GPC Biotech AG To Present At Biotechnology Industry Organization (BIO) Investor Forum In San Francisco

MARTINSRIED/MUNICH, Germany and WALTHAM, Mass. and PRINCETON, N.J., Oct. 12 /PRNewswire-FirstCall/ -- GPC Biotech AG today announced that the Company will present at the BIO Investor Forum in San Francisco, CA.

The presentation is scheduled for Thursday, October 19, 2006, 10:00 AM PT/1:00 PM ET/19:00 CET at The Palace Hotel in San Francisco. The presentation will be webcast live and will be accessible through the GPC Biotech Web site at www.gpc-biotech.com. A replay will be available via the Web site after the live event.

GPC Biotech AG is a biopharmaceutical company discovering and developing new anticancer drugs. The Company's lead product candidate - satraplatin - has achieved target enrollment in a Phase 3 registrational trial as a second-line chemotherapy treatment in hormone-refractory prostate cancer. The U.S. FDA has granted fast track designation to satraplatin for this indication, and GPC Biotech has begun the rolling NDA submission process for this compound. GPC Biotech is also developing a monoclonal antibody with a novel mechanism-of- action against a variety of lymphoid tumors, currently in Phase 1 clinical development, and has ongoing drug development and discovery programs that leverage its expertise in kinase inhibitors. GPC Biotech AG is headquartered in Martinsried/Munich (Germany). The Company's wholly owned U.S. subsidiary has sites in Waltham, Massachusetts and Princeton, New Jersey. For additional information, please visit the Company's Web site at www.gpc-biotech.com.

For further information, please contact: GPC Biotech AG Martin Braendle Director, Investor Relations & Corporate Communications Phone: +49 (0)89 8565-2693 ir@gpc-biotech.com In the U.S.: Laurie Doyle Director, Investor Relations & Corporate Communications Phone: +1 781-890-9007 X267 usinvestors@gpc-biotech.com

GPC Biotech AG

CONTACT: Martin Braendle, Director, Investor Relations & CorporateCommunications, +49-0-89-8565-2693, or ir@gpc-biotech.com, or In the U.S.:Laurie Doyle, Director, Investor Relations & Corporate Communications,+1-781-890-9007 X267, or usinvestors@gpc-biotech.com, both of GPC BiotechAG

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