Spectrum Pharmaceuticals, Inc. To Report 2005 Third Quarter Financial And Operating Results On November 4, 2005

IRVINE, Calif., Oct. 31 /PRNewswire-FirstCall/ -- Spectrum Pharmaceuticals, Inc. today announced that the Company intends to release its third quarter 2005 financial and operating results on Friday, November 4, 2005 before the U.S. financial markets open.

Senior management will also host a conference call and webcast with the investment community at 10:00 a.m. ET (7:00 a.m. PT) on November 4, 2005 to review the Company’s third quarter financial and operating results. The conference call will be available to interested parties through a live audio Internet broadcast at www.spectrumpharm.com. Following the live webcast, an archived version of the call will be available at the same URL.

About Spectrum Pharmaceuticals

Spectrum Pharmaceuticals is a specialty pharmaceutical company engaged in the business of acquiring, developing and commercializing prescription drug products for the treatment of cancer and other unmet medical needs. By leveraging its operational flexibility and regulatory proficiency, and using the extensive research and development capabilities of its strategic alliance partners, Spectrum has built a diversified portfolio of proprietary and generic drug products in various stages of development and regulatory approval. For more information, please visit our website at 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, the Company’s operational flexibility and regulatory proficiency, the extensive research and development capabilities of the Company’s strategic alliance partners, 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 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 revenues, 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.

Contact: Laurie Little Sr. Director, Investor Relations (949) 743-9216

Spectrum Pharmaceuticals, Inc.

CONTACT: Laurie Little, Sr. Director, Investor Relations of SpectrumPharmaceuticals, Inc., +1-949-743-9216

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