Spectrum Pharmaceuticals, Inc. To Host Conference Call To Discuss Third Quarter 2006 Financial Results And Provide A Pipeline Update On Friday, November 3, 2006 At 12:00 PM ET (9:00 AM PT)

IRVINE, Calif., Oct. 30 /PRNewswire-FirstCall/ -- Spectrum Pharmaceuticals, Inc. announced today that the company will host a conference call with company management to discuss third quarter 2006 financial results and provide an update on the company’s pipeline on Friday, November 3, 2006 at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time).

The conference call may be accessed by dialing 866.510.0712 for domestic callers and 617.597.5380 for international callers. The participant passcode for the conference call is 70365629. In addition, the conference call will be webcast live under the investor relations section of Spectrum’s website, www.spectrumpharm.com, and will be archived there for 30 days following the call. Please connect to Spectrum’s website several minutes prior to the start of the conference call to ensure adequate time for any software downloads that may be necessary.

About Spectrum Pharmaceuticals

Spectrum Pharmaceuticals is opportunistically acquiring and advancing a diversified portfolio of oncology drug candidates that meet critical health challenges for which there are few other treatment options. Spectrum’s expertise lies in identifying undervalued drugs with demonstrated safety and efficacy, and adding value through further clinical development and selection of the most viable and low-risk methods of commercialization. The company’s pipeline includes promising early and late-stage drug candidates with unique formulations and mechanisms of action that address the needs of seriously ill patients, such as at-home chemotherapy and new treatment regimens for refractory disease. For more information, please visit www.spectrumpharm.com.

Forward Looking Statements

This press release may contain forward-looking statements regarding future events and the future performance of Spectrum Pharmaceuticals that involve risks and uncertainties that could cause actual results to differ materially. These statements include but are not limited to statements that relate to our business and its future, Spectrum’s ability to identify, acquire and develop its portfolio of drug candidates, the Company’s promising pipeline and any statements that relate to the intent, belief, plans or expectations of Spectrum or its management, or that are not a statement of historical fact. Risks that could cause actual results to differ include the possibility that our existing and new drug candidates may not prove safe or effective, the possibility that our existing and new drug candidates may not receive approval from the FDA, and other regulatory agencies in a timely manner or at all, the possibility that our existing and new drug candidates, if approved, may not be more effective, safer or more cost efficient than competing drugs, the possibility that past results may not be indicative of future results, the possibility that price and other competitive pressures may make the marketing and sale of our generic drugs not commercially feasible, the possibility that our efforts to acquire or in-license and develop additional drug candidates may fail, our lack of significant revenues, our limited human and financial resources, our limited experience in establishing strategic alliances, our limited marketing experience, our limited experience with the generic drug industry, our dependence on third parties for clinical trials, manufacturing, distribution and quality control and other risks that are described in further detail in the Company’s reports filed with the Securities and Exchange Commission. We do not plan to update any such forward-looking statements and expressly disclaim any duty to update the information contained in this press release except as required by law.

Susan Neath Media Porter Novelli Life Sciences 619-849-6007 Rajesh C. Shrotriya, M.D. Russell Skibsted Chairman, President & CEO SVP & Chief Business Officer Spectrum Pharmaceuticals Spectrum Pharmaceuticals 949- 743-9295 949- 743-9234

Spectrum Pharmaceuticals, Inc.

CONTACT: Media, Susan Neath of Porter Novelli Life Sciences,+1-619-849-6007; or Rajesh C. Shrotriya, M.D., Chairman, President & CEO,+1-949-743-9295, or Russell Skibsted, SVP & Chief Business Officer,+1-949-743-9234, both of of Spectrum Pharmaceuticals

MORE ON THIS TOPIC