Attached files
file | filename |
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8-K - FORM 8-K - CADENCE PHARMACEUTICALS INC | d258614d8k.htm |
EX-1.1 - UNDERWRITING AGREEMENT - CADENCE PHARMACEUTICALS INC | d258614dex11.htm |
EX-99.1 - PRESS RELEASE DATED NOVEMBER 14, 2011 - CADENCE PHARMACEUTICALS INC | d258614dex991.htm |
EX-5.1 - OPINION OF LATHAM & WATKINS LLP - CADENCE PHARMACEUTICALS INC | d258614dex51.htm |
Exhibit 99.2
CADENCE PHARMACEUTICALS ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK
SAN DIEGO, CA November 15, 2011 Cadence Pharmaceuticals, Inc. (Nasdaq: CADX) today announced that it has priced an underwritten public offering of 19,000,000 shares of its common stock at a price to the public of $3.75 per share. The net proceeds from the sale of the shares, after deducting the underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $67.4 million. Cadence has granted the underwriters for the offering a 30-day option to purchase up to an additional 2,800,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on or about November 18, 2011, subject to customary closing conditions.
Deutsche Bank Securities Inc. is acting as sole book-running manager, Leerink Swann LLC is acting as co-lead manager and Cowen and Company, LLC is acting as co-manager for the offering.
The securities described above are being offered by Cadence pursuant to a shelf registration statement that has been previously filed with, and declared effective by, the Securities and Exchange Commission (the SEC). A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SECs website at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering, when available, may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Floor 2, Jersey City, NJ 07311-3901, or by telephone at: (800) 503-4611, or by email at: prospectus.cpdg@db.com. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Cadence Pharmaceuticals, Inc.
Cadence Pharmaceuticals is a biopharmaceutical company focused on in-licensing, developing and commercializing proprietary products principally for use in the hospital setting.
Forward-Looking Statements
Statements included in this press release that are not a description of historical facts are forward-looking statements. Words such as plans, believes, expects, anticipates, and will, and similar expressions, are intended to identify forward-looking statements, and are based on Cadences current beliefs and expectations. Such statements include, but are not limited to, statements regarding the completion, timing and size of the public offering, and the expected net proceeds therefrom. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties, including, without limitation, those associated with market conditions and the satisfaction of customary closing conditions related to the public offering, as well as those inherent in Cadences business and finances in general, including the risks detailed in Cadences prior press releases as well as in Cadences periodic and other public filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Cadence
Cadence Pharmaceuticals Announces Pricing of Public Offering of Common Stock
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undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.