DANBURY, Conn., March 6, 2008 (PRIME NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) will conduct a conference call on Wednesday, March 12, at 11:00 a.m. EDT to review its financial results for the fourth quarter and year end of 2007, which will be released earlier that day. Operational developments and financial outlook will also be discussed on the call.