Article: Essential Therapeutics Announces Receipt of Nasdaq Staff Determination Letter.

Essential Therapeutics, Inc. today announced the receipt of a Nasdaq Staff determination letter indicating that the Company's securities will be delisted from the Nasdaq National Market at the opening of business on February 10, 2003 due to the Company's failure to comply with the Nasdaq National Market System listing criteria which require the Company to maintain a minimum stockholders' equity of $10 million. The Company has the right to appeal the Staff's determination to the Nasdaq Listing Qualifications Panel, and the hearing request will stay the delisting of the Company's securities pending the Panel's decision. The Company intends to request such a hearing.

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