BIOMIRA INC. (BIOM) EXERCISES RIGHTS IN PRIMA BIOMED (PRR.AX)

Biomira Inc. announced today that it has exercised its put option to acquire an equity position in Prima BioMed Ltd. ("Prima"), an Australian biotech company. In March 2004, Biomira announced a technology licensing and commercial agreement with CancerVac, a subsidiary of Prima, acquiring a 10 per cent equity stake in CancerVac. Biomira had the right to convert this stake to shares in Prima, which it has now exercised.

BioSpace (http://www.biospace.com/news_story.cfm?StoryID=20641020&full=1)