Maxygen, Inc. To Host Fourth Quarter And Year End 2005 Financial Results Conference Call On February 8, 2006

REDWOOD CITY, Calif., Jan. 30 /PRNewswire-FirstCall/ -- Maxygen, Inc. will host a conference call to discuss the Company’s fourth quarter and year end 2005 financial results at 11:30AM ET / 8:30AM PT on Wednesday, February 8, 2006. Russell Howard, Chief Executive Officer will host the call. Maxygen will announce its financial results for these periods in a press release to be issued before the market opens on the same day.

The call will include discussion of non-GAAP financial measures. Reconciliation of the non-GAAP financial measures to the most directly applicable GAAP measures can be found at www.maxygen.com under the “News-Financial Reconciliations” tab.

The conference call may be accessed by dialing 1-800-857-4839 for domestic callers and 1-212-547-0462 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Following the conference call, an archived version of the webcast will be available on the same web site for approximately 30 days.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 through March 8, 2006. To access the replay, please call 1-866-505-6448 (U.S.) or 1-203-369-1869 (international).

Maxygen, Inc., headquartered in Redwood City, California, is focused on the development of superior versions of major protein pharmaceuticals. Maxygen’s technologies bring together advances in molecular biology and protein modification to create novel biotechnology products.

Maxygen, Inc.

CONTACT: investors and public relations, Jeannine Medeiros of Maxygen,Inc., +1-650-298-5853

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