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Milberg Weiss Announces Filing of Class Action Suit Against Axonyx

February 25, 2005

The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed today on behalf of all persons who purchased or otherwise acquired the securities of Axonyx between June 26, 2003 and Feb. 4, 2005, inclusive, seeking to pursue remedies under the Securities Exchange Act of 1934.

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