Nastech to Release Third Quarter Financial Results and Host Webcast on Monday, October 29, 2007

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BOTHELL, Wash., Oct. 22 /-/ -- Nastech Pharmaceutical Company Inc. (Nasdaq: NSTK) announced today that its third quarter financial results will be released on Monday, October 29, 2007. Management will host a conference call with investors and financial analysts to discuss these results and to provide an update of the Company's clinical pipeline at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).

    To participate in the live conference call, U.S. residents should dial (866) 831-6243 and international callers should dial (617) 213-8855. The access code for the live conference call is 60453924. To access the 24-hour telephone replay, U.S. residents should dial (888) 286-8010 and international callers should dial (617) 801-6888. The access code for the replay is 53042322.

    Alternatively, to access the live audio webcast for this conference call or the subsequent archive, please log on to Nastech's website at http://www.nastech.com approximately 15 minutes prior to the conference call in order to register and download any necessary software.

    About Nastech

    Nastech is a biopharmaceutical company developing innovative products based on proprietary molecular biology-based drug delivery technologies. Nastech and our collaboration partners are developing products for multiple therapeutic areas including osteoporosis, obesity, diabetes, autism, respiratory diseases and inflammatory conditions. Additional information about Nastech is available at http://www.nastech.com.

    Contacts:

    Nastech Pharmaceutical Company Inc.

    Ed Bell

    Director, Investor Relations

    (425) 908-3639

    ir@nastech.com

    Russo Partners, LLC

    David Schull (Media)

    (212) 845-4271
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