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LA JOLLA PHARMACEUTICAL ANNOUNCES
ADDITIONS TO SENIOR MANAGEMENT
SAN DIEGO, October 23, 2002 -- La Jolla
Pharmaceutical Company (Nasdaq: LJPC)
announced today that it has appointed
David Duncan, Jr. to the position of
Chief Financial Officer and Karen Church,
R.A.C. to the position of Vice President
of Regulatory Affairs. Additionally,
the Company announced that it has promoted
Matthew D. Linnik, Ph.D. from Executive
Vice President of Research to Chief
Scientific Officer and Executive Vice
President of Research and William J.
Welch from Vice President of Marketing
to Vice President of Sales and Marketing.
"Dave is a seasoned financial
executive with more than 29 years experience
in the healthcare and information systems
industries, including a strong background
in international operations and product
manufacturing. Karen has been involved
in the submission of numerous New Drug
Applications during her 30 years in
regulatory affairs. We believe that
they are a timely addition to our management
team, and that their experience and
knowledge will greatly benefit the Company,"
said Steven B. Engle, Chairman and CEO.
"Additionally, we commend Matt
and Bill on their accomplishments and
congratulate them on their promotions."
Mr. Duncan has spent 14 years as Chief
Financial Officer at Medinox, Inc.,
Tanox, Inc., Neuromedical Systems, Inc.,
and Telios Pharmaceuticals, Inc. Prior
to that he served as Controller for
five years at Hybritech, Inc., one of
the first biotechnology companies in
San Diego. He spent 10 years in various
financial positions at Burroughs Corporation
(now Unisys Corporation), a manufacturer
of information systems. Mr. Duncan has
been responsible for financial planning
and reporting, investor relations, banking
and cash management functions, and strategic
planning. He helped to complete five
public offerings, including a $244 million
initial public offering for Tanox. He
received his MBA and BS in Finance from
Indiana University.
With 30 years of experience, Ms. Church
helped file more than 10 New Drug Applications
with the U.S. Food and Drug Administration,
three European Marketing Authorization
Applications and more than 100 Investigational
New Drug applications. She has held
regulatory positions with Ancile Pharmaceuticals,
Inc., Gensia, Inc. (now Sicor, Inc.),
Neurocrine Biosciences, Inc., InSite
Vision, Inc., Hoffman La Roche, Abbott
Laboratories and Astra Pharmaceutical
Products (now AstraZeneca, PLC). She
has worked with the Center for Drug
Evaluation and Research, including the
Cardio-Renal Division, the Center for
Biologics Evaluation and Research and
the European Agency for the Evaluation
of Medicinal Products. She has worked
with product candidates in therapeutic
areas such as cardiology, nephrology,
immunology, oncology, neurology, metabolic
endocrinology, anti-inflammatory, anti-infective,
pulmonary, urology, and dermatology.
She is a former President of the Drug
Information Association, a professional
organization for drug development in
the pharmaceutical and biotechnology
industries with more than 27,000 members
worldwide. Ms. Church also serves as
an adjunct professor in the Regulatory
Affairs graduate program at San Diego
State University. She received her BS
from the University of Wyoming and her
RAC from the Regulatory Affairs Professionals
Society.
La Jolla Pharmaceutical Company is
a biotechnology company leading the
development of therapeutics for antibody-mediated
autoimmune diseases afflicting several
million people in the United States
and Europe. The Company is conducting
a Phase III trial of LJP 394 in patients
with lupus kidney disease, a leading
cause of sickness and death in these
patients. The Company is also conducting
a Phase I/II trial of LJP 1082 for the
treatment of antibody-mediated thrombosis,
a condition in which patients suffer
from recurrent stroke, deep-vein thrombosis
and other thrombotic events. The Company's
common stock is traded on The Nasdaq
Stock Market under the symbol LJPC.
For more information about the Company,
visit our Web site: http://www.ljpc.com.
Except for historical statements, this
press release contains forward-looking
statements involving significant risks
and uncertainties, and a number of factors,
both foreseen and unforeseen, could
cause actual results to differ materially
from our current expectations. Our analyses
of clinical results of LJP 394, our
drug candidate for the treatment of
systemic lupus erythematosus ("lupus"),
and LJP 1082, our drug candidate for
the treatment of antibody-mediated thrombosis
("thrombosis"), are ongoing
and future analyses could result in
a finding that these drug candidates
are not effective in large patient populations,
do not provide a meaningful clinical
benefit or may reveal a potential safety
issue requiring us to develop new candidates.
Our blood test to measure the binding
affinity for LJP 394 is experimental,
has not been validated by independent
laboratories, may require regulatory
approval and may be necessary for the
approval and the commercialization of
LJP 394. Our other potential drug candidates
are at earlier stages of development
and involve comparable risks. Analysis
of our clinical trials could have negative
or inconclusive results. Any positive
results observed to date may not be
indicative of future results. Even if
results are promising, the U.S. Food
and Drug Administration ("FDA")
may require additional clinical trials.
The Company's ability to develop and
sell its products in the future may
be affected by the intellectual property
rights of third parties. Additional
risk factors include the uncertainty
of: obtaining required regulatory approvals;
successfully marketing products; receiving
future revenue from product sales or
other sources such as collaborative
relationships; future profitability;
the need for
additional financing; our dependence
on patents and other proprietary rights;
FDA approval of our manufacturing facilities;
the increase in capacity of our manufacturing
capabilities for possible commercialization;
and our lack of marketing experience.
Readers are cautioned to not place undue
reliance upon forward-looking statements,
which speak only as of the date hereof,
and we undertake no obligation to update
forward-looking statements to reflect
events or circumstances occurring after
the date hereof. Interested parties
are urged to review the risks described
in our other reports and registration
statements filed with the Securities
and Exchange Commission from time to
time, including the report on Form 10-K
for the year ended December 31, 2001.

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