UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2006

Commission File Number 1-32654

___________________

ANORMED INC.

(Translation of registrant's name into English)

#200 – 20353 64^th Avenue

Langley, British Columbia

Canada V2Y 1N5

(Address of principal executive offices)

___________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ ] Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ] No [X]

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

DOCUMENTS FILED

See the Exhibit Index hereto for a list of the documents filed herewith and forming a part of this Form 6-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ANORMED INC.

By:

/s/ W. J. Adams

Name: William J. (Bill) Adams

Title:

Chief Financial Officer,
Vice President, Finance, Secretary and Treasurer

Date: June 1214, 2006

EXHIBIT INDEX

Exhibit	Description
99.1	News release dated June 913, 2006.

		Exhibit 99.1
	AnorMED Inc. 200 - 20353 64th Avenue Langley, British Columbia Canada V2Y 1N5	TEL (604) 530-1057 FAX (604) 530-0976 www.anormed.com

PRESS RELEASE

ANORMED TOPROVIDES ~~PRESENT~~OUTLOOK ATFOR ~~THE~~FISCAL ~~FIFTH ANNUAL NEEDHAM BIOTECHNOLOGY CONFERENCE~~2007

Releases financial results for fiscal year ended March 31, 2006

For Immediate Release:

June 913, 2006

~~Vancouver~~Langley, British Columbia – AnorMED ~~Inc.~~ (~~AMEX~~TSX:AOM;, ~~TSX~~AMEX:AOM) today ~~announced~~released ~~that~~its ~~the~~financial ~~Company~~results ~~will~~for ~~participate~~the atfiscal ~~the~~year ~~Needham~~ended ~~Biotechnology~~March ~~Conference~~31, in2006 ~~New~~and ~~York~~issued ~~City.~~a ~~Bill~~statement ~~Adams,~~providing ~~CFO,~~a ~~will~~current ~~present~~outlook atfor the ~~conference~~next ~~being~~12 ~~held~~months atand ~~the~~beyond ~~New~~based ~~York Palace Hotel~~ on ~~Thursday,~~the ~~June~~new 15strategic atdirection ~~3:30pm~~for ~~EDT. A live webcast of~~ the ~~presentation will be available on AnorMED's website at www~~Company.~~anormed.com.~~

Kenneth Galbraith, Chairman and Acting CEO, said the new strategy is designed to transform the Company from a research focus into a successful, fully-integrated biopharmaceutical company built around the timely development and commercialization of MOZOBIL in order to maximize shareholder value in both the near-term and long-term. MOZOBIL is now being evaluated in two Phase III clinical studies after demonstrating the potential to help cancer patients successfully undergo stem cell transplants in Phase II clinical studies.

“The new Board of Directors and management believe that MOZOBIL presents a substantial opportunity to improve outcomes for patients undergoing stem cell transplants and that this opportunity is not yet fully appreciated by the financial markets. As a result, the current market value of the Company’s shares remains significantly below that of other comparable companies that retain the commercial rights to their late-stage products,” said Mr. Galbraith.

“This strategic direction was selected by the new Board of Directors and management in the belief that the best way to maximize near-term and long-term shareholder value is to complete the final stages of MOZOBIL development in North America and Europe independent of strategic partners and then implement a global commercial strategy involving the appropriate combination of direct marketing by AnorMED and arrangements with local distributors and regional partners.”

“The important near-term goal will be to complete the current Phase III studies of MOZOBIL and announce top-line data from both studies in patients with multiple myeloma and non-Hodgkin’s lymphoma by the second quarter of calendar 2007. Assuming successful results from these two studies, the Company would expect to complete filings for marketing approval in the U.S., Canada and Europe in 2007 and 2008. The important three-year goal is to provide broad access to MOZOBIL for transplant patients in the U.S., Canada and Europe by no later than mid-2009, subject to the receipt of approvals from regulatory agencies based on these filings,” Mr. Galbraith said.

