DANBURY, Conn., Oct. 8, 2009 (GLOBE NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) today announced that it has been named an award winner in the Life Sciences category on the UHY LLP Tech Top 40, a list of the 40 fastest-growing technology companies in Connecticut. The list, based on revenue growth over the past four years, is compiled by the Connecticut Technology Council, a statewide association of technology-oriented companies and institutions, and UHY LLP, a licensed independent CPA firm.