BRANFORD, Conn.--(BUSINESS WIRE)--Neurogen Corporation (NASDAQ:NRGN), a drug discovery and development company, announced today that it will release its first quarter 2007 financial results on Friday, May 4, 2007 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. ET to review the results.