SAN DIEGO, June 15 /PRNewswire/ -- TargeGen, Inc., a biopharmaceutical company focusing on the development of small molecule drugs for the treatment of edema and angiogenesis related diseases, today announced that the Company’s President, CEO, and Co-founder Peter G. Ulrich has been named the recipient of the 2006 Ernst & Young Entrepreneur of the Year Award in the “Emerging Companies” category. The award was presented at ceremonies held in San Diego on June 14, 2006.