Transcept Pharmaceuticals Announces Roumell Asset Management Supports Company Strategies

Transcept Pharmaceuticals, TSPT today announced that the company's largest stockholder, Roumell Asset Management, had publicly announced its support of the Transcept business strategies that Transcept outlined in its press release dated December 4, 2013.  In that regard, Roumell indicated that it would abstain from voting in the upcoming special meeting of stockholders scheduled for December 19, 2013, which was called initially at the request of Roumell.  "We are very pleased that the Roumell team has moved to support our strategies to maximize stockholder value, and we appreciate the confirmation of that support in their actions regarding the December 19 special meeting of stockholders," stated Glenn A. Oclassen, Transcept President and Chief Executive Officer. See full press release