety and tolerability study in 18 male patients with non-metastatic as well as hormone-insensitive prostate cancer has begun enrolment in the US. Secondary objectives of the trial include examining the ability of the vaccine to induce prostate antigen-specific immune responses, as well as clinical anti-tumor activity. Preliminary data is expected during second half year 2009.

The therapeutic vaccine, based on the Company's MVA-BN® technology, is designed to generate cellular and humoral immune responses to PSA and PAP (prostate specific antigen and prostatic acid phosphatase), which are both well-known prostate cancer tumor targets.

Prostate cancer is, along with breast cancer, in the top three cancer market, each with more than 500,000 new diagnosed incidents globally per year and only limited treatment options.

Anders Hedegaard, President & CEO of Bavarian Nordic, commented: "The initiation of clinical studies with our therapeutic prostate cancer vaccine advances our cancer portfolio and with both breast and prostate cancer vaccines in clinical development, we have now strengthened the cancer business area, which is an essential part of our strategy going forward."

Kvistgård, 3 June 2008

Asger Aamund Chairman



Contact: Anders Hedegaard, President & CEO | +45 23 20 30 64



LINK: http://hugin.info/100065/R/1224479/258612.pdf

Bavarian Nordic A/S

http://www.bavarian-nordic.com

ISIN: DK0015998017

Stock Identifier: XCSE.BAVA



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