Pipex Pharmaceuticals to Provide Clinical Update and Report First Quarter 2008 Results on Thursday, May 15
           

<p>ANN ARBOR, MI--(Marketwire - May 13, 2008) -  Pipex Pharmaceuticals, Inc. (<exchange name="AMEX">AMEX</exchange>: <ticker name="PP">PP</ticker>), a
specialty pharmaceutical company developing innovative late-stage drug
candidates for the treatment of neurologic and autoimmune diseases,
announced that it will release its financial results for the first quarter
of fiscal year 2008 on Thursday, May 15th.  The Company will host a
teleconference call at 4:30 p.m. EDT that day to discuss the results; at
that time Pipex will also provide a review of the Company's clinical
pipeline. There will be a question-and-answer session directly following
the presentation of the results.

           

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