Medicis will have no future financial obligations to pay
aaiPharma based on the attainment of clinical milestones, but will
incur approximately $9 million as a research and development expense
during the current quarter as part of the amendment and the assumption
of all liabilities associated with the project. Natural botanical
extracts relieve dryness, flaking, and itching while leaving hair soft, shiny
and manageable.

treatable tartaric

Baby Cakes Bee Propolis is an effective aid against bacterial
infections.

All items are ZenMomma Tested, Baby Cakes Approved and Free of Animal
Testing .com

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soothes kinerase

Baby Cakes Lotion
4.

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The Company's products include the prescription brands
RESTYLANE(R), DYNACIN(R) (minocycline HCl), LOPROX(R) (ciclopirox),
OMNICEF(R) (cefdinir), PLEXION (R) (sodium sulfacetamide/sulfur),
TRIAZ(R) (benzoyl peroxide), LIDEX(R) (fluocinonide), and SYNALAR (R)
(fluocinolone acetonide), the over-the-counter brand ESOTERICA(R), and
BUPHENYL(R) (sodium phenylbutyrate), a prescription product indicated
in the treatment of Urea Cycle Disorder. There can be no assurance as to when or if
any of the holders of the Notes will have the right to convert or if
the Notes will be converted, and what impact the increase in the
number of shares outstanding will have on its results of operations.

treatable couperose

These statements are based on
certain assumptions made by Medicis based on its experience and
perception of historical trends, current conditions, expected future
developments and other factors it believes are appropriate in the
circumstances. All other marks (or brands) and names are
the property of Medicis or its Affiliates.

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The Company's products have
earned wide acceptance by both physicians and patients due to their
clinical effectiveness , high quality and cosmetic elegance.medicis.com

Except for historical information, this press release includes
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act. This includes earnings estimates, future
financial performance and other matters.
Forward -looking statements represent the judgment of Medicis'
management as of the date of this release, and Medicis disclaims any
intent or obligation to update any forward-looking statements.

NOTE: Full prescribing information for any Medicis prescription
product is available by contacting the Company. Whether it's for bathing, healing or just a lot of fun, these products
cultivate an air of delight for both Mom and Tot. Baby Cakes
Shampoo has a fragrance that kids love and will gently clean their hair and
scalp.

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No
assurances can be given, however, that these events will occur or that
such results will be achieved.

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The consummation of the amendment has not
affected the timing of the development project.
Medicis is the leading independent specialty pharmaceutical
company in the United States focusing primarily on the treatment of
dermatological and podiatric conditions and aesthetics medicine.
The baby beauty salon is open and the little one is in charge.

hydroxy eczema

For more information about
Medicis, please visit the Company's website at www.

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RESTYLANE(R) is a registered
trademark of HA North American Sales AB, a subsidiary of Medicis
Pharmaceutical Corporation.

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The amendment allows
for the immediate transfer of the project's management and development
to Medicis , and provides that aaiPharma will continue to assist
Medicis with the development of the product on a fee for service
basis. Any such projections or statements include the current views
of Medicis with respect to future events and financial performance. Especially effective for diaper rash,
eczema , rashes and hives, Natural Healing Cream for Infants and Children calms
irritated skin and helps speed healing. Baby Cakes Bath and Massage Oil
5.

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Medicis has leading branded prescription
products in a number of therapeutic categories, including acne,
eczema, fungal infections, psoriasis, rosacea , seborrheic dermatitis
and skin and skin-structure infections., Ltd. For the ultimate infant diva experience use Baby's Bath and Massage Oil
to relax and invigorate your baby.

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" Inspired by love for
her son Lawson, nicknamed "BabyCakes" a new line of natural products was born. Baby Cakes Body Wash
7.

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Medicis has the right to
qualify an alternate manufacturing facility, and aaiPharma has agreed
to assist Medicis in obtaining these qualifications.

