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Memory Pharmaceuticals to Announce Second Quarter 2006 Results on Wednesday, August 9, 2006

MONTVALE, N.J., Aug. 2 /PRNewswire-FirstCall/ -- Memory Pharmaceuticals Corp. (Nasdaq: MEMY) announced today that it will report its second quarter 2006 financial results on Wednesday, August 9, 2006, before the U.S. financial markets open. Management will provide a Company update and discuss the second quarter results during a conference call on Wednesday, August 9, 2006, at 9:00 a.m. EDT.

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

     Date:                        Wednesday, August 9, 2006
     Time:                        9:00 a.m. EDT
     Telephone (U.S.):            866.800.8649
     Telephone (international):   617.614.2703
     Participant Passcode:        94294745
     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 Wednesday, August 9, 2006, until Wednesday, August 16, 2006. To access the replay, please dial 888.286.8010 (U.S.) or 617.801.6888 (international) and enter pass code number 63605504. 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-                             08/02/2006
    /CONTACT:  Jzaneen Lalani, Vice President, Legal Affairs, +1-201-802-7249;
or Laura Perry of Stern Investor Relations, Inc., +1-212-362-1200/
    /Web site:  http://www.memorypharma.com /
    (MEMY)

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

JC
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4753 08/02/2006 16:05 EDT http://www.prnewswire.com