EXHIBIT 21


                         PEREGRINE PHARMACEUTICALS, INC.
                           SUBSIDIARIES OF REGISTRANT


         During January 2002, the Company announced the formation of Avid
Bioservices, Inc., a wholly-owned subsidiary of Peregrine Pharmaceuticals, Inc.

         On April 24, 1997, the Company acquired its wholly-owned subsidiary,
Vascular Targeting Technologies, Inc. (formerly known as Peregrine
Pharmaceuticals, Inc.).