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Transcept Pharmaceuticals Reports First Quarter 2009 Financial Results
Date:5/13/2009

its name to "Transcept Pharmaceuticals, Inc." and its NASDAQ ticker symbol to "TSPT." The combined resources resulting from the merger are expected to enable Transcept to carry out its plans to commercialize its lead product candidate, Intermezzo(R). If approved, Intermezzo(R) would be the first commercially available sleep aid designed specifically for use in the middle of the night when patients awaken and have difficulty returning to sleep. Intermezzo(R) Phase 3 clinical trials have been completed and, on September 30, 2008, Transcept submitted an NDA to the FDA, which was subsequently accepted and assigned a PDUFA date of July 30, 2009. As part of the NDA submission Transcept requested that FDA grant three years of Hatch-Waxman marketing exclusivity for Intermezzo(R).

For further information, please visit the company's website at: http://www.transcept.com.

Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Intermezzo(R) being the first commercially available sleep aid in the United States in its target indication and the timing of potential FDA approval of the Intermezzo(R) NDA; the resources of Transcept being sufficient to enable it to carry out its plans to commercialize Intermezzo(R); the ability of Transcept to secure a primary care marketing partner; timing related to obtaining a first notice of allowance for a
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SOURCE Transcept Pharmaceuticals, Inc.
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