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Equity Financing
6 Months Ended
Jun. 30, 2011
Equity Financing [Abstract]  
Equity Financing
Note 5. Equity Financing
 
The Company relied on its existing high net worth shareholders until the end of 2010. The Company is in discussions with certain potential investors and lenders to meet the Company's expenses during the next six months and beyond.
 
On February 4, 2010, Mymetics engaged a US based investment bank to lead the effort of raising approximately $40 million in a private placement from targeted financial institutions to meet Mymetics' capital requirements for continued development of its vaccine pipeline.