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Biotechnology Value Fund Urges Stockholders to Remove and Replace Current Board of Avigen, Inc. in an Effort to Protect and Maximize Stockholder Value
Date:3/12/2009

Sincerely, [signature] Mark N. Lampert Biotechnology Value Fund, L.P.

IMPORTANT

Your vote is important, no matter how many or how few shares you own. To vote your shares, please sign, date and return the GOLD proxy card. You may also vote by phone or on the Internet by following the instructions on the GOLD proxy card. Do not return any WHITE proxy card that you receive from management. If you have any questions or need assistance voting your shares, please contact MacKenzie Partners, Inc., which is assisting us in this matter, toll-free at (800) 322-2885 or proxy@mackenziepartners.com.

Stockholders can vote by mail, telephone or internet by following the instructions on the enclosed GOLD proxy card.

If you have questions or need assistance voting your shares please contact:

                                    Mark Harnett
                                 105 Madison Avenue
                              New York, New York 10016
                             proxy@mackenziepartners.com
                            Call Collect: (212) 929-5500
                                         or
                             Toll-Free (800) 322-2885


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SOURCE Biotechnology Value Fund, L.P.
Copyright©2009 PR Newswire.
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