AVANIR Pharmaceuticals Invites Investors to Listen to the Bank of America Specialty Pharmaceuticals Conference Webcast

San Diego, August 2, 2006 -- Avanir Pharmaceuticals (NASDAQ: AVNR) will be presenting at the Bank of America Specialty Pharmaceuticals Conference on Thursday, August 10, 2006 at 8:45 a.m. EST in Southampton, New York. Avanir's Vice President of Business Development and Portfolio Management, Marty Emanuele, Ph.D., will be presenting at the investor conference.

The presentation will be available via a live webcast accessible through Avanir's corporate website at www.avanir.com.  To access the webcast, log on to Avanir's site fifteen minutes prior to the presentation to register and download any necessary audio software.  An archive of the presentation will be available for 90 days following the event. 

About AVANIR
Avanir Pharmaceuticals is focused on developing, acquiring and commercializing novel therapeutic products for the treatment of chronic diseases.  Avanir's products and product candidates address therapeutic markets that include the central nervous system, cardiovascular disorders, inflammation and infectious diseases.  Avanir currently markets FazaClo®, the only orally-disintegrating formulation of clozapine for the management of severely ill schizophrenic patients who fail to respond adequately to standard schizophrenic drug treatments.  FazaClo is also indicated for reducing the risk of suicidal behavior in patients with schizophrenic or schizoaffective disorder.  For full prescribing information and important safety information regarding FazaClo, please visit www.fazaclo.com  Avanir's lead product candidate, Neurodex™ for the treatment of involuntary emotional expression disorder, is the subject of a New Drug Application under priority review with the FDA.  Additionally, Avanir has initiated a Phase III clinical trial with Neurodex as a potential treatment for patients with painful diabetic neuropathy.  Avanir has active collaborations with two international pharmaceutical companies: Novartis International Pharmaceutical Ltd. for the treatment of inflammatory disease and AstraZeneca for the treatment of cardiovascular disease.  The Company's first commercialized product, abreva®, is marketed in North America by GlaxoSmithKline Consumer Healthcare and is the leading over-the-counter product for the treatment of cold sores.  Further information about Avanir can be found at www.avanir.com.

Avanir Pharmaceuticals Contacts:

Patrick O'Brien                                                 Patrice Saxon
949-389-6789                                                 858-622-5202
pobrien@avanir.com                                       psaxon@avanir.com

Aug 02, 2006