DANBURY, Conn., July 23, 2008 (PRIME NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) will conduct a conference call on Tuesday, August 5th, at 11:00 a.m. EDT to review its financial results for the second quarter of 2008, which will be released earlier that day. Operational developments and financial outlook will also be discussed on the call.