Key Events /Milestones for the Next 12 Months for MOZOBIL

In implementing its new strategy the Company expects the following key events and milestones for MOZOBIL to occur over the next 12 months with the corresponding calendar quarter indicated where appropriate:

Complete 100% patient enrolment in the Phase III studies of MOZOBIL for both multiple myeloma and non-Hodgkin’s lymphoma by Q4 2006

Initiate additional Phase II studies for MOZOBIL in transplant indications in the U.S., Canada and Europe by Q1 2007 and Q2 2007

Announce top-line data for both Phase III MOZOBIL studies by Q2 2007

Initiate two pilot studies for new MOZOBIL indications by Q1 2007

Establish initial Company development team in Europe for MOZOBIL by Q1 2007

MOZOBIL Development

MOZOBIL development continues to progress on schedule with two Phase III studies ongoing at 45 transplant centers in the U.S, Canada and Europe. As at June 12, 2006, 276 patients of the required 300 patients (or 92%) had been enrolled in the Phase III study of patients with multiple myeloma and 227 patients of the required 300 patients (or 76%) had been enrolled in the Phase III study of patients with non-Hodgkin’s lymphoma.

We still expect to complete the full enrolment of both studies in 2006. Further updates regarding the number of enrolled patients will continue to be provided on a regular basis and we expect to make a public announcement when the last patient is enrolled in each study.

Based on the current status of patient enrolment and the required follow-up period for each study, we expect to be able to announce top-line data by the second calendar quarter of 2007.

If the clinical studies are successful, we would expect to be able to file a New Drug Application (NDA) for marketing approval in the U.S. by the end of 2007 and the full data would be published or presented at a medical conference in conjunction with this filing. We intend to request a priority review for our U.S. NDA filing which, if granted, would require a determination by the U.S. Food and Drug Administration (FDA) within six months of filing rather than the normal 12 months. Subsequently, the Company would expect to make additional filings seeking marketing approval in Canada and Europe in 2008.

We also expect to initiate a series of additional Company-sponsored clinical studies in the U.S. and Europe involving MOZOBIL commencing in the first calendar quarter of 2007 to address expanded uses in transplant and to investigate potential additional applications for this drug candidate.

MOZOBIL Commercial Strategy

The Company believes that the optimal global commercial strategy for MOZOBIL is a combination of direct marketing by AnorMED sales forces and the use of local distributors and regional partners. We are completing the necessary market planning and research activities and expect to commence building the appropriate commercial infrastructure for MOZOBIL in 2007 after top-line data is available.

AMD070 Development

The ongoing proof-of-principle clinical study of AMD070 in HIV patients (“XACT”) is continuing to accrue patients at one site in the U.S. and one site in the United Kingdom. In the first quarter of Fiscal 2007, we initiated a Phase I clinical study for AMD070 called XIST, which is a drug interaction study in healthy volunteers. We also are continuing over the next several quarters with our preclinical safety studies of lead formulations of AMD070. Any additional efficacy or safety data will be submitted for presentation at the Conference on Retroviruses and Opportunistic Infections scheduled to be held in Los Angeles, California from February 25 to 28, 2007.

Research Programs

We have several compounds from our CCR5 entry inhibitor anti-HIV research program progressing through multi-dose preclinical safety testing. As this research program has been ongoing for several years, we intend to reallocate future research efforts to other programs if a lead clinical candidate is not identified by the end of calendar 2006. We are also continuing our research efforts with preclinical work in CXCR4 in oncology.

European Development Organization

We will take active steps this year to build our capabilities to undertake development work on MOZOBIL in Europe. A small development team is planned to be established in Europe by the first calendar quarter of 2007. This organization is expected to allow the Company to initiate additional clinical studies for MOZOBIL in the five major European markets in order to build clinical experience at major transplant centres in those markets with MOZOBIL and to explore new indications to expand the potential use of MOZOBIL after the initial marketing approvals. This team would also manage any partnering arrangements we may enter into in Europe.

Based on our expectation that the results from the Phase III studies for MOZOBIL will be positive, we plan to start building an expanded development organization to support the filing for European approval in 2008 and determining the extent of our own commercial infrastructure in the major European markets and the extent of the arrangements we will enter with local distributors and regional partners for the sale of MOZOBIL in the remaining European markets.

