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Amicus Therapeutics Announces Pricing of Initial
Public Offering of 5,000,000 Shares of Common Stock
Cranbury, NJ – May 31, 2007
Amicus Therapeutics (Nasdaq: FOLD) announced today the pricing of its
initial public offering (IPO) of 5,000,000 shares of its common stock at
a public offering price of $15.00 per share. Amicus has granted the
underwriters a 30-day option to purchase up to an additional 750,000
shares of common stock to cover over- allotments, if any. All shares in
the offering will be sold by the Company and are expected to begin
trading today on the NASDAQ Global Market under the trading symbol
"FOLD."
Morgan Stanley & Co. Incorporated and Merrill Lynch & Co. served as
joint book-runners for the offering, with J.P. Morgan Securities Inc.,
Lazard Capital Markets LLC, and Pacific Growth Equities, LLC acting as
co-managers. The offering is expected to close on or about June 5, 2007,
and is subject to the satisfaction of customary closing conditions.
Amicus filed a registration statement, which has been declared effective
by the Securities and Exchange Commission (SEC). A copy of the final
prospectus relating to the offering may be obtained by contacting Morgan
Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014,
attention: Prospectus Department, or by e-mailing
prospectus@morganstanley.com or contacting Merrill Lynch & Co., 4 World
Financial Center, New York, New York 10080, or by calling 212-449-1000.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of these securities, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful.
About Amicus Therapeutics
Amicus Therapeutics is a biopharmaceutical company developing novel,
oral therapeutics known as pharmacological chaperones for the treatment
of a range of human genetic diseases. Pharmacological chaperone
technology involves the use of small molecules that selectively bind to
and stabilize proteins in cells, leading to improved protein folding and
trafficking, and increased activity. Amicus is initially targeting
lysosomal storage disorders, which are severe, chronic genetic diseases
with unmet medical needs. Amicus is currently conducting Phase II
clinical trials of Amigal(TM) for the treatment of Fabry disease and
Plicera(TM) for the treatment of Gaucher disease. The company is
currently conducting Phase I clinical trials of AT2220 for the treatment
of Pompe disease.
Safe Harbor Statement
This press release may contain or incorporate by reference certain
statements that are not historical facts, including statements preceded
by, followed by or that include the words "may," "believes," "will",
"expects," "anticipates," or the negation thereof, or similar
expressions, which constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Reform Act"). All statements that address events, transactions or
developments that are expected or anticipated to occur in the future are
forward-looking statements within the meaning of the Reform Act. Such
forward-looking statements involve risks, uncertainties and other
factors that may cause the actual performance or achievements of Amicus
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
For those statements, Amicus claims the protection of the safe harbor
for forward-looking statements contained in the Reform Act. Amicus will
not undertake and specifically declines any obligation to publicly
release the result of any revisions that may be made to any
forward-looking statements to reflect events or circumstances after the
date of such statements or to reflect the occurrence of anticipated or
unanticipated events.
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