Anesiva Announces Planned Right... ( SOUTH SAN FRANCISCO Calif. March 26 /...)

Anesiva Announces Planned Rights Offering

Date:3/26/2009

SOUTH SAN FRANCISCO, Calif., March 26 /PRNewswire-FirstCall/ -- Anesiva, Inc. (Nasdaq: ANSV), a specialty pharmaceutical company focused on pain management, announced today that it is planning to commence a rights offering of notes to its stockholders, which, would if fully subscribed, produce gross proceeds to Anesiva of an aggregate principal amount of $3,000,000.

Anesiva will be distributing non-transferable rights to subscribe for and purchase notes to common stockholders of record as of 5:00 p.m., Pacific time, on March 27, 2009 (the "Record Date"). In the offering, each common stockholder will receive a right to purchase a portion of the principal amount of notes, for each share of common stock of Anesiva owned as of 5:00 p.m., Pacific time, on the Record Date, either as a holder of record or as a beneficial owner of shares held of record on his or her behalf by brokers, dealers, custodian banks or other nominees. Stockholders will be able to exercise their rights to purchase notes in the offering until 5:00 p.m., Pacific time, on Tuesday, April 28, 2009, the expected expiration date of the rights offering. Anesiva, in its sole discretion, may extend the period for exercising the subscription rights.

A copy of the final prospectus supplement relating to the rights offering and additional materials relating to the rights offering are expected to be mailed on or about April 1, 2009 to common stockholders of Anesiva as of the Record Date.

Further information regarding the rights offering will be contained in the preliminary prospectus supplement which Anesiva has filed with the Securities and Exchange Commission on March 26, 2009 and the final prospectus supplement which Anesiva anticipates will be filed with the Securities and Exchange Commission on April 1, 2009. Anesiva expects to utilize the proceeds fr
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