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Memory Pharmaceuticals to Host R&D Day on May 16, 2008

Tuesday, May 13, 2008 General News
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MONTVALE, N.J., May 12 Memory PharmaceuticalsCorp. (Nasdaq: MEMY), today announced that it will host an R&D Day for theinvestment community on Friday, May 16, 2008 in New York City. Presentationswill begin at 9:00 a.m. EDT and will focus on the Company's progress with itsnicotinic alpha-7 receptor agonist collaboration with Roche and its PDE4inhibitor and 5-HT6 antagonist programs.
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Interested parties may access a live webcast of the presentation andaccompanying slides by visiting the Investor Relations section of MemoryPharmaceuticals' website at http://www.memorypharma.com. An archived versionof the webcast will be available at the same location through May 23, 2008.
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For more information on the R&D Day, please e-mail [email protected].

About the Company

Memory Pharmaceuticals Corp., a biopharmaceutical company, is focused ondeveloping innovative drugs for the treatment of debilitating CNS disorders,many of which exhibit significant impairment of memory and other cognitivefunctions, including Alzheimer's disease and schizophrenia. For additionalinformation, please visit our website at http://www.memorypharma.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995 that are subject torisks and uncertainties. All statements, other than statements of historicalfacts, regarding management's expectations, beliefs, goals, plans or MemoryPharmaceuticals' prospects, future financial position, future revenues andprojected costs should be considered forward-looking. Readers are cautionedthat actual results may differ materially from projections or estimates due toa variety of important factors, including the outcome of clinical trials ofMemory Pharmaceuticals' drug candidates and whether they demonstrate thesecandidates' safety and effectiveness; the risks and uncertainties associatedwith: obtaining additional financing to support Memory Pharmaceuticals' R&Dand clinical activities and operations; obtaining regulatory approvals toconduct clinical trials and to commercialize Memory Pharmaceuticals' drugcandidates; Memory Pharmaceuticals' ability to enter into and maintaincollaborations with third parties for its drug development programs; MemoryPharmaceuticals' dependence on its collaborations and its licenserelationships; achieving milestones under Memory Pharmaceuticals'collaborations; Memory Pharmaceuticals' dependence on preclinical and clinicalinvestigators, preclinical and clinical research organizations, manufacturersand consultants; protecting the intellectual property developed by or licensedto Memory Pharmaceuticals; and Memory Pharmaceuticals ability to maintainlisting on the Nasdaq Global Market. These and other risks are described ingreater detail in Memory Pharmaceuticals' filings with the Securities andExchange Commission. Memory Pharmaceuticals may not actually achieve the goalsor plans described in its forward-looking statements, and investors should notplace undue reliance on these statements. Memory Pharmaceuticals disclaims anyintent or obligation to update any forward-looking statements as a result ofdevelopments occurring after the date of this press release.For More Information: Jzaneen Lalani Laura Perry General Counsel LMP Investor Relations (201) 802-7249 (646) 719-1055

SOURCE Memory Pharmaceuticals Corp.
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