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BioCryst Provides Peramivir Update and Reports First Quarter 2009 Financial Results
Date:5/8/2009

in future product, license or royalty payments being received by BioCryst; that BioCryst may not be able to retain its current pharmaceutical and biotechnology partners for further development of its product candidates or it may not reach favorable agreements with potential pharmaceutical and biotechnology partners for further development of its product candidates, that our actual burn rate may not be consistent with our expectations; that BioCryst may not have sufficient cash to continue funding the development, manufacturing, marketing or distribution of its products and that additional funding, if necessary, may not be available at all or on terms acceptable to BioCryst. Please refer to the documents BioCryst files periodically with the Securities and Exchange Commission, specifically BioCryst's most recent Annual Report on Form 10-K, most recent Registration Statement on Form S-3 (filed November 28, 2008), Quarterly Reports on Form 10-Q, and current reports on Form 8-K, all of which identify important factors that could cause the actual results to differ materially from those contained in our projections and forward-looking statements.

BCRXW

                               BIOCRYST PHARMACEUTICALS, INC.
                                     FINANCIAL SUMMARY

    Statements of Operations (Unaudited)
     (in thousands, except per share)
                                             Three Months Ended
                                                  March 31,
                                           2009              2008
    Revenues:
    Collaborative and other research
     and development                     $4,359           $10,768

    Expenses:
    Research and development             11,289            21,898
    General and administrative            2,457             2,886

    Total expenses                       13,746            24,784

    Loss from operations                 (9,387)          (14,016)

    Inter
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SOURCE BioCryst Pharmaceuticals, Inc.
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