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Anacor Identifies a Novel Mechanism for Its Lead Anti-Fungal Drug,,AN2690; Findings Published in Science

has been done to evaluate the therapeutic promise of boron-containing compounds.

About Anacor Pharmaceuticals

Anacor, a privately held, clinical-stage pharmaceutical company, is developing novel product candidates for inflammatory and infectious diseases based on its proprietary, small-molecule, boron-based chemistry. AN2690, Anacor's lead product, is in Phase 2 trials for onychomycosis, a fungal infection of nails and nailbeds. Anacor has entered into an exclusive, worldwide agreement with Schering-Plough Corporation to develop and commercialize the drug. Anacor has a robust pipeline of other anti-fungal, anti-inflammatory and antibacterial compounds, including AN2728 and AN0128.

CONTACT: Paulette Dillon, Chief Business Officer of AnacorPharmaceuticals, +1-650-739-0700; or Brian Reid of WeissComm Partners,Inc., +1-703-402-3626, , for AnacorPharmaceuticals breid@weisscommpartners.com

Web site: http://www.anacor.com/

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