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Ardea Biosciences Announces Upcoming Corporate Meetings

- Ardea to Present at the Seventh Annual JMP Securities Research Conference

on May 21 -

- Annual Shareholder Meeting on May 22 -

SAN DIEGO, May 14 /PRNewswire-FirstCall/ -- Ardea Biosciences, Inc. (Nasdaq: RDEA) today announced that the Company will present at the JMP Securities Seventh Annual Research Conference. Additionally, Ardea will be hosting a live webcast and conference call of their Annual Shareholder Meeting.

JMP Securities Conference

Presenter: Christopher W. Krueger, Senior Vice President and Chief

Business Officer

Date: Wednesday, May 21, 2008

Time: 11:30 a.m. Pacific Time

Location: The Ritz-Carlton, San Francisco


Annual Shareholder Meeting

Ardea Biosciences' Annual Shareholder Meeting is scheduled for Thursday, May 22, at 9:30 a.m. Pacific Time and will be webcast. To participate by telephone, please dial 877-440-5804 from the U.S. and Canada or +1- 719-325-4854 for international callers. In addition, the live conference call is being webcast and can be accessed on the "News & Events" page of the Company's website at A replay will also be available on Ardea's website for 14 days and by telephone through May 31, 2008. In the U.S. and Canada, please dial 888-203-1112 or +1- 719-457-0820 for international callers. For telephonic replay, please enter passcode 9342491 when prompted.

About Ardea Biosciences

Ardea Biosciences, Inc. of San Diego, California, is a biotechnology company focused on the discovery and development of small-molecule therapeutics for the treatment of HIV, cancer and inflammatory diseases, including gout. We have four drug candidates in clinical trials and several others in preclinical development and discovery. Our most advanced drug candidate is RDEA806, a non-nucleoside reverse transcriptase inhibitor (NNRTI), which is in a Phase 2a study for the treatment of HIV. We have evaluated our second generation NNRTI, RDEA427, for the treatment of HIV in a human micro-dose pharmacokinetic study and have selected it as a development candidate. We are also investigating RDEA806 for the treatment of gout. We are evaluating our lead MEK inhibitor, RDEA119, in a Phase 1 study in advanced cancer patients, as well as in a Phase 1 study in normal healthy volunteers for the treatment of inflammatory diseases. We have evaluated our second generation MEK inhibitor, RDEA436, for the treatment of cancer and inflammatory diseases in a human micro-dose pharmacokinetic study, and have selected it as a development candidate. In addition to the foregoing clinical programs, we are investigating other drug candidates in earlier stages of preclinical development and discovery.

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: sufficiency of cash resources and our goals, including the expected properties and benefits of RDEA806, RDEA427, RDEA119, RDEA436 and our other compounds and the results of preclinical, clinical and other studies. Risks that contribute to the uncertain nature of the forward-looking statements include: risks related to the outcome of preclinical and clinical studies, risks related to regulatory approvals, delays in commencement of preclinical and clinical studies, and costs associated with internal development and business development activities. These and other risks and uncertainties are described more fully in our most recently filed SEC documents, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, under the headings "Risk Factors." All forward-looking statements contained in this press release speak only as of the date on which they were made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE Ardea Biosciences, Inc.
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