Wednesday, August 20, 2008

Pipex Pharmaceuticals, Inc. to Present at the RedChip Small Cap Investor Conference in New York City

Tuesday August 19, 8:30 am ET


Live Webcast on Thursday, August 21st at 9:30 am EDT



ANN ARBOR, MI--(MARKET WIRE)--Aug 19, 2008 -- Pipex Pharmaceuticals, Inc. (AMEX: PP), a specialty pharmaceutical company developing innovative late-stage drug candidates for the treatment of central nervous system and autoimmune diseases, today announced that its Chief Executive Officer, Nicholas Stergis, will deliver a financial presentation to investors at the RedChip Emerging Markets Investor Conference on August 21st at the New York Marriott Marquis, located at 1535 Broadway, at 9:30am EDT. The investor conference will be held 8 a.m. to 5 p.m. and Mr. Stergis will be available throughout the day to meet with investors.

A live webcast of the presentation will be provided by Wall Street Webcasting, accessible via http://www.redchip.com.

About Pipex Pharmaceuticals, Inc.

Pipex Pharmaceuticals, Inc. is a specialty pharmaceutical company that is developing proprietary, late-stage drug candidates for the treatment of central nervous system and autoimmune diseases. Pipex's strategy is to exclusively in-license proprietary, clinical-stage drug candidates and to complete the further clinical testing, manufacturing and regulatory requirements and seek marketing authorizations. Pipex is focused on treating Dry Age-Related Macular Degeneration (AMD), multiple sclerosis (MS), and fibromyalgia. For further information, please visit www.pipexinc.com.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta, San Diego, and New York. RedChip has a national and international network of small-cap institutional and retail investors and has developed a comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(TM), and RedChip Radio(TM).





For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com

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