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ONYX PHARMACEUTICALS TO PRESENT AT UPCOMING HEALTHCARE CONFERENCE
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Onyx Pharmaceuticals to Present at Upcoming Healthcare Conference

Onyx Pharmaceuticals to Present at Upcoming Healthcare Conference



Richmond, California — Feb. 26, 2004

Contact:
Julianna Wood
510-262-8757

Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX) today announced that it will present at two investment conferences in March.

Lehman Brothers Seventh Annual Global Healthcare Conference
The first presentation will be at the Lehman Brothers Seventh Annual Global Healthcare Conference in Miami Beach, Florida, on Wednesday, March 3, at 9:30 a.m. Eastern Time. Interested parties may access a live webcast of the presentation using the address provided below, clicking on "enter site" and then on "audio webcast."

http://www.lehman.com/conferences/200403Healthcare/

SG Cowen 24th Annual Healthcare Conference
Subsequently, Onyx will present at the SG Cowen 24th Annual Healthcare Conference in Boston, Massachusetts, on Tuesday, March 9, at 8 a.m. and 9 a.m. Eastern Time. Interested parties may access a live webcast of the presentation at:

http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=ONXX&item_id=852068

It is recommended that viewers log on 15 minutes early in order to register and download any necessary software. If you are unable to participate during either of the live webcasts, a recorded replay of the presentations will be available within 24 hours of the completion of the presentations. The replays will remain available for one month following the presentation dates.

Onyx Pharmaceuticals is engaged in the development of novel cancer therapies that target the molecular basis of cancer. With its partners, the company is developing small molecule drugs, including BAY 43 9006 with Bayer Pharmaceuticals Corporation. For more information about Onyx's pipeline and activities, visit the company's web site at www.onyx pharm.com.

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