Neurogen Announces Webcast Of Second Quarter Financial Results On August 3

BRANFORD, Conn., July 27 /PRNewswire-FirstCall/ -- Neurogen Corporation , a drug discovery and development company, announced today that it will release its second quarter 2006 financial results on Thursday, August 3, 2006 before the opening of the U.S. financial markets. The Company will host a conference call and live audio webcast that same day at 10:00 a.m. EDT to review the results.

The news release and live webcast may be accessed through the investor relations section of the Company’s web site: www.neurogen.com. The webcast will be also be archived in this section, under “Events Calendar and Replays.”

About Neurogen

Neurogen Corporation targets new small molecule drugs to improve the lives of patients suffering from disorders with significant unmet medical need, including insomnia, pain, depression, obesity and inflammation. Neurogen has generated a portfolio of compelling new drug candidates through its Accelerated Intelligent Drug Discovery (AIDD(TM)) system, its expertise in cellular functional assays, and its depth in medicinal chemistry. Neurogen conducts its research and development independently and, when advantageous, collaborates with world-class pharmaceutical companies to obtain additional resources and to access complementary expertise.

Neurogen Corporation

CONTACT: Elaine Grimsell Dodge of Neurogen Corp., +1-203-315-4615, oredodge@nrgn.com

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