SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                    INFORMATION TO BE INCLUDED IN STATEMENTS
                  FILED PURSUANT TO RULES 13D-1 (b)(c), AND (d)
                          AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)

                               (Amendment No. 5 )*

                         AVANT IMMUNOTHERAPEUTICS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.001 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    053491106
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2001
- --------------------------------------------------------------------------------
              Date of Event Which Requires Filing of this Statement

      Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

                               |_| Rule 13d-1(b)

                               |_| Rule 13d-1(c)

                               |X| Rule 13d-1(d)

*     The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                        (Continued on following page(s))
                               Page 1 of 17 Pages


CUSIP No. 053491106                   13G                     Page 2 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Ventures II, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          115,895
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       115,895
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    115,895
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    .19%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 3 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Partners II, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          115,895
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       115,895
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    115,895
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    .19%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 4 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Ventures III, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,046,908
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,046,908
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,046,908
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    3.39%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 5 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Partners III, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,046,908
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,046,908
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,046,908
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    3.39%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 6 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Ventures IV, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          601,099
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       601,099
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    601,099
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    .99%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 7 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    HealthCare Partners IV, L.P.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          601,099
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       601,099
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    601,099
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    .99%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP No. 053491106                   13G                     Page 8 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    James H. Cavanaugh, Ph.D.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    United States
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,763,902
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,763,902
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,763,902
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    4.57%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT



CUSIP No. 053491106                   13G                     Page 9 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Harold R. Werner
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    United States
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,763,902
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,763,902
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,763,902
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    4.57%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT



CUSIP No. 053491106                   13G                    Page 10 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    William Crouse
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    United States
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,763,902
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,763,902
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,763,902
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    4.57%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT



CUSIP No. 053491106                   13G                    Page 11 of 17 Pages
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    John W. Littlechild
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    United States
- --------------------------------------------------------------------------------
                  5    SOLE VOTING POWER


                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          2,763,902
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       2,763,902
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,763,902
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    4.57%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT


Item 1.

      (a)   Name of Issuer:

            Avant Immunotherapeutics, Inc.

      (b)   Address of Issuer's Principal Executive Offices:

            119 Fourth Avenue
            Needham, Massachusetts 02494-2725

Item 2.

      (a)   Name of Person Filing:

            HealthCare Ventures II, L.P. ("HCV II"), HealthCare Partners II,
            L.P. ("HCP II"), HealthCare Ventures III, L.P. ("HCV III"),
            HealthCare Partners III, L.P. ("HCP III"), HealthCare Ventures IV,
            L.P. ("HCV IV"), HealthCare Partners IV, L.P. ("HCP IV"), Dr.
            Cavanaugh and Messrs. Werner, Littlechild and Crouse(1). See
            attached Exhibit A which is a copy of their agreement in writing to
            file this statement on behalf of each of them.

      (b)   Address of Principal Business Office or, if none, Residence:

            The business address for HCV II, HCP II, HCV III, HCP III, HCV IV,
            HCP IV and Dr. Cavanaugh and Messrs. Werner and Crouse is 44 Nassau
            Street, Princeton, New Jersey 08542. The business address for Messr.
            Littlechild is One Kendall Square, Building 300, Cambridge,
            Massachusetts 02139.

      (c)   Citizenship:

            HCV II, HCP II, HCV III, HCP III, HCV IV and HCP IV are limited
            partnerships organized under the laws of the State of Delaware. Dr.
            Cavanaugh and Messrs. Werner, Littlechild, and Crouse are each
            United States citizens.

- ----------

            (1)   Dr. Cavanaugh and Messrs. Werner, Littlechild and Crouse are
                  general partners of HCP II, HCP III and HCP IV, which are the
                  general partners of HCV II, HCV III and HCV IV, respectively,
                  the record holders of shares of the Issuer's securities
                  reported hereto.


                                                             Page 13 of 17 pages


      (d)   Title of Class of Securities:

            Common Stock, par value $.001 (the "Shares").

