DANBURY, Conn., May 6, 2008 (PRIME NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) today announced that Ms. Jennifer L. Good, President and Chief Executive Officer, will be presenting at the Bank of America 2008 Healthcare Conference on Wednesday, May 14, 2008 at the Four Seasons Hotel, Las Vegas, Nevada. Ms. Good will be giving a presentation on the Company at 10:00 am MDT. A break out session will follow. A live and on-demand webcast of Ms. Good's presentation will be available in the Investor Relations section of the Company's website or by logging on http://www.veracast.com/webcasts/bas/healthcare08/id33204528.cfm.
In addition, Mr. Benjamin L. Palleiko, Senior Vice President, Corporate Development and Chief Financial Officer, will be presenting at the Robert W. Baird & Co. 2008 Growth Stock Conference on Thursday, May 15, 2008 at the Four Seasons Hotel in Chicago, Illinois. Mr. Palleiko will be giving a presentation on the Company at 12:35 pm CDT. A break out session will follow.
About Penwest Pharmaceuticals
Penwest is a drug development company dedicated to bringing to the marketplace innovative products that help improve the lives of patients. The Company's goal is to identify, develop and commercialize pharmaceutical products that address unmet medical needs, primarily for disorders of the nervous system. Penwest is currently applying its drug delivery and drug development expertise to a pipeline of potential products that are in various stages of development and that it intends to commercialize independently or through third party alliances.
Forward-Looking Statements
The matters discussed herein contain forward-looking statements that involve risks and uncertainties, which may cause the actual results in future periods to be materially different from any future performance suggested herein. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends," "potential" and similar expressions are intended to identify forward-looking statements. Important factors that could cause results to differ materially include: risks relating to the commercial success of Opana ER, including our reliance on Endo for the commercial success of Opana ER and risks of generic competition; the need for capital; regulatory risks relating to drugs in development, including the timing and outcome of regulatory submissions and regulatory actions; uncertainty of success of collaborations; the timing of clinical trials; whether the results of clinical trials will warrant further clinical trials, warrant submission of an application for regulatory approval of, or warrant the regulatory approval of, the product that is the subject of the trial; whether the patents and patent applications owned by us will protect the Company's products and technology and prevent others from infringing it; actual and potential competition; and other risks as set forth under the caption Risk Factors in Penwest's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2008, which risk factors are incorporated herein by reference.
The forward-looking statements contained in this press release speak only as of the date of the statements made. Penwest disclaims any intention or obligation to update any forward-looking statements.
TIMERx is a registered trademark of Penwest. All other trademarks referenced herein are the property of their respective owners.