July 23, 2008

Transcept Pharmaceuticals to Present at the BMO Capital Markets 2008 Focus on Healthcare Conference

PT. RICHMOND, Calif., July 23 /PRNewswire/ -- Transcept Pharmaceuticals, Inc. today announced that Glenn A. Oclassen, President & Chief Executive Officer, will present at the BMO Capital Markets 2008 Focus on Healthcare Conference at the Millennium Broadway Hotel in New York City on Wednesday, August 6, 2008 at 11:45 AM Eastern Time.

About Transcept Pharmaceuticals

Transcept Pharmaceuticals, Inc. is a specialty pharmaceutical company deriving significant new patient benefits from proven CNS drugs. Transcept development projects leverage new understanding of CNS conditions to provide additional uses and enhanced clinical benefits for existing active agents. The lead Transcept product candidate, Intermezzo(R) (zolpidem tartrate sublingual lozenge), is a low dose formulation of zolpidem for the treatment of insomnia in patients who awaken in the middle of the night and have difficulty returning to sleep. Phase 3 clinical trials have been completed for Intermezzo(R) and Transcept plans to submit an NDA in the third quarter of 2008. Transcept is also developing TO-2060, a novel, fixed-dose combination of olanzapine and ondansetron for the treatment of dopamine associated psychiatric disorders. For further information, please visit the Company's website at: http://www.transcept.com/.

    Contacts:     Transcept Pharmaceuticals, Inc.       The Ruth Group    Michael Gill                          Investors / Media    Director of Communications            Stephanie Carrington / Jason Rando    (510) 215-3575                        (646) 536-7017 / 7025    [email protected]                   [email protected]                                          [email protected]  

Transcept Pharmaceuticals, Inc.

CONTACT: Michael Gill, Director of Communications of TransceptPharmaceuticals, Inc., +1-510-215-3575, [email protected]; or Investors,Stephanie Carrington, +1-646-536-7017, [email protected], or Media,Jason Rando, +1-646-536-7025, [email protected], both of The Ruth Groupfor Transcept Pharmaceuticals, Inc.

Web site: http://www.transcept.com/