Human Resource Strategy

In order to execute the new strategic direction in Fiscal 2007, we will need to expand our capabilities in regulatory affairs, clinical research and quality assurance. We expect to increase our workforce by approximately 25 to 30 employees by March 31, 2007 in the U.S., Canada and Europe. Successful results from the ongoing Phase III studies of MOZOBIL would require us to increase our workforce further to support the expanded development and eventual commercialization of MOZOBIL.

We expect to complete the executive searches for a new President and Chief Executive Officer and a Vice President of Regulatory Affairs during the 2007 fiscal year. In the interim, the Board is confident that the current management team is capable of executing the current plan and accomplishing the corporate goals identified for the next 12 months.

Appointment of Paul Brennan as an Additional Director

The Board of Directors also announced the appointment of Paul Brennan, Acting President and Vice President, Business Development as a Director of the Company. Mr. Brennan will serve as a management Director until such time as the new President and Chief Executive Officer is hired.

Financial Strategy

As of March 31, 2006, the Company had cash resources of approximately $62 million.

In order to support the continued development and commercialization of MOZOBIL and the advancement of the product pipeline over the next three years, the Company will need to access additional capital to fund development costs and pre-commercial activities.

Possible mechanisms for improving the Company’s financial longevity and increasing flexibility in future spending may include raising additional equity capital, monetizing non-core assets, partnering of non-MOZOBIL programs and partnering arrangements for MOZOBIL. In the event that sufficient capital is unavailable from these sources on a timely basis, the Company could take steps to reduce its burn rate by reducing or deferring spending on non-MOZOBIL programs or delaying the expansion of additional MOZOBIL studies prior to top-line data becoming available.

Financial Results for Year Ended March 31, 2006

For the fourth quarter ended March 31, 2006, we reported a net loss of $12,784,000 (or $0.32 per common share) as compared to a net loss of $11,403,000 (or $0.34 per common share) in the third quarter of Fiscal 2006 and a net loss of $7,619,000 (or $0.24 per common share) in the fourth quarter of Fiscal 2005.

The Company reported a net loss of $41,467,000 (or $1.20 per share) for the fiscal year ended March 31, 2006 as compared to a net loss of $2,169,000 (or $0.07 per share) in

Fiscal 2005. The increased loss was consistent with the increased spending required for the Phase III trials for MOZOBIL. Also, the reduced loss for Fiscal 2005 reflected a

substantial milestone payment of approximately $21.6 million from Shire Pharmaceuticals from the restructured collaboration between the Company and Shire relating to FOSRENOL. The Company expects to receive additional milestone payments of U.S. $6 million from Shire in Fiscal 2007 based on the receipt of additional approvals of FOSRENOL in Europe.

As at March 31, 2006, the Company had total cash resources of approximately $62 million. The Company’s cash position was strengthened during the year as a result of a financing completed in December 2005 for net proceeds of approximately $32 million.

-more-

Capital expenditures for the fiscal year totalled approximately $1.6 million relating mainly to a facility expansion to accommodate growth in the number of employees and a software installation to allow electronic filings for our FDA submission expected in 2007.

Included in general and administrative expenses for the fiscal year are approximately $1.3 million in costs relating to the Special Meeting of Shareholders held on April 21, 2006. A further amount of $1.975 million is expected to be charged to expense in the first fiscal quarter of 2007 relating to the remaining costs incurred for the special meeting in Fiscal 2007. Also, a charge of $4.1 million will be recorded in the first fiscal quarter of 2007 relating to potential severance and retention payments to management as a result of the election of a new Board by shareholders on April 21, 2006.

About MOZOBIL

MOZOBIL is a stem cell mobilizer used in stem cell transplants, a procedure used to restore the immune system of cancer patients who have had treatments that previously destroyed their immune cells. MOZOBIL works by triggering the rapid movement of stem cells out of the bone marrow and into circulating blood. Once in the circulating blood, the stem cells can be collected for use in a stem cell transplant. In Phase II studies, MOZOBIL consistently demonstrated the ability to help cancer patients generate more of their own stem cells, resulting in an increase in the potential for these patients to be able to undergo a stem cell transplant.

