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Targacept to Present at BIO CEO & Investor Conference

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Targacept to Present at BIO CEO & Investor Conference

Winston-Salem, North Carolina

February 06, 2008

Targacept, Inc. (Nasdaq: TRGT), a clinical-stage biopharmaceutical company developing a new class of drugs known as NNR Therapeutics (TM), today announced that J. Donald deBethizy, Ph.D., President and Chief Executive Officer, is scheduled to present at the 10th Annual BIO CEO and Investor Conference at the Waldorf-Astoria Hotel in New York City.

On Monday, February 11 at 11:00 a.m., Dr. deBethizy will provide a corporate overview that will be webcast and accessible from the Investor Relations section of the Company’s website, http://www.targacept.com.  The webcast will also be available for replay on the Company’s website for at least two weeks following the conference. To ensure a timely connection to the webcast, it is recommended that users register at least 15 minutes prior to the scheduled start time.

On Wednesday, February 13 at 9:30 a.m., Dr. deBethizy will participate as a panelist on a BIO CEO therapeutic workshop entitled, “Cognition: CNS Companies to Remember.”  This workshop will feature a discussion regarding new technologies aiming to address the problem of diminishing cognition in today’s aging population.

About Targacept

Targacept, a clinical-stage biopharmaceutical company, is a world leader in the discovery and development of NNR Therapeutics (TM), a new class of drugs for the treatment of central nervous system diseases and disorders. Targacept’s product candidates selectively modulate neuronal nicotinic receptors that serve as key regulators of the nervous system to promote therapeutic effects and limit adverse side effects. Targacept has product candidates in clinical development for Alzheimer’s disease and cognitive deficits in schizophrenia, depression and anxiety disorders, and pain, as well as multiple preclinical programs.  Targacept has ongoing strategic alliances with AstraZeneca and GlaxoSmithKline. Additional information is available at www.targacept.com.

Contacts: 

Alan Musso, VP and CFO
Targacept, Inc.    
Tel: (336) 480-2186    
Email: alan.musso@targacept.com
      
Michelle Linn
Linnden Communications
Tel: (508) 362-3087
Email: michelle@linndencom.com


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