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Ardea Biosciences Reports Recent Accomplishments; Provides 2010 Outlook; Announces Fourth Quarter and Full-Year 2009 Financial Results and 2010 Financial Guidance

average interest rates as compared to 2008.

                           ARDEA BIOSCIENCES, INC.
               Condensed Consolidated Statements of Operations
                   (in thousands, except per share amounts)
                             Three Months Ended         Twelve Months Ended
                                December 31,                December 31,
                                ------------                ------------
                             2009            2008         2009          2008
                             ----            ----         ----          ----
      License fees         $7,251              $-      $20,442            $-
      Sponsored research        -              44            -           304
       research and
       development costs    1,004               -        2,494             -
                            -----             ---        -----           ---
        Total revenues      8,255              44       22,936           304
    Operating expenses:
      Research and
       development         11,478          10,507       42,198        44,858
      General and
       administrative       2,882           2,198       10,689        11,921
                            -----           -----       ------        ------
        Total operating
         expenses          14,360          12,705       52,887        56,779
    Loss from operations   (6,105)        (12,661)     (29,951)      (56,475)
    Other income (expense):
      Interest income          66             210          386         1,524
      Interest expense       (291)           (204)      (1,323)         (215)
      Other income, net         -             (11)          21           171
                              ---             ---          ---           ---
        Total othe
SOURCE Ardea Biosciences, Inc.
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Related medicine technology :

1. Ardea Biosciences, Inc. Announces Completion of Phase 1 Clinical Trials of Novel Investigational HIV Drug RDEA806
2. Ardea Biosciences, Inc. Presents Results of Phase 1 Studies of RDEA806, a Novel NNRTI for HIV, at 47th ICAAC
3. Ardea Biosciences Lead MEK Inhibitor, RDEA119, to Enter Human Clinical Trials in Advanced Cancer Patients
4. Ardea Biosciences, Inc. Announces New Clinical Development Program Directed Toward the Treatment of Gout
5. Ardea Biosciences Presents Preclinical Data Demonstrating Favorable Resistance Profiles for Non-Nucleoside Reverse Transcriptase Inhibitors for the Treatment of Human Immunodeficiency Virus
6. Ardea Biosciences Reports Positive Phase 2a Results for Lead HIV Candidate, RDEA806, Demonstrating up to 2.0 Log Reduction in Plasma Viral Load
7. Ardea Biosciences Presents Data Demonstrating Favorable Pharmacokinetics and Efficacy for Mitogen-Activated ERK Kinase (MEK) Inhibitors
8. Ardea Biosciences Appoints John W. Beck Chief Financial Officer, Announces Clinical Development Progress and Reports First Quarter 2008 Financial Results
9. Ardea Biosciences Identifies Lead Development Candidate for Gout, RDEA594
10. Ardea Biosciences Presents Preclinical Data on RDEA119 Demonstrating Favorable Anti-Inflammatory Profile for Potential Use in Ulcerative Colitis
11. Ardea Announces Progress with HIV Non-Nucleoside Reverse Transcriptase Inhibitor Program
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