MOZOBIL is currently the subject of two Phase III clinical studies at 45 major centres in the U.S., Canada and Europe involving 600 cancer patients with either non-Hodgkin's lymphoma or multiple myeloma and who are undergoing autologous stem cell transplantation as a part of their treatment. Both Phase III studies are randomized, double-blind, placebo-controlled, comparative trials of MOZOBIL plus G-CSF versus placebo plus G-CSF, the current standard drug used to stimulate additional stem cells within bone marrow.

The Company expects to complete patient recruitment of both Phase III studies by the end of 2006 and announce top-line results from the studies by the second calendar quarter of 2007. If successful, the results of these clinical studies would be the basis for filings in the United States, Canada, the E.U. and other countries seeking approval to market MOZOBIL for these indications.

About AnorMED Inc.

AnorMED is a chemistry-based biopharmaceutical company focused on the discovery, development and commercialization of new therapeutic products in the areas of hematology, oncology and HIV, based on the Company’s research into chemokine receptors.

The Company’s product pipeline includes MOZOBIL, currently in Phase III studies in cancer patients undergoing stem cell transplants; AMD070, currently in Phase I/II studies in HIV patients; and several novel classes of compounds in ~~pre-clinical~~preclinical development that target specific chemokine receptors known to be involved in a variety of diseases. Additional information on AnorMED Inc. is available on the Company's website www.anormed.com.

