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Anesiva Announces First Quarter 2008 Financial Results
Date:5/8/2008

$1 $-

Operating expenses:

Research and development 13,384 6,962

General and administrative 8,457 5,754

Total operating expenses 21,841 12,716

Loss from operations (21,840) (12,716)

Interest and other income 248 1,038

Loss before minority interest (21,592) (11,678)

Minority interest in loss of variable

interest entity 9 -

Net Loss (21,583) (11,678)

Basic and diluted net loss per common share $(0.54) $(0.43)

Shares used to compute basic and diluted

net loss per common share 40,269 27,315

Stock-based compensation $1,562 $2,047

Anesiva, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

March 31, December 31,

2008 2007

(unaudited) (Note)

Assets

Cash, cash equivalents and short-term

investments $70,043 $90,840

Other current assets 3,193 2,225

Total current assets 73,236 93,065

Property and equipment, net 15,602 15,276

Other assets, non-current 1,381 1,395

Total assets $90,219 $109,736

Liabilities and stockholders' equity
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SOURCE Anesiva, Inc.
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