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SGX Pharmaceuticals [SGXP] President and CEO to Ring The NASDAQ Stock Market Closing Bell

SGX Pharmaceuticals [SGXP] President and CEO to Ring The NASDAQ Stock Market Closing Bell

-- (MARKET WIRE) -- 03/31/06 --


What:

Michael Grey, President and CEO of SGX Pharmaceuticals (NASDAQ: SGXP) will preside over the closing bell to celebrate its initial public offering on the NASDAQ.

Where:

NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio

When:

Monday, April 3rd, 2006 at 4:00 p.m. EST

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About SGX Pharmaceuticals (NASDAQ: SGXP):

SGX Pharmaceuticals is a biotechnology company focused on the discovery, development and commercialization of innovative cancer therapeutics. The Company's lead product candidate, Troxatyl(TM), is currently being evaluated in a pivotal phase II/III trial for the treatment of third-line acute myelogenous leukemia, an indication for which there is currently no approved therapy or standard of care. SGX has developed a pipeline of oncology drug candidates based on its enabling, proprietary FAST(TM) drug discovery platform, including a portfolio of next generation BCR-ABL inhibitors. FAST allows for the rapid identification of novel, potent and selective small molecule compounds for well validated but challenging targets. More information on SGX's pipeline and drug discovery platform can be found at www.sgxpharma.com

Contacts:
Todd Myers
CFO
+1-858-558-4850
Email Contact

Jason Spark
Porter Novelli Life Sciences
+1-858-527-3491
Email Contact

NASDAQ MarketSite:
Stephanie Lowenthal
646.441.5220

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