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Anadys Pharmaceuticals Reports Third Quarter 2010 Financial Results and Highlights
Date:11/8/2010

ceutical companies, its effectiveness at managing its financial resources, its ability to enter into transactions around its product candidates, its ability to successfully develop and market products, difficulties or delays in its preclinical studies or clinical trials, difficulties or delays in manufacturing its clinical trials materials, the scope and validity of patent protection for its products, regulatory developments and its ability to obtain additional funding to support its operations.  Risk factors that may cause actual results to differ are more fully discussed in Anadys' SEC filings, including Anadys' Form 10-K for the year ended December 31, 2009, Form 10-Q for the quarter ended September 30, 2010 and Form 8-K filed on October 15, 2010.  All forward-looking statements are qualified in their entirety by this cautionary statement.  Anadys is providing this information as of this date and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

Condensed Consolidated Financial StatementsAnadys Pharmaceuticals, Inc.Condensed Consolidated Statements of Operations(In thousands except per share amounts)(Unaudited)Three Months Ended
September 30,Nine Months Ended
September 30,2010200920102009Operating expensesResearch and development

$

2,488$

4,023$

9,273$

15,546General and administrative1,5102,0234,7526,611Total operating expenses (1)3,9986,04614,02522,157Interest income and other, net22183115565Loss from valuation of common stock warrant liability(767)(1,869)(13)(1,429)Total other (expense) income, net(745)(1,686)102(864)Net loss (1)

$

(4,743)$

(7,732)$

(13,923)$

(23,021)Net loss per share, basic and diluted (1)

$

(0.11)$

(0.21)$

(0.35)$

(0.71)Shares used in calculating net loss per share, basic and dilut
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SOURCE Anadys Pharmaceuticals, Inc.
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