Spectrum Pharmaceuticals' Chairman And Chief Executive Officer Named Ernst & Young Entrepreneur Of The Year® National Award Finalist

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 that Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer and President of Spectrum Pharmaceuticals, has been named an Ernst & Young National Entrepreneur Of The Year 2012 Life Science Finalist. Ernst & Young’s Entrepreneur Of The Year is the country’s most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

"I am honored to have been a finalist for the national E&Y award, having received the Orange County Region Entrepreneur of the Year award last year,” said Rajesh C. Shrotriya, M.D., Chairman, President and Chief Executive Officer of Spectrum Pharmaceuticals, Inc. “Our firm has achieved significant progress over the past two years, continuing to diversify our business and lowering financial and clinical risks. We now have three commercial cancer therapies, a robust, maturing pipeline, including two late-stage product candidates and a strong balance sheet. We have achieved a record eight consecutive quarters of profitability. For the first nine months of 2012, total revenues are up 41.2% year over year. This is testament to the dedication and commitment of our teams focusing on critical unmet medical needs and bringing new therapeutic options to patients.”

Dr. Shrotriya was recognized as one of four Finalists in the Life Science category. The Finalists were honored at the Entrepreneur Of The Year Awards gala, the culminating event of the Ernst & Young Strategic Growth Forum® in Palm Springs, Calif. The Forum is the nation’s premier gathering of high-growth, market-leading companies. Awards were given in a total of ten categories. The Ernst & Young Entrepreneur Of The Year Finalists and Award winners were selected by an independent panel of judges from 244 regional award recipients.

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