TELIK ANNOUNCES WEBCAST OF PRESENTATION AT PIPER JAFFRAY HEALTH CARE CONFERENCE

Palo Alto, CA, January 23, 2004 — 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 Piper Jaffray Health Care Conference New York City on Thursday, January 29, 2004 at 3:00 p.m. Eastern time (12:00 noon Pacific time). A live webcast of the presentation will be accessible at Telik’s website, www.telik.com. An archive of the webcast will be available on the Telik website from approximately one hour after the presentation through February 3, 2004.

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 drug discovery technology, TRAP, which enables the rapid and efficient discovery of small molecule drug candidates. Additional information is available at www.telik.com.

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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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