AVANIR Pharmaceuticals Hires Michael J. Puntoriero To Serve As Senior Vice President Of Finance And Chief Financial Officer

SAN DIEGO--(BUSINESS WIRE)--May 8, 2006--AVANIR Pharmaceuticals (NASDAQ:AVNR - News) announced today that Michael J. Puntoriero has joined the Company as Senior Vice President of Finance and, effective May 15, 2006, will be appointed Chief Financial Officer. As a key member of the senior executive team, Mr. Puntoriero will be responsible for the areas of finance, treasury, business planning, investor relations, information technology, and corporate development.

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