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PolyMedix to Present at the Rodman and Renshaw Annual Global Investment Conference

RADNOR, Pa., May 10, 2010 (BUSINESS WIRE) -- PolyMedix, Inc. (OTC BB: PYMX), an emerging biotechnology company focused on developing new therapeutic drugs to treat acute cardiovascular disorders and infectious diseases, will be presenting at the Rodman & Renshaw Annual Global Investment Conference. The Conference will take place May 16 -- 18, 2010 at the Grosvenor House Hotel in London, UK.

Nicholas Landekic, President & CEO of PolyMedix will present on Monday, May 17, 2010 at 11:05 AM BST (6:05 AM ET). The presentation will be webcast live and may be accessed at http://www.wsw.com/webcast/rrshq17/pymx.ob or on the Company's website at www.polymedix.com. A replay will be available on both sites for ninety days.

About PolyMedix, Inc.

PolyMedix is a publicly traded biotechnology company focused on the development of novel drugs and biomaterials for the treatment of acute cardiovascular disorders and infectious diseases. PolyMedix's compounds are based on biomimetics: non-peptide small molecule drug candidates and polymers that mimic the activity of proteins. PMX-60056, PolyMedix's heptagonist compound, is being developed to reverse the activity of both heparin and low molecular weight heparins. PolyMedix plans to develop an antagonist drug that is safer and easier to use than currently approved therapy. PMX-30063, PolyMedix's antibiotic compound is a small molecule that mimics human host-defense proteins and has a completely different mechanism of action distinct from those of current antibiotic drugs, a mechanism which is intended to make bacterial resistance unlikely to develop. PolyMedix plans to develop this compound as a rapidly acting antibiotic for serious systemic and local infections. Both PMX-60056 heptagonist and PMX-30063 antibiotic are currently undergoing clinical testing.

PolyMedix also plans to continue the development of polymeric formulations as antimicrobial biomaterials, which can be used as additives to paints, plastics, and textiles to create self-sterilizing products and surfaces. For more information, please visit our website at www.polymedix.com.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that could cause PolyMedix's actual results and experience to differ materially from anticipated results and expectations expressed in these forward looking statements. PolyMedix has in some cases identified forward-looking statements by using words such as "anticipates," "believes," "hopes," "estimates," "looks," "expects," "plans," "intends," "goal," "potential," "may," "suggest," and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements, PolyMedix's compounds may not enter or successfully complete clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in PolyMedix's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. PolyMedix undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.

SOURCE: PolyMedix, Inc.

CONTACT: PolyMedix, Inc. Lisa Caperelli, 484-598-2406 Director, Investor Relations & Corporate Communications lcaperelli@polymedix.com or Investor Relations Group, Inc. Investors: Erika Moran, 212-825-3210 emoran@investorrelationsgroup.com or Media: Janet Vasquez, 212-825-3210 jvasquez@investorrelationsgroup.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

Pennsylvania INDUSTRY KEYWORD: Health

Biotechnology

Cardiology

Clinical Trials

Infectious Diseases

Other Health SUBJECT CODE: Conference

Trade Show

Webcast