Noven Announces 2006 Annual Meeting of Stockholders

NOVEN ANNOUNCES 2006 ANNUAL MEETING
OF STOCKHOLDERS

Miami, FL, May 19, 2006 -- Noven Pharmaceuticals, Inc. (NASDAQ: NOVN) today announced that it will hold its Annual Stockholders’ Meeting on May 23, 2006, at 10:00 a.m. Eastern Time, at Noven’s facilities located in Miami, Florida. A live webcast of the Meeting will be available via the Internet at www.noven.com, and thereafter a rebroadcast will be accessible at the same site for at least two weeks.

Noven Pharmaceuticals, Inc., headquartered in Miami, Florida, is a leading developer of advanced transdermal drug delivery technologies and prescription transdermal products. Noven’s prescription patches are approved in over 30 countries, and a range of new patches are being investigated and developed in collaboration with Novartis Pharma AG, Shire plc, P&G Pharmaceuticals, Endo Pharmaceuticals Inc. and others. Noven is committed to expanding the universe of available transdermal therapies for the benefit of patients, partners and shareholders. See www.noven.com for additional information.

Contact:
Alina Bowman
Investor Relations Coordinator
(305) 253-1916

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