Targeted Genetics Corporation Updates Investors on Annual Meeting Matters

SEATTLE, Jan 07, 2011- Targeted Genetics Corporation, (PINKSHEETS:TGEN.PK), or the Company, today announced that the Superior Court of the State of Washington issued an order authorizing the Company to set the record date for the Company’s next Annual Meeting on a date consistent with the Company’s bylaws and Washington law. This ruling follows the Company’s request that the Court reconsider its prior order resetting the record date for the Company’s next Annual Meeting from December 10, 2010 to December 2, 2010.

In accordance with the Court’s order, the Company’s bylaws, and applicable Washington law, the Company has fixed the close of business on January 19, 2011 as the record date for the Company’s next Annual Meeting, and has rescheduled the date of the Annual Meeting from January 27, 2011 to February 18, 2011, in order to comply with certain timing requirements of the Company’s bylaws.

About Targeted Genetics Corporation

Targeted Genetics Corporation is a biotechnology company committed to the development and commercialization of innovative therapies for the prevention and treatment of diseases with significant unmet medical need. To learn more about Targeted Genetics, visit Targeted Genetics' website at www.targetedgenetics.com. SOURCE: Targeted Genetics Corporation

Targeted Genetics Corporation David Poston, CFO & Company secretary Tel: +1 (206) 623-7612