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BioSante Featured on TheStreet.com TV

Stephen M. Simes, CEO, Highlights Development Program for LibiGel®

Lincolnshire, Illinois (July 24, 2008) – BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) announces that its CEO, Stephen M. Simes, was interviewed by the “TheStreet.com” and featured on the “TheStreet.com” website.

Please cllick here to see the interview on “TheStreet.com” website.

Gregg Greenberg interviews Mr. Simes and discusses the development program for LibiGel® (testosterone gel), the market potential for the product, and partnering opportunities. BioSante currently is conducting three Phase III clinical trials for LibiGel. In a completed LibiGel Phase II clinical trial, LibiGel therapy resulted in a 238 percent increase in the number of satisfying sexual events. Today in the U.S. there is no FDA approved pharmaceutical product available for the treatment of Female Sexual Dysfunction (FSD) or Hypoactive Sexual Desire Disorder (HSDD) even though men have had several choices for years. BioSante believes LibiGel may be the first FDA approved treatment for FSD, specifically HSDD, in menopausal women in the U.S.

About LibiGel®

LibiGel is a gel formulation of testosterone designed to be quickly absorbed through the skin after application of a pea-sized dose of gel on the upper arm, delivering testosterone to the bloodstream evenly over time and in a non-invasive and painless manner. Though generally characterized as a male hormone, testosterone also is present in women and its deficiency has been found to decrease libido or sex drive. In addition, studies have shown that testosterone therapy can increase bone density, raise energy levels and improve mood, in addition to boosting sexual desire and activity.

According to a study published in the Journal of the American Medical Association, 43 percent of American women (about 40 million) experience some degree of impaired sexual function. Among the more than 1,400 women surveyed, 32 percent lacked interest in sex and 26 percent could not experience orgasm. According to IMS data, 2.0 million testosterone prescriptions were written off-label for women by U.S. physicians in 2007. The majority of women with FSD are postmenopausal, experiencing FSD due to hormonal changes following menopause, whether natural or surgical.

About BioSante Pharmaceuticals, Inc.

BioSante is a specialty pharmaceutical company focused on developing products for female sexual health, menopause, contraception and male hypogonadism. BioSante’s lead products include LibiGel® (transdermal testosterone gel) in Phase III clinical development by BioSante under a U.S. Food and Drug Administration (FDA) SPA (Special Protocol Assessment) for the treatment of female sexual dysfunction (FSD), and Elestrin™ (estradiol gel) developed through FDA approval by BioSante, indicated for the treatment of moderate-to-severe vasomotor symptoms associated with menopause, currently marketed in the U.S.

Also in development are Bio-T-Gel™, a testosterone gel for male hypogonadism, and an oral contraceptive in Phase II clinical development using BioSante patented technology. The current market in the U.S. for estrogen and testosterone products is approximately $2.5 billion and for oral contraceptives approximately $3 billion. The company also is developing its calcium phosphate technology (CaP) for novel vaccines, drug delivery and aesthetic medicine (BioLook™). Additional information is available online at: biosantepharma.cdmail.biz.

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For more information please contact:

For Media:
Harris D. McKinney, Inc.
Alan Zachary
(312) 506-5220
azachary@harrisdmckinney.com