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October 1, 2010 7:47 PM ET

TEMPE, Ariz., Oct. 1, 2010 (GLOBE NEWSWIRE) — Capstone Therapeutics (Nasdaq:CAPS) is scheduled to make a presentation at the 9^th Annual BIO Investor Forum, Palace Hotel, 2 New Montgomery Street, San Francisco, CA on Tuesday, October 5, 2010 at 3:00pm EDT. Dana B. Shinbaum, Vice President, Business Development will provide an overview and discuss the Company’s current operating environment and business strategy.

The presentation slides may be accessed through the Company’s website at www.capstonethx.com under “Investors”.

About Capstone Therapeutics

Capstone Therapeutics is a biotechnology company committed to developing a pipeline of novel therapeutic peptides aimed at helping patients with under-served medical conditions. The Company is focused on development and commercialization of two product platforms: AZX100 and Chrysalin (rusalatide acetate or TP508).

AZX100 is a novel synthetic 24-amino acid peptide, one of a new class of compounds in the field of smooth muscle relaxation and fibrosis. Based on its demonstrated effects in pre-clinical models and safety in clinical trials, AZX100 is currently being evaluated for commercially significant medical applications such as the prevention or reduction of hypertrophic and keloid scarring and treatment of pulmonary fibrosis. Capstone has an exclusive worldwide license to AZX100.

Chrysalin, the Company’s novel synthetic 23-amino acid peptide, has been proven in multiple pre-clinical and clinical models to stimulate cellular events leading to angiogenesis, revascularization, and repair of dermal and musculoskeletal tissues. It is currently being evaluated in disorders that involve vascular endothelial dysfunction, such as acute myocardial infarction and chronic myocardial ischemia. The Company owns exclusive worldwide rights to Chrysalin.

Capstone’s corporate headquarters are in Tempe, Arizona. For more information, please visit the Company’s website: www.capstonethx.com .

The Capstone Therapeutics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5429

Regards,

Don