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Advanced Magnetics Announces Positive Results from Two Additional,Phase III Studies of Ferumoxytol as an Intravenous Iron Replacement,Therapeutic

dependent CKD, hypertension, coronary artery disease, cerebrovascular disease and a history of multiple drug allergies to ciprofloxacin, levofloxacin, and percocet. The patient experienced an anaphylactoid reaction with severe hypotension a few minutes after ferumoxytol administration, was treated with subcutaneous epinephrine and recovered without sequelae. * The single SAE attributed to the drug after placebo administration occurred in an 81 year-old female, with non-dialysis dependent CKD, hypertension, atrial fibrillation, oxygen-dependent chronic obstructive pulmonary disease, hypothryroidism and gout. The patient developed a petechial rash one day after placebo administration, was withdrawn from the study and did not receive ferumoxytol.

The combined data from three of the four Phase III studies for which results are now available represent a total of approximately 1,588 administrations of 510 mg of ferumoxytol in 1,151 patients (protocols 62,745- 6; 62,745-7; and 62,745-8). One of 1,151 patients (0.09%) experienced a drug related SAE after ferumoxytol treatment compared to one of 149 patients (0.67%) treated with oral iron and one of 716 patients (0.14%) treated with IV saline (placebo).

Conference Call Information

The company will host a conference call at 4:30 pm EDT today to discuss and answer questions regarding the data from the completed ferumoxytol studies and the status of the ferumoxytol clinical development program.

To listen to this conference call via audio webcast, please visit the Investors section of the Advanced Magnetics website at http://www.advancedmagnetics.com. The web cast will also be available as a replay starting approximately one hour after the call is finished through July 11, 2007. Alternatively, to access the call via live telephone, pl
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