Transcept Pharmaceuticals, Inc. to Report Third Quarter 2010 Results and Host Conference Call on November 11, 2010

RICHMOND, Calif., Nov. 2, 2010 /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 that the company will host a conference call on Thursday, November 11, 2010 at 5:00 p.m. Eastern time to discuss its third quarter 2010 financial results. The conference call will follow the release of the Transcept third quarter 2010 financial results after the close of market that day.

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Conference Call Information

Date: Thursday, November 11, 2010

Time: 5:00 p.m. EST

Dial-in (U.S.): 877-638-4558

Dial-in (International): 914-495-8537



A simultaneous webcast of the conference call will be available on the Investors section of the Transcept website at www.transcept.com. A replay of this webcast will be available on the website shortly after the conclusion of the call through December 17, 2010.

A telephone replay of the conference call will be available shortly after the conclusion of the call through November 19, 2010. The replay telephone number is 800-642-1687 (U.S.) or 706-645-9291 (International), replay passcode: 22330914.

About Transcept

Transcept Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development and commercialization of proprietary products that address important therapeutic needs in the field of neuroscience. The most advanced Transcept product candidate is Intermezzo® (zolpidem tartrate sublingual tablet), for which a New Drug Application (NDA) was submitted to the U.S. Food and Drug Administration (FDA) in September 2008 seeking approval as a prescription sleep aid for use in the middle of the night at the time a patient awakens and has difficulty returning to sleep. In October 2009, Transcept received a Complete Response Letter from the FDA on the Intermezzo® NDA. Transcept plans to resubmit the Intermezzo® NDA in the first quarter of 2011, and anticipates a six-month review by the FDA. Transcept and Purdue Pharmaceutical Products L.P. have entered into a collaboration agreement for the development and commercialization of Intermezzo® in the United States. Transcept is also developing TO-2061, an ultra low dose ondansetron augmentation therapy for patients with obsessive compulsive disorder (OCD) who have not adequately responded to treatment with SSRIs. Transcept plans to begin a Phase 2 study of TO-2061 in 2011. For further information, please visit the Transcept website at: 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 are forward-looking statements. Examples of such statements include our plan to resubmit the Intermezzo® NDA in the first quarter of 2011 and to begin a Phase 2, double-blind, placebo-controlled study of TO-2061 in 2011. Transcept may not actually carryout these plans. Various important factors that could cause actual events to differ materially from the forward-looking statements that Transcept makes, include delays in compiling the contents of the planned Intermezzo® NDA resubmission, the outcomes from Phase 1 studies of TO-2061; dependence on third parties to manufacture TO-2061 and carry-out the planned study; success in our efforts to seek approval for Intermezzo®, our lead product candidate, and the business of Transcept generally. 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.

Contact:

Transcept Pharmaceuticals, Inc.

Greg Mann

Director, Corporate Communications

(510) 215-3567

gmann@transcept.com



SOURCE Transcept Pharmaceuticals, Inc.

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