TELIK ANNOUNCES WEBCAST OF PRESENTATION AT LEHMAN BROTHERS GLOBAL HEALTHCARE CONFERENCE

Palo Alto, CA, February 26, 2004 — Telik, Inc. (Nasdaq: TELK) announced its presentation at the Seventh Annual Lehman Brothers Global Healthcare Conference in Miami Beach, Florida on Wednesday, March 3, 2004 at 9:00 a.m. Eastern time (6:00 a.m. 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 within approximately 24 hours after the presentation through March 10, 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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