Item 1.02. Termination of a Material Definitive Agreement

On May 18, 2009, Trimeris, Inc. (the "Company") entered into an agreement releasing the Company from $8.3 million in future lease obligations relating to an office and laboratory building formerly occupied by the Company. The released lease obligations were pursuant to an operating lease and therefore these liabilities are not reflected on the Company's balance sheet as most recently filed with the U.S. Securities and Exchange Commission on Form 10-Q on May 12, 2009. The total consideration paid by the Company for release of the future lease obligations was $1.8 million. At March 31, 2009, this $1.8 million payment had been escrowed and was reflected on the Company's balance sheet as reported on the most recently filed Form 10-Q in "Other current assets."