TELIK ANNOUNCES POSITIVE INTERIM RESULTS FROM PHASE 1-2A CLINICAL TRIAL OF TELCYTA™ IN COMBINATION WITH DOXIL® IN PLATINUM REFRACTORY OR RESISTANT OVARIAN CANCER

Palo Alto, CA, November 19, 2003 — Telik, Inc. (Nasdaq: TELK) reported positive interim results from a Phase 1-2a clinical trial of the combination of TELCYTA™ (TLK286) and Doxil®. The combination was well tolerated at the full dose of each drug, and resulted in a 33% objective response rate and a 100% disease stabilization rate in patients with platinum refractory or resistant ovarian cancer in the second to fifth-line treatment setting. The interim results were presented at the AACR-NCI-EORTC* Molecular Targets and Cancer Therapeutics Conference in Boston.

Seventeen patients have been enrolled in the trial and 12 patients were evaluable for efficacy. Five patients were too early to evaluate. The patients had multiple poor prognostic indicators: refractory or resistant to platinum-based chemotherapy (100%) and refractory or resistant to paclitaxel (69%). Patients had failed a median of 2 prior treatment regimens (range 1 — 4), and 23% had bulky disease, also a poor prognostic indicator.

All of the patients were alive at the time of interim analysis. Among the three patients treated at full dose (TELCYTA™ 960 mg/m2 and Doxil 50 mg/ m2), one has a partial response (33%) by the RECIST criteria and two have disease stabilization, for an overall disease stabilization rate of 100%. In addition, all of the patients treated at the lower doses have stable disease, providing early evidence of synergy and a dose response to escalating doses of TELCYTA™ with Doxil®. The longest duration of therapy is ten months and continuing.

The combination of TELCYTA™ and Doxil® was well-tolerated. Hematologic toxicities observed with the combination were similar to those observed with single agent Doxil®. No unexpected or dose-limiting toxicities were reported. Patient enrollment continues in the full dose cohort.

“These results suggest that TELCYTA™ and Doxil® can be administered in a combination regimen with good tolerability and evidence of dose-dependent efficacy,” said Gail L. Brown, M.D., senior vice president and chief medical officer. “These data support clinical trials utilizing the combination of TELCYTA™ and Doxil® in second line ovarian cancer and first line breast cancer. Preclinical data presented at this meeting, demonstrating that the TELCYTA™/Doxil® combination provides up to five fold higher cancer cell cytotoxicity than the sum of the two drugs, also support further clinical development of the combination.”

Case Report

A 64 year old female was diagnosed with ovarian cancer in 2002, and underwent surgery to remove a large (25 pound) solid pelvic mass and seven liters of ascites. She received platinum-based chemotherapy, and in 2003 her tumor recurred. She began TELCYTA™ at 960 mg/m2 with Doxil 50 mg/m2 and after two cycles had a robust partial response. Her CA125 declined from 80 at baseline to 20.7. She continues to receive the full doses of the combination and is tolerating therapy well.

About Ovarian Cancer and TELCYTA™

Approximately 25,400 new cases of ovarian cancer will be diagnosed in 2003, according to the American Cancer Society. Ovarian cancer causes more deaths than any other cancer of the female reproductive system.

TELCYTA™ is a small molecule prodrug which is activated by GST P1-1, an enzyme present in higher levels in many human cancers than in normal tissues. Upon activation, an intracellular process known as apoptosis, or programmed cell death, is initiated. TELCYTA™, which has been evaluated in clinical trials in more than 500 patients, was discovered through the application of Telik’s proprietary drug discovery technology, TRAP. Telik has retained worldwide commercialization rights.

* American Association for Cancer Research — National Cancer Institute — European Organization for Research and Treatment of Cancer

About Telik, Inc.

Telik, Inc. of Palo Alto, 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 candidate is TELCYTA™. Telik’s product candidates were discovered using its proprietary 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, including statements regarding our ability to successfully develop TELCYTA™ for the treatment of any cancer, its tolerability, potential efficacy or market potential. Telik can give no assurance with regard to these statements. None of our products have been determined to be safe or effective in humans or been approved for marketing. Substantial additional testing, including randomized, controlled clinical trials of TELCYTA™ will be necessary prior to seeking marketing approval. There can be no assurance that such trials will accrue sufficient patients, be conducted with sufficient quality, in a timely manner, have a successful outcome, or that regulatory approval will be obtained. In addition, we are reliant on external manufacturing, and any interruption or delay in drug supply could adversely affect the development program. 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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