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Peregrine Reports Data Showing Bavituximab's Potential to Shrink Prostate Tumors
Date:9/7/2007

ody Improves Chemotherapy of Prostate Cancer" by Yi Yin, Xianming Huang, Connie Chang, Steven W. King and Philip E. Thorpe will be presented at the Innovative Minds in Prostate Cancer Today (IMPaCT) Conference in Atlanta, Georgia on September 7, 2007 at 12:30 pm EDT. This conference is being hosted by the Department of Defense Prostate Cancer Research Program to showcase successes from the prostate cancer research being conducted with its funding.

This research was supported by the U.S. Army Medical Research and Materiel Command under W81XWH-06-1-0050 (DOD PC05031 grant) and a sponsored research agreement with Peregrine Pharmaceuticals, Inc.

Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Peregrine Pharmaceuticals' intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that results of human studies will not correlate to the results achieved in connection with the preclinical results and the uncertainty as to whether the results of future clinical studies will support moving this product candidate forward for the treatment of prostate cancer. It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties associated with completing preclinical and clinical trials for our technologies; the early stage of product development; the significant costs to develop our products as all of our products are currently in development, preclinical studies or clinical trials; obtaining additional financing to support our operations and the development of our products; o
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SOURCE Peregrine Pharmaceuticals, Inc.
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