Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) In connection with the appointment of Mr. Barclay Phillips as Senior Vice President and Chief Financial Officer of Micromet, Inc. (the "Company"), the Company entered into an employment agreement with Mr. Phillips as of August 30, 2008. On November 18, 2008, the Company and Mr. Phillips entered into an amendment to the employment agreement. The amendment to the employment agreement provides that Mr. Phillips' eligibility to participate in the Company's Management Incentive Compensation Plan, or in such other bonus plan as may be adopted by the Board of Directors for the senior executive officers of the Company, will be deferred until calendar year beginning January 1, 2010. In addition, the amendment to the employment agreement provides that certain relocation benefits payable to Mr. Phillips may be extended to December 31, 2010.

The forgoing description of the amendment to Mr. Phillips' employment agreement is not complete and is qualified in its entirety by reference to the amendment, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2008.