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ID Biomedical Corporation - Incentive Options Granted.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 22, 1996--ID BIOMEDICAL CORPOR (TSE IDB.,NASDAQ IDBEF.) ID Biomedical Corporation (IDB) announced today that it has granted incentive stock options to purchase up to 132,500 common shares to a Director of the Company, a Director of a subsidiary and three Service Providers of the Company, pursuant to IDB's Stock Option Plan. The stock options are exercisable on or before November 22, 1999, at a price of Cdn$4.85 per common share. The exercise price of Cdn$4.85 is based on the closing price per share of the Company's common shares on The Toronto Stock Exchange on November 21, 1996.

ID Biomedical is a North American biotechnology company which is developing a DNA diagnostic system and related products based on its proprietary CPT technology. The Company, through its subsidiary ID Vaccine Corporation, is also engaged in the development of subunit vaccines and immunotherapeutics against infectious diseases.

ID BIOMEDICAL CORPORATION

CONTACT: ID Biomedical Corporation

Hugh Notman, 604/431-9314

INTERNET: INFO@idbiomed.com
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Publication:Business Wire
Date:Nov 22, 1996
Words:170
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