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Business Editors/Health/Medical Writers

SCOTTSDALE, Ariz.----Medicis
(NYSE:MRX) today announced that the Company has amended its strategic
alliance with aaiPharma Inc. Other
than the current quarter assumption of research and development
expenses, this amendment will not impact the Company's financial
guidance. Such statements are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Medicis. NEW YORK, Jessica Wolfe is the original ZenMomma. As far as healing creams are concerned, last butt not least is
Baby Cakes Rear Repair + Over There.

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Baby Cakes Therapeutic Shampoo
3.

Products which deal with problems for skin: Conditions, Diseases and Flaws.

eczema lighten

Intellectual property
rights and work product as defined under the agreements developed in
connection with the project remain the sole property of Medicis. Medicis cannot validate its assumptions
of the full impact on its business of the approval of competitive
generic versions of its core brands, including DYNACIN(R) Tablets
and/or LOPROX(R), or any future competitive product approvals that may
affect its brands.
For problem scalp try Baby Cakes Therapeutic Shampoo.com

Contact: Claire O'Connor
Claire O'Connor Public Relations
212-245-5784
oconnorpr@aol.

acne hydroxy

After bathing, use Baby Cakes Lotion to moisturize and soothe sensitive
skin .

8 products that work great together and alone:
1.zenmomma.

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Upon the approval
of the alternate facility and approval of the product, Medicis will
pay aaiPharma approximately $1 million .

Combine Baby Cakes Bubble Bath with rubber seals and hippos for bath time
extravaganzas !
Choose from pre-made gift baskets or Build-A-Baby Cakes Gift Basket by
selecting your own products. Baby Cakes Bubble Bath
8.

rosacea cleansers

Medicis Amends Strategic Alliance with aaiPharma

seborrheic oily

In addition to the amendment, Medicis has entered a supply
agreement with aaiPharma for the eventual manufacture of the product
by aaiPharma under certain conditions. OMNICEF(R) is a
registered trademark of Abbott Laboratories, Inc.

ontos skinceuticals

The
Company is dedicated to helping patients attain a healthy and youthful
appearance and self-image. Baby Cakes Bee Propolis
6.

cleansers skinceuticals

(Nasdaq:AAII) initiated in June 2002 for
the development, commercialization and license of an undisclosed,
dermatologic product. All statements included in this press release
that address activities, events or developments that Medicis expects,
believes or anticipates will or may occur in the future are
forward-looking statements . Also, there are a number of additional important
factors that could cause actual results to differ materially from
those projected, including the anticipated size of the markets, the
availability of product supply, the receipt of required regulatory
approvals, the ability to realize anticipated synergies and benefits
of the Q-Med transactions, the risks and uncertainties normally
incident to the pharmaceutical industry, dependence on sales of key
products, the uncertainty of future financial results and fluctuations
in operating results, dependence on Medicis' strategy including the
uncertainty of license payments and/or other payments due from third
parties, the timing and success of new product development by Medicis
or third parties, product introductions, the risks of pending or
future litigation, and other risks described from time to time in
Medicis' SEC filings including its Annual Report on Form 10-K for the
year ended June 30, 2004. under a license from
Fujisawa Pharmaceutical Co.

The Birth of BabyCakes by ZenMomma: A Natural Line of Bath and Body Products for the Soft and Sensitive Mother and Child

Speaking to a new generation of healthy mothers, ZenMomma confides, "My
beautiful baby boy was allergic to everything from dairy to the adhesive on a
bandage and all the lotion and body wash in the middle.

Baby Cakes by ZenMomma is a line of bath and body products tailor made
with natural ingredients to gently nurture your baby as you do, with love and
care. Comprised of essential oils, herbal extracts and key vitamins, these
wonderful shampoos, lotions and creams leave a shine as lovely as your baby's
glow. Baby Cakes Shampoo
2. Baby Cakes Rear Repair + Over There

http://www.