Trimeris, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2009

DURHAM, N.C.--(BUSINESS WIRE)--Trimeris, Inc. (Nasdaq: TRMS) (“Trimeris” or the “Company”) today announced financial results for the three months and full year ended December 31, 2009. The Company reported net income of $7.2 million, or $0.32 per share for the fourth quarter of 2009 compared with $1.5 million, or $0.07 per share for the fourth quarter of 2008. The Company reported net income of $12.3 million, or $0.55 per share for the year ended December 31, 2009, compared with $8.0 million, or $0.36 per share for the year ended December 31, 2008. The increase primarily reflects income recognized from the one time $12.0 million reverse termination fee paid to the Company in connection with the previously announced termination of its merger agreement with Arigene Co., Ltd. (“Arigene”) and lower operating expenses, offset in part by decreased FUZEON® sales and an increase in tax expenses.