DANBURY, Conn., May 2, 2008 (PRIME NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) announced today that its 2007 Annual Report to Shareholders, including audited financial statements for the company’s fiscal year ended December 31, 2007, is now available online at its website, www.penwest.com. The 2007 Annual Report can be accessed by selecting “Annual Reports” on the Investor Relations web page. Shareholders of the company may obtain a hard copy of the 2007 Annual Report, free of charge, by sending a request to:
