TELIK ANNOUNCES 27% OBJECTIVE RESPONSE RATE IN PHASE 2 TRIAL OF TELCYTA™ IN COMBINATION WITH DOCETAXEL IN PLATINUM-RESISTANT NON-SMALL CELL LUNG CANCER

Palo Alto, CA, June 5, 2004 — Telik, Inc. (Nasdaq: TELK) reported positive results from a Phase 2 clinical trial using the combination of TELCYTA™ (TLK286) and docetaxel in patients with platinum-resistant non-small cell lung cancer (NSCLC). The combination demonstrated a 27% objective response rate by RECIST with one complete response and seven partial responses. The overall disease control rate was 67%. The results were presented today at the 40th annual meeting of the American Society of Clinical Oncology in New Orleans.

Thirty-seven patients were enrolled and thirty patients were evaluable for efficacy. All of the patients had failed or progressed on prior platinum-based chemotherapy. One-third of the patients had failed treatment with EGFR inhibitors.

“The results of this trial, demonstrating a 27% objective response rate, are significant given that the objective response rate reported in the evidence-based medical literature with docetaxel as a single agent in the second line setting in platinum-resistant non-small cell lung cancer is 5 to 9%1,2,3, and confirm the single agent activity of TELCYTA™,” said Gail L. Brown, M.D., senior vice president and chief medical officer. “These data demonstrate that the combination of TELCYTA™ and docetaxel may provide significant clinical benefit with durable responses without new or unanticipated toxicities. In addition, these results support additional clinical trials using the TELCYTA™/docetaxel combination in the first and second line non-small cell lung cancer treatment.”

About Non-Small Cell Lung Cancer and TELCYTA™

Lung cancer is the leading cause of cancer deaths, according to the American Cancer Society (ACS). The ACS estimates that 173,770 new cases of lung cancer will be diagnosed in 2004 and an estimated 160,440 deaths will result from the disease.

TELCYTA is currently in Phase 3 registration trials in NSCLC and ovarian cancer, and it has been successfully tested in Phase 2 trials in ovarian, NSCLC, breast and colorectal cancer. This small molecule drug is activated by GST P1-1, an enzyme present in cancer cells. Upon activation, an intracellular process known as apoptosis, or programmed cell death, occurs. TELCYTA was discovered through the application of Telik’s proprietary drug discovery technology, TRAP.

About Telik

Telik, Inc. of Palo Alto, CA is a biopharmaceutical company working to discover, develop and commercialize innovative small molecule drugs to treat serious diseases. Additional information is available at www.telik.com.

This press release contains “forward-looking” statements. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including any statements regarding the potential for TELCYTA™ (TLK286) to treat one or more types of cancer. There are a number of important factors that could cause Telik's results to differ materially from those indicated by these forward-looking statements, including, among others, the following: none of Telik’s product candidates, including TELCYTA™, has been determined to be safe or effective in humans or received regulatory approval for marketing; it may take us several years to complete clinical trials of our product candidates, including TELCYTA™, prior to seeking regulatory approval for any indication; success in preclinical testing and early clinical trials does not ensure that later clinical trials will be successful, and interim results of clinical trials do not necessarily predict final results; if our competitors develop and market products that are more effective than our product candidates, or obtain regulatory approval before we do, our commercial opportunity will be reduced or eliminated; if we do not obtain regulatory approval to market products in the United States and foreign countries, we will not be permitted to commercialize our product candidates; if we are unable to contract with third parties to manufacture our product candidates in sufficient quantities and at an acceptable cost, clinical development of product candidates could be delayed; and if we are unable to raise adequate funds in the future, we will not be able to continue to fund our operations and clinical trials to develop our product candidates. These and other risks are detailed from time to time in our SEC filings. Telik does not undertake any obligation to update forward-looking statements.

References:

(1) Shepherd et al. JCO 18:10, 2000

(2) Fossella et al. JCO 18:12, 2000

(3) Hanna et al. JCO 22:9, 2004

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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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