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Transcept Pharmaceuticals Appoints Joseph T. Kennedy as General Counsel
Date:3/25/2009

PT. RICHMOND, Calif., March 25 /PRNewswire-FirstCall/ -- Transcept Pharmaceuticals, Inc. (Nasdaq: TSPT), a specialty pharmaceutical company focused on the development and commercialization of proprietary products that address important therapeutic needs in the field of neuroscience, today announced the appointment of Joseph T. Kennedy to the position of Vice President, General Counsel and Secretary. In this role, Mr. Kennedy will provide legal advice to the company on matters including business development, corporate governance, public company and pharmaceutical industry compliance, intellectual property, and general corporate matters.

"On behalf of the Board of Directors, I am pleased to welcome Joe to the Transcept team as our General Counsel," said Glenn A. Oclassen, President & Chief Executive Officer. "Joe's broad experience and demonstrated record of achievement in the legal field and life science industry make him a valuable addition to the Transcept team as we prepare, subject to FDA approval, for the potential 2010 launch of our lead product candidate, Intermezzo(R), for patients who awaken in the middle of the night and have difficulty returning to sleep."

"I am delighted to join the Transcept management team at such an exciting time in the company's development," said Mr. Kennedy. "I am confident that the combination of seasoned management team, unique potential product opportunities and an entrepreneurial culture will make the company a success."

Mr. Kennedy has over 15 years of legal experience representing large pharmaceutical companies, developing life science companies, investment banks and venture capital firms. Mr. Kennedy served as Vice President and Acting Chief Legal Officer and previously, Chief Corporate Counsel, of Eyetech Pharmaceuticals. His work at Eyetech included
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SOURCE Transcept Pharmaceuticals, Inc.
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