      (e)   CUSIP Number:

            053491106

Item 3.     If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
            check whether the person filing is a:

            Inapplicable.

Item 4.     Ownership.

      (a)   Amount Beneficially Owned:

            As of December 31, 2001: HCV II and HCP II beneficially owned
            115,895 Shares, all of which are immediately exercisable warrants to
            purchase the same number of Shares of the Issuer's Common Stock; HCV
            III and HCP III beneficially owned 2,046,908 Shares, consisting of
            1,753,971 Shares of the Issuer's Common Stock and immediately
            exercisable warrants to purchase 292,937 Shares of the Issuer's
            Common Stock; HCV IV and HCP IV beneficially owned 601,099 Shares,
            consisting of 515,074 Shares of the Issuer's Common Stock and
            immediately exercisable warrants to purchase 86,025 Shares of the
            Issuer's Common Stock; Dr. Cavanaugh and Messrs. Werner, Littlechild
            and Crouse beneficially owned 2,763,902 Shares, consisting of
            2,269,045 Shares of the Issuer's Common Stock and immediately
            exercisable warrants to purchase 494,857 Shares of the Issuer's
            Common Stock.

      (b)   Percent of Class:

            As of December 31, 2001: the 115,895 immediately exercisable
            warrants to purchase the same number of Shares of the Issuer's
            Common Stock beneficially owned by HCV II and HCP II constitute .19%
            of Issuer's Shares outstanding; the 2,046,908 Shares, which includes
            the warrants to purchase the Shares of the Issuer's Common Stock,
            beneficially owned by HCV III and HCP III constitute 3.39% of the
            Issuer's Shares outstanding; the 601,099 Shares, which includes the
            warrants to purchase the Shares of the Issuer's Common Stock,
            beneficially owned by HCV IV and HCP IV constitute .99% of the
            Issuer's Shares outstanding; the 2,763,902 Shares, which includes
            the warrants to purchase the Shares of the Issuer's Common Stock,
            beneficially owned by Dr. Cavanaugh and Messrs. Werner, Littlechild
            and Crouse constitute 4.57% of the Issuer's Shares outstanding.


                                                             Page 14 of 17 pages


      (c)   Number of shares as to which such person has:

            (i)   sole power to vote or to direct the vote:

                  Not applicable.

            (ii)  shared power to vote or to direct the vote:

                  HCV II, HCP II, Dr. Cavanaugh and Messrs. Werner, Littlechild,
                  and Crouse share the power to vote or direct the vote of those
                  Shares owned by HCV II.

                  HCV III, HCP III, Dr. Cavanaugh and Messrs. Werner,
                  Littlechild, and Crouse share the power to vote or direct the
                  vote of those Shares owned by HCV III.

                  HCV IV, HCP IV, Dr. Cavanaugh and Messrs. Werner, Littlechild,
                  and Crouse share the power to vote or direct the vote of those
                  Shares owned by HCV IV.

            (iii) sole power to dispose or to direct the disposition of:

                  Not applicable.

            (iv)  shared power to dispose of or to direct the disposition of:

                  HCV II, HCP II, Dr. Cavanaugh and Messrs. Werner and
                  Littlechild share the power to dispose of or direct the
                  disposition of those Shares owned by HCV II.

                  HCV III, HCP III, Dr. Cavanaugh and Messrs. Werner,
                  Littlechild and Crouse share the power to dispose of or direct
                  the disposition of those Shares owned by HCV III.

                  HCV IV, HCP IV, Dr. Cavanaugh and Messrs. Werner, Littlechild
                  and Crouse share the power to dispose of or direct the
                  disposition of those Shares owned by HCV IV.

Item 5.     Ownership of Five Percent or less of a Class:

            This statement is being filed to report the fact that, as of the
            date hereof, the Reporting Persons have ceased to be the beneficial
            owner of more than five percent of the class of securities of the
            Issuer.


