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Applied Molecular Evolution to Present at CIBC World Markets Annual Biotechnology and Specialty Pharmaceuticals Conference on May 1.


Business Editors/Health/Medical Writers

BIOWIRE2K

CIBC CIBC Canadian Imperial Bank of Commerce
CIBC Centres Interinstitutionnels de Bilan de Compétences
CIBC Commonwealth Institute of Biological Control (Trinidad)
CIBC Commercial International Brokerage Company
 Biotechnology and Specialty Pharmaceutical Conference

SAN DIEGO--(BUSINESS WIRE)--April 25, 2003

Applied Molecular Evolution Inc. (AME See AIT. ) (Nasdaq:AMEV AMEV Armored Medical Evacuation Vehicle ) announced today that Dr. Jeffry Watkins, Chief Scientific Officer of AME, will present at the CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities.  Annual Biotechnology and Specialty Pharmaceuticals Conference on Thursday, May 1, 2003 at 3:30 p.m. ET.

The presentation will be webcast live and will be available via archive following the conference at www.AME.biz.

About Applied Molecular Evolution Applied Molecular Evolution Inc. (AME) is a leader in applying directed molecular evolution to improve healthcare by optimizing and developing human biotherapeutics. Directed molecular evolution is a process for optimizing genes and proteins for specific commercial purposes. Since its inception, AME's principal focus has been on applying its proprietary AMEsystem(TM) technology platform to human biotherapeutics, the largest market for directed molecular evolution. Biotherapeutics, or biopharmaceuticals, are protein pharmaceuticals such as antibodies, cytokines Cytokines
Chemicals made by the cells that act on other cells to stimulate or inhibit their function. Cytokines that stimulate growth are called "growth factors.
, hormones and enzymes. AME uses its proprietary technology to develop improved versions of currently marketed, FDA-approved biopharmaceuticals as well as novel human biotherapeutics. For more information, visit www.AME.biz.

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including uncertainties related to product development, uncertainties related to the need for regulatory or other government approvals, dependence on proprietary technology, uncertainty of market acceptance of the company's products, uncertainties related to business opportunities, the receipt of future payments, including royalties, the continuation of customer relationships and other risks cited in the company's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2002, and other SEC Filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
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Publication:Business Wire
Date:Apr 25, 2003
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