Idera 
                Delays Study of TLR9 Agonist IMO-2125 for Hepatitis C
              
              
                 
                  | SUMMARY Idera Pharmaceuticals has decided to hold off on a planned 
                    clinical trial of its experimental hepatitis C drug IMO-2125, 
                    pending further toxicity data from ongoing animal studies.
 | 
              
              Below 
                is an edited excerpt from an Idera press release explaining the 
                latest developments.
              Idera 
                Pharmaceuticals Delays Initiation of Phase 2 Clinical Trial of 
                IMO-2125 (Toll-Like Receptor-TLR-9 agonist) in Treatment-Naive 
                HCV Patients
               Cambridge, 
                Mass. -- April 22, 2011 -- Idera Pharmaceuticals, Inc. (Nasdaq: 
                IDRA) today announced that it has chosen to delay initiating its 
                planned Phase 2 clinical trial of IMO-2125 based on preliminary 
                data from a 26-week nonclinical toxicology study of IMO-2125 in 
                rodents. The Phase 2 clinical trial involves the evaluation of 
                IMO-2125 plus ribavirin in treatment-naive, genotype 1 hepatitis 
                C virus (HCV) patients.
Cambridge, 
                Mass. -- April 22, 2011 -- Idera Pharmaceuticals, Inc. (Nasdaq: 
                IDRA) today announced that it has chosen to delay initiating its 
                planned Phase 2 clinical trial of IMO-2125 based on preliminary 
                data from a 26-week nonclinical toxicology study of IMO-2125 in 
                rodents. The Phase 2 clinical trial involves the evaluation of 
                IMO-2125 plus ribavirin in treatment-naive, genotype 1 hepatitis 
                C virus (HCV) patients.
              "IMO-2125 
                has been evaluated in 96 HCV-infected patients in two Phase 1 
                studies and no treatment-related serious adverse events or treatment-related 
                discontinuations have been observed."
              Idera 
                is conducting chronic 26-week nonclinical toxicology studies of 
                IMO-2125 in rodents and non-human primates. Preliminary analysis 
                of the histology data from the rodent study showed instances of 
                atypical lymphocytic proliferation. The company expects data from 
                the non-human primate study and additional histology data from 
                the rodent study during the second half of 2011.
              "Conduct 
                of the planned 12-week Phase 2 trial of IMO-2125 was supported 
                by previously completed 13-week nonclinical toxicology studies 
                in rodents and non-human primates. However, given the preliminary 
                26-week nonclinical toxicology data, we have decided to delay 
                initiating the Phase 2 trial. We plan to determine our path forward 
                after we have fully evaluated the data from our chronic nonclinical 
                toxicology studies of IMO-2125," said Sudhir Agrawal, D.Phil, 
                Chairman and Chief Executive Officer at Idera. "IMO-2125 
                has been evaluated in 96 HCV-infected patients in two Phase 1 
                studies and no treatment-related serious adverse events or treatment-related 
                discontinuations have been observed."
              About 
                IMO-2125
              IMO-2125, 
                a Toll-like Receptor (TLR) 9 agonist, is a novel immune modulator 
                being developed as a component of treatment for chronic hepatitis 
                C virus (HCV) infection. IMO-2125 is designed to stimulate the 
                immune system, causing the body to generate natural interferons 
                and other antiviral cytokines. IMO-2125 has been evaluated in 
                a Phase 1 clinical trial in null-responder HCV patients as monotherapy 
                for four weeks and in a Phase 1 clinical trial in treatment-naïve 
                HCV patients in combination with ribavirin for four weeks.
              About 
                Idera Pharmaceuticals, Inc.
               Idera 
                Pharmaceuticals develops drug candidates to treat chronic hepatitis 
                C virus infection, autoimmune and inflammatory diseases, cancer, 
                and respiratory diseases, and for use as vaccine adjuvants. The 
                company's proprietary drug candidates are designed to modulate 
                specific Toll-like Receptors, which are a family of immune system 
                receptors. Idera's pioneering DNA and RNA chemistry expertise 
                enables us to create drug candidates for internal development 
                and generates opportunities for multiple collaborative alliances. 
                For more information, visit www.iderapharma.com.
Idera 
                Pharmaceuticals develops drug candidates to treat chronic hepatitis 
                C virus infection, autoimmune and inflammatory diseases, cancer, 
                and respiratory diseases, and for use as vaccine adjuvants. The 
                company's proprietary drug candidates are designed to modulate 
                specific Toll-like Receptors, which are a family of immune system 
                receptors. Idera's pioneering DNA and RNA chemistry expertise 
                enables us to create drug candidates for internal development 
                and generates opportunities for multiple collaborative alliances. 
                For more information, visit www.iderapharma.com.
              4/26/11
              Source
                Idera 
                Pharmaceuticals. Idera Pharmaceuticals Delays Initiation of Phase 
                2 Clinical Trial of IMO-2125 (Toll-Like Receptor -TLR-9 agonist) 
                in Treatment-Naive HCV Patients. Press release. April 22, 2011.