Includes 840,000 Shares Sold by Cell Genesys
FREMONT, Calif., Feb. 10 /PRNewswire/ -- Abgenix, Inc. (Nasdaq: ABGX)
today announced the public offering of 3,000,000 shares of Common Stock at a
price of $210 per share.
Of the 3,000,000 shares of Common Stock offered, 2,160,000 were sold by
the Company and 840,000 were sold by a selling stockholder of the Company,
Cell Genesys, Inc. (Nasdaq: CEGE). The shares were offered by an underwriting
group led by Robertson Stephens, Lehman Brothers Inc., Merrill Lynch & Co. and
Pacific Growth Equities, Inc. The underwriters have an option to purchase up
to an additional 450,000 shares, of which 324,000 shares shall be from Abgenix
and 126,000 shares shall be from the selling stockholder, Cell Genesys, Inc.
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 in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state. The offer is made only by the prospectus, a copy of which may
be obtained from Robertson Stephens, 555 California Street, Suite 2600,
San Francisco, CA 94104, 415-781-9700.
Abgenix is a biopharmaceutical company that develops and intends to
commercialize antibody therapeutic products for the treatment of a variety of
disease conditions, including transplant-related diseases, inflammatory and
autoimmune disorders, cardiovascular disease, infectious disease, and cancer.
Statements made in this press release, other than statements of historical
fact, are forward looking statements and are subject to a number of
uncertainties that could cause actual results to differ materially from the
statements made, including risks associated with the success of clinical
trials, the progress of research and product development programs, the
regulatory approval process, competitive products, future capital requirements
and the extent and breadth of Abgenix's patent portfolio. Please see Abgenix'
public filings with the Securities and Exchange Commission for information
about risks that may affect Abgenix.
SOURCE Abgenix, Inc.
 back to top
Related links:
http://www.abgenix.com
CONTACT:
Kurt Leutzinger, Vice President and Chief
Financial Officer of Abgenix Inc., 510-608-6575
|
