Idera Pharmaceuticals, Inc. Announces Effectiveness Of Reverse Split

CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 29, 2006--Idera Pharmaceuticals (AMEX: IDP - News) announced today that its previously declared one-for-eight reverse stock split became effective at the close of business today. Beginning tomorrow, Idera’s common shares will begin trading on a reverse split-adjusted basis. The stock symbol (IDP) will remain unchanged.

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