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Anadys Pharmaceuticals Augments Management Team and Board of Directors
Date:1/6/2011

in the biotechnology and pharmaceutical industries as an investment banker, Board member and company founder and investor.  Dr. Papadopoulos is a Board member of several companies, including Biogen Idec and Exelixis, Inc., where he is Chairman.  

Dr. Papadopoulos added, "On behalf of all of us at Anadys I would like to thank Steve Holtzman for his years of service as a member as well as for serving as Chairman of our Board.  We will miss his unique insights and wise counsel, but we wish him well in his new endeavor at Biogen Idec."

About Anadys

Anadys Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to improving patient care by developing novel medicines for the treatment of hepatitis C.  The Company believes hepatitis C represents a large unmet medical need in which meaningful improvements in treatment outcomes may be attainable with the introduction of new medicines.  Anadys has initiated a Phase IIb study of ANA598, the Company's DAA, added to current standard of care for the treatment of hepatitis C.  The Company is also preparing to resume clinical development of ANA773, the Company's oral, small-molecule inducer of endogenous interferons that acts via the Toll like receptor 7, or TLR7, pathway in hepatitis C.

Safe Harbor Statement

Statements in this press release that are not strictly historical in nature constitute "forward-looking statements."  Such statements include, but are not limited to, references to Anadys' ability to execute its corporate objectives in the coming year.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Anadys' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements.  For example, the results of preclinical and early clinical studies may not be predictive of future results, and Ana
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