Cephalon, Inc. Quarterly Conference Call Invitation

FRAZER, Pa., Jan. 16 /PRNewswire-FirstCall/ -- Cephalon, Inc. has scheduled its regular quarterly earnings conference call covering fourth quarter and full year 2006 results for 5:00 p.m. EST on Wednesday, February 14, 2007.

February 14, 2007 Schedule 4:30 p.m. EST Q4 2006 results will be distributed by PR Newswire 4:50 p.m. EST To participate in the conference call, dial 1-913-981-4901 and refer to Conference Code Number 7192405 5:00 p.m. EST Conference call begins promptly. Simultaneous Webcast

The public may access a live webcast of the conference call from the Events Calendar page of the Investor Information section of the company's website, http://www.cephalon.com. Please click on the link and follow the prompts for registration and access.

If you are unable to listen to the live broadcast, an audio or webcast replay of the call will be available approximately two hours after the event until Midnight EST, February 21, 2007. To listen to the audio replay, dial 1- 719-457-0820 and use the Conference Code Number 7192405.

Additional information presented on the conference call may be made available on the Investor Information page of the company's website.

Cephalon, Inc.

CONTACT: Robert S. (Chip) Merritt, Cephalon, +1-610-738-6376,cmerritt@cephalon.com

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