InterMune announces pricing of public offering of 7,500,000
shares of common stock
14/03/2014 12:36
InterMune, Inc. announced that it has agreed to sell 7,500,000 shares of its common stock at a price to the public of USD 32.75 per share in an underwritten public offering. InterMune has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock in connection with the offering. InterMune estimates net proceeds from the offering to be approximately USD 233.0 million (assuming no exercise of the underwriters' option to purchase additional shares of common stock), after deducting underwriting discounts and estimated offering expenses. InterMune intends to use the net proceeds from the offering to fund the commercialization activities in anticipation of the potential commercial launch of Esbriet® (pirfenidone) in the United States and ongoing commercialization in Europe, to fund research and development programs with Esbriet and other compounds intended to address idiopathic pulmonary fibrosis (IPF) and other fibrotic diseases, and for general corporate purposes. InterMune expects to close this transaction on or about March 19, 2014, subject to satisfaction of customary closing conditions. Goldman, Sachs & Co. and J. P. Morgan Securities LLC are acting as joint book-running managers of the offering. Robert W. Baird & Co.; Canaccord Genuity, Inc.; JMP Securities LLC; and Wells Fargo Securities are acting as co-managers of the offering.
14/03/2014 12:36
InterMune, Inc. announced that it has agreed to sell 7,500,000 shares of its common stock at a price to the public of USD 32.75 per share in an underwritten public offering. InterMune has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock in connection with the offering. InterMune estimates net proceeds from the offering to be approximately USD 233.0 million (assuming no exercise of the underwriters' option to purchase additional shares of common stock), after deducting underwriting discounts and estimated offering expenses. InterMune intends to use the net proceeds from the offering to fund the commercialization activities in anticipation of the potential commercial launch of Esbriet® (pirfenidone) in the United States and ongoing commercialization in Europe, to fund research and development programs with Esbriet and other compounds intended to address idiopathic pulmonary fibrosis (IPF) and other fibrotic diseases, and for general corporate purposes. InterMune expects to close this transaction on or about March 19, 2014, subject to satisfaction of customary closing conditions. Goldman, Sachs & Co. and J. P. Morgan Securities LLC are acting as joint book-running managers of the offering. Robert W. Baird & Co.; Canaccord Genuity, Inc.; JMP Securities LLC; and Wells Fargo Securities are acting as co-managers of the offering.
