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Memory Pharmaceuticals to Announce First Quarter 2006 Results on Thursday, May 11, 2006

MONTVALE, N.J., May 4 /PRNewswire-FirstCall/ -- Memory Pharmaceuticals Corp. (Nasdaq: MEMY) announced today that it will report its first quarter 2006 financial results on Thursday, May 11, 2006, before the U.S. financial markets open. Management will provide a Company update and discuss the first quarter results during a conference call on Thursday, May 11, 2006, at 9:00 a.m. EDT. Jim Sulat, President and Chief Executive Officer, and Dr. David Lowe, Chief Scientific Officer will host the conference call.

    Investors and other interested parties may access the call as follows:

    Date:                         Thursday, May 11, 2006
    Time:                         9:00 a.m. EDT
    Telephone (U.S.):             866.203.3436
    Telephone (international):    617.213.8849
    Participant Passcode:         59889999
    Webcast:                      http://www.memorypharma.com
                                  under the "Investors" section

An audio replay of the conference call will be available from 11:00 a.m. EDT on Thursday, May 11, 2006, until Thursday, May 18, 2006. To access the replay, please dial 888.286.8010 (U.S.) or 617.801.6888 (international) and enter pass code number 12047110. An audio replay of the conference call will also be available under the "Investors" section of the Company's website during the same period.

About the Company

Memory Pharmaceuticals Corp., a biopharmaceutical company, is focused on developing innovative drugs for the treatment of debilitating CNS disorders such as Alzheimer's disease, schizophrenia, depression and bipolar disorder. For additional information, please visit our website at http://www.memorypharma.com.

SOURCE  Memory Pharmaceuticals Corp.
    -0-                             05/04/2006
    /CONTACT:  Jzaneen Lalani, Vice President, Legal Affairs of Memory
Pharmaceuticals Corp., +1-201-802-7249; or Laura Perry of Stern Investor
Relations, Inc., +1-212-362-1200/
    /Web site:  http://www.memorypharmaceuticals.com /
    (MEMY)

CO:  Memory Pharmaceuticals Corp.
ST:  New Jersey
IN:  HEA MTC BIO
SU:  CCA MAV

AS
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3962 05/04/2006 17:13 EDT http://www.prnewswire.com