70 billion financial holding company headquartered
in Denver., initiated coverage of Coley Pharmaceutical Group,
Inc.

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Farrar Joins Alexander Capital Management Group as COO

MEDACorp
includes thousands of biomedical professionals and practicing physicians .

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Through its consulting affiliate, MEDACorp,
Leerink Swann & Company provides biomedical-consulting services to Life
Sciences companies and to the institutional investment community.

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Leerink Swann &
Company was voted the Best Firm in Biotechnology, Medical Supplies and
Devices, Pharmaceuticals /Major and Pharmaceuticals/Specialty in the
December 2004 Institutional Investor poll ranking the best boutique and
regional firms by sector.

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1487.

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Prior to joining ACMG, he was vice
president of fund accounting and administration for Oppenheimer Funds, Inc.294.

About Coley Pharmaceutical Group, Inc.

Coley Pharmaceutical Group, Inc.

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Alexander Capital Management Group is an investment management firm for
individuals and institutional clients.

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"
Farrar brings more than 16 years of experience in the investment
management and financial service industry.
Farrar can be reached at ACMG at 303.

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He believes COLY has a compelling
technology platform utilizing toll -like receptors (TLR) to activate the
immune system, as validated by partnership agreements with Pfizer and
Sanofi-Aventis.

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CoBiz also offers full-service commercial banking through Colorado
Business Bank and Arizona Business Bank; trust and fiduciary services through
CoBiz Private Asset Management; employee and executive benefits consulting and
wealth preservation through Financial Designs; property and casualty insurance
brokerage and risk management consulting services through CoBiz Insurance; and
investment banking services through Green Manning + Bunch.

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He graduated from the University of Colorado
with a bachelor's degree in finance.

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(http://www.

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Leerink Swann & Company is a member NASD/SIPC.

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Farrar will manage and enhance the company's portfolio
accounting, account administration , marketing support and information
technology, providing a more secure infrastructure for the current and future
growth of the company.,
where he has worked since 1991.

PRESS RELEASE Leerink Swann +amp; Company Initiates Coverage of Coley Pharmaceutical Group Inc. (NASDAQ: COLY)

The company has four TLR
Therapeutic product candidates in its pipeline and is headquartered in
Wellesley , Massachusetts.

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D.

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DENVER, Scott Farrar has joined Alexander Capital
Management Group (ACMG) as chief operating officer of the investment
management firm.

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"We're very happy to welcome him to
ACMG.
This morning, Senior Biotechnology analyst,
William Tanner, Ph.

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"In this new position, Scott's expertise will add strategic, long-term
vision for our company," said Alexander.cobizbank.

with an Outperform rating. (NASDAQ: COLY) is a biopharmaceutical
company that develops TLR Therapeutics, a new class of investigational
drug candidates, which direct the human immune system to fight cancers,
infectious diseases, asthma and allergy.

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He will report directly to Howard Alexander, president
and founder, and be responsible for the day-to-day functioning of the
operational and compliance side of the firm. ACMG is part of CoBiz Inc.com), a $1.

About Leerink Swann & Company

Leerink Swann & Company is an investment banking firm that provides
healthcare equity research, corporate finance, and asset management
services for institutional and high-net -worth clients.

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