Levi & Korsinsky is investigating the Board of Directors of Allos Therapeutics, Inc. (“Allos” or the “Company”) (NASDAQ: ALTH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AMAG Pharmaceuticals, Inc. (“AMAG”) (NASDAQ: AMAG). Under the terms of the transaction, Allos stockholders will receive a fixed ratio of 0.1282 shares of AMAG stock for each share of Allos common stock they own, representing a value of approximately $2.44 a share. The transaction has a total approximate value of $686 million.

Click here to learn how to join the action: http://www.zlk.com/allos-therapeutics-alth, or call: 877-363-5972.

The investigation concerns whether the Allos Board breached its fiduciary duties to stockholders by failing to adequately shop the Company before entering into this deal and whether AMAG is underpaying for Allos shares, thus unlawfully harming Allos stockholders. In particular, Allos stock has traded as high as $4.15 as recently as January 12, 2011. Furthermore, at least one analyst set a price target of $8.00 per Allos share.

If you own common stock in Allos and wish to obtain additional information, please contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions and have a combined experience of more than 50 years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Joseph Levi, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com