                                                             Page 15 of 17 pages


Item 6.     Ownership of More than Five Percent on Behalf of Another Person:

            Inapplicable.

Item 7.     Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on by the Parent Holding Company:

            Inapplicable.

Item 8.     Identification and Classification of Members of the Group:

            Inapplicable.

Item 9.     Notice of Dissolution of Group:

            Inapplicable.

Item 10.    Certification:

            Inapplicable.


                                                             Page 16 of 17 pages


                                   SIGNATURES

            After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.

                                     
Dated:  February 8, 2002                HealthCare Ventures II, L.P.,
        Princeton, New Jersey           by its General Partner, HealthCare Partners II, L.P.

                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner


Dated:  February 8, 2002                HealthCare Partners II, L.P.
        Princeton, New Jersey
                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner


Dated: February 8, 2002                 HealthCare Ventures III, L.P.,
       Princeton, New Jersey            by its General Partner, HealthCare Partners III, L.P.

                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner


Dated: February 8, 2002                 HealthCare Partners III, L.P.
       Princeton, New Jersey
                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner


Dated: February 8, 2002                 HealthCare Ventures IV, L.P.,
       Princeton, New Jersey            by its General Partner, HealthCare Partners IV, L.P.

                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner


Dated: February 8, 2002                 HealthCare Partners IV, L.P.
       Princeton, New Jersey
                                        By: /s/ Jeffrey Steinberg
                                            -------------------------------------------------
                                                Administrative Partner

Dated: February 8, 2002                 By: /s/ Jeffrey Steinberg, Attorney-in-Fact
       Princeton, New Jersey                -------------------------------------------------
                                                James H. Cavanaugh, Ph.D.

Dated: February 8, 2002                By: /s/ Jeffrey Steinberg, Attorney-in-Fact
       Princeton, New Jersey               --------------------------------------------------
                                                Harold R. Werner

Dated: February 8, 2002                 By: /s/ Jeffrey Steinberg, Attorney-in-Fact
       Cambridge, Massachusetts             -------------------------------------------------
                                                John W. Littlechild

Dated: February 8, 2002                 By: /s/ Jeffrey Steinberg, Attorney-in-Fact
       Princeton, New Jersey               --------------------------------------------------
                                                William Crouse
Page 17 of 17 pages EXHIBIT A AGREEMENT JOINT FILING OF SCHEDULE 13G The undersigned hereby agree to jointly prepare and file with regulatory authorities a Schedule 13G and any future amendments thereto reporting each of the undersigned's ownership of securities of Avant Immunotherapeutics, Inc. and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned. Dated: February 8, 2002 HealthCare Ventures II, L.P., Princeton, New Jersey by its General Partner, HealthCare Partners II, L.P. By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 HealthCare Partners II, L.P. Princeton, New Jersey By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 HealthCare Ventures III, L.P., Princeton, New Jersey by its General Partner, HealthCare Partners III, L.P. By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 HealthCare Partners III, L.P. Princeton, New Jersey By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 HealthCare Ventures IV, L.P., Princeton, New Jersey by its General Partner, HealthCare Partners IV, L.P. By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 HealthCare Partners IV, L.P. Princeton, New Jersey By: /s/ Jeffrey Steinberg ------------------------------------------------- Administrative Partner Dated: February 8, 2002 By: /s/ Jeffrey Steinberg, Attorney-in-Fact Princeton, New Jersey ------------------------------------------------- James H. Cavanaugh, Ph.D. Dated: February 8, 2002 By: /s/ Jeffrey Steinberg, Attorney-in-Fact Princeton, New Jersey -------------------------------------------------- Harold R. Werner Dated: February 8, 2002 By: /s/ Jeffrey Steinberg, Attorney-in-Fact Cambridge, Massachusetts ------------------------------------------------- John W. Littlechild Dated: February 8, 2002 By: /s/ Jeffrey Steinberg, Attorney-in-Fact Princeton, New Jersey -------------------------------------------------- William Crouse