Osiris Announces Third Quarter 2008 Financial Results Conference Call

Osiris Therapeutics, Inc. (NASDAQ:OSIR), the leader in stem cell therapeutics, announced today that it will report its financial results for the quarter ended September 30, 2008, on Tuesday, November 4, 2008. C. Randal Mills, Ph.D., President and Chief Executive Officer, and Richard Hunt, Chief Financial Officer, will provide a company update and discuss results via a webcast and conference call on Tuesday, November 4, 2008 at 9:00 a.m. ET.

To access the webcast, visit the Investor Relations section of the company's website at http://investor.osiris.com/events.cfm. Alternatively, callers may participate in the conference call by dialing (877) 874-1569 (U.S. participants) or (719) 325-4780 (international participants).

A replay of the conference call will be available approximately two hours after the completion of the call through November 18, 2008. Callers can access the replay by dialing (888) 203-1112 (U.S. participants) or (719) 457-0820 (international participants). The audio replay passcode is 2745823. To access a replay of the webcast, visit the Investor Relations section of the company's website at http://investor.osiris.com/events.cfm.

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