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Peregrine to Report First Quarter Fiscal Year 2014 Financial Results After Market Close on September 9, 2013

TUSTIN, CA--(Marketwired - Sep 3, 2013) - Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM), a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibodies focused on the treatment and diagnosis of cancer, today announced that it will report financial results for the first quarter of fiscal year (FY) 2014 on September 9, 2013 after market and will host a conference call and webcast at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time). Peregrine's senior management will discuss financial results for the first quarter ended July 31, 2013 of FY 2014 and will review recent progress of its clinical development programs.

To listen to the live webcast, or access the archived webcast, please visit: http://ir.peregrineinc.com/events.cfm.

To listen to the conference call, please dial (877) 312-5443 or (253) 237-1126 and request the Peregrine Pharmaceuticals call. A replay of the call will be available starting approximately two hours after the conclusion of the call through September 16, 2013 by calling (855) 859-2056, or (404) 537-3406 and using passcode 37006614.

About Peregrine Pharmaceuticals, Inc.

Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company with a portfolio of innovative monoclonal antibodies in clinical trials focused on the treatment and diagnosis of cancer. The company is pursuing multiple clinical programs in cancer with its lead immunotherapy candidate bavituximab and novel brain cancer agent Cotara®. Peregrine also has in-house cGMP manufacturing capabilities through its wholly-owned subsidiary Avid Bioservices, Inc. (www.avidbio.com), which provides development and biomanufacturing services for both Peregrine and third-party customers. Additional information about Peregrine can be found at www.peregrineinc.com.

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