EPIX Pharmaceuticals And Predix Pharmaceuticals Complete Merger

LEXINGTON, Mass.--(BUSINESS WIRE)--Aug. 16, 2006-- Board Approves Reverse Stock Split; Investor Conference Call Scheduled for August 23, 2006. EPIX Pharmaceuticals, Inc. (NASDAQ: EPIX) announced today the completion of its previously announced merger with Predix Pharmaceuticals Holdings, Inc. Pursuant to the merger agreement, Predix merged with and into EPIX Delaware, Inc. and became a wholly-owned subsidiary of EPIX. The combined company will continue to operate as EPIX.

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