Transition Therapeutics Inc.: News Release

TORONTO, Feb. 22, 2011 (GLOBE NEWSWIRE) -- Transition Therapeutics Inc. (“Transition” or “Company”) (TSX:TTH) (Nasdaq:TTHI) is aware of the significant increase in its share price in TSX and NASDAQ trading today. At the request of the Investment Industry Regulatory Organization of Canada (“IIROC”) on behalf of the TSX, Transition reports that the Company has no material events to announce.