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Genaera to Present at Biotech 2007 and BIO InvestorForum

PLYMOUTH MEETING, Pa., Oct. 5 /PRNewswire-FirstCall/ -- Genaera Corporation (Nasdaq: GENR) today announced that the Company will be presenting at two upcoming conferences, Biotech 2007 in Philadelphia on October 8-9, 2007 and the BIO InvestorForum in San Francisco on October 9-11, 2007.

Henry R. Wolfe, Ph.D., Executive Vice President and Chief Scientific Officer of Genaera, is scheduled to participate in a panel session entitled, "Advancing Obesity Therapeutics" to be held at Biotech 2007 at the Loews Philadelphia Hotel in Philadelphia on Tuesday, October 9, 2007.

At BIO InvestorForum in San Francisco, Michael J. Gast, M.D., Ph.D., Executive Vice President and Chief Medical Officer of Genaera, is scheduled to participate as part of an obesity panel entitled, "Obesity Management: The Thick and Thin of New Targets and Treatments." The panel is expected to be held at the Palace Hotel beginning at 9:10 AM PT (12:10 PM ET) on Wednesday, October 10, 2007.

Additionally, Jack Armstrong, President and CEO of Genaera, is scheduled to provide a company overview, also at BIO InvestorForum, at 2:00 PM PT (5:00 PM ET) on Thursday, October 11, 2007.

About Genaera

Genaera Corporation is focused on advancing the science and treatment of metabolic diseases. The Company has significant market opportunities with a first-in-class molecule, trodusquemine (MSI-1436), that has the potential to redefine the treatment paradigm for obesity and type 2 diabetes and is presently in a Phase 1 trial in obesity. In addition, Genaera has a value- driven, fully out-licensed partnership with MedImmune, Inc. for a second core program that is presently undergoing Phase 2 clinical testing in asthma. Genaera is committed to directing resources to its core program and the aggressive clinical development of its key assets to build stockholder value.

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties, known and unknown. Forward-looking statements reflect management's current views and are based on certain expectations and assumptions. Such statements include, among others, statements regarding these preliminary results, clinical development plans and prospects for Genaera's programs including trodusquemine (MSI-1436), the IL-9 antibody program, LOMUCIN(TM), or squalamine. You may identify some of these forward-looking statements by the use of words in the statements such as "anticipate," "believe," "continue," "develop," "expect," "plan" and "potential" or other words of similar meaning. Genaera's actual results and performance could differ materially from those currently anticipated and expressed in these and other forward-looking statements as a result of a number of risk factors, including, but not limited to: Genaera's history of operating losses since inception and its need for additional funds to operate its business; the costs, delays and uncertainties inherent in scientific research, drug development, clinical trials and the regulatory approval process; the risk that clinical trials for Genaera's product candidates, including trodusquemine (MSI-1436), the IL-9 antibody program, LOMUCIN(TM), or squalamine may be delayed or may not be successful; the risk that Genaera may not obtain regulatory approval for its products, whether due to adequacy of the development program, the conduct of the clinical trials, changing regulatory requirements, different methods of evaluating and interpreting data, regulatory interpretations of clinical risk and benefit, or otherwise; Genaera's reliance on its collaborators, in connection with the development and commercialization of Genaera's product candidates; market acceptance of Genaera's products, if regulatory approval is achieved; competition; general financial, economic, regulatory and political conditions affecting the biotechnology and pharmaceutical industry; and the other risks and uncertainties discussed in this announcement and in Genaera's filings with the U.S. Securities and Exchange Commission, all of which are available from the Commission in its EDGAR database at as well as other sources. You are encouraged to read these reports. Given the uncertainties affecting development stage pharmaceutical companies, you are cautioned not to place undue reliance on any such forward-looking statements, any of which may turn out to be wrong due to inaccurate assumptions, unknown risks, uncertainties or other factors. Genaera does not intend (and it is not obligated) to publicly update, revise or correct these forward-looking statements or the risk factors that may relate thereto.

SOURCE Genaera Corporation
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