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Anesiva Receives NASDAQ Listing Compliance Notice
Date:12/8/2009

SOUTH SAN FRANCISCO, Calif., Dec. 8 /PRNewswire-FirstCall/ -- Anesiva, Inc. (Nasdaq: ANSV) announced today that on December 2, 2009, Anesiva received a letter from The NASDAQ Stock Market ("Nasdaq") stating that Anesiva was required to maintain a minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000 during the last 30 consecutive business days and that therefore Anesiva was not in compliance with Listing Rule 5450(b)(1)(C). The notification letter has no effect at this time on the listing of Anesiva's common stock on The NASDAQ Global Market and Anesiva's common stock will continue to trade on The NASDAQ Global Market under the symbol ANSV.

The notification letter states that Anesiva will be afforded a grace period of 90 calendar days, or until March 2, 2010, to regain compliance with the minimum closing bid price requirement. If at anytime during this grace period Anesiva's MVPHS closes at $5,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide a written confirmation of compliance and the matter will be closed.

If Anesiva does not regain compliance by March 2, 2010, Nasdaq will provide written notification to Anesiva that its common stock may be delisted. Alternatively, Anesiva may want to consider applying for a transfer to The Nasdaq Capital Market, provided it satisfies the requirements for continued listing on that market.

About Anesiva

Anesiva seeks to be a leader in the development and commercialization of novel pharmaceutical products for pain management. Anesiva's lead product candidate is Adlea, a novel small molecule formulation of capsaicin that is currently in development for the management of acute pain following orthopedic surgeries. Adlea has been shown in clinical trials to provide extended pain relief after only a single administra
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SOURCE Anesiva, Inc.
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