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Company Announcement no. 12-06
30 June 2006
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Bavarian Nordic in continued dialogue with possible strategic partners

In connection with the announcement of Bavarian Nordic’s interim report as of 31 March 2006 we communicated the following:

“Bavarian Nordic continues to evaluate the possibilities to enter into a strategic alliance with an international vaccine manufacturer. The company is in discussions with potential collaboration partners and aims to give a status on this activity before end of the first-half of 2006.”

Bavarian Nordic is still conducting exploratory dialogues with potential international partners. At this point of time it is still uncertain whether these discussions will lead to a concrete collaboration. However, Bavarian Nordic expects that the discussions will continue throughout 2006.



Kvistgård, 30 June 2006

Asger Aamund
Chairman of the Board
Contacts:
Anders Hedegaard, President & CEO, Tel.: +45 3326 8383
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