TELIK ANNOUNCES WEBCAST OF MANAGEMENT PRESENTATION AT NEEDHAM & COMPANY BIOTECHNOLOGY CONFERENCE

Palo Alto, CA, June 15, 2004 — Telik, Inc. (Nasdaq: TELK) announced that company management will present a corporate update at the Third Annual Needham Biotechnology Conference on Thursday, June 17, 2004 at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) at the New York Palace Hotel in New York City. 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 through June 24, 2004.

Telik, Inc. of Palo Alto, CA is a biopharmaceutical company working to discover, develop and commercialize small molecule drugs to treat serious diseases including cancer. 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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