GARDANT PHARMACEUTICALS, INC ANNOUNCES RECORD DATE FOR FIRST SPIN-OFF

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Gardant Pharmaceuticals, Inc. announces that the spin off record date for Accura Pharma PLC is the close of business today 21st April, 2006. Shareholders of record at the close of business today shall receive 1.7 shares of Accura Pharma PLC for every one share held in Gardant Pharmaceuticals, Inc. Shares are expected to be mailed to shareholders on or about 15th May, 2006.

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