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Southern Catholic College Makes Key Executive Appointments as it Prepares for September Opening; Southern Catholic Completes Purchase of New Facilities for Daw

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Pfenninger, Ph., chairman and CEO of pan.S.

notably linguists

"The recognition of
these popular SHL assessments makes them a perfect match with pan's efforts to
provide the best testing solutions in the industry to our customers.,
has resigned as Chief Executive Officer, and effective June 30th , will resign
as Chairman of the Board; as of that time, Jean-Jacques Bienaime will become
Lead Director of Aerogen. Hodgman joined Cygnus, Inc.

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Most recently, she was associate vice
president for Finance at Agnes Scott College in Atlanta.
Mr.aerogen.

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(R) ("pan"(R)), a world leader in online assessment and talent management
systems, is pleased to announce a strategic marketing agreement with SHL, Ltd. "Their valuable expertise and exemplary track
record in the college community will make significant contributions as
we approach the opening of Southern Catholic College this Fall and to
its future success. We are
especially proud that all of our campus residence halls and buildings
will soon be ready for incoming students in eight months. Earlier, he served more than 21 years as
executive director of three American Red Cross chapters in Virginia
and Florida.

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Grounded upon a work-based
model of personality, the OPQ provides a framework for understanding the role
of personality in the workplace and its impact on job function.
Operating in 40 countries and more than 30 languages, the SHL Group devises
innovative approaches to help organizations increase productivity and gain
competitive advantage through the more effective use of their human capital . 27. We are very thankful for all the support we have
received in bringing the opening of our college to reality.D.S.

Many links will take you to program descriptions, degrees offered, courses offered, and faculty profiles.

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The company supports
organizations in the selection, recruitment, promotion , succession planning
and development of talented people at all levels and across all sectors. For more information on SHL,
please visit http://www. pan's secure, automated
systems provide for the worldwide administration and delivery of millions of
professional tests, assessments, and surveys annually. He holds a master's degree in Education from Stanford
University and a bachelor's degree in Sociology from the University of
Notre Dame. Thomas
Aquinas in Rome, Italy, a master's degree in Theology from Franciscan
University of Steubenville in Ohio and is licensed in Sacred Theology
from the Dominican House of Studies and John Paul II Institute in
Washington D. Roy joins Southern Catholic after a 25 year career in Finance
with colleges in the southeast. As
such, they are subject to the occurrence of many events outside of Aerogen's
control and other uncertainties, and are subject to various risk factors that
could cause Aerogen's actual results to differ materially from those expressed
in any forward-looking statement.

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- Leading Aggregator of Online Test Content Distributes Instruments for
Virtually Every Human Resource Assessment Need -

CARMEL, Ind., Performance Assessment Network,
Inc.
As dean of Spiritual Mission, Mr.southerncatholic .

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Performance Assessment Network Inc. (pan) Adds SHL Assessments to Online Testing Catalogue

Among the SHL assessments that pan will now offer is the well-known
Occupational Personality Questionnaire (OPQ).com.panpowered. Ms.org

MOUNTAIN VIEW, Calif. Shaw, Ph.
"I am delighted to welcome John to Aerogen's senior management team.

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Various
reports can be generated from the OPQ including those suitable for selection,
development and team building."

About SHL Group PLC
Based in the United Kingdom, SHL is a world-leading provider of
psychometric assessment and consulting solutions.
Mr. He
holds a doctorate in Sacred Theology from the University of St .S. Aerogen currently markets
the Aeroneb(R) Professional Nebulizer System for use in hospitals.

, Aerogen has commercialized the Aeroneb(R) Go
Nebulizer for home use through its commercial partner , Evo Medical Solutions,
Inc.

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"We are excited to welcome four of the finest professionals in the
academic community to our college," said Jeremiah Ashcroft, president
of Southern Catholic. Most recently, he was vice president for
Institutional Advancement at Barry University in Miami, FL., Southern Catholic will offer small classes and a
learning environment grounded in values and the Catholic intellectual
tradition. The college plans to open in the Fall 2005., Aerogen, Inc. Shaw , Ph.

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D.
SHL has over 5,500 organizations as clients, including many of the Global and
Times Top 1000, and is recognized as one of the foremost providers of
objective assessment products in the world. LeBlanc, Jr. Mr. Located
in Dawsonville, Ga. Aerogen
has presented the results of its first Phase 2 clinical study evaluating
delivery of aerosolized amikacin for the treatment of ventilator -associated
pneumonia; an additional Phase 2 study is currently underway. Securities and Exchange
Commission, including Aerogen's Annual Report on Form 10-K/A for the year
ended December 31, 2004 , filed with the Securities and Exchange Commission
("SEC") on April 19, 2005, and its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2005, filed with the SEC on May 13, 2005.

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The appointments are: Richard J."
As vice president of Academic Affairs, Mr. Hodgman received a B.

