Dipexium Pharmaceuticals

Dipexium Pharmaceuticals Updates Locilex(TM) Development Activities and Announces 2011 Milestones

Dipexium Pharmaceuticals Raises US$1.4 Million in Private Offering

NEW YORK, April 4, 2011 - Dipexium Pharmaceuticals today provided an update of its development activities and announced its milestones to be achieved during 2011.

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NEW YORK, October 19, 2010 - Dipexium Pharmaceuticals today announced that it has raised aggregate gross proceeds of US$1.4 million in a private offering of its Class A Member Interests in a multiple-closing transaction commencing with the initial closing on July 23, 2010.

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