~~Note:~~This ~~Certain of the statements contained in this~~ press release ~~may~~contains ~~contain~~ forward-looking statements ~~and forward-looking information~~ within the meaning of the Private Securities Litigation ~~Reform~~ Act of 1995 or ~~applicable~~forward-looking ~~Canadian~~information within the meaning of applicable securities laws in Canada. Forward-looking ~~Statements~~statements or information ~~regarding~~include, ~~our~~but ~~strategy,~~are ~~future~~not ~~operations~~limited to, ~~future~~statements ~~financial~~about: ~~position,~~our ~~timing~~expectations ~~and~~with respect to enrolment for, completion of, and reporting on our various clinical trials,; ~~prospects~~our ~~and~~expectations for the timing of regulatory approvals for MOZOBIL; our plans ~~and~~to ~~objectives~~commence building commercial infrastructure for MOZOBIL; our intentions relating to the future of ~~management~~the ~~are~~CCR5 ~~forward-looking~~research ~~statements.~~program; our plans for an EU development organization; our expectations with respect to increasing our workforce and completing executive searches; and, our plans in the event sufficient capital is not available from alternative sources of funding. The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects,”, “forecasts”, “intends”, “may”, “~~plans~~might”, “plans”, “projects”, “schedule”, “should”, “will”, “would” and similar expressions are intended to identify forward-looking statements or information, although not all forward-looking statements or information contain these identifying words. Readers ~~Plans~~are cautioned that the plans, intentions or expectations disclosed in any forward-looking statements or information ~~should~~may not be ~~read~~achieved asand ~~guarantees~~that ofthey ~~future~~should ~~results~~not orplace ~~events,~~undue ~~and~~reliance ~~will~~on ~~not~~any ~~necessarily~~forward-looking bestatements ~~accurate~~or ~~indications~~information. ofActual ~~whether~~results or ~~the~~events ~~times~~could atdiffer ormaterially byfrom ~~which~~the ~~such~~plans, ~~results~~intentions orand ~~events~~expectations ~~will~~expressed beor ~~achieved.~~implied ~~Forward~~in any forward-looking statements or information ~~involve~~as ~~known~~a ~~and~~result ~~unknown~~of numerous risks, uncertainties and other factors, ~~which~~including ~~may~~those ~~cause~~relating ~~the~~to: ~~actual~~our ~~results,~~early ~~performance~~stage orof ~~achievements~~development, ofparticularly the ~~Company,~~inherent orrisks ~~industry~~and ~~results,~~uncertainties toassociated bewith ~~materially~~(i) ~~different~~developing ~~from~~new ~~any~~drug ~~future~~candidates ~~results~~generally, ~~performance~~and orspecifically, ~~achievements~~drug ~~expressed~~candidates orthat ~~implied~~interact bywith ~~such~~chemokine ~~forward-looking~~receptors, ~~statements~~(ii) ordemonstrating ~~information~~the ~~including:~~safety weand ~~may~~efficacy ~~not~~of bethese ~~able~~drug tocandidates ~~develop~~in clinical studies in humans, and ~~obtain~~(iii) obtaining regulatory approval ~~for~~to ~~MOZOBIL~~commercialize inthese ~~stem~~drug ~~cell~~candidates; ~~transplant~~our ~~indications~~drug candidates require time-consuming and ~~any~~costly ~~future~~preclinical ~~product~~and ~~candidates~~clinical intesting ~~our~~and ~~targeted~~regulatory ~~indications~~approvals prior to commercialization; weclinical ~~may~~studies ~~not~~and beregulatory ~~able~~approvals toof ~~establish~~our ~~marketing~~drug ~~and~~candidates ~~sales~~are ~~capabilities~~subject ~~and~~to ~~the~~delays, ~~costs~~and ofmay ~~launching~~not ~~MOZOBIL~~be ~~stem~~completed ~~cell~~or ~~transplant~~granted ~~indications~~on ~~and~~expected ~~any~~timetables, ~~future~~if ~~products~~at inall, ~~our~~and ~~targeted~~such ~~indications~~delays may beincrease ~~greater~~our ~~than anticipated~~costs; weour ~~rely~~ability onto ~~third~~raise ~~parties~~substantial ~~for~~additional ~~the~~financing ~~continued~~required ~~supply~~to ~~and~~fund ~~manufacture~~further ofresearch ~~MOZOBIL~~and development, weconduct ~~may~~planned ~~face~~preclinical ~~unknown~~and ~~risks~~clinical ~~related~~studies, toand ~~intellectual~~obtain ~~property~~regulatory ~~matters~~approvals; wedevelopment ~~may~~or ~~face~~commercialization ~~competition~~of ~~from~~similar ~~other~~products ~~pharmaceutical~~by orour ~~biotechnology~~competitors, ~~companies. Investors~~many of which are ~~referred~~more toestablished ~~the~~and ~~discussion~~have ofgreater ~~such~~financial ~~risks~~resources than we do; our limited manufacturing, ~~uncertainties~~sales, marketing and ~~other~~distribution ~~factors~~experience; inour ~~AnorMED’s~~ability ~~Final~~to ~~Short~~obtain ~~Form~~raw ~~Prospectus~~materials ~~dated~~and ~~December~~manufacture 1,products ~~2005~~in ~~filed~~commercial onquantities ~~SEDAR~~at ~~with~~acceptable ~~Canadian~~costs; ~~securities~~and, ~~regulatory~~our ~~authorities~~ability to successfully attract and inretain ~~Exhibit~~skilled 99and experienced personnel.1 Other torisks, ~~AnorMED's~~uncertainties ~~Report~~and onfactors ~~Form~~that ~~6-K~~our ~~filed~~management ~~with~~believes ~~the~~could ~~U.S.~~cause ~~Securities~~actual ~~and~~results ~~Exchange~~or ~~Commission~~events onto ~~December~~differ ~~23,~~materially ~~2005.~~from ~~Forward~~the forward-looking statements or information are ~~based~~discussed onin ~~the~~our ~~beliefs,~~filings ~~opinions~~with the Securities and ~~expectations~~Exchange ofCommission and the ~~Company’s~~securities ~~management~~regulatory atauthorities ~~the~~in ~~time~~Canada. Although ~~they~~we ~~are~~have ~~made~~attempted to identify important risks, uncertainties and ~~the~~other ~~Company~~factors ~~does~~that ~~not~~could ~~assume~~cause ~~any~~actual ~~obligation~~results or events to ~~update~~differ ~~its~~materially from those expressed or implied in the forward-looking ~~statement~~statements or information, there may be other factors that cause actual results or events

to differ from those expressed or implied in the forward-looking statements or information. We ifundertake ~~those~~no ~~beliefs,~~obligation ~~opinions~~to revise or ~~expectations~~update ~~change,~~any forward-looking statements or ~~there~~information isas a result of new information, future events or ~~other~~otherwise ~~circumstances~~after ~~should~~the ~~change~~date ~~other~~hereof, ~~than~~except as may be required by ~~applicable~~ law.

