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Cephalon Exceeds Both Sales and Earnings Guidance for Second Quarter of 2008
Date:7/29/2008

8,743 38,240 46,983

Oncology 23,949 47,642 71,591 8,743 38,240 46,983

Other 26,644 82,517 109,161 25,833 75,863 101,696

$727,480 $191,459 $918,939 $696,685 $162,388 $859,073

%

Increase

(Decrease)

United

States Europe Total

Sales:

PROVIGIL 7% 26% 8%

GABITRIL (5%) (20%) (8%)

CNS 6% 18% 7%

ACTIQ (32%) 41% (21%)

Generic OTFC (13%) - (13%)

FENTORA 11% - 11%

AMRIX 100% - 100%

Pain (4%) 41% (1%)

TREANDA 100% - 100%

Other 9% 25% 22%

Oncology 174% 25% 52%

Other 3% 9% 7%

4% 18% 7%

CEPHALON, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

June 30, December 31,

2008 2007

CURRENT ASSETS:

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SOURCE Cephalon, Inc.
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4. Cephalon Submits New Drug Application for TREANDA for the Treatment of Chronic Lymphocytic Leukemia
5. Cephalon Quarterly Conference Call Invitation
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