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ChemGenex To Present At Pacific Growth Equities 2006 Life Sciences Growth Conference

MELBOURNE, Australia, and MENLO PARK, California U.S.A. (June 6, 2006).

ChemGenex Pharmaceuticals (ASX: CXS, NASDAQ: CXSP) will present at the Pacific Growth Equities 2006 Life Sciences Growth Conference in San Francisco on Wednesday June 14, 2006. The presentation will be at 9:00 a.m. local time in the Six Continents Room of the InterContinental Mark Hopkins Hotel, San Francisco.

Managing Director and Chief Executive Officer Greg Collier PhD will provide an overview of recent highlights including;

  • The successful completion of a $15 million capital raising managed by ABN AMRO Morgans.
  • Updates of the company's phase 2 clinical programs, Ceflatonin® (HHT) for the treatment of leukemias and Quinamed® (amonafide dihydrochloride) for the treatment of solid tumors.
  • Status of the proposed international, multi-centre, phase 2/3 clinical trial of Ceflatonin® in T315I mutation positive CML patients.

An audio webcast of the presentation will be available from the company's website, www.chemgenex.com one hour after the completion of the presentation, and will be available for 90 days after the conference.

Information about the Pacific Growth Equities 2006 Life Sciences Growth Conference can be found at http://www.pacificgrowth.com/conference.

About ChemGenex Pharmaceuticals Limited

ChemGenex Pharmaceuticals is a pharmaceutical development company dedicated to improving the lives of patients by developing therapeutics in the areas of oncology, diabetes, obesity, and depression. ChemGenex harnesses the power of genomics for target discovery and validation, and in clinical trials to develop more individualized therapeutic outcomes. ChemGenex's lead compound, Ceflatonin®, is currently in phase 2/3 clinical trials for chronic myeloid leukemia and Quinamed® is in phase 2 clinical development for prostate, breast and ovarian cancers. The company has a significant portfolio of anti-cancer, diabetes, obesity and depression programs, several of which have been partnered with international pharmaceutical companies. ChemGenex currently trades on the Australian Stock Exchange under the symbol "CXS" and on NASDAQ under the symbol "CXSP".

Safe Harbor Statement

Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe", and similar expressions are intended to identify forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the company's technology, the ability to successfully market products in the clinical pipeline, the ability to advance promising therapeutics through clinical trials, the ability to establish our fully integrated technologies, the ability to enter into additional collaborations and strategic alliances and expand current collaborations and obtain milestone payments, the suitability of internally discovered genes for drug development, the ability of the company to meet its financial requirements, the ability of the company to protect its proprietary technology, potential limitations on the company's technology, the market for the company's products, government regulation in Australia and the United States, changes in tax and other laws, changes in competition and the loss of key personnel. These statements are based on our management's current expectations and are subject to a number of uncertainties that could change the results described in the forward-looking statements.  Investors should be aware that there are no assurances that results will not differ from those projected.


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