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Memory Pharmaceuticals to Announce Third Quarter 2006 Results on Thursday, November 9, 2006

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

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

    Date:                       Thursday, November 9, 2006
    Time:                       9:00 a.m. EST
    Telephone (U.S.):           800.299.9086
    Telephone (international):  617.786.2903
    Participant Passcode:       87308676
    Webcast:                    http://www.memorypharma.com under the
                                "Investors" section

An audio replay of the conference call will be available from 11:00 a.m. EST on Thursday, November 9, 2006, until Thursday, November 16, 2006. To access the replay, please dial 888.286.8010 (U.S.) or 617.801.6888 (international) and enter pass code number 44660408. 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-                             11/02/2006
    /CONTACT:  Jzaneen Lalani of Memory Pharmaceuticals Corp., 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:  HEA BIO MTC
SU:  CCA

KP
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4811 11/02/2006 09:16 EST http://www.prnewswire.com