Exhibit 10.54 IDERA PHARMACEUTICALS, INC. EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into by and between Robert Karr ("Executive") and Idera Pharmaceuticals, Inc., a Delaware corporation (the "Company"), and is...Employment Agreement • March 31st, 2006 • Idera Pharmaceuticals, Inc. • Biological products, (no disgnostic substances) • Massachusetts
