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Adeona Reports 2010 Year End Financial Results
Date:3/31/2011

s S. Kuo, M.D., M.B.A., Adeona's Chief Executive Officer. "We achieved these clinical milestones while also increasing our revenues from various sources and carefully managing our operating expenses.

Dr. Kuo added, "With the addition of the net proceeds from the financing in January of 2011, we believe our current cash position should meet our planned operating needs for at least the next 12 months."

Adeona 2010 Year End Investor Conference Call

Adeona will hold its 2010 year end investor conference call today, Thursday, March 31, 2011, at 4:30pm EDT. James S. Kuo, M.D., M.B.A., Adeona's Chief Executive Officer, will host the call. Interested parties should call toll free 1-800-860-2442 (U.S.) or 1-866-605-3852 (Canada), or from outside North America +1 412-858-4600, fifteen minutes before the start of the call to register and identify themselves as registrants of the 'Adeona' Conference Call. Any registered caller on the toll free line may ask to be placed in the queue for the Question & Answer session. The call will be simulcast on the web at http://www.videonewswire.com/event.asp?id=77882. If you are unable to participate during the live call, the webcast will be available for replay at www.adeonapharma.com for 30 days after the call.

About Adeona Pharmaceuticals, Inc.

Adeona is a pharmaceutical company developing innovative medicines for the treatment of serious central nervous system diseases. The Company's strategy is to license product candidates that have demonstrated a certain level of clinical efficacy and develop them to a stage that results in a significant commercial collaboration. Currently, Adeona is developing the following product candidates: a prescription medical food for Alzheimer's disease, and drugs for multiple sclerosis, fibromyalgia and age-related macular degeneration. For more
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SOURCE Adeona Pharmaceuticals, Inc.
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