AVM Advanced Magnetics

CAMBRIDGE, Mass., June 22 /PRNewswire-FirstCall/ -- Advanced Magnetics, Inc. (AMEX:AVM) today announced that it would report third fiscal quarter 2006 financial results after market on Thursday, July 20, 2006. The announcement will be followed by a conference call at 4:30 pm EDT to discuss the Company's financial results, quarterly highlights and development programs. Participating in the call will be Jerome Goldstein, Chairman and CEO, Brian Pereira, President and other members of the Company's management team. To listen to this conference call via audio webcast, please visit the Investors section of the Company's website at http://www.advancedmagnetics.com/. The webcast will also be available as a replay, starting approximately one hour after the call is finished, through August 20, 2006. Alternately, to access the call via live telephone, please dial (800) 238-9007. Internationally, the call may be accessed by dialing (719) 457-2622. In addition to the webcast replay, a telephone replay will be available from approximately 1:00 pm (EDT) on July 20, 2006 through August 3, 2006. To access the replay please call (888) 203-1112 and use the passcode of 1819340. The replay is also available internationally at (719) 457-0820 using the same passcode. About Advanced Magnetics Advanced Magnetics, Inc. is a developer of superparamagnetic iron oxide nanoparticles used in pharmaceutical products. As a leader in our field, we are dedicated to the development and commercialization of our proprietary nanoparticle technology for use in therapeutic iron compounds to treat anemia, as well as novel imaging agents to aid in the diagnosis of cardiovascular disease and cancer. For more information about us, please visit our website at http://www.advancedmagnetics.com/, the content of which is not part of this press release. Contact: Lisa Gordon VP of Business Development Advanced Magnetics, Inc. (617) 498-3321 DATASOURCE: Advanced Magnetics, Inc. CONTACT: Lisa Gordon of Advanced Magnetics, Inc., +1-617-498-3321, Web site: http://www.advancedmagnetics.com/

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