Progenics Pharmaceuticals to Present at Lazard Capital Markets Healthcare Conference

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| Source: Progenics Pharmaceuticals Inc.

TARRYTOWN, N.Y., Nov. 6, 2012 (GLOBE NEWSWIRE) -- Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX) chief executive officer Mark R. Baker will make a presentation on Tuesday, November 13 at 3:30 PM EST at the Lazard Capital Markets 9th Annual Healthcare Conference in New York City. Mr. Baker will provide a company overview, which will be webcast live via a link on the Events page of Progenics' website, and archived there for 90 days.

About Progenics

Progenics Pharmaceuticals, Inc., of Tarrytown, N.Y., is a biopharmaceutical company dedicated to developing innovative medicines to treat disease, with a focus on cancer and related conditions. Progenics' pipeline candidates include PSMA ADC, a human monoclonal antibody-drug conjugate in phase 2 testing for treatment of prostate cancer, and preclinical stage novel multiplex phosphoinositide 3-kinase (PI3K) inhibitors for the treatment of cancer. Progenics has exclusively licensed development and commercialization rights for its first commercial product, Relistor®, to Salix Pharmaceuticals, Ltd. for markets worldwide other than Japan, where Ono Pharmaceutical Co., Ltd. holds an exclusive license for the subcutaneous formulation. Relistor (methylnaltrexone bromide) subcutaneous injection is a first-in-class treatment for opioid-induced constipation approved in more than 50 countries for patients with advanced illness. For more information, please visit www.progenics.com.

Additional information concerning Progenics and its business may be available in press releases or other announcements and public filings made after this announcement.

The Progenics Pharmaceuticals Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9678

(PGNX-G)

Amy Martini
Corporate Affairs
(914) 789-2816