How it started
History
Iomai Corporation was headquartered at 20 Firstfield Road, Gaithersburg, Maryland, and employed approximately 110 people at the time of its 2008 acquisition.
The company's transcutaneous immunization (TCI) technology, originally discovered by researchers at the Walter Reed Army Institute of Research, used the heat-labile toxin (LT) of Escherichia coli as an adjuvant to stimulate Langerhans cells in the outer layers of the skin, producing immune responses without the need for needles. Iomai traded on Nasdaq under the ticker symbol "IOMI" and by 2007 had roughly 25.5 million shares outstanding.
Government and industry partnerships
In January 2007, Iomai entered into a contract with the United States Department of Health and Human Services, potentially worth up to $128 million over five years, to develop a dose-sparing immunostimulant patch for use alongside injected pandemic influenza vaccines. Iomai also received Small Business Innovation Research (SBIR) awards, including funding to develop a transcutaneous anthrax vaccine.
In June 2007, Iomai announced publication in The Lancet of positive Phase II field-study data demonstrating efficacy of its travelers' diarrhea vaccine patch, which used the heat-labile toxin of enterotoxigenic E. coli (ETEC) delivered transdermally.
From Wikipedia’s article on IOMAI, shared under CC BY-SA 4.0.2