Transition Therapeutics Files Registration Statement in Preparation for Potential NASDAQ Listing

    TORONTO, June 5 /CNW/ - Transition Therapeutics Inc. ("Transition")
(TSX: TTH) announced today the filing of a Registration Statement on Form 40-F
in connection with the filing of Transition's listing application for the
NASDAQ Stock Market. The Form 40-F filing is being made with the United States
Securities and Exchange Commission to register Transition's common shares in
the United States.
    The listing of Transition's common shares in the United States is subject
to the receipt of the appropriate regulatory and exchange approvals.
Transition will provide guidance on the potential timing for a US listing
further in the application process.

    About Transition

    Transition is a biopharmaceutical company, developing novel therapeutics
for disease indications with large markets. Transition's lead products include
AZD-103/ELND005 for the treatment of Alzheimer's disease and regenerative
therapies E1-I.N.T.(TM) and GLP1-I.N.T.(TM) for the treatment of diabetes.
Transition has an emerging pipeline of preclinical drug candidates developed
using its proprietary drug discovery engine. Transition's shares are listed on
the Toronto Stock Exchange under the symbol "TTH". For additional information
about the company, please visit

    Notice to Readers: Information contained in our press releases should be
considered accurate only as of the date of the release and may be superseded
by more recent information we have disclosed in later press releases, filings
with the OSC or otherwise. Press releases may contain forward-looking
statements based on the expectations of our management as of the date of the
release. Actual results may materially differ based on many factors, including
those described in the press releases.

    %SEDAR: 00015806E

For further information:

For further information: on Transition, visit or contact: Dr. Tony Cruz, Chief Executive
Officer, Transition Therapeutics Inc, Phone: (416) 260-7770, x.223,; Mr. Elie Farah, CFO and VP Corporate
Development, Transition Therapeutics Inc., Phone: (416) 260-7770, x.203,

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Transition Therapeutics Inc.

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