Avid Bioservices, Inc.
May 7, 2002

Correcting Symbol Interpretations; Greater Than Sted Less Than

May 07, 2002 (BUSINESS WIRE) --

In BW2235, (CA-PEREGRINE-PHARM-2) Peregrine Pharmaceuticals Announces Abstracts of Interim Results, fifth graph, sixth line should read xxx greater than 50% (sted less than 50%) and eighth line should read xxx greater than 10 weeks (sted less than 10 weeks.)

CONTACT:          Atkins + Associates
                  Pam Lord (media), 858/860-0266, ext. 103
                  Hawk Associates Inc.
                  Frank Hawkins (investors), 800/987-8256

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