TELIK’S TELCYTA™ DEMONSTRATES 63% OBJECTIVE RESPONSE RATE IN COMBINATION WITH CARBOPLATIN IN PLATINUM REFRACTORY OR RESISTANT OVARIAN CANCER IN A PHASE 1-2A TRIAL

Palo Alto, CA, November 19, 2003 — Telik, Inc. (Nasdaq: TELK) reported that the combination of TELCYTA™ (TLK286) and carboplatin was well tolerated and demonstrated a 63% objective response rate and an 88% overall disease stabilization rate in advanced patients with platinum refractory or resistant ovarian cancer treated in the third to sixth line setting in a Phase 1-2a clinical trial. The interim results were presented at the AACR-NCI-EORTC* Molecular Targets and Cancer Therapeutics Conference in Boston.

At the time of interim analysis, 13 patients were enrolled in the trial. Eight patients were evaluable for efficacy; five patients were too early to evaluate. All of the patients were heavily pretreated, having failed at least two prior chemotherapy regimens (median 3.5) including platinum-based therapy. Fifty percent of the patients had bulky disease, a poor prognostic indicator for ovarian cancer.

The patients evaluable for efficacy received TELCYTA™ at 500 mg/m2 (50% of the single agent dose) in combination with carboplatin at AUC 5 or 6 once every four weeks. The combination was well-tolerated. The hematologic toxicities seen with the combination of TELCYTA™ and carboplatin were similar to those seen with carboplatin alone. No unexpected or dose-limiting toxicities were reported.

The 63% objective response rate and 88% disease stabilization rate included one complete response and four partial responses by the RECIST criteria, and two patients with stable disease. The longest duration of therapy is ten months and ongoing. Dose escalation of TELCYTA™ and patient enrollment is continuing.

“Platinum-based combination regimens are the standard of care for the treatment of front-line ovarian and non-small cell lung cancer,” said Gail L. Brown, M.D., senior vice president and chief medical officer. “We have previously demonstrated significant clinical activity of TELCYTA™ as a single agent in the clinical setting of third line or greater platinum and taxane refractory or resistant ovarian cancer. The observation of synergy with TELCYTA™ and platinum in platinum resistant patients who had progressed on all available therapies is a significant finding. During this meeting, we also are presenting preclinical data demonstrating synergy between TELCYTA™ and carboplatin. Together, these data support the clinical testing of the combination of TELCYTA™ and carboplatin in the first and second line treatment setting for ovarian, non-small cell lung and other cancer types treated with platinum-based chemotherapy.”

Case Report

A 57 year old female was diagnosed with ovarian cancer in 1999. She had disease progression after five different chemotherapy regimens, including her most recent regimen of high dose carboplatin (AUC 11) with recombinant thrombopoietin and stem cell bone marrow transplant. The patient was enrolled in the Phase 1-2a trial of TELCYTA™ in combination with carboplatin. She has had complete resolution of tumors in her pelvis and liver, and her CA125 level declined from 258.3 to 10.9. She continues in complete remission on combination TELCYTA™/carboplatin treatment for six months and ongoing.

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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