Jerome Goldstein, CEO of Advanced Magnetics, Inc.
Rings The NASDAQ Stock Market Closing Bell

Thursday, November 9, 2006
at NASDAQ's MarketSite
in New York City.

Advanced Magnetics, Inc.

Jerome Goldstein, CEO of Advanced Magnetics, Inc. presides over the closing bell to celebrate its switch from the American Stock Exchange to the NASDAQ. Advanced Magnetics, Inc. will also be celebrating its 25-year business anniversary.

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 cancer and cardiovascular disease. For more information about us, please visit our website at http://www.advancedmagnetics.com

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