Pipex Pharmaceuticals Announces Fourth Quarter and Year End 2006 Results

ANN ARBOR, MI -- (MARKET WIRE) -- April 02, 2007 -- Pipex Pharmaceuticals, Inc. (OTCBB: PPXP), a specialty pharmaceutical company developing innovative late-stage drug candidates for the treatment of neurologic and fibrotic diseases, today announced its achievements and accomplishments and results for the fourth quarter and year end 2006.

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