Amylin (AMLN) Prices 13M Offering; Sees Gross Proceeds of $203.1M
Tweet
Share
E-mailGet Alerts AMLN Hot Sheet
Join SI Premium – FREE
Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) today announced the pricing of an underwritten public offering of 13,000,000 shares of its common stock. The gross proceeds to Amylin from this offering are expected to be approximately $203.1 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Amylin.
The offering is expected to close on or about March 13, 2012, subject to customary closing conditions.
Amylin has also granted to the underwriter a 30-day option to purchase from it up to an additional 1,950,000 shares of its common stock. Amylin intends to use the net proceeds from this offering primarily for expenses related to its commercialization of BYDUREON™ (exenatide extended-release for injectable suspension), as well as for general corporate purposes which may include research and development expenses, capital expenditures, working capital and general administrative expenses.
The offering is expected to close on or about March 13, 2012, subject to customary closing conditions.
Amylin has also granted to the underwriter a 30-day option to purchase from it up to an additional 1,950,000 shares of its common stock. Amylin intends to use the net proceeds from this offering primarily for expenses related to its commercialization of BYDUREON™ (exenatide extended-release for injectable suspension), as well as for general corporate purposes which may include research and development expenses, capital expenditures, working capital and general administrative expenses.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
- Aptevo Therapeutics files prospectus for resale of 6.4M shares
- Baiya International Group (BIYA) files $200M mixed shelf
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
