Synthorx Announces Pricing of Initial Public Offering
December 06 2018 - 9:15PM
Synthorx, Inc. (Nasdaq: THOR), a biotechnology company using a
first-of-its-kind Expanded Genetic Alphabet platform technology to
discover and develop optimized biologics for cancer and autoimmune
disorders, today announced the pricing of its initial public
offering of 11,912,727 shares of common stock at a public offering
price of $11.00 per share. Synthorx anticipates total gross
proceeds of approximately $131 million, before deducting
underwriting discounts and commissions and other offering expenses.
All shares of common stock are being offered by Synthorx. The
shares are expected to begin trading on The Nasdaq Global Select
Market on December 7, 2018 under the ticker symbol "THOR." The
offering is expected to close on or about December 11, 2018,
subject to customary closing conditions. In addition, Synthorx has
granted the underwriters a 30-day option to purchase up to an
additional 1,786,909 shares of common stock at the initial public
offering price.
Jefferies LLC, Leerink Partners LLC and Evercore
ISI are acting as joint book-running managers for the offering.
H.C. Wainwright & Co., LLC is acting as lead manager for the
offering.
Registration statements relating to these
securities have been filed with the Securities and Exchange
Commission and became effective on December 6, 2018. The offering
will be made only by means of a prospectus. Copies of the final
prospectus relating to the offering, when available, may be
obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022 or by
telephone at (877) 547-6340 or by email at
Prospectus_Department@Jefferies.com; Leerink Partners LLC,
Attention: Syndicate Department, One Federal Street, 37th Floor,
Boston, MA 02110 or by telephone at (800) 808-7525, ext. 6132 or by
email at syndicate@leerink.com; or Evercore Group L.L.C.,
Attention: Equity Capital Markets, 55 East 52nd Street, New York,
NY 10055 or by telephone at (888) 474-0200 or by email at
ecm.prospectus@evercore.com.
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 Synthorx
Synthorx, Inc. is a biotechnology company
focused on prolonging and improving the lives of people with cancer
and autoimmune disorders. Synthorx’s proprietary, first-of-its-kind
Expanded Genetic Alphabet platform technology expands the genetic
code by adding a new DNA base pair and is designed to create
optimized biologics, referred to as Synthorins. A Synthorin is a
protein optimized through incorporation of novel amino acids
encoded by the new DNA base pair that enables site-specific
modifications, which enhance the pharmacological properties of
these therapeutics. The company’s lead product candidate, THOR-707,
a variant of IL-2, is in development in multiple tumor types as a
single agent and in combination with an immune checkpoint
inhibitor. The company was founded based on important discoveries
in Dr. Floyd Romesberg’s lab at The Scripps Research Institute. The
company is headquartered in La Jolla, Calif.
Corporate Development/IR Contact: Enoch
Kariuki, Pharm.D.Synthorx, Inc.ekariuki@synthorx.com
858-750-4750
Media Relations ContactLauren
FishCanale Communicationslauren@canalecomm.com619-849-5386
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