DANBURY, Conn., July 17, 2007 (PRIME NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) will conduct a conference call on Friday, July 27, at 11:00 a.m. EDT to review its financial results for the second quarter of 2007, which will be released earlier that day. Operational developments and financial outlook will also be discussed on the call.