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EPIX Pharmaceuticals Management Team to Ring NASDAQ Stock Market Closing Bell; Company to Host Investor Call and Webcast.


LEXINGTON, Mass. -- EPIX EPIX Emergency Preparedness Information Exchange
EPIX Enhanced Performance unIX
EPIX European Property Stock Index
 Pharmaceuticals (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: EPIXD) announced that chief executive officer Michael G. Kauffman, M.D., Ph.D. and other members of management are scheduled to commemorate the company's recent merger with Predix Pharmaceuticals by ringing the NASDAQ Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
 closing bell on Tuesday, August 22, 2006 at 4:00 p.m. ET in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

"This is an excellent forum to celebrate the recent combination of EPIX and Predix," said Dr. Kauffman. "We are excited about our prospects for near-term and future growth with our novel angiographic agent Vasovist(TM) and our five internally discovered clinical-stage product candidates."

"We would like to take this opportunity to thank all of our employees, partners and shareholders for their ongoing support as we enter the next phase of our mission to improve patients' lives by developing products to meet significant, unmet clinical needs," stated Andrew Uprichard, M.D., president of EPIX.

Investor Conference Call Reminder

EPIX has scheduled an investor conference call for August 23, 2006 at 8:00 a.m. Eastern Time to provide an overview of the combined company and discuss its progress in key programs. The live webcast can be accessed by visiting the investor relations Investor relations

The process by which the corporation communicates with its investors.
 section of the Company's website at http://www.epixpharma.com. The call can be accessed by dialing 1-800-659-1966 (domestic) or 617-614-2711 (international) five minutes prior to the start time and providing the pass code 48005474. A replay of the call will be available on the EPIX website approximately two hours after completion of the call and will be archived for two weeks.

About EPIX Pharmaceuticals

EPIX Pharmaceuticals is a late-stage biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products through the use of proprietary technology to better diagnose, treat and manage patients. The company has a blood-pool imaging agent approved and marketed in Europe (Vasovist(TM)), and five internally-discovered drug candidates currently in clinical trials targeting conditions such as anxiety, depression, Alzheimer's disease Alzheimer's disease (ăls`hī'mərz, ôls–), degenerative disease of nerve cells in the cerebral cortex that leads to atrophy of the brain and senile dementia. , cardiovascular disease Cardiovascular disease
Disease that affects the heart and blood vessels.

Mentioned in: Lipoproteins Test

cardiovascular disease 
 and obesity. EPIX also has collaborations with leading organizations, including Amgen, Cystic Fibrosis Foundation The Cystic Fibrosis Foundation (CFF) is a non-profit organization in the United States established to provide the means to cure and control cystic fibrosis. The Foundation provides information about cystic fibrosis (CF) and finances CF research that aims to improve the  Therapeutics, and Schering AG, Germany. For more information about EPIX, please visit the company's website at www.epixpharma.com.

Note to Editors/Investors:

As a result of the merger and reverse stock split, a "D" has been added to EPIX's NASDAQ trading symbol for 20 days following the closing of the merger on August 16, 2006.
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Copyright 2006 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 21, 2006
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