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BioCryst Reports Fourth Quarter and Full Year 2009 Financial Results and Provides Corporate Update
Date:2/4/2010

BIRMINGHAM, Ala., Feb. 4 /PRNewswire-FirstCall/ -- BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced financial results for the fourth quarter and year ended December 31, 2009.

"Over the past year, BioCryst has made great strides towards the goal of building an enduring and successful biopharmaceutical company," said Jon P. Stonehouse, President and Chief Executive Officer of BioCryst Pharmaceuticals.  "Peramivir has delivered the first marketing authorization and first product sales revenue for a BioCryst discovered drug."

Mr. Stonehouse continued, "We ended 2009 with a strong balance sheet and greater financial flexibility to advance our programs.  In 2010, we look forward to seeing clinical data from a variety of our ongoing studies."

Fourth Quarter Financial Results

For the three months ended December 31, 2009, total revenues were $54.9 million compared to $34.2 million for the three months ended December 31, 2008.  This increase was driven by $22.9 million in product sales, primarily the $22.5 million order of 10,000 courses of intravenous (i.v.) peramivir from the Department of Health and Human Services (HHS), as well as the $7.0 million milestone payment from the Company's partner, Shionogi & Co., Ltd., related to its filing of a New Drug Application (NDA) to seek regulatory approval for i.v. peramivir in Japan.  During the current quarter, revenue from the contract with HH
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SOURCE BioCryst Pharmaceuticals, Inc.
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