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Transcept Pharmaceuticals Reports Second Quarter 2009 Financial Results
Date:8/14/2009

RICHMOND, Calif., Aug. 14 /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 neuroscience, today announced financial results for the three and six months ended June 30, 2009.

Glenn A. Oclassen, President and Chief Executive Officer commented, "Our recently announced agreement with Purdue Pharmaceutical Products, L.P. for the commercialization of Intermezzo(R) (zolpidem tartrate sublingual tablet) in the United States has further strengthened our financial position and has validated the significant potential commercial opportunity for Intermezzo(R) in the worldwide market for prescription sleep aids. In addition, our option to co-promote Intermezzo(R) to psychiatrists in the United States provides us with a valuable mechanism to build a specialized sales force in a cost-effective manner and to realize our goal of becoming an integrated specialty pharmaceutical company."

Mr. Oclassen continued, "With a powerful U.S. primary care sales and marketing partner now in place for the potential launch of Intermezzo(R), we look forward to continuing our work with the FDA in advance of the Intermezzo(R) PDUFA action date of October 30, 2009. If approved by the FDA, Intermezzo(R) has the potential to be the first prescription sleep aid specifically approved for use in the middle of the night at the time a patient awakens and has difficulty returning to sleep."

Under the terms of our July 31, 2009 agreement with Purdue for the development and commercialization of Intermezzo(R):

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SOURCE Transcept Pharmaceuticals, Inc.
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Related medicine news :

1. Transcept Pharmaceuticals to Report Second Quarter 2009 Results
2. Transcept Pharmaceuticals to Hold Conference Call on Agreement with Purdue Pharmaceutical Products L.P. to Commercialize Intermezzo(R) in the United States
3. Transcept Pharmaceuticals to Present at BMO Capital Markets Healthcare Conference on August 5, 2009
4. Transcept Pharmaceuticals Announces Expected FDA Extension of Regulatory Review Period for Intermezzo(R)
5. Transcept Pharmaceuticals to Present at Needham Life Sciences Conference on June 10, 2009
6. Transcept Pharmaceuticals Presents Data from Studies of Two Product Candidates at Annual Meeting of the American Psychiatric Association
7. Transcept Pharmaceuticals Reports First Quarter 2009 Financial Results
8. Transcept Pharmaceuticals Appoints Joseph T. Kennedy as General Counsel
9. Transcept Pharmaceuticals Reports Fourth Quarter and Year End 2008 Financial Results
10. Transcept Pharmaceuticals to Report Fourth Quarter 2008 Results
11. Transcept Pharmaceuticals to Present at Two Upcoming Conferences
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