Omeros Prices Initial Public Offering of Common Stock at $10.00 Per Share
October 07 2009 - 10:54PM
PR Newswire (US)
SEATTLE, Wash., Oct. 7 /PRNewswire-FirstCall/ -- Omeros Corporation
today announced the pricing of its initial public offering of 6.82
million shares of its common stock at a price of $10.00 per share.
The underwriters have the option to purchase up to an additional
1.02 million shares to cover over-allotments, if any. All of the
shares of common stock are being offered by Omeros. The common
stock is expected to begin trading on The NASDAQ Global Market on
October 8, 2009 under the ticker symbol "OMER." Omeros intends to
use the net proceeds of the offering to fund the completion of its
Phase 3 clinical trials of OMS103HP, its lead product candidate
being evaluated for use during arthroscopic surgery to improve
postoperative joint function and reduce postoperative pain, as well
as the potential launch and commercialization of OMS103HP. The
Company also intends to use the net proceeds to fund, among other
things, the development of its other product candidates in the
clinic, OMS302 for ophthalmology and OMS201 for urology, and the
development of its pipeline of preclinical programs. Deutsche Bank
Securities Inc. is acting as the sole book-running manager. Wedbush
PacGrow Life Sciences is acting as the co-lead manager, Canaccord
Adams and Needham & Company, LLC are acting as co-managers, and
Chicago Investment Group, LLC and National Securities Corporation
are acting as junior co-managers. The offering will be made only by
means of a prospectus, copies of which may be obtained by
contacting: Deutsche Bank Securities Inc. by mail, Attn: Prospectus
Department, 100 Plaza One, Floor 2, Jersey City, NJ 07311, by
telephone at (800)-503-4611 or by email: . A registration statement
relating to these securities was declared effective by the
Securities and Exchange Commission on October 7, 2009. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. About Omeros
Corporation Omeros Corporation is a clinical-stage
biopharmaceutical company committed to discovering, developing and
commercializing products focused on inflammation and disorders of
the central nervous system. Omeros' most clinically advanced
product candidates are derived from its proprietary
PharmacoSurgery(TM) platform designed to improve clinical outcomes
of patients undergoing arthroscopic, ophthalmological, urological
and other surgical and medical procedures. Omeros has four ongoing
PharmacoSurgery(TM) clinical development programs, and its lead
product candidate, OMS103HP, is being evaluated in Phase 3 clinical
trials for use during arthroscopic surgery to improve postoperative
joint function and reduce postoperative pain. Omeros is also
building a diverse pipeline of preclinical programs targeting
inflammation and central nervous system disorders. Forward-looking
Statements This press release contains "forward-looking
statements." These statements include, but are not limited to,
those regarding Omeros' expectations regarding its clinical
development activities and the clinical benefits of its product
candidates. These forward-looking statements are based on the
current intent and expectations of the management of Omeros. These
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict. Omeros'
actual results and the timing and outcome of events may differ
materially from those expressed in or implied by the
forward-looking statements because of risks associated with Omeros'
clinical development activities, regulatory oversight, intellectual
property rights and other risks. Omeros undertakes no obligation to
update any forward-looking or other statements in this press
release, whether as a result of new information, future events or
otherwise. DATASOURCE: Omeros Corporation CONTACT: Susan Neath,
+1-212-213-0006,
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