Filed Pursuant to Rule 424(b)(3)
File Number 333-131538
PROSPECTUS SUPPLEMENT NO. 1
Prospectus Supplement No. 1 dated March 17, 2006
to Prospectus declared
effective on March 8, 2006
(Registration No. 333-131538)
FERMAVIR PHARMACEUTICALS, INC.
This Prospectus Supplement No. 1 supplements our Prospectus dated March 8, 2006. The shares that are the subject of the Prospectus have been registered to permit their resale to the public by the selling stockholders named in the Prospectus. We are not selling any shares of common stock in this offering and therefore will not receive any proceeds from this offering. You should read this Prospectus Supplement No. 1 together with the Prospectus.
The table set forth in the section of the Prospectus entitled "Selling Stockholders" is hereby updated to reflect the transfer of warrants and the underlying common stock from Trilogy Capital Partners, Inc. to MBA Holdings, LLC. The selling stockholder may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any time or from time to time since the dates on which it provided the information regarding the shares beneficially owned by it, all or a portion of the shares beneficially owned by it in transactions registered under other effective registration statements or exempt from the registration requirements of the Securities Act.
Selling Stockholder | Number of Shares Beneficially Owned Prior to the Offering | Number of Shares Offered | Number of Shares | Percent of Shares Beneficially Owned |
| Trilogy Capital Partners, Inc. | 900,000 | 900,000 | — | — |
| MBA Holdings, LLC | 100,000 | 100,000 | | |
Our common stock trades on the Over the Counter Bulletin Board under the symbol “FMVR.OB.”
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this Prospectus Supplement. Any representation to the contrary is a criminal offense.
The date of this Prospectus Supplement is March 17, 2006.
