Munich/Zug, 10 March 2005 Global Life Science Ventures (GLSV) today announced that
Intercell AG successfully listed on the Vienna Stock Exchange on February 28. Intercell
shares started trading on the Prime Market of the Vienna Stock Exchange (Wiener Börse)
under the symbol ICLL. On the first day of trading, the stock closed at EUR 5.70 which
represented a 3.64% increase over the offer price of EUR 5.50 per share. The public listing
allowed Intercell to raise EUR 46.75 million in a transaction that was oversubscribed. GLSV
was the lead investor in the series C financing round of Intercell which was the last financing
round before the IPO. The series C financing took place in 2003. GLSV holds an ongoing
position on the Board of Directors of Intercell.
Dr Hans Küpper, Partner at GLSV, remarked: "Intercell has made outstanding progress as a
growing biotechnology company with a clear, original focus on developing preventative and
therapeutic vaccines for the treatment of infectious diseases." He added: "In just over 6 years,
it has made the transition from a promising start-up company to a publicly listed enterprise
with a broad pipeline of vaccine candidates addressing significant burdens of disease. It has
been both exciting and rewarding to follow the company’s development. Through the public
listing, Intercell is well on track to establish itself as a leading European biotechnology
company with considerable staying power and commercial potential."
Founded in 1998, Intercell discovers and develops innovative immunological products and
technologies. Intercell is engaged in the development of so-called "smart vaccines" that are
based on the combination of proprietary antigens and immunizers (adjuvants). The company’s
technology has been endorsed by collaborative agreements with global pharmaceutical
companies including Aventis and Merck&Co, Inc..
Intercell has a broad development pipeline with a vaccine for Japanese Encephalitis entering
phase III trials, a vaccine for Hepatitis C undergoing phase II trials, and five products focused
on infectious diseases in the pre-clinical phase, including a Pneumonia vaccine, a Group A
Streptococcus vaccine and a traveler's diarrhea vaccine.
Dr. Peter Reinisch, Partner at Global Life Science Ventures, commented: "Intercell is the
second company financed by GLSV’s second fund, GLSV II, to exit within the last six
About Global Life Science Ventures:
GLSV is a leading, independent venture capital fund focusing exclusively on the life sciences.
With offices in Germany and Switzerland, GLSV is dedicated to providing finance primarily
to early-stage groups, originating from universities, scientific institutions or industry, as well
as selected later stage companies, including buy-outs. The group currently advises and
manages funds greater than €200 million. Up to now, GLSV has financed 27 leading
biotechnology companies, nine of which have completed a successful exit through IPO or
M&A. GLSV has built a broadly diversified portfolio of companies in pharmaceuticals,
diagnostics, medical devices, and biotechnology.
Global Life Science Ventures
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