Cephalon, Inc. Quarterly Conference Call Invitation

FRAZER, Pa., March 27 /PRNewswire-FirstCall/ -- Cephalon, Inc. has scheduled its regular quarterly earnings conference call covering first quarter 2007 results for 5:00 p.m. EDT on Tuesday, May 1, 2007.

May 1, 2007 Schedule 4:30 p.m. EDT Q1 2007 results will be distributed by PR Newswire 4:50 p.m. EDT To participate in the conference call, dial 1-913-981-4911 and refer to Conference Code Number 8754971 5:00 p.m. EDT 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 EDT, May 7, 2007. To listen to the audio replay, dial 1-719-457-0820 and use the Conference Code Number 8754971.

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 of Cephalon, Inc., +1-610-738-6376,cmerritt@cephalon.com

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