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ALT Ishares Diversified Alternatives Trust

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Name Symbol Market Type
Ishares Diversified Alternatives Trust AMEX:ALT AMEX Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Alteon Announces Investor Update Conference Call Wednesday, May 11, 2005, 4:00 p.m. Eastern time

05/05/2005 4:56pm

PR Newswire (US)


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Alteon Announces Investor Update Conference Call Wednesday, May 11, 2005, 4:00 p.m. Eastern time --- Conference Call to be Webcast --- PARSIPPANY, N.J., May 5 /PRNewswire-FirstCall/ -- Alteon Inc. (AMEX:ALT) announced that it will hold a regularly scheduled investor update conference call on Wednesday, May 11, 2005 at 4:00 p.m. ET. Anyone interested in participating in the live conference call should RSVP to Nancy Regan at . There will be a full question and answer period during the call. The dial-in telephone number for the conference call will be 1-888-208-1812. International participants may call +719-457-2654. Participants should call approximately 5-10 minutes before 4:00 p.m. In addition, the conference call will be accessible through a webcast on the company website, http://www.alteon.com/ in the Investor Relations section, and a digital rebroadcast will be available through May 18, 2005 at 11:59 P.M. by dialing 1-888-203-1112, passcode 9407076 for domestic callers and +719-457- 0820, passcode 9407076 for international callers. About Alteon Alteon is developing several new classes of drugs that have shown the potential to reverse or slow down diseases of aging and complications of diabetes. These compounds appear to have an impact on a fundamental pathological process caused by the progressive formation of protein-glucose complexes called Advanced Glycation End-products (A.G.E.s). The formation and crosslinking of A.G.E.s lead to a loss of flexibility and function in body tissues and organs and have been shown to be a causative factor in many age- related diseases and diabetic complications. Alteon has created a library of novel classes of compounds targeting the A.G.E. pathway. Alteon's lead compound alagebrium chloride (formerly ALT-711), the only A.G.E. Crosslink Breaker in advanced human testing, has shown promising results in several Phase 2 trials and is being developed for systolic hypertension, heart failure and erectile dysfunction. Approximately 1,300 patients have been involved in alagebrium's human clinical trials to date, of whom approximately 1,000 have received active compound. Clinical studies of alagebrium include the Phase 2b systolic hypertension trial, SPECTRA (Systolic Pressure Efficacy and Safety Trial of Alagebrium), the Phase 2a heart failure study, PEDESTAL (Patients with Impaired Ejection Fraction and Diastolic Dysfunction: Efficacy and Safety Trial of ALagebrium), the Phase 2a EMERALD study (Evaluation of Alagebrium in Erectile Dysfunction in Diabetic Males on PDE5 Inhibitors), as well as a fourth study exploring mechanism of action in endothelial dysfunction. In February 2005, Alteon voluntarily and temporarily suspended enrollment of new patients into the Company's ongoing alagebrium clinical studies pending receipt of additional pre-clinical toxicity data. In May 2005, the Company announced encouraging interim results from these ongoing toxicity tests, and announced its intention to conduct an interim analysis of the SPECTRA trial; the results of both are expected approximately mid-year 2005. The Company expects that decisions regarding resumption of enrollment into each of the trials will be made at that time. For more detailed information about alagebrium, please visit the research and development section of the Alteon website, http://www.alteon.com/. Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties including, but not limited to, those relating to technology and product development (including the possibility that early clinical trial results may not be predictive of results that will be obtained in large-scale testing or that any clinical trials will not demonstrate sufficient safety and efficacy to obtain requisite approvals or will not result in marketable products), regulatory approval processes, intellectual property rights and litigation, competitive products, ability to obtain financing, and other risks identified in Alteon's filings with the Securities and Exchange Commission. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Alteon undertakes no obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. DATASOURCE: Alteon Inc. CONTACT: Susan M. Pietropaolo, Director, Corporate Communications & Investor Relations, +1-201-934-5000, fax, +1-201-934-8880 Web site: http://www.alteon.com/

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