Artes Medical Announces Exercise of Over-Allotment Option and Closing of Initial Public Offering.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Artes Medical, Inc. (Nasdaq: ARTE) announced today that the underwriters of the Company's recent initial public offering of its common stock exercised in full their over-allotment option to purchase from the Company an additional 690,000 shares of the Company's common stock at a price of $6.00 per share, before deducting underwriting discounts and commissions. The option was granted in connection with the Company's initial public offering of 4,600,000 shares. The closing of the sale of all 5,290,000 shares by the Company to the underwriters occurred earlier today. Cowen and Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Lazard Capital Markets Lazard Capital Markets is a New York-based investment bank founded in 2005 in a spin-off from its parent Lazard. Lazard Capital Markets focuses its activities on equity research, sales and trading; fixed income and convertible bond sales and trading; and securities LLC acted as joint book-running managers for the offering, and Stifel, Nicolaus & Company, Incorporated acted as a co-manager for the offering. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's initial public offering can be obtained from the Cowen and Company, LLC Prospectus Department or from the Lazard Capital Markets LLC Prospectus Department, each at ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , 1155 Long Island Avenue, Edgewood, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 11717, phone number (631) 254-7106. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 19, 2006. 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About Artes Medical, Inc. Artes Medical, Inc. is a medical technology company focused on developing, manufacturing and commercializing a new category of aesthetic injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. products for the dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin. and plastic surgery markets. The Company's initial product, ArteFill[R], is a non-resorbable aesthetic injectable implant for the correction of facial wrinkles wrinkles See bells and whistles. known as nasolabial folds, or smile lines, which is being marketed as a treatment for men and women. Additional information about Artes Medical, Inc. and ArteFill is available at www.artesmedical.com and www.artefill.com. Forward-Looking Statements This news release may contain forward-looking statements that are based on the Company's current beliefs and assumptions and on information currently available to its management. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. As a result of these risks, uncertainties and other factors, which include the Company's limited operating experience and history of net losses, the Company's current reliance on a single product (ArteFill[R]) and the Company's limited experience in commercializing any product, readers are cautioned not to place undue reliance on any forward-looking statements included in this press release. A more extensive set of risks is set forth in Artes Medical, Inc.'s SEC filings including, but not limited to, its Registration Statement on Form S-1 filed on December 19, 2006. These forward-looking statements represent beliefs and assumptions only as of the date of this news release, and the Company assumes no obligation to update these forward-looking statements publicly, even if new information becomes available in the future. Artes Medical[R] and ArteFill[R] are registered trademarks of Artes Medical, Inc. |
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