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                NEWS
                  - see below... 
                   
                  AVR118 Suppresses Progression of Disease in Animal Model of
                  Multiple Sclerosis Developed at The Weizmann Institute of
                  Science(/b> 
                  Tuesday December 9, 9:10 am ET 
                   
                   
                  YONKERS, N.Y.--(BUSINESS WIRE)--Dec. 9, 2003--Advanced Viral
                  Research Corp. (OTCBB: ADVR - News) today announced that
                  administration of its novel immunomodulator AVR118 (formerly
                  known as Product R) in animals with induced experimental
                  allergic encephalomyelitis (EAE) suppressed progression of
                  this demyelinating neurological disease. 
                  This animal model, developed by the Weizmann Institute of
                  Science in Rehovot, Israel, serves as a potential model for
                  the use of AVR118 in the treatment of the human auto-immune
                  demyelinating disease, multiple sclerosis (MS). 
                   
                  EAE is a demyelinating disease of the central nervous system
                  that serves as an animal model for multiple sclerosis. In
                  experiments conducted at the Weizmann Institute, AVR118 was
                  delivered to the animals through subcutaneously implanted
                  infusion pumps for fourteen days concomitantly with the
                  induction of the disease in rats by injection of basic myelin
                  protein. AVR118 markedly inhibited the progression of
                  experimental allergic encephalomyelitis in all the rats
                  treated. Effects on the disease ceased when treatment with
                  AVR118 was discontinued. Furthermore, when AVR118 was fed
                  orally to experimental rats there was a dose-dependent
                  suppression of the demyelination that marks EAE. 
                   
                  "The positive results observed with AVR118 in the animal
                  model emphasizes the broad potential for treatment of
                  auto-immune diseases based on the anti-inflammatory properties
                  of this novel drug," said Maribel de Diego, Ph.D., ADVR's
                  head of immunology. "It is likely that the therapeutic
                  activity of AVR118 in EAE is due to the drug's modulating
                  effects on cytokines and chemokines. The strong effects of
                  AVR118 in suppressing the progression of the demyelinating
                  disease in the model in rats serve as an impetus for future
                  clinical study of the possible therapeutic role for AVR118 in
                  multiple sclerosis." 
                   
                  Multiple Sclerosis 
                   
                  The prevalence rate of multiple sclerosis is 1 in 700 (0.14%)
                  according to the National Institute of Allergy and Infectious
                  Disease (NIAID); thus there are approximately 388,000 patients
                  with the disease in the United States. The sex ratio of
                  incident cases is about 2.3 to 1, women to men. The age of
                  onset peaks between 20 and 30 years. Approximately 70% of
                  patients manifest symptoms between the ages of 21 and 40. The
                  risk of multiple sclerosis is higher both in temperate
                  climates and among people of northern European decent. 
                   
                  "These animal studies provide clinicians with critical
                  information necessary for future approval for human
                  trials," said James T. D'Olimpio M.D., a clinical
                  consultant to ADVR. "These results are highly relevant in
                  validating the scientific principles that will lead the
                  medical community into understanding a potentially new
                  therapeutic class of drugs. These tests are an important first
                  step in translating meaningful basic science to the bedside,
                  where the resulting medications may help a wide variety of
                  patients suffering the consequences of chronic disease and the
                  inflammatory mechanisms that modulate this suffering." 
                   
                  ADVR's AVR118 (formerly known as Product R) represents a
                  biopolymer chemistry that possesses novel immunomodulator
                  activity. This peptide-nucleic acid, which to date has shown
                  no indication of human toxicity, appears to stimulate the
                  proinflammatory responses required to combat viral infections
                  such as AIDS and human papilloma virus and to dampen aberrant
                  autoimmune-type inflammatory responses, such as occur in
                  patients with rheumatoid arthritis. Therefore, AVR118 has been
                  termed a "switch-type" immunomodulator. AVR118 is in
                  clinical trials in Israel for the treatment of cachexia (body
                  wasting) in patients with AIDS. 
                   
                  For further information regarding Advanced Viral Research
                  Corp., please visit our website at www.adviral.com. 
                   
                  Advanced Viral Research Corp., based in Yonkers, New York, is
                  a biopharmaceutical firm dedicated to improving patients'
                  lives by researching, developing and bringing to market new
                  and effective therapies for viral and other diseases. 
                   
                  Note: This news release contains forward-looking statements
                  that involve risks associated with clinical development,
                  regulatory approvals, including application to the FDA,
                  product commercialization and other risks described from time
                  to time in the SEC reports filed by the Company. AVR118
                  (Product R) is not approved by the U.S. Food and Drug
                  Administration or any comparable agencies of any other
                  countries. There is no assurance that the Company will be able
                  to secure the financing necessary to continue and/or complete
                  the clinical trials of AVR118 or satisfy certain other
                  conditions relating to clinical trials including obtaining
                  adequate insurance on terms acceptable to the Company. The
                  Company undertakes no obligation to update or revise the
                  information contained in this announcement whether as a result
                  of new information, future events or circumstances or
                  otherwise. 
                   
                   
                   
                  -------------------------------------------------------------------------------- 
                  Contact: 
                  CWR & Partners 
                  Ronnie Welch or Kelly Cinelli, 508/222-4802 
                   
                   
                   
                  
                  
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