Maxygen, Inc. To Host 2005 Year End Conference Call On December 15, 2005

REDWOOD CITY, Calif., Dec. 14 /PRNewswire-FirstCall/ -- Maxygen, Inc. will host a conference call to discuss the Company’s achievements, progress of its product development programs and updated financial guidance at 12:00PM ET / 9:00AM PT on Thursday, December 15, 2005. Russell Howard, Chief Executive Officer will host the call.

The conference call may be accessed by dialing 1-888-942-8135 for domestic callers and 1-210-234-0043 for international callers and using the passcode “Maxygen.” Additionally, the conference call will be webcast and may be accessed by visiting the “Investors” section of the Maxygen web site at www.maxygen.com.

Following the conference call, an archived version of the webcast will be available on the same web site for approximately 30 days. A replay of the conference call will also be available approximately one hour following the end of the call through January 16, 2006. To access the replay, please call 1-888-568-0509 (U.S.) or 1-203-369-3479 (international).

About Maxygen

Maxygen, Inc., headquartered in Redwood City, California, is focused on creating novel human therapeutic products using its integrated proprietary technologies and expertise in protein pharmaceuticals.

Maxygen, Inc.

CONTACT: Jeannine Medeiros, Investor and Public Relations of Maxygen,+1-650-298-5853

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