Biopure Corporation Files Registration Statement For

Biopure Corporation today announced the filing of a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. All of the shares to be registered will be offered by Biopure Corporation. J.P. Morgan & Co. is acting as the lead manager of the offering. Adams, Harkness & Hill, Inc. and Robert W. Baird & Co. Incorporated are acting as co-managers. Biopure is a leading developer, manufacturer and marketer of oxygen therapeutics. Its oxygen therapeutics are pharmaceuticals that are intravenously administered into the circulatory system to increase oxygen delivery to the body's tissues. Biopure has developed and manufactures two hemoglobin-based oxygen therapeutic products -- Hemopure, for human use, and Oxyglobin, for veterinary use. Hemopure is currently in a pivotal Phase III clinical trial in the United States. Oxyglobin, the only hemoglobin-based oxygen carrier approved by the U.S. Food & Drug Administration, has been commercially available since March 1998 for the treatment of anemia in dogs, regardless of cause. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. A written prospectus for this offering is not yet available. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. ots Original Text Service: Biopure Corporation Internet: http://www.newsaktuell.de Contact: Douglas Sayles, Associate Director, Marketing Communications of Biopure Corporation, 617-234-6826, email, dsayles@biopure.com Web site: http://www.biopure.com

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