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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jul. 23, 8:16 PM

Slide #2. La Jolla Pharmaceutical Company Secondary Offering

Company: La Jolla Pharmaceutical Company (NASDAQ:LJPC)
Date announced: 7/22/2014
Shares Offered: 4,800,000
Date of Pricing: 7/23/2014
Price Per Share: $10.50
Secondary Offering Details: La Jolla Pharmaceutical Company (NASDAQ:LJPC) (the "Company" or "La Jolla"), a leader in the development of therapeutics targeting significant unmet life-threatening diseases, today announced its intention to offer and sell shares of its common stock in an underwritten offering pursuant to its existing shelf registration statement. All of the shares in the proposed offering are to be sold by La Jolla. updated 7/23 - La Jolla Pharmaceutical Company (NASDAQ:LJPC) (the "Company" or "La Jolla"), a leader in the development of therapeutics targeting significant unmet life-threatening diseases, today announced the pricing of an underwritten offering of 4,800,000 shares of its common stock, offered at a price of $10.50 per share. La Jolla has granted the underwriters a 30-day option to purchase up to an additional 720,000 shares of common stock. The offering is expected to close on or about July 28, 2014, subject to customary closing conditions. Jefferies LLC is acting as sole book-runner for the offering. Chardan Capital Markets, LLC, H.C. Wainwright & Co., LLC, LifeSci Capital, LLC and Noble Financial Group, Inc. are acting as co-managers for the offering.

La Jolla Pharmaceutical is a biopharmaceutical company engaged in the discovery, development and commercialization of therapeutics for chronic organ failure and cancer. Co.'s two product candidates are: GCS-100, which is targeting the galectin-3 protein and is in clinical trial for the treatment of chronic kidney disease; and LJPC-501, a peptide agonist of the renin-angiotensin system designed to restore kidney function in patients with hepatorenal syndrome. Co. has several product candidates in the early development stage, including LJPC-101, a subcutaneous formulation of GCS-100, LJPC-201, an oral galectin-3 inhibitor and LJPC-301, a monoclonal antibody designed to neutralize galectin-3.
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Company Name:  La Jolla Pharmaceutical Co.
Website:  www.ljpc.com
Sector:  Biotechnology
 

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July 23, 2014    8:16 PM Eastern
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