Spectrum Pharmaceuticals Named One of the Best Places to Work in Southern Nevada

HENDERSON, Nev.--(BUSINESS WIRE)--Spectrum Pharmaceuticals (NasdaqGS: SPPI), a biotechnology company with fully integrated commercial and drug development operations with a primary focus in hematology and oncology, today announced the Company has been named one of the Best Places to Work by the Southern Nevada Human Resources Association (SNHRA). Spectrum ranked second in the small-sized company category of firms with 100 to 299 employees.

“At Spectrum, we continually seek to create an environment that encourages many qualities– initiative and commitment, integrity, open communications, and responsiveness to changing conditions. We believe these attributes are essential in accomplishing our mission to deliver better options for people suffering from cancer.”

“We are honored to be recognized for providing an outstanding workplace and are thrilled this is the second award of this kind that we’ve received in 2012,” stated Rajesh C. Shrotriya, M.D., Chairman, President and Chief Executive Officer of Spectrum Pharmaceuticals, Inc. “At Spectrum, we continually seek to create an environment that encourages many qualities– initiative and commitment, integrity, open communications, and responsiveness to changing conditions. We believe these attributes are essential in accomplishing our mission to deliver better options for people suffering from cancer.”

In its eleventh year, SNHRA’s “Best Places to Work” awards program recognizes top Southern Nevada employers for innovative human resource practices and programs. One or more employees nominate their company as a Best Place to Work, submitting a comprehensive application regarding human resources programs, benefits and employee engagement strategies. A panel of Society for Human Resource Management (SHRM) chapters anonymously judges the applications under the categories of micro, small, medium, large, gaming, and government organizations.

The Southern Nevada Human Resources Association (SNHRA) is the premier professional association for human resource professionals in the southern part of the region, with 300 members representing more than 200 organizations. Spectrum received the Best Place to Work award at SNHRA’s 11th annual awards banquet held on October 12, 2012.

Spectrum’s headquarters are in Henderson, Nevada. The Company also has a research and development facility in Irvine, CA.

About Spectrum Pharmaceuticals, Inc.

Spectrum Pharmaceuticals is a leading biotechnology company focused on acquiring, developing, and commercializing drug products, with a primary focus in oncology and hematology. Spectrum and its affiliates market three oncology drugs ─ FUSILEV^® (levoleucovorin) for Injection in the U.S.; FOLOTYN^® (pralatrexate injection), also marketed in the U.S.; and ZEVALIN^® (ibritumomab tiuxetan) Injection for intravenous use, for which the Company has worldwide marketing rights. Spectrum's strong track record in in-licensing and acquiring differentiated drugs, and expertise in clinical development have generated a robust, diversified, and growing pipeline of product candidates in advanced-stage Phase 2 and Phase 3 studies. More information on Spectrum is available at www.sppirx.com.

Forward-looking statement — This press release may contain forward-looking statements regarding future events and the future performance of Spectrum Pharmaceuticals that involve risks and uncertainties that could cause actual results to differ materially. These statements are based on management's current beliefs and expectations. These statements include but are not limited to statements that relate to our business and its future, including certain company milestones, Spectrum's ability to identify, acquire, develop and commercialize a broad and diverse pipeline of late-stage clinical and commercial products, leveraging the expertise of partners and employees around the world to assist us in the execution of our strategy, and any statements that relate to the intent, belief, plans or expectations of Spectrum or its management, or that are not a statement of historical fact. Risks that could cause actual results to differ include the possibility that our existing and new drug candidates may not prove safe or effective, the possibility that our existing and new applications to the FDA and other regulatory agencies may not receive approval in a timely manner or at all, the possibility that our existing and new drug candidates, if approved, may not be more effective, safer or more cost efficient than competing drugs, the possibility that our efforts to acquire or in-license and develop additional drug candidates may fail, our lack of sustained revenue history, our limited marketing experience, our dependence on third parties for clinical trials, manufacturing, distribution and quality control and other risks that are described in further detail in the Company's reports filed with the Securities and Exchange Commission. We do not plan to update any such forward-looking statements and expressly disclaim any duty to update the information contained in this press release except as required by law.

SPECTRUM PHARMACEUTICALS, INC.^®, FUSILEV^®, FOLOTYN^® and ZEVALIN^®, are registered trademarks of Spectrum Pharmaceuticals, Inc and its affiliates. REDEFINING CANCER CARE™ and the Spectrum Pharmaceuticals logos are trademarks owned by Spectrum Pharmaceuticals, Inc.