Cephalon, Inc. Conference Call Invitation

2001 First Quarter Conference Call,

Tuesday, May 8, 2001, 10:00 a.m. ET



Apr 19, 2001, 01:00 ET from Cephalon, Inc.

    WEST CHESTER, Pa., April 19 /PRNewswire/ --
 
      7:30 a.m.
      ET           Results will be distributed to the major wire services and
                   faxed to you immediately afterward.
 
      9:50 a.m.
      ET           To participate in the conference call, dial 1-913-981-5532,
                   and refer to Conference Code Number 599917#.
 
      10:00 a.m.
      ET           Conference call promptly begins.  The call will last about
                   one hour.
 
      SIMULTANEOUS
      WEBCAST      The conference call will be webcast live and may be accessed
                   under the Investor Relations page of the Cephalon.com
                   website.  Please click on the webcast link and follow the
                   prompts for registration and access.
 
      1:30 p.m.
      ET           If you are unable to participate, a replay of the call will
                   be available for one week from 1:30 p.m. ET, Tuesday,
                   May 8, until 1:30 p.m. ET, Tuesday, May 15, 2001.
 
                   To listen to the replay, dial 1-719-457-0820 and use the
                   Conference Code Number 599917#.
 
     Thank you for your continuing interest in Cephalon.
 
     Cephalon, Inc. (Nasdaq:   CEPH), headquartered in West Chester,
 Pennsylvania, U.S.A., is an international biopharmaceutical company dedicated
 to the discovery, development and marketing of products to treat sleep
 disorders, neurological disorders, cancer and pain.
 
 

SOURCE Cephalon, Inc.
    WEST CHESTER, Pa., April 19 /PRNewswire/ --
 
      7:30 a.m.
      ET           Results will be distributed to the major wire services and
                   faxed to you immediately afterward.
 
      9:50 a.m.
      ET           To participate in the conference call, dial 1-913-981-5532,
                   and refer to Conference Code Number 599917#.
 
      10:00 a.m.
      ET           Conference call promptly begins.  The call will last about
                   one hour.
 
      SIMULTANEOUS
      WEBCAST      The conference call will be webcast live and may be accessed
                   under the Investor Relations page of the Cephalon.com
                   website.  Please click on the webcast link and follow the
                   prompts for registration and access.
 
      1:30 p.m.
      ET           If you are unable to participate, a replay of the call will
                   be available for one week from 1:30 p.m. ET, Tuesday,
                   May 8, until 1:30 p.m. ET, Tuesday, May 15, 2001.
 
                   To listen to the replay, dial 1-719-457-0820 and use the
                   Conference Code Number 599917#.
 
     Thank you for your continuing interest in Cephalon.
 
     Cephalon, Inc. (Nasdaq:   CEPH), headquartered in West Chester,
 Pennsylvania, U.S.A., is an international biopharmaceutical company dedicated
 to the discovery, development and marketing of products to treat sleep
 disorders, neurological disorders, cancer and pain.
 
 SOURCE  Cephalon, Inc.