BioCryst Pharmaceuticals, Inc. Announces Pricing of Public Offering.BIRMINGHAM, Ala.--(BW HealthWire)--Nov. 3, 1999-- BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) announced today that its follow-on public offering of 2,000,000 shares of common stock was priced at $25.25 per share, for gross proceeds of $50.5 million. An underwriting group composed of Salomon Smith Barney Inc., Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Raymond James & Associates, Inc. conducted the offering. The underwriters have the option to purchase up to an additional 300,000 shares of common stock to cover over-allotments, if any. The Company plans to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this offering for research and development activities, preclinical studies preclinical studies, n.pl a term used to describe research done before a clinical study. May be laboratory or epidemiologic research. and clinical trials, working capital and general corporate purposes. BioCryst is a biotechnology company whose lead product candidate is a neuraminidase inhibitor neuraminidase inhibitor Infectious disease Any antiviral that inhibits neuraminidase, an enzyme essential for replication of influenza and other viruses. See Influenza. designed to treat and prevent viral influenza. NOTE: This news release shall not constitute an offer to sell or the solicitation or 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 of qualification under the securities laws of any such state. Copies of the prospectus relating to the offering can be obtained from Salomon Smith Barney Inc., 140 58th Street, Brooklyn, 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 11220, Fax: 718-765-6734. |
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