Advanced Magnetics, Inc. (AMAG) CEO to Ring the NASDAQ Stock Market Closing Bell

Company Celebrates Switch


ADVISORY, Nov. 8, 2006 (PRIMEZONE) --



 What:
 Jerome Goldstein, CEO of Advanced Magnetics, Inc. (AMAG) will preside
 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.

 To Date, 22 companies have switched their listing from the American
 Stock Exchange to the NASDAQ in 2006.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Thursday November 9th, 2006 at 4:00 p.m. ET

 Contacts:
 Lisa Gordon
 VP, Business Development and Strategy
 617-498-3321
 lgordon@advancedmagnetics.com

 NASDAQ MarketSite:
 Stephanie Lowenthal; 646.441.5220

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Advanced Magnetics, Inc. (AMAG):

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