-Teleconference Call Notification: June 13, 2006 4:30- pm/EDT (1:30 pm/PDT)

On Tuesday, June 13, 2006, AnorMED Inc. will host a teleconference call at 4:30 pm/EDT (1:30 pm/PDT). To participate in the teleconference please dial, 1-800-396-0424 in Canada and the U.S. or 1-416-641-6669 Internationally before 4:30 pm/EDT. This call will be taped, available one hour after the teleconference, and on replay until July 13, 2006. To hear a complete replay, please call 1-800-558-5253. The reservation number required for access is 21294294. This call will also be webcast from AnorMED’s website at www.anormed.com.

For further information:

Company Contact: W.J. (Bill) Adams, ~~C.A~~Chief Financial Officer, Tel: 604-530-1057 or Kim Nelson, Manager Investor Relations, Tel: 604-532-4654

~~Kim~~Media ~~Nelson~~Contact: Karen Cook-Boas, Ph604 739-7500, kcook@hoggan.D.com

~~CFO~~ -more-

Manager, Investor Relations

AnorMED Inc. - Financial Highlights
Fourth Quarter Report - 2006

CONSOLIDATED BALANCE SHEETS
(In thousands of Canadian dollars,
except share numbers)	As at March 31			As at March 31
(audited)	2006			2005

ASSETS
Current assets
Cash and cash equivalents	$	56,758		$	57,834
Short-term investments		5,492			7,440
Accounts receivable		504			513
Prepaid expenses		1,353			1,001
Current portion of security deposit		100			-
		64,207			66,788
Security deposit		-			100
Long-term investment		282			292
Property and equipment, net		3,679			3,040

	$	68,168		$	70,220
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities	$	9,034		$	4,709

Shareholders' equity
Share capital
Issued and outstanding:
Common shares - 41,229,405		187,683			153,786
(March 31, 2005 - 31,829,493)
Additional paid-in capital		2,891			1,698
Accumulated deficit		(131,440	)		(89,973	)
		59,134			65,511

	$	68,168		$	70,220

Tel: 604-530-1057

CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of Canadian dollars,	For the three months ended						For the year ended
except per share amounts)	March 31						March 31
	2006			2005			2006			2005
	(unaudited)			(unaudited)			(audited)			(audited)
Revenue
Licensing	$	270		$	347		$	295		$	24,268

Expenses
Research and development		9,501			6,100			32,227			19,561
General and administrative		3,870			2,028			10,057			6,731
Amortization		236			218			881			886
		13,607			8,346			43,165			27,178
Other income (expense)
Interest and other income		606			431			1,846			1,463
Foreign exchange gain (loss)		(53	)		156			(443	)		262
Other expenses		-			(207	)		-			(984	)
		553			380			1,403			741

Net loss	$	(12,784	)	$	(7,619	)	$	(41,467	)	$	(2,169	)

Loss per common share	$	(0.32	)	$	(0.24	)	$	(1.20	)	$	(0.07	)

Diluted loss per common share	$	(0.32	)	$	(0.24	)	$	(1.20	)	$	(0.07	)

Tel: 604-532-4654

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(In thousands of Canadian dollars,									Additional			Total
except share numbers)	Common Shares					Accumulated			paid-in			shareholders'
(unaudited)	Number		Amount			deficit			capital			equity

Balance at March 31, 2005		31,829,493	$	153,786		$	(89,973	)	$	1,698		$	65,511
Issued for cash		14,800		51			-			-			51
Issued on exercise of options		1,399		7			-			(3	)		4
Stock-based compensation		-		-			-			333			333
Net loss		-		-			(8,025	)		-			(8,025	)

Balance at June 30, 2005		31,845,692		153,844			(97,998	)		2,028			57,874
Issued for cash		1,000		3			-			-			3
Issued on exercise of options		24,000		58			-			-			58
Stock-based compensation		-		-			-			305			305
Net loss		-		-			(9,255	)		-			(9,255	)

