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Purdue Pharmaceutical Products L.P. and Transcept Pharmaceuticals, Inc. Sign Exclusive Agreement to Commercialize Intermezzo(R) in the United States
Date:8/2/2009

al funding, if needed, to support its business activities. These and other risks are described in greater detail in the "Risk Factors" section of Transcept periodic reports filed with the SEC. Forward-looking statements do not reflect the potential impact of any future in-licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments Transcept may enter into or make. Transcept does not assume any obligation to update any forward-looking statements, except as required by law.

    Contacts:

    Purdue Pharma L.P.                 Transcept Pharmaceuticals, Inc.
    James Heins                        Greg Mann
    Senior Director, Public Affairs    Director of Corporate Communications
    (203) 588-8069                     (510) 215-3567
    james.heins@pharma.com             gmann@transcept.com

    Libby Holman                       The Ruth Group
    Associate Director, Public Affairs Investors / Media
    (203) 588-7670                     Sara Ephraim Pellegrino / Jason Rando
    libby.holman@pharma.com            (646) 536-7017 / 7025
                                       spellegrino@theruthgroup.com
                                       jrando@theruthgroup.com


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SOURCE Transcept Pharmaceuticals, Inc.; Purdue Pharmaceutical Products L.P.
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