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April 10, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
RE: Advanced Magnetics, Inc.
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Ladies and Gentlemen:
On March 18, 1996, Advanced Magnetics, Inc. (the "Company") filed a
Registration Statement on Form S-3 (the "Form S-3") with the Securities and
Exchange Commission. The Company amended the Form S-3 on March 25, 1996. The
Form S-3 related to the registration, under the Securities Act of 1933, as
amended (the "Act"), of 1,552,500 shares of Common Stock, $.01 par value, of the
Company.
Pursuant to Rule 477 under the Act, the Company hereby applies for the
withdrawal of the Form S-3. No securities have been issued or sold under the
Form S-3.
The Company has determined not to proceed with the offering and sale of
such shares as a result of the recent drop in share price of its stock. It
requests that the Securities and Exchange Commission consent to this application
on the grounds that withdrawal of the Registration Statement is consistent with
the public interest and the protection of investors, as contemplated by
paragraph (a) of said Rule 477.
Sincerely,
ADVANCED MAGNETICS, INC.
By: /s/ Jerome Goldstein
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Name: Jerome Goldstein
Title: President
