TELIK ANNOUNCES PRESENTATION AT LEHMAN BROTHERS GLOBAL HEALTHCARE CONFERENCE

South San Francisco, CA, February 28, 2003 — Telik, Inc. (Nasdaq: TELK) announced that Michael M. Wick, M.D., Ph.D., chairman and chief executive officer, will present a company update at the 6th Annual Lehman Bothers Global Healthcare Conference on Tuesday, March 4, 2003 at 3:15 p.m. Eastern time at the Loews Miami Beach Hotel in Miami Beach, Florida.

Telik, Inc. of South San Francisco, CA is a biopharmaceutical company working to discover, develop and commercialize small molecule drugs to treat serious diseases for which there is significant demand for new therapies. The company’s most advanced drug development candidates are TLK286, a tumor activated small molecule drug that is in Phase 2 clinical trials in ovarian, non-small cell lung, colorectal and breast cancer, and TLK199, a small molecule myelostimulant. Telik’s product candidates were discovered using its proprietary drug discovery technology, TRAP, which enables the rapid and efficient discovery of small molecule drug candidates. Additional information is available at www.telik.com.

You should not rely on forward-looking statements contained in this press release. Telik can give no assurance with regard to these statements, as they are subject to various risks and uncertainties. All of Telik’s product candidates, including TLK286 and TLK199, are in the early stages of development, and the potential benefits of each must still be proven. More detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in Telik's periodic filings with the Securities and Exchange Commission. Telik assumes no obligation to update any information in this press release.

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Contact:
Carol DeGuzman
Senior Director, Corporate Communications
Telik, Inc.
Tel 650-845-7728
Email cdeguzman@telik.com


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