//Correction: Peregrine Pharmaceuticals Not Affected by U.S. Supreme Court's Decision

 //Correction: Peregrine Pharmaceuticals Not Affected by U.S. Supreme Court's

PR Newswire

LONDON, June 20, 2013

LONDON, June 20, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Although our release this morning mentioned last week's Supreme Court
decision, we erroneously included Peregrine Pharmaceuticals Inc. (NASDAQ:
PPHM) as being in the subsector impacted by the Supreme Court's decision
regarding human gene patents. Peregrine has no human gene patents, and is
therefore not affected by this decision.

Clarification of Industry Comments

Readers are advised that comments made about industries as a whole are meant
to provide a macro-economic view of the industry and may not affect all
companies within each sector or subsector equally, proportionally or even
similarly. Depending on the specific context and factors unique to each
individual situation, some companies may even observe inverse effects to the
industry or market as a whole.

Today's Market Conditions

We would also like to remind readers; shares in almost every industry today
and yesterday are tracking losses in the broader market, which are falling
sharply as the market further digests comments from Federal Reserve Chairman
Ben Bernanke on Wednesday and to a smaller extent, news of China's worsening
cash crunch.

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