BioAlliance Pharma acquires the European commercialization rights

Paris, December 5, 2007 - BioAlliance Pharma SA (Euronext Paris - ticker code BIO), today announced that it has entered into an exclusive licensing agreement with Immtech Pharmaceuticals Inc. (AMEX: IMM) covering the European commercialization rights to pafuramidine maleate.

This patented, orally administered new chemical entity is currently in Phase III clinical trials in the USA for two indications: the treatment of Pneumocystis Pneumonia (PCP) in AIDS patients and human African trypanosomiasis (also known as sleeping sickness). Pafuramidine has orphan designation in the United States. BioAlliance has also negotiated the grant of an option to sell pafuramidine in Europe for the prevention and treatment of malaria in travelers.

More info on BioAlliance's website or on the press release