Balance at September 30, 2005		31,870,692		153,905			(107,253	)		2,333			48,985
Issued for cash		16,500		55			-			-			55
Issued on exercise of options		13,300		42			-			(9	)		33
Issued for cash pursuant to public financing		8,625,000		34,500			-			-			34,500
Share issue costs		-		(2,503	)		-			-			(2,503	)
Stock-based compensation		-		-			-			318			318
Net loss		-		-			(11,403	)		-			(11,403	)

Balance at December 31, 2005		40,525,492		185,999			(118,656	)		2,642			69,985
Issued for cash		4,650		22			-			-			22
Issued on exercise of options		699,263		1,662			-			(21	)		1,641
Stock-based compensation		-		-			-			270			270
Net loss		-		-			(12,784	)		-			(12,784	)

Balance at March 31, 2006		41,229,405	$	187,683		$	(131,440	)	$	2,891		$	59,134



										Additional			Total
		Common Shares					Accumulated			paid-in			shareholders'
		Number		Amount			deficit			capital			equity

Balance at March 31, 2004		31,740,148	$	153,452		$	(87,804	)	$	401		$	66,049
Issued for cash		450		3			-			-			3
Issued on exercise of options		15,800		66			-			(15	)		51
Stock-based compensation		-		-			-			230			230
Net loss		-		-			(3,814	)		-			(3,814	)

Balance at June 30, 2004		31,756,398		153,521			(91,618	)		616			62,519
Issued for cash		10,860		48			-			-			48
Issued on exercise of options		45,498		144			-			(3	)		141
Stock-based compensation		-		-			-			374			374
Net loss		-		-			(6,584	)		-			(6,584	)

Balance at September 30, 2004		31,812,756		153,713			(98,202	)		987			56,498
Issued for cash		1,600		10			-			-			10
Issued on exercise of options		9,597		41			-			(4	)		37
Stock-based compensation		-		-			-			349			349
Net income		-		-			15,848			-			15,848

Balance at December 31, 2004		31,823,953		153,764			(82,354	)		1,332			72,742
Issued for cash		4,540		20			-			-			20
Issued on exercise of options		1,000		2			-			-			2
Stock-based compensation		-		-			-			366			366
Net loss		-		-			(7,619	)		-			(7,619	)

Balance at March 31, 2005		31,829,493	$	153,786		$	(89,973	)	$	1,698		$	65,511

Email: wjadams@anormed.com

CONSOLIDATED STATEMENTS OF CASH FLOWS
	For the three months ended						For the year ended
(In thousands of Canadian dollars)	March 31						March 31
	2006			2005			2006			2005
	(unaudited)			(unaudited)			(audited)			(audited)
Cash provided by (used in):

Operations:
Net loss	$	(12,784	)	$	(7,619	)	$	(41,467	)	$	(2,169	)
Items not involving cash
Amortization		236			218			881			886
Loss on disposal of property and equipment		23			7			56			14
Licensing revenue received in shares		-			-			-			(1,312	)
Unrealized foreign exchange loss (gain) on long-term investment		(1	)		(10	)		10			36
Loss on revaluation of long-term investment		-			207			-			984
Compensatory stock options		270			366			1,226			1,319
Changes in non-cash operating working capital
Accounts receivable		(103	)		(182	)		9			(161	)
Prepaid expenses		147			118			(352	)		(436	)
Accounts payable and accrued liabilities		1,299			2,375			4,325			1,041

		(10,913	)		(4,520	)		(35,312	)		202
Investments:
Net sale (purchase) of short-term investments		(22	)		19,375			1,948			17,572
Security deposit		-			150			-			150
Proceeds on disposal of property and equipment		2			4			18			4
Purchase of property and equipment		(607	)		(424	)		(1,594	)		(1,014	)
		(627	)		19,105			372			16,712
Financing:
Issuance of shares, net of share issue costs		1,663			22			33,864			312

Increase (decrease) in cash and cash equivalents		(9,877	)		14,607			(1,076	)		17,226
Cash and cash equivalents, beginning of the period		66,635			43,227			57,834			40,608

Cash and cash equivalents, end of the period	$	56,758		$	57,834		$	56,758		$	57,834

Cell: 604-614-2886

Email: knelson@anormed.com

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