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Prospective students can tour the campus and meet the faculty and
staff at Southern Catholic College during its next scheduled open
house on Feb.C.
"My years at Aerogen's helm have been very rewarding and given me the
opportunity to interact on a daily basis with colleagues of integrity who have
a passion for developing novel aerosol products that will improve outcomes for
critically ill patients with respiratory disorders," said Jane E.
Mr. Following
amikacin, additional drug products targeting improved respiratory therapy in
the acute care setting are in the feasibility and pre-clinical stages of
development.

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(pan) is the leading provider of
Internet-based testing and assessment solutions, with thousands of corporate,
government, and education users internationally.----Southern Catholic
College, a regional private Catholic college in formation, today
announced four key executive appointments and the completion of its
purchase of a 100 acre site in Gold Creek Resort in Dawsonville , GA,
as it prepares for its opening on Sept. LeBlanc joins Southern
Catholic after serving more than 27 years in a variety of faculty and
executive positions at Georgia Institute of Technology in Atlanta. Fenton completed a $100 million capital campaign, exceeding their
goal by $20 million .

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Business Editors

DAWSONVILLE, Ga. At Barry,
Mr. Previously, he was associate professor of Sacred
Theology at St. Mary's College of Ave Maria University in Michigan. Earlier, she
served as comptroller at Rollins College in Winter Park, FL.A.

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that enables pan to distribute SHL instruments and reports to its already-
established, growing network of customers in North and South America . Additional instruments that will be
distributed include the NCT1 and NMT4, which assess an individual 's ability to
interpret and think critically about numerical data.

About pan
Performance Assessment Network, Inc.B. Aerogen also has development collaborations with pharmaceutical and
biotechnology companies for use of its technology in the delivery of novel
compounds that treat respiratory and other disorders.

Also included are a few centers and institutions dedicated solely to the academic study of religion.

Note: this category aims at representing all faith traditions equally, so please submit a suggestion if you see resources left out.

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at the University of Utah.

Aerogen, a specialty pharmaceutical company, develops products based on
its OnQ(R) Aerosol Generator technology to improve the treatment of
respiratory disorders in the acute care setting. Aerogen is
headquartered in Mountain View, California, with a campus in Galway, Ireland.

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Closely held pan is
based in Carmel , Indiana USA., vice president of
Academic Affairs; William E.
Southern Catholic College also closed on a 100 acre site located
at Gold Creek Resort in Dawsonville. LeBlanc holds a doctorate
and master's degree in Computer Sciences from the University of
Wisconsin and a bachelor's in Physics from Louisiana State University. His
expertise, gained from years of practical experience, will be extremely
beneficial to Aerogen as we develop and pursue the many opportunities that
exist for our company," said Jean-Jacques Bienaime, Aerogen Board member and
Chief Executive Officer of BioMarin Pharmaceutical Inc.,
Aerogen Chairman and Chief Executive Officer.

This category includes many public and private colleges and universities with respect to the academic programs in religion they offer.

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8.
There, he worked as associate dean of the College of Computing, acting
associate director of the School of Information and Computer Science,
and a member of the Computing faculty .
Ms. The risk factors include, without
limitation, the need for additional funding, the inherent risks of product
development, clinical outcomes, regulatory risks and risks related to
proprietary rights, market acceptance and competition, and are described in
Aerogen's reports and other filings with the U.

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Fenton, Jr. Bowring will be responsible for
the spiritual outreach program and the Theology program at Southern
Catholic College.

Southern Catholic College is a private, co-educational liberal
arts college dedicated to preparing moral and ethical leaders. For additional
information , call 706-216-8860, or visit www.D.
For more information, visit http://www. Aerogen does
not undertake any obligation to update forward-looking statements.

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com. Roy
holds a MBA from Rollins College and a bachelor's from Grove City
College in western Pennsylvania.
(Nasdaq: AEGN) today announced that John C. In the U.com.

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For more information, visit
http://www., vice president of
Institutional Advancement; Kelly Bowring, dean of Spiritual Mission;
and Karen Roy, vice president of Fiscal Affairs . The site features nine buildings
that are ready to be used as residence halls and a conference center
which is being converted to an educational center with classrooms,
administrative offices, library , fitness center and a dining hall,
until the next phase in its expansion.

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Aerogen Appoints President and Chief Executive Officer

in 1994, becoming President and Chief
Executive Officer in 1998 and also serving as the company's Chairman of the
Board for the last six years. in Accounting and Finance from Brigham Young
University and an M.

To the extent any statements made in this release relate to information
that is not historical, these statements are necessarily forward-looking.

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"Adding the OPQ and other SHL assessment inventories to our catalogue is a
great move for pan as well as our customers, providing them with access to
these well-known personality and managerial selection instruments," commented
David T. Fenton's responsibilities as vice president of Institutional
Advancement will include the capital fund campaign and annual fund
campaign for the college. Hodgman has joined Aerogen as
President and Chief Executive Officer; effective today, Jane E.