Nastech Pharmaceutical Company Inc. To Present At Citigroup Healthcare Conference

BOTHELL, Wash., Feb. 23 /PRNewswire-FirstCall/ -- Nastech Pharmaceutical Company Inc. , a leader in developing therapeutics using advanced molecular biology-based drug delivery technologies, will be presenting at the Citigroup Healthcare Conference on Monday, February 27, 2006 at 3:40 p.m. Eastern Time at The Mayflower Hotel in Washington, D.C. Gordon Brandt, M.D., Executive V.P., Clinical Research and Medical Affairs of Nastech, will provide a corporate overview, including a review of the Company’s product development programs.

To access the live audio webcast for this conference, please log on to Nastech’s website at http://www.nastech.com approximately 15 minutes prior to the presentation in order to register and download any necessary software. A replay of the audio presentation will be available following the event.

About Nastech

We are a pharmaceutical company developing innovative products based on proprietary molecular biology-based drug delivery technologies. We and our collaboration partners are developing products for multiple therapeutic areas including osteoporosis, obesity and inflammatory conditions. Additional information about Nastech is available at http://www.nastech.com.

CONTACTS: Nastech Pharmaceutical Company Inc. Ed Bell Senior Investor Relations Manager (425) 908-3639 ir@nastech.com Noonan Russo Matthew Haines (Investors/Media) (212) 845-4235

Nastech Pharmaceutical Company Inc.

CONTACT: Ed Bell, Senior Investor Relations Manager of NastechPharmaceutical Company Inc., +1-425-908-3639, ir@nastech.com; or MatthewHaines, Investors/Media of Noonan Russo, +1-212-845-4235, for Nastech

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